Saturday 7 March 2015

CFTC COT data of Mar 3rd 2015 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 165737, spreads 1097 (0.7%).  Closing price Mar 3rd 1.5360 (Mar 6th 1.5050)
 
  Nett differences:  Commercials  +35400 (from +33050)  Large Specs -26908 (from -21870)
                              Small Specs -8492 (from -11180)
  Proportions:
 Commercials (50.5% of total o/i) - 
  61.2% of Longs (from 61.3%), 39.7% of Shorts (vs 41.7%), balance plus 2.5 (vs plus 19.6)

 Large Specs (35.2% of total) - 
   27.1% of Longs (from 27.8%), 43.4% of Shorts (vs 40.8%), balance minus 16.3 (vs minus 13.0)   

  Small Specs (14.3% of total) - 
  11.7% of Longs (from 10.9%), 16.9% of Shorts (vs 17.5%), balance minus 5.2 (vs minus 6.6)

 
Commercials have taken some profits on shorts, while Large Specs added to theirs - but price moves since Tuesday night probably mean fresh positions have been taken since then, so not much can be read into these figures. Small Specs remain insignificant.
 
Dollar Index: Total o/i 123981, spreads 2946 (2.4%). Closing price Mar 3rd 95.45
 

Nett differences:  Commercials -86444 (from -87872)  Large Specs +67218 (from +68157)
                              Small Specs +19226 (from +19715)

Proportions -

 Commercials (47.4% of total o/i) - 11.7% of Longs (from 11.2%), 83.1% of Shorts (vs 87.1%), balance minus 71.4 (vs minus 75.9)

 Large Specs (43.0% of total) - 70.8% of Longs (from 70.5%), 15.3% of Shorts (vs 11.6%), balance plus 55.5 (vs plus 58.9) 
  Small Specs (9.6% of total) - 17.5% of Longs (from 18.3%), 1.6% of Shorts (vs 1.3%), balance plus 15.9
 (vs plus 17.0)
   
 As with Sterling, the make-up of open positions has almost certainly changed considerably since Tuesday night - we'll use other tools in the short term. 

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