tag:blogger.com,1999:blog-84318866205475537862024-02-20T05:19:43.342-08:00Spasmodic Inspiration ...Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.comBlogger206125tag:blogger.com,1999:blog-8431886620547553786.post-62171032824507903092015-12-18T04:50:00.000-08:002015-12-18T04:50:13.047-08:00HOLIDAY READING - MANIASNot valid at present - but no doubt it will be ....<br />
<br />
<!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:ApplyBreakingRules/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:UseFELayout/>
</w:Compatibility>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]--><br />
<!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin:0cm;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
</style>
<![endif]--><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026"/>
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1"/>
</o:shapelayout></xml><![endif]-->
<br />
<div align="center" class="MsoNormal" style="text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;">INFECTED
BY A MANIA? NOT ME - I'M NOT THE TYPE ....</span></b><span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>Most people these days
have heard of "Tulip Mania", the episode in history when investing
frenzy first registered on the public consciousness. Just to recap, it was in
the first half of the 17th century, in Holland (even then the tulip capital of
the world, although the plants were still a comparative novelty), when
enthusiasm for buying and selling these new bulbs spread from collectors to
investors and thence to speculators and sharpsters. In the beginning, it was
the merchants and the upper bourgeoisie who bought and flaunted their tulips -
rare, because they had to be imported from the East, and special, because the
blooms were exotic and strange. Soon however the need to keep up with the
Jones's meant that demand outstripped supply, and prices began to rise; sailors
began to smuggle in these rare goods, and the market began to broaden. Prices
were quoted in the press, public interest was aroused, the opportunity for
profit became evident.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>High prices were
normal from the time of their initial introduction from Turkey into Europe some
time after 1550, but from around 1630 until 1637, when the market peaked, tulip
prices rose inexorably. Until around 1633 the market was mainly among
professionals - growers, specialists, and their wealthy patrons; for the next
three years, however, everyone wanted a piece of the action - it was, after
all, a one-way market, with "guaranteed" profits. Stories were told
of farms being mortgaged, extraordinary barter deals were arranged, forward
contracts became common - all to take advantage of these ever-rising prices.
The craze was not limited to Holland - a French brewery was reportedly swapped
for one tulip bulb, and the English were in the market as well, but the Dutch
were the principal participants.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>However, early in
1637, the market suddenly found a vacuum; without any warning, the buyers were
no longer there. Sellers began looking for bids, buyers kept their heads down,
financially over-stretched speculators became increasingly anxious, buyers ran
away from their forward contracts, which were anyway classed as gambling, and
not legally enforceable. Prices collapsed, and panic ensued. The Government was
asked to help, and (after some consultation) a proposed "scheme of
settlement" was put forward, but this found no friends - after all,
close-outs at 3-1/2 percent of contract value were not particularly attractive.
With prices having risen twenty- to twentyfive-fold during January alone, value
was hard to establish.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>So the Dutch - those
solid, dependable citizens of Europe who could be relied upon to keep their
heads when dykes were springing leaks - were swept off their feet by
"irrational exuberance". There were perhaps extenuating circumstances
at the time: a major outbreak of the plague which had decimated some cities in
late 1636 had created a psychological climate of "short-termism", and
the continuing war with Spain was a constant background factor. But the main
reason for the buying mania was the expectation of profit - the knowledge,
based on recent experience, that there would always be (tomorrow, or perhaps
next week) a buyer willing to pay more than you had paid. The fact that tulip
bulbs were basically useless had nothing to do with either the rise or the fall
in prices; academic theorists who have worked out that - given time - the most
expensive bulb (costing around US$50,000), if properly propagated, would have
paid for itself well inside a hundred years are looking at economic logic
rather than truth. The fact is that this was an example of unbridled greed.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>And there are
innumerable other examples of this sort of mass enthusiasm. It has been pointed
out often enough that men, however sensible and logical they may be
individually, change in character and thought process once they become part of
a crowd. And the crowd does not have to be a gathering of many people in one
place - it needs only a commonality of purpose, an agreement on what appears to
be an obvious outcome, for the crowd mentality to become operative. That is why
newcomers are so frequently "flamed" when they join a new Internet
forum - they are not yet part of the crowd, they are still individuals waiting
to become assimilated. And that is why the Internet - although it may seem an
isolating process - is taking the place of the town square as a meeting place
for individuals who may transmogrify into a crowd.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>Other examples of
financial manias which are often quoted are the South Sea Bubble (around
