Or Friday the 13th will be unlucky for the Polish gold? – The Pulse Of The Business

Market expectations talking, rather, about the absence of any movement from the Agency, so investors will focus on comments about the prospects for a published report. Of course, surprises that can lead to significant movements in the gold Polish but also on a very hot Polish stock exchange.

the Decision of rating Agency Standard&Poor’s, since February of last year, when there was a simultaneous decrease in the rating and his prospects was a big surprise to markets, which has led to huge turbulence on the Polish assets. The main motive that led to the downgrade was the deterioration of the political situation in Poland, as further economic data was at a decent level. These data has deteriorated over the years, but we didn’t have in common with the implementation of the black scenario, which have been declared using some of the rating agencies. In the end, went only to a single prospect of a downgrade by Moody’s, and more recently to improve the Outlook from negative to stable by S&P.

Theoretically, we could be dealing with two motions. First, Moody’s continues to have the highest level of evaluation of the Polish debt and an additional term is negative, therefore the last action in the form of lower retirement age can affect a bluff on the part of this Agency. However, a more likely effect will be to reduce the prospects for Fitch, though, given the status quo in this country all year round, such a move also do not expect markets.

of Course, more important than the comments themselves Agency’s analysts, which until recent events in Poland, and in particular to a method of adoption of the budget in 2017, which is controversial for many politicians in Poland or even the representatives of the European institutions. It’s just very negative comments in relation to this topic could lead to weakness of the Polish assets.
Markets, however, seem to ignore and still have a negative political factors in Poland. Can also be in the case of rating agencies, therefore, the Polish zloty should have a fairly positive Outlook, in particular, that you will see a return of inflows of capital to Poland, which on one hand increases of quotations of joint-stock companies in Poland, and on the other hand, leads to a marked reduction in the level of profitability in Poland.

Gold could be quite volatile today’s session and does not exclude the movement to the level of 4.40 on a pair of EURPLN. This is just the price for the currency pair will determine major trends in other currencies against the zloty. Also pay attention to the fact that because of regulation by the European institutions, the ratings must be published after the Friday trading session. Can also occur the situation that the ratings will be published only after the closure of global markets, so the main movement in the gold we will only be taking off the market Sunday night and mostly on Monday morning.