The statement said that ANZ had withdrawn funding for Whitehaven's proposed Maules Creek mine due to "reputational risks and analysis of the returns on this mine in the current climate of high volatility in the coal export market".
The factor builder returns the answer that trend-following has not been particularly efficient when cross applied to FX assets in general (though you can data mine to make it look good as most technical analysis books do).
With the latest technology, says Cho, the bank can measure the profitability of every branch employee and customer, mine its customer database and run sophisticated risk-management and credit-analysis programs.