CFTC COT data of Apr 7th 2015 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 185219, spreads 2006 (1.1%).  Closing price Apr 7th 1.4815

 
  Nett differences:  Commercials  +51598 (from +55619)  Large Specs -343013 (from -36630)
                              Small Specs -17297 (from -18989)

  Proportions:

 Commercials (57.1% of total o/i) - 

  71.2% of Longs (from 72.7%), 43.0% of Shorts (vs 41.8%), balance plus 28.2 (vs plus 30.9)

 Large Specs (29.9% of total) - 

   20.5% of Longs (from 19.5%), 39.3% of Shorts (vs 39.8%), balance minus 18.8 (vs minus 20.3) 

  Small Specs (13.0% of total) - 

  8.3% of Longs (from 7.8%), 17.7% of Shorts (vs 18.4%), balance minus 9.4 (vs minus 10.6)

 Total o/i was higher, but nett figures and balances were all reduced, suggesting reinforcement of existing opinions. There is still little guidance to be found in these figures (although the approach of the tightly balanced General Election [May 7th] is starting to heighten market nervousness). Commercials added to shorts, while both Large and Small Specs flirted with the long side.

 

Dollar Index: Total o/i 113690, spreads 2379 (2.1%). Closing price Apr 7th 98.06
 

Nett differences:  Commercials -89822 (from -92366)  Large Specs +72806 (from +73143)
                              Small Specs +17016 (from +19223)

Proportions -

 Commercials (48.4% of total o/i) - 8.0% of Longs (from 7.6%), 88.7% of Shorts (vs 86.4%), balance minus 80.7 (vs minus 78.8)

 Large Specs (42.2% of total) - 74.9% of Longs (from 74.4%), 9.5% of Shorts (vs 12.0%), balance plus 65.4 (vs plus 62.4) 

  Small Specs (9.4% of total) - 17.1% of Longs (from 18.0%), 1.8% of Shorts (vs 1.6%), balance plus 15.3

 (vs plus 16.4)
   
  Large Specs apparently expect the upward trend to be resumed, cutting their shorts considerably, but Commercials continue to sell - in the long run they tend to be right.