Sunday, 11 March 2012

COT data of March 6th 2012

British Pounds - With Tuesday's close at 1.5715, Large Specs had gone considerably shorter - after taking their nett shorts down from 21.2 on Feb 14 to 13.2 on Feb 28th, they moved back to 20.2, with their share of total longs down to 12.2% and total shorts up to 22.3%. However (more importantly), Commercials changed their nett position from plus 17.4 to plus 23.6, with their nett difference going up from +30702 to +43326.
This suggests a small but perhaps significant change in attitude - Commercials are liking Sterling more than they did ....

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