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Key Developments ANZ and BNZ posted record-breaking profits, fueling concerns over banking competition. Finance Minister Nicola Willis previously vowed to take action against high bank profits but is now considering rolling back capital requirements. The Reserve Bank’s 2019 capital requirement decision is under scrutiny, with some arguing it raises costs for borrowers. Critics, including former […]

The post New Zealand’s Banking Debate vs. NZDJPY appeared first on Action Forex.

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30/10/2024

EU Walking the Tariff Talk Against Chinese Electric Vehicles.

Markets UK gilts underperformed yesterday. Yields with maturities ranging from the 2-yr (+5.1 bps) to the 10-yr (+6.1 bps) all hit five month and post-election highs. The spring Budget, due to be presented later today, is a key moment for the new Labour government and for markets. UK debt sales are expected to rise to […]
29/07/2024

USDJPY Struggles to Reclaim 20-Period SMA

USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a tough battle rages around the 20-period simple moving […]
01/11/2024

AUDUSD Holds Near August Lows: US Dollar Pressure Remains Strong

The AUD/USD pair fell to 0.6566 on Friday, marking its lowest since early August. The US dollar continued to strengthen last night, bolstered by signs of resilience in the US economy. Additionally, investors hold significant expectations for Donald Trump’s success in the upcoming presidential election next week. Meanwhile, an unexpected improvement in Chinese manufacturing activity […]