Articles by Boby Michael

Email : b.michael@ibtimes.co.uk

Euro rises to 18-day high on PMI surprise, pound down as inflation rate at record low

Eurozone business activity has grown at the fastest rate for four years, Markit said.

Mar 24, 2015

Euro and sterling show weakness ahead of PMI and inflation data

German and eurozone Markit PMI data and CPI/PPI numbers from the UK are awaited in European session.

Mar 24, 2015

China HSBC/Markit PMI falls to 11-month low, Aussie dollar off recent high

China HSBC/Markit manufacturing PMI falls to 49.2 in March from 50.7 in February.

Mar 24, 2015

Asian currencies strengthen as Fed's disinflation woes weaken dollar

Markets continue to expect the Fed to keep its rate path divergence towards the hawkish side from other major central banks.

Mar 19, 2015

Gold supported near five-year low ahead of change of bullion fixing system

Starting 20 March, the gold price fixing will be through a screen-based electronic fixing system.

Mar 18, 2015

Goldman Sachs HSBC Barclays

Currencies, oil and gold sharply down against the dollar

Spot brent is down 13%, gold down 4.5% from pre-NFP levels after jobs data, ahead of Fed review.

Mar 17, 2015

Euro inches upward thanks to eurozone sentiment index

Eurozone's ZEW economic sentiment index improved to 62.4 from 52.7 in February when the consensus was 58.9.

Mar 17, 2015

Australian dollar holds six-year low after RBA minutes, headed to $0.70

RBA board members are of the view that the need for further rate cuts will emerge.

Mar 17, 2015

India wholesale price deflation accelerates much more than expected

The WPI index fell 2.09% compared to the 0.39% drop in January and market consensus of around 0.7% fall.

Mar 16, 2015

Israel: Deflation at eight-year high and shekel at 30-month low ahead of elections 2015

CPI rate drops to -1.0 in February, its lowest since early 2007..

Mar 16, 2015

Central banks watch: FOMC, Janet Yellen in focus with SNB, BoJ, Norway to set rates; BoE, RBA to release minutes

Indonesia, Iceland, Turkey, Chile and Columbia are also scheduled to set rates.

Mar 14, 2015

Precious metals wrap: Dollar rally pushes platinum to six-year low, gold and silver near five-year lows

Palladium too falls but is keeping broad uptrend on strong fundamentals.

Mar 14, 2015

Gold

Canadian dollar hovers near six-year low as jobs data disappoint

The employment change was slightly better than expected, but the unemployment rate has risen to a five-month high.

Mar 13, 2015

Russia's ruble holds two-month low ahead of CBR rate decision

Russia's key rate stands at 15% after the 200 basis points cut in January.

Mar 13, 2015

Russia

IMF managing director Christine Lagarde to visit India and China

China, the world's second largest economy and India, the third largest in Asia, are two important growth drivers in the world.

Mar 13, 2015

IMF

Technical analysis: Levels to watch for EUR/USD in short term

In February, consumer prices accelerated as expected in Germany, while it quickened faster than expected in France.

Mar 12, 2015

Fifty-thousand-won notes are piled up after being counted at a bank in Seoul

South Korea cuts interest rate to record low while New Zealand holds

Bank of Korea cuts base rate to 1.75% while RBNZ leaves OCR at 3.5%.

Mar 12, 2015

Australian dollar holds six-year low after employment data with USD index breaking 100

AUD/USD is at a crucial support with the medium term downward channel support and the long term trend line just about to meet.

Mar 12, 2015

Pound holds one-month low after industrial output data, Mark Carney's speech in focus

BoE member Martin Weale speaks later in the day, and the BoE governor on Thursday.

Mar 11, 2015

Euro just over half a cent away from parity vs dollar, USD index almost at 100

Down another 637 pips, euro will equal dollar in value, and the dollar index is just one point below 100.

Mar 11, 2015

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