Wednesday 31 December 2014

COT data of Dec 23rd 2014 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 141455, spreads 2773 (2.0%).  Closing price Dec 23rd 1.5520

  Nett differences:  Commercials  +31582 (from +27092)  Large Specs -15233 (from -14552)
                              Small Specs -16349 (from -12540)
  
  Proportions:
 Commercials (50.5% of total o/i) - 
  61.9% of Longs (from 59.6%), 39.1% of Shorts (vs 39.6%), balance plus 22.8 (vs plus 20.0)
 Large Specs (31.9% of total) - 
  26.4% of Longs (from 28.0%), 37.4% of Shorts (vs 38.7%), balance minus 11.0 (vs minus 10.7)   
  Small Specs (17.6% of total) - 
  11.7% of Longs (from 12.4%), 23.5% of Shorts (vs 21.7%), balance minus 11.8 (vs minus 9.3) 
 
No dramatic changes, proportionately - Commercials added to longs and reduced shorts, Large Specs reduced both (going slightly shorter on balance), and Small Specs reduced longs and added to shorts. Conclusion (incorporating holiday conditions): quietly steady.
 
Dollar Index: Total o/i 94321, spreads 1268 (1.3%). Closing price Dec 23rd 90.36

Nett differences:  Commercials -61327 (from -46299)  Large Specs +47932 (from +31964)
                              Small Specs +13395 (from +14335)
Proportions -
Commercials (42.6% of total o/i) - 9.6% of Longs (from 10.4%), 75.5% of Shorts (vs 64.2%), balance minus 65.9 (vs minus 53.8)
Large Specs (49.0% of total) - 74.7% of Longs (from 71.6%), 23.2% of Shorts (vs 34.5%), balance plus 51.5 (vs plus 37.1) 
 Small Specs (8.4% of total) - 15.7% of Longs (from 18.0%), 1.3% of Shorts (vs 1.3%), balance plus 
 14.4 (vs plus 16.7)

Head to head battle building between Large Specs (Long) and Commercials (Short) ... Last time this happened (late Oct), the Large Specs came out on top ...

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