Saturday 21 February 2015

CFTC COT data of Feb 17th 2015 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 170627, spreads 1630 (1.0%).  Closing price Feb 17th 1.5350 
  Nett differences:  Commercials  +41305 (frpm +54486)  Large Specs -28798 (from -38603)
                              Small Specs -12507 (from -15883)

  Proportions:

 Commercials (51.9% of total o/i) - 
  64.2% of Longs (from 69.6%), 39.7% of Shorts (vs 38.4%), balance plus 24.4 (vs plus 31.2)
 Large Specs (34.0% of total) - 
   25.4% of Longs (from 21.1%), 42.5% of Shorts (vs 43.2%), balance minus 17.0 (vs minus 22.1)   

  Small Specs (14.1% of total) - 
  10.4% of Longs (from 9.3%), 17.8% of Shorts (vs 18.4%), balance minus 7.4 (vs minus 9.1)
 

Commercials have cut longs and added to shorts, while Large Specs done the reverse. Small Specs have only a very small share of the total open position at present, and can probably be disregarded as a factor. The main trend thus appears to remain upward.

 
Dollar Index: Total o/i 115630, spreads 3779 (3.2%). Closing price Feb 17th 94.11
 

Nett differences:  Commercials -86382 (from -88269)  Large Specs +66062 (from +68938)
                              Small Specs +20320 (from +19331)
Proportions -

 Commercials (50.2% of total o/i) - 11.6% of Longs (from 10.5%), 88.8% of Shorts (vs 89.7%), balance minus 77.2 (vs minus 79.2)

 Large Specs (39.0% of total) - 68.5% of Longs (from 70.6%), 9.5% of Shorts (vs 8.7%), balance plus 59.0 (vs plus 61.9) 
  Small Specs (10.8% of total) - 19.9% of Longs (from 18.9%), 1.7% of Shorts (vs 1.6%), balance plus 18.2
 (vs plus 17.3)

Commercials have added to longs and left shorts around unchanged, while Large Specs have done the reverse. Small Specs have again added to nett longs - not normally bullish for the Dollar. 

No comments:

Post a Comment