Saturday, 21 August 2010

British Pound COT at August 17th

Total open interest went up slightly, with spreads showing a tiny increase (at 0.1% of the total).
Commercials reduced their short positions considerably, while increasing their longs a fraction. After last week's unusual move to a nett short position, they reverted to their usual nett long - although only just so, at plus 1.0% (vs minus 3.2%).
Big specs returned to their normal nett short, both reducing longs and adding to shorts, while small specs did the opposite. Nett positions were: big specs short 3.1% (from long 3.5%), small specs long 2.1% (from short 0.3%).
Not a great deal of change, but overall suggesting falls from here should only be moderate.

No comments:

Post a Comment