Saturday 26 July 2014

COT data of July 22nd 2014 - British Pound [BP]

British Pounds - Total o/i 241155, spreads 3419 (1.4%).  Closing price July 22nd 1.7065
 
Nett differences:  Commercials -44883 (from -60291)  Large Specs +27497 (from +38770)  Small Specs +17386 (from +21521)   
 
Proportions:    
Commercials (62.8% of total o/i) -
53.3% of Longs (from 48.9%), 72.2% of Shorts (vs 72.8%), balance minus 18.9 (vs minus 23.9)

Large Specs (24.4% of total) -
30.2% of Longs (from 34.1%), 18.6% of Shorts (vs 18.7%), balance plus 11.6 (vs plus 15.4)

Small Specs (12.8% of total) -
16.5% of Longs (from 17.0%), 9.2% of Shorts (vs 8.5%), balance plus 7.3 (vs plus 8.5) 
 
Considerable change this week - Commercials added to longs, while Large Specs reduced theirs. Small  Specs reduced longs a litle, and added to shorts, but only marginally in both cases. It seems that (if one follows the lead of the Commercials) some further softening may be seen, but not to any major extent. 

[Dollar Index showed no major change from the previous week; Commercials still short, although once again slightly less so than previously (balance now minus 44.7): Specs long (balances - Large plus 33.8, Small plus 10.9). Seems the recent bull trend is likely to continue.] 

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