Articles by Boby Michael

Email : b.michael@ibtimes.co.uk

Stacks of Swiss franc, Euro and U.S. dollar banknotes

Swiss franc at one-month low against majors ahead of trade data

The franc has corrected the most against the UK pound, down 9% from 15 January close.

Feb 19, 2015

Pound bounces back to 6-week high after BoE minutes, employment data

UK unemployment rate fell in December quarter and jobless claims fell more than expected in January.

Feb 18, 2015

Toll Holdings shares rise to five-year high after Japan Post's $5.1bn takeover bid

The combined entity will be the world's fifth largest logistics company.

Feb 18, 2015

Japan

Malaysian ringgit weakens as inflation rate falls to five-year low

USD/MYR recently made two attempts to break below the 50-day simple moving average, but failed.

Feb 18, 2015

Yen up as BoJ leaves policy unchanged, but better Greek situation may curtail demand

Yen was down across the board on Tuesday, and if the situation in Greece improves further, the currency could fall to new lows.

Feb 18, 2015

Pound off six-week high ahead of consumer price inflation data

UK inflation forecast to be lower than previous month as Greek bailout issue weighs on market.

Feb 17, 2015

RBA minutes: Another cut in cash rate likely, taking it to 2% by end-2015

Lower oil prices will boost growth in many trading partners of Australia but China slowdown will offset positive effects, RBA says.

Feb 17, 2015

$Nigeria\'s acting President Goodluck Jonathan$

Nigeria's naira falls past 200 against dollar to new record low

Nigerian currency has fallen 7% so far this month and nearly 20 since currency devaluation in November.

Feb 16, 2015

Boko Haram

New Zealand dollar up to three-week high on better retail sales data

The Kiwi dollar which had fallen 6% after Q4 inflation data, now up 5% off the low.

Feb 16, 2015

India's wholesale price deflation deepens in January

Rupee showed weakness but shares remained firm after the data.

Feb 16, 2015

India

Japan expands less than expected in Q4, yen at 10-day high, all eyes on BoJ

Japanese GDP advanced 0.6% in December quarter after registering 0.6% and 1.9% contraction rates in Q3 and Q2.

Feb 16, 2015

Japan

Central banks watch: FOMC, BoE, RBA minutes to be in focus while Japan, Indonesia and South Korea to set rates

FOMC's thinking about recent inflation and labour data mix will be keenly watched.

Feb 14, 2015

Technical analysis: Gold confirms near term downtrend with firm dollar, while $1200 remains key

Break below $1200 can lead to fresh multi-year lows.

Feb 13, 2015

Gold

Technical analysis: Pound breaks key short term resistance ahead of CPI, MPC minutes week

GBP/USD is now aiming 1.5486, a break of which opens up 1.5621 ahead of 1.5827.

Feb 13, 2015

Euro rises to one-week high on German GDP data and ahead of Eurozone numbers

The pair had ignored German deflation and rallied on the back of weak US retail sales data.

Feb 13, 2015

Swedish kronor falls to multi-year lows vs majors as Riksbank cuts repo rate to below zero

Sweden also announced quantitative easing worth SEK 10bn and promised more if required.

Feb 12, 2015

Pound firmer above $1.50 after BoE inflation report, headed for 1.5500

BoE raised two-year inflation view to 1.96% from 1.8% in the November report and to 2.15% in three years from 1.95%.

Feb 12, 2015

India rupee at one-month low on outflow woes

USD/INR may fall within upward channel to 62.15 before pushing back up to new highs near 63.0

Feb 12, 2015

Malaysian ringgit falls closer to six-year low after surprise power tariff cut

Fourth quarter GDP data surprised on the higher side, but failed to help the ringgit recover.

Feb 12, 2015

Aussie dollar plummets as weaker-than-expected jobs data increase rate cut chances

The unemployment rate is at its highest since 2002.

Feb 12, 2015

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