Articles by Boby Michael

Boby Michael

Email : b.michael@ibtimes.co.uk

South Korean won bundles

Korean won strengthens as inflation at 16-year low boosts hope of rate cut

Markit manufacturing PMI for March dips too, to contraction zone.

Apr 1, 2015

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

Euro holds on to Asia gains as Swiss franc climbs against dollar

Markit PMI for March came in better than expected for eurozone, Germany, France and Italy.

Apr 1, 2015

Australian dollar

Aussie dollar bounces from near multi-year low on greenback weakness after China PMI

China NBS PMI up for manufacturing, down for services.

Apr 1, 2015

Construction workers in Manila

The Philippines to grow 6.7% in 2015 helped by lower commodity prices, fundamental strength: IMF

Risks are mainly external with policy uncertainty in the developed world.

Apr 1, 2015

Canadian dollars

Canadian dollar back near six-year low on hawkish US signals

US consumer confidence index has rebounded in March against the consensus of a further drop.

Mar 31, 2015

Angola central bank

Angola increases rates as inflation rises while Romania cuts

Angola raised the rate by 25 basis points to 9.25% when Romania lowered it to 2% from 2.25%.

Mar 31, 2015

Danish krone

Danish krone falls v dollar and pound amid mixed data

Danish unemployment has jumped in February while GDP growth rate surprised on the higher side.

Mar 31, 2015

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

Euro falls across the board as data disappoint, pound fares better on GDP surprise

Jobs data from Italy and for entire Eurozone was weaker than expected while UK Q4 GDP has been revised upward.

Mar 31, 2015

Pound notes

Pound falls despite better than expected GfK data as dollar rallies ahead of GDP

The USD index has risen to an 11-day high, moving up from last week's three-week low.

Mar 31, 2015

US Dollars

Central banks watch: Fed officials including Janet Yellen in focus next week as ECB to meet and Romania to set rates

Janet Yellen is scheduled to speak this week as well.

Mar 29, 2015

European Central Bank

US Federal Reserve Headquarters

Hawkish Fed remarks fail to prevent dollar from closing down on week amid mixed data

The USD index ended last week 0.53% down extending the 2.4% drop of the previous week.

Mar 28, 2015

Saudi Arabia air strikes Yemen

Crude prices off multi-week high on dollar strength but Yemen conflict continues to support

End of the week profit booking also pushes oil prices down but upward channel since mid-January is back in focus opening doors to new highs.

Mar 27, 2015

Mexican peso

Mexican peso turns south again after rates left unchanged

More hawkish signals from the US will soon see the peso at new lows.

Mar 27, 2015

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

Euro and pound off highs as better US data and Fed comments strengthen dollar; BoE chief Mark Carney's speech awaited

More important US data and comments by Fed's Stanley Fisher and Janet Yellen are due.

Mar 27, 2015

Swedish krona

Swedish krona at three-week high against dollar after strong data, but down against euro and pound

Factory gate inflation in Sweden quickened to 1.9% y/y in February from 0.2% a month ago.

Mar 26, 2015

An employee inspects U.S. dollar bills before changing it to Philippine Pesos inside a money changer in Manila

Philippine's peso at two-month low ahead of BSP rate decision

The market consensus is for a hold of the current 4% rate.

Mar 26, 2015

Gold Prices Outlook

Gold jumps to near three-week high as dollar weakens on data, Fed comments

Durable goods orders data disappointed and Chicago Fed president Charles Evans comments were dovish.

Mar 25, 2015

Pound notes

Pound up vs dollar, yen after BBA data but at one-month low against euro on German Ifo

Chicago Fed's Charles Evans said low inflation would make a rate hike this year risky.

Mar 25, 2015

Euro notes

Euro weakens ahead of German IFO, US durable goods data

If forecasters prove right, euro will rise to new highs later in the day.

Mar 25, 2015

Gold and silver bars

Gold and silver off day's highs after higher than expected US inflation

US core CPI at 1.7% y/y in March vs 1.6% in February, consensus 1.6%.

Mar 24, 2015

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