CFTC COT data of Mar 31st 2015 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 182514, spreads 2354 (1.3%).  Closing price Mar 31st 1.4835
 
  Nett differences:  Commercials  +55619 (from +58858)  Large Specs -36630 (from -38557)

                              Small Specs -18989 (from -20301)

  Proportions:

 Commercials (57.2% of total o/i) - 

  72.7% of Longs (from 71.4%), 41.8% of Shorts (vs 37.8%), balance plus 30.9 (vs plus 33.6)

 Large Specs (29.7% of total) - 

   19.5% of Longs (from 20.5%), 39.8% of Shorts (vs 42.5%), balance minus 20.3 (vs minus 22.0) 

  Small Specs (13.1% of total) - 

  7.8% of Longs (from 8.1%), 18.4% of Shorts (vs 19.7%), balance minus 10.6 (vs minus 11.6)
All outright numbers were reduced, but overall (both proportionately and outright) figures showed little demonstrable change. This may be the result of the current sideways market, or of the long Easter holiday weekend in Britain, but either way it doesn't help provide much guidance.

 

Dollar Index: Total o/i 118796, spreads 1569 (1.3%). Closing price Mar 31st 98.65
 

Nett differences:  Commercials -92366 (from -88574)  Large Specs +73143 (from +71227)
                              Small Specs +19223 (from +17347)

Proportions -

 Commercials (47.0% of total o/i) - 7.6% of Longs (from 8.4%), 86.4% of Shorts (vs 86.0%), balance minus 78.8 (vs minus 77.6)

 Large Specs (43.2% of total) - 74.4% of Longs (from 73.1%), 12.0% of Shorts (vs 10.7%), balance plus 62.4 (vs plus 62.4) 

  Small Specs (9.8% of total) - 18.0% of Longs (from 18.5%), 1.6% of Shorts (vs 3.3%), balance plus 16.4

 (vs plus 15.2)
   
  The limited change that has taken place - with Commercials going shorter and Small Specs going longer - simply reinforces our current moderately negative view. Large Specs added almost equally to both longs and shorts.