1715-1720, in England) and the Mississipi scheme (in France at around the same
time). In both cases the public became so enthusiastic about the prospects of
easy money that common sense went out the window - for a while. In both cases,
the end came quite suddenly and unexpectedly; it is very hard to judge the top
in cases like these. Occasionally, however, common sense and dispassion can
provide the opportunity for profiting from a contrarian view. In 1959, an
attempt was made to squeeze<span style="mso-spacerun: yes;"> </span>May Wheat
futures in Chicago; for a time, the market moved inexorably upwards, but it
happened that deliverable supplies were available (although they were held
outside Chicago), and - such was the conviction that the squeeze would succeed
- it was possible to sell at good prices even after wheat began to move into
Chicago in volume. But then this was a squeeze rather than a wild burst of
enthusiasm, and the psychological underpinnings are very different.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>Squeezes, or
"corners", are in fact rather more frequent than manias, and depend
on supply and demand rather than greed, fear or envy - as such, they tend to be
seen more often in the commodity markets, where control of deliverable supplies
appears easier to arrange. The most famous (attempted) squeeze of recent times
culminated in 1980, when the Hunt brothers (famous oil billionaires) managed to
ratchet the Silver price up from around $6/ounce in January 1979 to almost $50
a year later, spending and subsequently losing millions in the process. More
recently, fears of a squeeze in the Palladium market took prices during<span style="mso-spacerun: yes;"> </span>February 2000 from $491 at the start of the
month to $815 three weeks later (basis NY spot), and - to be flippant for a
moment - the current Pokemon craze among youngsters shows evidence of both a
squeeze and a mania, as carefully calculated supply is measured out to frenzied
buyers.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>But a true squeeze, as
we said, has a different psychological effect on the traders in the market; it
is (or may become) a fact, and (depending on the perceived likelihood of the
squeeze succeeding), buyers may join in or not while shorts decide to cut or
run their positions. A mania affects the public rather than the specialist, and
depends on emotion rather than thought. In the move upwards, panic is evident
among the buyers at the thought of opportunities missed - in a squeeze, the
panic is likely to be among the sellers, or shorts.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>Because equities have
appealed to a wider public for a longer time than commodities or currencies,
there are more examples of speculative excess to be found in the stock markets
than elsewhere: railroads - particularly in the US - provided a wonderful
playground for the bulls in the 1850s, with the big bust coming on one day,
August 24th, 1857. Radio was one of the technological wonders of the 1920s, but
the share price of RCA (a very successful and profitable company during that
era) fell 95% in the four years after 1929. Whether that was as the result of a
preceding mania may be arguable, but it demonstrates the difficulty of
establishing value in times of excess.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>And that is the problem
with financial mania: there always appears to be good reason for the advance in
prices to continue, because (after all) "things are different this
time".<span style="mso-spacerun: yes;"> </span>The 1920s were years of
great technological change, particularly in the transport sector, and previously
valid cost and profit calculations were "obviously" no longer
applicable; but, for the time being, there was nothing else to take their
place. Price, therefore, took the place of value, and<span style="mso-spacerun: yes;"> </span>buying on dips became a habit, since
cheapness was rare and the opportunity had to be seized.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;"><span style="mso-tab-count: 1;"> </span>Sometimes an exogenous
shock will halt a mania, sometimes the hot air simply cools; there is no sign
hung out when the end comes, but a symptom is when serious, conservative
investors who have held out against all previous blandishments finally admit
that they might have been wrong, and the last remaining buyers come into the
market. Watch out for such symptoms, and beware!</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-US" style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;">[Written Sep 2000] </span></div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-52145308895645649112015-06-27T03:00:00.000-07:002015-06-27T03:00:39.299-07:00CFTC COT data of Jun 23rd 2015 - British Pound [BP], Dollar Index [DX]<div class="post-body entry-content" id="post-body-2250603639563751778" itemprop="description articleBody" style="background-color: white; margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-1156808208935875827" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-9150630930899857980" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-7167717532927539569" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-2934983153210562235" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-2249405017756977264" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"><b>Please note - this will be the last published comment on Pound and Dollar Index. Thank you for your interest ... </b></span></span></div>
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"><b><br /></b></span></span></div>
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"><b>British Pound</b>s - Total o/i 178641, spreads 1234 (0.7%). Closing price Jun 23rd 1.5725</span></span><br />
