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5 Aug 2013

Flash: AUD bearishness close to record levels - Scotiabank

FXstreet.com (Barcelona) - Camilla Sutton, Chief Currency Strategist at Scotiabank notes that AUD bearishness is close to record levels.

Key Quotes

“Bearish sentiment is near record levels as investors remain reluctant to build long positions ahead of the RBA, given expectations for easing.”

“The continued decline in AUD also leaves bearish investors comfortable with the record size of their position.”
Aug 5, 2013

EMU: Annual Retail Sales drop 0.9% in June

Eurostat informed on Monday that year-over-year Eurozone Retail Sales fell 0.9% in June, compared with the 0.3% increase in May and above forecasts of -1.2%.
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Aug 5, 2013

EUR/CHF edges higher in range

Having made an overnight high at 1.2348, EUR/CHF sold off overnight to post a low at 1.2325 before finding support.
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