Articles by Boby Michael

Boby Michael

Email : b.michael@ibtimes.co.uk

Major global currencies

Euro, pound and yen steady ahead of FOMC decision, Canadian and Australian units weaker

Commodities currencies except NZ dollar show weakness ahead of Fed decision.

Jul 29, 2015

Diageo-United National Breweries Deal

European alcohol companies' India business outlook dampened by regulatory bottlenecks: Moody's

Heineken has 42% stake in India's beer market leader UB Group which has 51% market share while Diageo dominates the spirits market with 40% share.

Jul 29, 2015

UK pound

Pound keeps gains ahead of Q2 UK GDP and FOMC rate decision

Analysts see UK growth slowing to 2.6% in June quarter from 2.9% in Q1.

Jul 28, 2015

Central banks watch

Central banks watch: Fed decision in focus while rate changes expected in Russia and Brazil

Fed's tone is likely to influence the dollar's direction.

Jul 26, 2015

Chile Peso

Brazil's real and Chilean peso plummet to new multi-year lows after commodities plunge

The export-GDP share of Brazil was 11.5% in 2014 and that was 33.8% for Chile as per World Bank statistics.

Jul 24, 2015

Canadian dollars

Canadian dollar falls to 11-year low as China data triggers commodities selloff

USD/CAD has broken through the 2009 high to its highest since 2004 on 24 July.

Jul 24, 2015

Australian dollar

Weak China data pushes Aussie dollar down to new low

China Markit manufacturing PMI falls to 15-month low in July.

Jul 24, 2015

Euro, pound and dollar

Euro rises as markets open on positive note from Greece, pound falls as retail sales disappoint

UK retail sales fall in June while Spanish labour market strengthens.

Jul 23, 2015

Reserve Bank of New Zealand

Analysis: RBNZ confirms 0.65 is 'Goldilocks' level for NZD/USD

The central bank has dropped the phrase that the currency is 'overvalued' in its latest statement.

Jul 23, 2015

Greek parliament

Euro remains weak after US data as focus shifts to Greek reform vote

The ECB has increased the ELA by €900m just ahead of the Greek parliament vote.

Jul 22, 2015

Thai baht

Thai baht slumps to new 6-year low as industrial sentiment dampens, stocks slide

The baht is now down more than 5% so far this year.

Jul 22, 2015

Pound notes

Pound strengthens ahead of BoE minutes, inflation hearings

Weakness in dollar aids pound rally.

Jul 22, 2015

$Gold and silver bars are pictured at the Austrian Gold and Silver Separating Plant \'Oegussa\' in Vienna August 26, 2011.$

Gold and precious metals roundup: Moves off multi-year lows as dollar pare gains

Platinum is still below $1000 while palladium has moved significantly off $600.

Jul 21, 2015

Hungary forint

Hungarian forint rallies as central bank cuts rates

The National Bank of Hungary slashed the main rate by 15 basis points to 1.35%.

Jul 21, 2015

AUD/USD Weekly

Aussie dollar off lows as focus shifts to CPI data

The currency has triggered a major bearish signal by breaking a channel support.

Jul 21, 2015

A machine counts and sorts out euro notes at the Belgian Central Bank in Brussels

Euro falls to three-month low as mild Greek positives fail to restore market confidence

Poor data from German markets not helping matters.

Jul 20, 2015

Gold monthly

Technical analysis: Gold off lows after plummeting on China news, yet $1000 is likely

Gold's $1000 chances have increased after Monday's fall.

Jul 20, 2015

NZD Notes

New Zealand dollar off 6-year low as current level termed 'Goldilocks'

Declining global oil and dairy prices expected to weigh on Kiwi dollar.

Jul 20, 2015

South African Rand

South Africa: Inflation data crucial as Sarb under pressure to tackle price rise

Meanwhile, the rand is hovering near a 12-year low vs dollar.

Jul 19, 2015

Major currencies and dollar

Central banks watch: RBNZ may cut rates while South Africa may raise; BoE and RBA in focus for minutes

BoE's Mark Carney and RBA chief Glenn Stevens will speak this week.

Jul 19, 2015

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