Comments on: Friday clean-out as asset managers sell Anzacs https://fxww.com/friday-clean-out-as-asset-managers-sell-anzacs/ The Professional Source Thu, 18 Jul 2013 04:21:06 +0000 hourly 1 By: Sean Lee https://fxww.com/friday-clean-out-as-asset-managers-sell-anzacs/#comment-20850 Fri, 17 May 2013 02:30:20 +0000 http://381c099c8f.nxcli.net/?p=7737#comment-20850 Yes I read same yesterday, think it was UBS, but I wouldn’t worry Schubes just yet, took the asset managers a long time to build up their positions so there could be still a lot more to come. No sign of any bounce at all in AUD and even this am we are seeing more asset manager selling so just wait until some strong basing signs emerge; that’s what I’m doing anyways

]]> By: Schubes https://fxww.com/friday-clean-out-as-asset-managers-sell-anzacs/#comment-20849 Fri, 17 May 2013 02:24:21 +0000 http://381c099c8f.nxcli.net/?p=7737#comment-20849 I’m short Aussie against the Dollar, Euro and Kiwi, so this is the talking the opposite of my book, but I just noticed acounterpoint from Eamonn Sheridan, which I found interesting, nevertheless.

Just hearing that an investment bank is reporting its flows last week showed selling of AUD by investment managers was the second-largest on record.

Makes me think that if that was the case then where does the next wave of selling come from, how big can it be, and when? Makes me think we should now be on the watch out for signs of a bottom in AUD and looking for a more sustained bounce.

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