Articles by Boby Michael

Boby Michael

Email : b.michael@ibtimes.co.uk

USD/IDR Daily

Indonesia growth rate stays at five-year low, rupiah remains weak and shares fall

On a quarterly basis, growth has contracted 2% in Q4 after expanding 3% in Q3.

Feb 5, 2015

USD/RUB Daily

Russian rouble rises on crude oil bounce but weak data limits gains

The rouble has come off 11% from last week's low but fundamental as well as technical challenges remain.

Feb 4, 2015

Major currencies and dollar

Oil rebounds weakening dollar and strengthening euro, pound and commodity currencies

Dollar is off 2.3% from the recent 12-year high while the spot Brent is up 30% from the recent multi-year low.

Feb 4, 2015

Construction site in Bangkok, Thailand.

Thailand's growth outlook hampered by weakening demand and political uncertainty: IMF

Further monetary easing is possible in case recovery doesn't pick up pace.

Feb 4, 2015

Pound notes

Pound up on construction PMI but further gains unlikely ahead of BoE meeting

Sharper gains in Streling are unlikely as the market is waiting for BoE policy review on Thursday.

Feb 3, 2015

USD/CNY Weekly

Technical analysis: Chinese yuan headed for 6.35/dollar

USD/CNY is testing a key resistance and needs to pass 6.28 and 6.30 ahead of 6.35.

Feb 3, 2015

Indian shares down and rupee weakens after RBI leaves rates unchanged

BSE Sensex sheds 0.5% while rupee loses 0.33% against dollar following RBI decision.

Feb 3, 2015

RBA Governor Glenn Stevens

RBA cuts cash target rate to record low sending Aussie dollar near six-year low

Central bank says Aussie dollar remains above its fundamental value.

Feb 3, 2015

Pakistan rupee

Pakistan's rupee falls to two-month low as inflation eases further

Annual inflation rate falls to a multi-year low in Pakistan in January.

Feb 2, 2015

Pound sterling

Pound drops despite rising PMI as disinflation woes continue to weigh

Analysts think the BoE will be forced to push back rate hike date given the sharp slide in price pressures.

Feb 2, 2015

Eurozone falls into deflation

Eurozone PMI summary: Analysts expect lower euro and crude price to boost growth

Italy PMI rises to four-month high, French to eight-month high and German stayed just above 50.

Feb 2, 2015

European Central Bank

Thai baht

Thailand dips to deflation but core inflation rises, baht strengthens

USD/THB fell to 32.65 from 32.78 on Monday, close to last week's low of 32.49.

Feb 2, 2015

Russian ruble

Ruble dips as Russia slashes key interest rate by 2%

Russian ruble is down 15% so far this month.

Jan 30, 2015

Palestinian President Mahmoud Abbas addresses the 69th United Nations General Assembly at the United Nations Headquarters in New York.

IMF: Palestine economy's future hinges on clearance revenue transfer by Israel

Clearance revenue withheld by Israel represents about two-thirds of net revenues of Palestine.

Jan 30, 2015

Stacks of Swiss franc, Euro and U.S. dollar banknotes are displayed in a bank in Bern August 15, 2011.

Swiss franc best performer in January and Canadian dollar the worst

Pound, euro as well as New Zealand and Australian dollars take a hit.

Jan 30, 2015

European Central Bank

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

Swiss franc sees major currencies stage comeback but euro struggles

Swiss franc has pared a good portion of its SNB-driven big gains but euro is weaker among majors in the correction.

Jan 29, 2015

USD/PHP Weekly

Philippine's peso near four-month high as Q4 GDP growth beats forecast

As long as 44.30 is held, the peso is likely to strengthen to 43.50 before a rebound.

Jan 29, 2015

Reserve Bank of New Zealand

New Zealand dollar sinks to 4-year low on RBNZ concern over deflation risks

Reserve Bank of New Zealand says while 3% growth is supported by rising construction activity, there are downside risks.

Jan 29, 2015

Swedish krona

Swedish krona up as country swings to trade surplus in December

December saw a trade surplus of 0.4bn krona, compared with a deficit of 0.2bn krona a year earlier.

Jan 27, 2015

Pound notes

Pound falls as UK GDP growth slows to 0.5% in fourth quarter

GDP numbers show that UK will take longer to start hiking rates.

Jan 27, 2015

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