Author: FX

(Reuters) – ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday as it sought to address regulatory woes surrounding its oversight of certain operations. ANZ, which will report its annual results on Nov. 8, is currently being probed following media reports that the bank’s bond trading department was suspected of overstating its role in a 2023 government bond issuance that allegedly cost Australian taxpayers. The country’s No. 3 lender will consolidate its operations into a single unit, led by a new executive team that will oversee…

Data released by the Australian Bureau of Statistics (ABS) showed consumer price increases decelerated from 1.0% to 0.2% in Q3 2024 against market expectations of a 0.3% reading. On an annual basis, Q3 CPI dropped from 3.8% to 2.8%, above the midpoint of the Reserve Bank of Australia’s (RBA) 2% – 3% inflation target. ABS cited “significant falls” in electricity and fuel costs as the driver for slower inflation. The slowdown was driven by a 17.3% drop in electricity prices due to the government’s subsidies, while petrol fell 6.2% in the quarter. The report further noted that Recreation and culture…

Is there a chance the Bank of Japan (BOJ) can sound more upbeat in this week’s policy statement? Or will currency jawboning outweigh any cautious remarks policymakers may have? Check out these potential breakouts setups I’m watching on NZD/JPY and CHF/JPY in case the Japanese central bank seems less dovish. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The Bank of Japan (BOJ) starts its two-day meeting today! If Japan’s recent economic data are any clue, BOJ members may have less room to maintain their hawkish biases. But our Event Guide for the BOJ October Decision also points out that Gov. Ueda and his team can’t maintain uber-dovish biases either. Instead, we may see weaker growth and inflation projections, which could drag the Japanese yen lower against its major counterparts. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event…

Market correlations appeared to be out of sync in the latest trading sessions, as crude oil had its own thing going while U.S. equities reacted to earnings data. Gold advanced more than 1% for the day while BTC/USD cruised to fresh all-time highs at the $73,000 levels. Which headlines and economic updates are driving price action? Headlines: Japan’s unemployment rate improved from 2.5% to 2.4% (2.5% forecast) in Sept German GfK consumer climate improved from -21.0 to -18.3 in October, September reading revised from -21.2 U.K. BRC shop price index dipped from -0.6% y/y to -0.8% y/y in October; Shop…

The Australian Dollar remains steady after a release of lower-than-expected CPI data on Wednesday. The monthly Australian CPI rose by 2.1% YoY in September, coming in below the expected 2.3% and previous 2.7% readings. The US Dollar may appreciate due to market caution persisting amid uncertainty surrounding the US presidential election and US data. The Australian Dollar (AUD) holds ground against the US Dollar (USD) despite lower-than-expected Australia’s third-quarter Consumer Price Index (CPI) data released on Wednesday. The upside of the AUD could be attributed to the hawkish sentiment surrounding the Reserve Bank of Australia’s (RBA) regarding its policy outlook. The Australian Bureau…

Will the Bank of Japan (BOJ) sit on its hands for yet another meeting? Pressure seems to be coming from the political and economic fronts for policymakers to support growth while preventing excessive FX moves. Here’s what markets are expecting for the upcoming central bank announcement! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Ever felt lost in the sea of charts and squiggly lines that dominate the world of trading? You’re not alone. Technical analysis, the art of deciphering price movements to forecast future trends, can be a daunting task for beginners. But fear not, intrepid trader! There’s a powerful tool waiting to be unleashed in your MetaTrader 5 (MT5) arsenal: the Supply and Demand Zones MT5 Indicator. This guide will be your compass, navigating you through the intricacies of this indicator and empowering you to identify crucial turning points in the market. Buckle up, and let’s embark on a journey to understand…

Goldman Sachs Research anticipates a bullish outlook for gold, projecting prices to reach $2,900 per ounce by early 2025, up from a prior forecast of $2,700. This optimism is largely attributed to a surge in gold purchases by central banks, especially in emerging markets. Traditionally, gold prices align closely with interest rate trends—lower rates often boost gold’s appeal as a non-yielding asset. However, significant central bank buying since 2022 has shifted this dynamic, with Goldman estimating that an additional 100 tonnes of physical gold demand can lift prices by around 2.4%.This surge in demand is partly driven by a desire…