Saturday, 7 September 2013

COT data of Sep 3rd 2013 - British Pound [BP]

British Pounds - Total o/i  156870; spreads 3928 (= 2.5%). Closing price on Sep 3rd: 1.5560

Nett differences:
Commercials +47998 (from +43762)  Large Specs -43046 (from -38226).  Small Specs -4952 (from -5536).
Commercials (50.9% of total o/i) - 66.6% of Longs, 35.2% of Shorts, balance plus 31.4
Large Specs (32.3% of total) - 18.3% of Longs, 46.4% of Shorts, balance minus 28.1
Small Specs (16.8% of total) - 15.1% of Longs, 18.4% of Shorts, balance minus 3.3
Prices have generally remained inside the recent range of 1.55 to 1.57. Commercials added to longs and to shorts, increasing their share of the total o/i, but not changing their proportions much. Small Specs reduced both longs and shorts, again with not much change to proprtionate holdings. There is thus no significant change to suggest which direction the ultimate beakout will take, although Commercials remain less long than they might be.

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