Articles by Boby Michael

Email : editor@ibtimes.sg

Euro, loonie major losers, yen, kiwi gainers as dollar stabilises

Euro is headed south for 14-year low, yen north to 100/dollar if trends remain.

Feb 7, 2017

Australian dollar rises after RBA policy, at 21-month high vs euro

The RBA left policy rates unchanged but said that inflation will pick up during this year.

Feb 7, 2017

New Zealand dollar rallies to 5-month high on inflation expectations ahead of RBNZ meet

Analysts now predict a rate hike in 2018 though the central bank had forecast to keep rates until end of 2019.

Feb 7, 2017

Canadian dollar down ahead of trade, PMI data as Trump's NAFTA comments weigh

If traders prefer to bet more on the loonie downside, USD/CAD can soon rise to levels above 1.3500 from the current 1.30 region.

Feb 7, 2017

Gold up to 12-week high as slow wage inflation reduces Fed hike chances, palladium near 6-year peak

Silver and platinum too are trading near multi-month highs.

Feb 6, 2017

Euro falls most among majors amid mixed cues from Germany, EUR/USD parity back in focus

Technically, the euro is more poised to the downside rather than the upside despite a slight uptrend in place since January.

Feb 6, 2017

Aussie dollar off 12-week high vs greenback as retail sales data disappoints, NZD up

Retail sales in Australia unexpectedly fell 0.1% month-on-month in December when analysts had been expecting a 0.3% gain.

Feb 6, 2017

Indonesian rupiah in tight range vs USD ahead of Q4 GDP data, Trump concerns remain

USD/IDR slipped to 13,335 on Friday from the previous close of 13,398, and the gain in the rupiah was well within the 13,200-13,450 per dollar range, in place since January.

Feb 5, 2017

Trump enacts fresh sanctions on Iran to punish its ballistic missile program

The US Treasury Department said it has enacted new sanctions on 25 firms or individuals connected to Iran's ballistic missile program.

Feb 4, 2017

Russia leaves rates; says more cuts unlikely this year as inflation risks curbed, growth getting stable

The CBR said Russia will near its 4% inflation target and the annual GDP rate will get back to the positive zone this year itself.

Feb 3, 2017

China hikes short-term money market rates unexpectedly

The PBOC raised the 7-day, 14-day and 28-day reverse repurchase agreements by 10 basis points each to 2.35%, 2.5% and 2.65% respectively.

Feb 3, 2017

Singapore economy expands by 1.8 per cent in Quarter 1

Private sector business conditions weaker in Singapore and Hong Kong: IHS Markit survey

The Singapore PMI dropped to a three-month low of 51.6 in January and Hong Kong's fell to 49.9 from 50.3.

Feb 3, 2017

Singapore SIPMM manufacturing PMI rises to 26-month high, SGD rises

The Manufacturing PMI increased to 51 in January of 2017 from 50.6 in the previous month.

Feb 3, 2017

Vietnam inflation accelerates to 3-year high; currency drops to 1-month low

The CPI inflation rose to 5.22% from a year earlier, its highest since January 2014, and sharply higher than 2016 December's 4.74%.

Feb 2, 2017

2 Singaporeans charged in Australia for dealing with criminal proceeds

Aussie dollar surges to 11-week high vs USD as trade surplus balloons to record curbing recession fears

The rising surplus is expected to aid a 0.2-0.4% expansion in GDP, and hence revive hopes of rating upgrade and curb the fears of technical recession.

Feb 2, 2017

PMI Summary: Emerging Asia manufacturing conditions improve

India, Indonesia and Myanmar manufacturing PMI have risen past the 50-mark in January with the Myanmar reading hitting a 12-month high.

Feb 1, 2017

Asian currencies drop on Yellen comments

Asian currencies down as dollar stabilised after previous day's decline; stocks, data mixed

The Singapore dollar weakened to 1.4140/US dollar from 1.4092, pulling back off the near three-month high of 1.4069 touched on Wednesday.

Feb 1, 2017

India's GDP growth seen affected up to 0.5% due to demonetisation: Econ Survey

The survey, which has come a day ahead of the Union Budget for the 2017-18 fiscal year, has projected a GDP growth of 6.75-7.5%.

Jan 31, 2017

Korean won near 2-month high after BoK keeps rates to boost growth, on dollar slide

Technically, USD/KRW is testing support at 1150 and the next levels to watch are 1136 and 1118 ahead of 1089, the September 2016 low.

Jan 31, 2017

Asia stocks rise before central bank meetings, oil bounces

Asian stocks slide, gold rises on Trump policy negatives; BoJ leaves rates

Nikkei 225 traded 1.4% down and STI down 0.95% at 10:55 am Singapore time while Malaysia's KLSE fell 0.5% and South Korea's KS11 dropped 0.4%.

Jan 31, 2017

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