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"></span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"> </span></span><br />
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"></span></span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"></span></span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"></span></span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"> Nett differences: Commercials +15587 (from +25547) Large Specs -22194 (from -25434) </span></span><br />
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 14.3999996185303px; margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"></span></span><span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"></span></span><span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"> Small Specs <b>+6607</b> (from -113) </span></span></div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: x-small;"><br /></span>
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"> Proportions: </span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 14.3999996185303px; margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;">Commercials (50.6% of total o/i) - 55.0% of Longs (from 60.6%), 46.2% of Shorts (from 43.0%), balance plus 8.8 (from plus 17.6)</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;">Large Specs (35.3% of total) - 29.0% of Longs (from 23.3), 41.5% of Shorts (from 40.8%), balance minus 12.5 (from minus 17.5) </span></span></div>
</div>
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"> Small Specs (14.1% of total) - 16.0% of Longs (from 16.1%), 12.3% of Shorts </span></span></div>
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"> (from 16.2%), balance <b>plus 3.7</b> (from minus 0.1) </span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 14.3999996185303px; margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"><br /> A change of attitude this week, with Commercials becoming bearish and Small Specs moving to the bull tack. Also a marked difference between the outright positions and the proportional - Commercials for example added to their total longs but held a lesser share of the increased total o/i, with the opposite showing on their shorts. Their proportionate balance, of plus 8.8, is the smallest since October last year - after that, Sterling gradually eased. With Small Specs going long, we expect the same to happen this time. </span></span><span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"><br /></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"><br /></span></span></div>
</div>
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 14.3999996185303px; margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"><b>Dollar Index</b>: Total o/i 85932, spreads 1835 (2.1%). Closing price Jun 23rd 95.64</span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 14.3999996185303px; margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"> </span></span><span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;"><br />Nett differences: Commercials -63553 (from -65003) Large Specs +52345 (from +53420) </span></span><span style="font-family: 'Trebuchet MS', sans-serif; font-size: x-small;"> Small Specs +11208 (from +11583)</span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: x-small;"><br /></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 14.3999996185303px; margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif;"><span style="font-size: x-small;">Proportions -</span></span></div>
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"> Commercials (46.7% of total o/i) - 8.9% of Longs (from 9.3%), 84.4% of Shorts (from 85.6%), balance minus 75.5 (from minus 76.3)<br /> Large Specs (44.6% of total) - 75.7% of Longs (from 75.1%), 13.5% of Shorts (from 12.4%), balance plus 62.2 (from plus 62.7)<br /> Small Specs (8.7% of total) - 15.4% of Longs (from 15.6%), 2.1% of Shorts (from 2.0%), balance plus 13.3 (from plus 13.6)<br /><br />Not much change overall (although we note that prices did dip, as expected, in the period between the 16th and the 23rd). Commercials are still favouring the short side - so do we. </span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: 'Trebuchet MS', sans-serif; font-size: 14.3999996185303px;"><span style="font-size: x-small;"><br /></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<b style="font-family: 'Trebuchet MS', sans-serif; font-size: small;">Please note - this will be the last published comment on Pound and Dollar Index. Thank you for your interest ... </b></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-22506036395637517782015-06-20T03:20:00.000-07:002015-06-20T03:20:16.678-07:00CFTC COT data of Jun 16th 2015 - British Pound [BP], Dollar Index [DX]
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-1156808208935875827" itemprop="description articleBody">
<h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-9150630930899857980" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: xx-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7167717532927539569" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2934983153210562235" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2249405017756977264" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 146635, spreads 1350 (0.9%). Closing price Jun 16th 1.5650</span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
Nett differences: Commercials +25547 (from +30440) Large Specs -25434 (from -28277) </span></span></span></span><br />
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span> Small Specs -113 (from -2163)
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span><span>
</span></span>
<span>
<span> Proportions:
</span></span>
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
Commercials (51.8% of total o/i) - 60.6% of Longs (from 69.5%), 43.0% of Shorts (from 52.0%), balance plus 17.6 (from plus 17.5)<br />
</span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
