COT data of Aug 5th 2014 - British Pound [BP]

British Pounds - Total o/i 230801, spreads 4114 (1.8%).  Closing price Aug 5th 1.6885

 

Nett differences:  Commercials -20209 (from -37541)  Large Specs +12121 (from +24910)  Small Specs +8088 (from +12631)   

 

Proportions:    

Commercials (60.9% of total o/i) -

56.4% of Longs (from 52.6%), 65.3% of Shorts (vs 60.7%), balance minus 8.9 (vs minus 16.1)

Large Specs (26.9% of total) -

29.3% of Longs (from 32.3%), 24.0% of Shorts (vs 21.6%), balance plus 5.3 (vs plus 10.7)

Small Specs (12.5% of total) -

14.3% of Longs (from 15.1%), 10.7% of Shorts (vs 9.7%), balance plus 3.6 (vs plus 5.4) 

 

Once again, total open interest continued to decline; Commercials cut their shorts considerably, while adding slightly to longs: Large Specs on the other hand cut their longs and added to shorts. Small Specs remained long, but not to any great degree. Based on these figures, Commercials believe that Sterling should start to improve soon.

 

[Total open interest on the Dollar Index jumped again, with Large Specs now holding over 65% of the total, and staying quite long. Commercials went shorter on the rally. Proportional balances: Commercials minus 39.1 (from minus 36.5), Large Specs plus 29.8 (from plus 27.2), Small Specs plus 9.3 (unchanged) ]