Articles by Boby Michael

Boby Michael

Email : b.michael@ibtimes.co.uk

A bank employee gathers Thai baht notes at Kasikornbank in Bangkok.

Thai baht rallies to four-month high as government tightens grip over political protests

The baht is set to end for the second straight month higher, distancing further off the near two-year low of December.

Feb 26, 2015

A man holds the new Canadian 100 dollar bill made of polymer in Toronto.

Canadian dollar distances further off six-year low on weak US data

Better risk sentiment after Yellen remarks and China data also helped the Canadian unit.

Feb 25, 2015

Euro, pound and dollar

Pound snaps seven-month losing streak vs dollar; EUR/GBP at seven-year low

In February, Sterling was up 3% vs dollar, climbs to 2.5% vs euro.

Feb 25, 2015

Arun Jaitley and Narendra Modi

Moody's stresses India's need for reforms and not GDP revisions ahead of Budget 2015-16

Despite technical revisions, ratios for government finances, private external leverage and bank asset quality continue to pose sovereign credit risks to the country.

Feb 25, 2015

Australian dollar

Aussie dollar climbs to one-month high as China HSBC manufacturing PMI rises

China HSBC manufacturing PMI has risen to a four-month high in February.

Feb 25, 2015

Brent crude spot daily

Oil remains below last week's highs but broader uptrend intact

A break of $63 will open doors to $67 and then $77.

Feb 24, 2015

Euro notes

Euro down after German data; eurozone final HICP and Draghi speeches in focus

Draghi's speeches will be watched with euro headed for a retest of last month's multi-year low.

Feb 24, 2015

NZD Notes

NZ dollar falls across the board as inflation expectations decline

One-year ahead CPI expectations decreased from 1.59% to 1.11% and the two-year series decreased from 2.06% to 1.80%.

Feb 24, 2015

Shekel

Israel's rate cut shock continues to weigh on shekel, now 1.5% off recent two-month high

Deepening deflation and appreciating currency triggered rate cut, Bank of Israel says.

Feb 24, 2015

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

Euro falls on disappointing German Ifo data

Ifo survey report said satisfaction with the current business situation decreased in February.

Feb 23, 2015

USD/SGD Monthly

Singapore dollar holds near 4-1/2-year low as deflation deepens

Continued downward plunge in consumer prices, reflecting deflation, has impact on Singapore dollar.

Feb 23, 2015

Hungary forint

Hungarian forint best performer in region in February

Forint is up 2.5% this month, zloty up 1%, Danish and Icelandic units up 0.5%.

Feb 23, 2015

Indian rupee currency notes

Indian rupee defends 64/$ ahead of 2015-16 federal budget

Forex market factoring in reform-rich budget from Prime Minister Narendra Modi.

Feb 23, 2015

Major currencies and dollar

Central banks watch: Yellen and Draghi to speak, Turkey, Israel, Hungary, Egypt, Albania, Kenya and Angola to set rates

Fed Chair Yellen's Congress testimony is the main event followed by Draghi's speech.

Feb 23, 2015

Columbia central bank

Columbian peso near six-year low ahead of rate decision

Consensus is for the rate to be held at 4.5%.

Feb 20, 2015

German manufacturing

Eurozone PMI summary: Services strengthens but manufacturing weakens

Services PMIs have risen to multi-month highs for France, Germany as well as Eurozone.

Feb 20, 2015

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

Euro falls as manufacturing cues as well as Greece disappoint

Worse-than-expected German PPI also weighed on the euro.

Feb 20, 2015

Ukrainian Hryvnia

Ukrainian hryvnia falls to record low as fighting intensifies

Ukraine's currency had fallen 47% in 2014 and added another 40% in February alone.

Feb 20, 2015

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

Gold and silver: Fed minutes fundamentally boost technical bounce

Gold and silver bounce off channel supports amid FOMC minutes.

Feb 19, 2015

Brent crude spot daily

Crude off two-month low on higher US stocks, but yet to break near term support

Brent crude has to fall through $52.4 to confirm the reversal of the uptrend since last month.

Feb 19, 2015

Federal Reserve

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