Large Specs (32.1% of total) - 23.3% of Longs (from 17.8), 40.8% of Shorts (from 34.0%), balance minus 17.5 (from minus 16.2) </span></span></span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span><span>
</span></span>
<span>
<span> Small Specs (16.1% of total) - 16.1% of Longs (from 12.7%), 16.2% of Shorts (from 14.0%), balance minus 0.1 (from minus 1.3)
</span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span> </span></span><br />
<span><span> Both spreads and total o/i were reduced considerably, primarily by the Commercials, but their proportional balance ended not much changed. Small Specs hold their largest total open position since early January - with their balance near square, this could suggest twitchy trading in the near term. Large Specs added to longs, but were also hanging on to their shorts - it will be interesting to see whether they have thrown in the towel during the recent rally. With Commercials still moderately long, dips are likely to be limited. </span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
</div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 86281, spreads 1140 (1.3%). Closing price Jun 16th 95.26</span> </span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><br /></span></span>
Nett differences: Commercials -65003 (from -76035) Large Specs +53420 (from +62877)</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>
Small Specs +11583 (from +13158)</span></span></span></span></div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>Proportions - </span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> <span><span></span></span><span><span></span></span><span><span>Commercials (47.4% of total o/i) - 9.3% of Longs (from 12.8%),
85.6% of Shorts (from 87.9%), balance minus 76.3 (from minus 75.1)
</span></span>
<br />
<span><span>
</span></span>
<span><span>
</span></span>
<span>
<span> Large Specs (43.8% of total) - 75.1% of Longs (from 72.5%), 12.4% of Shorts (from 10.4%), balance plus 62.7 (from plus 62.1) </span></span><br />
<span>
<span>
Small
Specs (8.8% of total) - 15.6% of Longs (from 14.7%), 2.0% of Shorts (from 1.7%), balance plus 13.6<span><span> (from plus 13.0)<br />
<br /> Total o/i fell considerably, but proportions did not change dramatically. Commercials reduced both longs and shorts, but stayed nett short overall. Large Specs
reduced longs considerably, although proportionately they held an increased share. There still seems no reason to turn bullish. </span></span></span></span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-11568082089358758272015-06-13T02:57:00.003-07:002015-06-13T02:57:37.993-07:00CFTC COT data of Jun 9th 2015 - British Pound [BP], Dollar Index [DX] <h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-9150630930899857980" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7167717532927539569" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2934983153210562235" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2249405017756977264" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 181049, spreads 6831 (3.8%). Closing price Jun 9th 1.5375</span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Nett differences: Commercials +30440 (from +28514) Large Specs -28277 (from -25658) </span></span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Small Specs -2163 (from -2856)
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Proportions:
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (60.8% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
69.5% of Longs (from 68.1%), 52.0% of Shorts (from 51.6%), balance plus 17.5 (from plus 16.5)<br />
</span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (25.9% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
17.8% of Longs (from 19.0), 34.0% of Shorts (from 33.8%), balance minus 16.2 (from minus 14.8) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Small Specs (13.3% of total) -
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> 12.7% of Longs (from 12.9%), 14.0% of Shorts (from 14.6%), balance minus 1.3 (from minus 1.7)
</span></span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
Although total o/i went up, much of the increase comprised additional spreads, presumably ahead of the June position going off the board. Otherwise, not much change, in either total or proportional figures. Once again, we can only reiterate previous comments, although the odds on some further steadiness are looking stronger. </span></span></span><br />
<br />
</div>
</div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 105463, spreads 4204 (4.0%). Closing price Jun 9th 95.17</span> </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -76035 (from -73188) Large Specs +62877 (from +59722)<br />
Small Specs +13158 (from +13466)</span></span></span></div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Commercials (50.3% of total o/i) - 12.8% of Longs (from 12.6%), 87.9% of Shorts (from 86.2%), balance minus 75.1 (from minus 73.6)
</span></span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Large Specs (41.5% of total) - 72.5% of Longs (from 72.9%), 10.4% of Shorts (from 12.8%), balance plus 62.1 (from plus 60.1) </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small
Specs (8.2% of total) - 14.7% of Longs (from 14.5%), 1.7% of Shorts (from 1.0%), balance plus 13.0 </span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span><span></span><span><span><span>(from plus 13.5)<br />
<br /> Commercials added considerably to shorts and also added slightly to longs, taking their total share of o/i to just over 50%. Large Specs did the reverse, while Small
