Thursday 10 July 2014

COT data of July 1st 2014 - British Pound [BP]

British Pounds - Total o/i 255911, spreads 2455 (1.0%).  Closing price July 1st 1.7150
 
Nett differences:  Commercials -75297 (from -68896)  Large Specs +56412 (from +49751)  Small Specs +18885 (from +19145)   
 
Proportions:   
Commercials (59.1% of total o/i) -

44.2% of Longs (from 45.6%), 73.9% of Shorts (vs 72.9%), balance minus 29.7 (vs minus 27.3)

Large Specs (28.3% of total) -

39.4% of Longs (from 38.9%), 17.2% of Shorts (vs 19.2%), balance plus 22.2 (vs plus 19.7)

Small Specs (12.6% of total) -

16.4% of Longs (from 15.5%), 8.9% of Shorts (vs 7.9%), balance plus 7.5 (vs plus 7.6) 
 
Commercials reduced longs, added to shorts; Large Specs added to longs, and reduced shorts (considerably).Small  Specs added to both longs and shorts, leaving their balance around unchanged. Our view remains unchanged (with apologies for the delay in expressing it). 

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