Saturday 16 August 2014

COT data of Aug 12th 2014 - British Pound [BP]

British Pounds - Total o/i 223719, spreads 2226 (1.0%).  Closing price Aug 12th 1.6810 (latest [Friday] 1.6690)
 
Nett differences:  Commercials -23466 (from -20209)  Large Specs +18799 (from +12121)  Small Specs +4667 (from +8088)   
 
Proportions:    
Commercials (62.3% of total o/i) -
57.0% of Longs (from 56.4%), 67.6% of Shorts (vs 65.3%), balance minus 10.6 (vs minus 8.9)

Large Specs (25.3% of total) -
29.5% of Longs (from 29.3%), 21.0% of Shorts (vs 24.0%), balance plus 8.5 (vs plus 5.3)

Small Specs (12.4% of total) -
13.5% of Longs (from 14.3%), 11.4% of Shorts (vs 10.7%), balance plus 2.1 (vs plus 3.6) 
 
Total open interest continued to decline. Commercials started adding to shorts again, although only marginally; Large Specs took profits on shorts, while staying overall long - although only minimally. Small Specs remained long, but even less so than previously. No extremes, so no significant signals - it seems Wednesday's price fall came as something of a surprise.
 
[Total open interest on the Dollar Index rose again, although nett differences showed very little change. Large Specs continue to hold around 65% of the total, and remain quite long. Commercials were barely changed. Proportional balances: Commercials minus 38.0 (from minus 39.1), Large Specs plus 28.4 (from plus 29.8), Small Specs plus 9.6 (from plus 9.3). No particular signals this week. ]

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