Saturday, 16 November 2013

COT data of Nov 12th 2013 - British Pound [BP]

British Pounds - Total o/i  171002; spreads 3421 (= 2.0%). Closing price on Nov 12th: 1.5905

Nett differences:

Commercials +1432 (from -8373)  Large Specs -9303 (from -2392)  Small Specs +7871 (from +10765)


Commercials (54.1% of total o/i) - 54.5% of Longs, 53.7% of Shorts, balance plus 0.8
Large Specs (29.0% of total) - 26.2% of Longs, 31.7% of Shorts, balance minus 5.5
Small Specs (16.9% of total) - 19.3% of Longs, 14.6% of Shorts, balance plus 4.7

Once again, Commercials have moved longer (indeed, to a nett long position, for the first time since mid-September); this time however they have added considerably to Longs while slightly reducing their Shorts. Large Specs have increased their nett Short by reducing Longs sharply while leaving Shorts unchanged. Small Specs have reduced their overall commitment, and are likely to be less of a factor in the short term. It appears that Commercials may be being influenced by the more bullish Fundamentals on Sterling, with these COT figures showing some bias to the upside. 

Please note - no report next weekend - back early December ... 

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