Specs remained basically sidelined. There seems no reason to change our view - taking guidance from the Commercials, in the medium term we'll remain bearish. </span></span></span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-91506309308998579802015-06-06T04:24:00.001-07:002015-06-06T04:24:28.082-07:00CFTC COT data of Jun 2nd 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7167717532927539569" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2934983153210562235" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2249405017756977264" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 175291, spreads 2560 (1.5%). Closing price Jun 2nd 1.5345</span></span></span><br />
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +28514 (from +26865) Large Specs -25658 (from -25539) </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Small Specs -2856 (from -1326)
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Proportions:
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (59.8% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
68.1% of Longs (from 67.4%), 51.6% of Shorts (from 52.0%), balance plus 16.5 (from plus 15.4)<br />
</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (26.4% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
19.0% of Longs (from 19.8), 33.8% of Shorts (from 34.4%), balance minus 14.8 (from minus 14.6) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Small Specs (13.8% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> 12.9% of Longs (from 12.8%), 14.6% of Shorts (from 13.6%), balance minus 1.7 (from minus 0.8)
</span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Very little change in either the o/i figures or in the week-to-week price - we can only reiterate last week's comment: major weakness from here looks unlikely.</span></span><br />
<br /></div>
</div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 102174, spreads 2708 (2.7%). Closing price Jun 2nd 95.90</span> </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -73188 (from -65900) Large Specs +59722 (from +52296)<br />
Small Specs +13466 (from +13604)</span></span></div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Commercials (49.4% of total o/i) - 12.6% of Longs (from 14.5%), 86.2% of Shorts (vs 80.2%), balance minus 73.6 (vs minus 65.7)
</span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Large Specs (42.8% of total) - 72.9% of Longs (from 69.5%), 12.8% of Shorts (vs 17.3%), balance plus 60.1 (vs plus 52.2) </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small
Specs (7.8% of total) - 14.5% of Longs (from 16.0%), 1.0% of Shorts (vs 2.5%), balance plus 13.5</span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span><span style="font-size: small;">
</span><span style="font-size: xx-small;"><span style="font-size: x-small;"><span style="font-size: small;">
(unchanged)<br />
<br /> Once again, Commercials reduced longs and added to shorts, while Large Specs
added to longs but - this time - reduced shorts considerably. Small Specs reduced both long and short positions. Last week's comment proved correct, but this week's decision is more difficult - should one follow the Commercials (who are distinctly short), or the Large Specs (who are comparatively long)? [Small Specs seem to reflect this dilemma - they have a very limited commitment at present]. Our inclination, as always, is to take guidance from the Commercials in the medium term. </span></span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-71677175329275395692015-05-31T07:53:00.000-07:002015-05-31T07:53:52.101-07:00CFTC COT data of May 26th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-body entry-content" id="post-body-2934983153210562235" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2249405017756977264" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 176797, spreads 1871 (1.1%). Closing price May 26th 1.5385 </span></span></span></span><br />
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Nett differences: Commercials +26865 (from +23388) Large Specs -25539 (from -23362)</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs -1326 (from -26)
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Proportions:
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (59.7% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
67.4% of Longs (from 64.7%), 52.0% of Shorts (from 51.8%), balance plus 15.4 (from plus 12.9)<br />
</span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (27.1% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
19.8% of Longs (from 22.7%), 34.4% of Shorts (from 35.6%), balance minus 14.6 (from minus 12.9) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs (13.2% of total) -
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
12.8% of Longs (from 12.6%), 13.6% of Shorts (from 12.6%), balance minus 0.8 (from square)
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /> On a nett basis, all positions were increased. On a proportional basis, there was a reversion to the previous pattern - Commercials went slightly longer on the dip, while Large Specs went slightly shorter (following the trend, as usual). Small Specs went marginally short (from square), but are still a comparatively insignificant factor. On this basis, major weakness from here looks unlikely.</span></span></span><br />
</div>
</div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 103211, spreads 2916 (2.8%). Closing price May 26th 97.40</span> </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /></span></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -65900 (from -62596) Large Specs +52296 (from +53483)<br />
Small Specs +13604 (from +9113)</span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (47.3% of total o/i) - 14.5% of Longs (from 16.7%), 80.2% of Shorts (vs 82.9%), balance minus 65.7 (vs minus 66.2)
</span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (43.4% of total) - 69.5% of Longs (from 68.1%), 17.3% of Shorts (vs 11.5%), balance plus 52.2 (vs plus 56.6) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small
