COT data of Oct 28th 2014 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 138661, spreads 2664 (1.9%).  Closing price Oct 28th 1.6130
 
Nett differences:  Commercials  +13879 (from +16808)  Large Specs -6247 (from -4485)
                              Small Specs -7632 (from -12323)
 Proportions:

Commercials (50.7% of total o/i) -

55.8% of Longs (from 59.5%), 45.6% of Shorts (vs 46.9%), balance plus 10.2 (vs plus 12.6)

Large Specs (32.2% of total) - 

29.9% of Longs (from 27.4%), 34.5% of Shorts (vs 30.8%), balance minus 4.6 (vs minus 3.4)

Small Specs (17.1% of total) - 

14.3% of Longs (from 13.1%), 19.9% of Shorts (vs 22.3%), balance minus 5.6 (vs minus 9.2) 

 

  Commercials have reduced both longs and shorts, retaining (just) their normal majority share of total open interest; on balance, they have moved slightly less long. Large Specs have increased all positions, going shorter overall. Small Specs added to longs and reduced shorts; much higher prices now seem less likely.

 

Dollar Index: Total o/i 79369, spreads 2261 (2.8%). Closing price Oct 28th 85.42

  

Nett differences:  Commercials -58885 (from -58564)  Large Specs +50226 (from +48966)
                              Small Specs +8659 (from +9598)

Proportions - 

Commercials (43.9% of total o/i) - 5.6% of Longs (from 6.8%), 82.3% of Shorts (vs 82.1%), balance minus 76.7 (vs minus 75.3)

Large Specs (48.5% of total) - 81.1% of Longs (from 80.0%), 15.9% of Shorts (vs 15.8%), balance plus 65.2 (vs plus 64.2) 

Small Specs (7.6% of total) - 13.3% of Longs (from 13.2%), 1.8% of Shorts (vs 2.1%), balance plus 11.5 (vs plus 11.1) 

  Total open interest is lower again, with Commercials (proportionately) once more reducing longs and adding to shorts - still suggesting lower values to come, even though none of this week's changes look significant.