Saturday, 14 December 2013

COT data of Dec 10th 2013 - British Pound [BP]

British Pounds - Total o/i  255604; spreads 6350 (= 2.5%). Closing price on Dec 10th: 1.6445

Nett differences:
Commercials -36501 (from -35420)  Large Specs +18429 (from +18369)  Small Specs +18072 (from +17051)

Commercials (62.4% of total o/i) - 55.1% of Longs, 69.7% of Shorts, balance minus 14.6
Large Specs (24.8% of total) - 28.5% of Longs, 21.1% of Shorts, balance plus 7.4
Small Specs (12.8% of total) - 16.4% of Longs, 9.2% of Shorts, balance plus 7.2 

Not a great deal of guidance this week, with Commercials a little less short (proportionately), but still taking the short side overall. They have increased their share of the total open interest, so their position may be increasingly significant. Specs - both Large and Small - have reduced their commitments, but not changed their outlook. On balance, it appears that the pound will move more easily down than up.

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