Specs (9.3% of total) - 16.0% of Longs (from 15.2%), 2.5% of Shorts (vs 5.6%), balance plus 13.5</span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span><span style="font-size: x-small;"><span style="font-size: small;">
(vs plus 9.6)<br />
<br /> Commercials reduced longs and added to shorts, while Large Specs added to longs and - more aggressively - to shorts. Small Specs also added to longs, but reduced their already small short position. It appears that the current minor rally may end soon. </span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-29349831532105622352015-05-23T12:44:00.000-07:002015-05-25T02:06:50.402-07:00CFTC COT data of May 19th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2249405017756977264" itemprop="description articleBody">
<h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: xx-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: xx-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: xx-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 182607, spreads 1093 (0.6%). Closing price May 19th 1.5495 </span></span></span><br />
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +23388 )from +38987) Large Specs -23362 (from -30769)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs -26 (from -8218)
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Proportions:
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (58.3% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
64.7% of Longs (from 68.1%), 51.8% of Shorts (vs 546.8%), balance plus 12.9 (vs plus 21.3)<br />
</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (29.1% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
22.7% of Longs (from 20.6%), 35.6% of Shorts (vs 37.4%), balance minus 12.9 (vs minus 16.8) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs (12.6% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
12.6% of Longs (from 11.3%), 12.6% of Shorts (vs 15.8%), balance square (vs minus 4.5)
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /> Commercials were quick to reduce longs once more, while adding considerably to shorts - seems like they needed only minor encouragement to get back to their recently normal "slightly nett long" position - their nett balance is now the lowest since end Oct last year. Large Specs reduced shorts and added to longs, both outright and
proportionately, and Small Specs did the same. With the dust now settling, it seems Commercials (whose opinion we trust in the long run) are not very bullish, while Small Specs (whose opinion we prefer to 'fade') are completely undecided - they have their smallest share of the total open interest since last September. </span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 98050, spreads 3516 (3.6%). Closing price May 19th 95.36</span> <br /></span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -62596 (from -66103) Large Specs +53483 (from +55336)<br />
Small Specs +9113 (from +10767)</span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (49.8% of total o/i) - 16.7% of Longs (from 14.0%), 82.9% of Shorts (vs 81.8%), balance minus 66.2 (vs minus 67.8)
</span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (39.8% of total) - 68.1% of Longs (from 69.1%), 11.5% of Shorts (vs 12.3%), balance plus 56.6 (vs plus 56.8) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small
Specs (10.4% of total) - 15.2% of Longs (from 16.9%), 5.6% of Shorts (vs 5.9%), balance plus 9.6</span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
(vs plus 11.0)<br />
<br /> Commercials yet again added to longs and reduced shorts
(slightly), once more taking their nett
short to the lowest figure this year. Large Specs continued to cut both longs and
shorts, staying nett long, while Small Specs reduced longs more than shorts. Their overall nett long has become even smaller. Further minor strength seems likely. </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-22494050177569772642015-05-16T10:54:00.001-07:002015-05-16T10:54:47.495-07:00CFTC COT data of May 12th 2015 - British Pound [BP], Dollar Index [DX] <h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2487405401682264939" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 183586, spreads 909 (0.5%). Closing price May 12th 1.5670 </span></span></span></span></div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Nett differences: Commercials +38987 (from +30343) Large Specs -30769 (from -24758)</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs -8218 (from -5585)
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Proportions:
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (57.5% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
68.1% of Longs (from 68.3%), 46.8% of Shorts (vs 50.7%), balance plus 21.3 (vs plus 17.6)<br />
</span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (29.0% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
20.6% of Longs (from 19.9%), 37.4% of Shorts (vs 34.3%), balance minus 16.8 (vs minus 14.4) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs (13.5% of total) -
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
11.3% of Longs (from 11.8%), 15.8% of Shorts (vs 15.0%), balance minus 4.5 (vs minus 3.2)
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /> Commercials started adding to longs again, while reducing shorts, but not to a massive extent. Large Specs added to shorts, both outright and proportionately, and Small Specs did the same. There still seems to be a large amount of uncertainty around - we'll wait for the dust to settle. </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<b> </b></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 99697, spreads 2266 (2.3%). Closing price May 5th 94.65</span> <br />
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -66103 (from -70375) Large Specs +55336 (from +58927)<br />
Small Specs +10767 (from +11448)</span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (47.9% of total o/i) - 14.0% of Longs (from 11.6%), 81.8% of Shorts (vs 82.0%), balance minus 67.8 (vs minus 70.4)
</span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (40.7% of total) - 69.1% of Longs (from 72.7%), 12.3% of Shorts (vs 13.8%), balance plus 56.8 (vs plus 58.9) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small
Specs (11.4% of total) - 16.9% of Longs (from 15.7%), 5.9% of Shorts (vs 4.2%), balance plus 11.0 </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
(vs plus 11.5)<br />
<br /> Commercials once again added to longs and reduced shorts (slightly), once more taking their nett
short to the lowest figure this year. Large Specs cut both longs and shorts, staying nett long, while Small Specs added slightly to longs but more vigorously to shorts - their overall nett long remains quite small. We're still not particularly bearish. </span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-24874054016822649392015-05-09T04:50:00.002-07:002015-05-16T10:27:09.289-07:00CFTC COT data of May 5th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-6554050855245904921" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<br />
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<br />
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 173468, spreads 1441 (0.8%). Closing price May 5th 1.5170 (close on May 8th 1.5450, after high 1.5520)</span>
</span></span></div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Nett differences: Commercials +30343 (from +44758) Large Specs -24758 (from -34128)</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs -5585 (from -10630)
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Proportions:
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (59.5% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
68.3% of Longs (from 69.5%), 50.7% of Shorts (vs 43.2%), balance plus 17.6 (vs plus 26.3)<br />
</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (27.1% of total) - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
19.9% of Longs (from 19.5%), 34.3% of Shorts (vs 39.6%), balance minus 14.4 (vs minus 20.1) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs (13.4% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
11.8% of Longs (from 11.0%), 15.0% of Shorts (vs 17.2%), balance minus 3.2 (vs minus 6.2)
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br /> Commercials added considerably to shorts, both on a nett and a proportionate basis, presumably fearing the worst from the election results. In the event however, the surprise win by the Tories vindicated the Large Specs, who had cut their shorts considerably. The change in next week's figures should give a good idea of longer term views about the new British political world. </span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<b> </b></span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 102100, spreads 2117 (2.1%). Closing price May 5th 95.20</span> <br />
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Nett differences: Commercials -70375 (from -79757) Large Specs +58927 (from +64584)<br />
Small Specs +11448 (from +15173)</span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Proportions - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (46.8% of total o/i) - 11.6% of Longs (from 7.7%), 82.0% of Shorts (vs 80.7%), balance minus 70.4 (vs minus 73.0)
</span></span>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (43.2% of total) - 72.7% of Longs (from 71.5%), 13.8% of Shorts (vs 12.4%), balance plus 58.9 (vs plus 59.1) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small
Specs (10.0% of total) - 15.7% of Longs (from 20.8%), 4.2% of Shorts (vs 6.9%), balance plus 11.5 </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
(vs plus 13.9)<br />
<br /> Commercials added to longs and reduced shorts, taking their nett short to the lowest figure this year - probably a constructive sign (although maybe not immediately - COT is not necessarily good at giving short-term signals). Small Specs reduced longs more than shorts, putting them down to a comparatively small nett long - also probably a constructive sign. </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-65540508552459049212015-05-02T02:35:00.001-07:002015-05-02T02:35:50.492-07:00CFTC COT data of Apr 28th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br />
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2330469621188323366" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<div class="post-header">
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 171698, spreads 1482 (0.9%). Closing price Apr 28th 1.5335</span>
</span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"> Nett differences: Commercials +44758 (from +47497) Large Specs -34128 (from -29281)</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs -10630 (from -18216)
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Proportions:
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (56.3% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
69.5% of Longs (from 71.8%), 43.2% of Shorts (vs 44.4%), balance plus 26.3 (vs plus 27.4)<br />
</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (29.6% of total) - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
19.5% of Longs (from 20.0%), 39.6% of Shorts (vs 36.9%), balance minus 20.1 (vs minus 16.9) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs (14.1% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
11.0% of Longs (from 8.2%), 17.2% of Shorts (vs 18.7%), balance minus 6.2 (vs minus 10.5)
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br /> Total
o/i fell again in most categories, the exceptions being Large Specs (who added to shorts) and Small Specs (who added to longs) - in the short term, this is not constructive. Commercials took advantage of the rally to liquidate longs, while Large Specs added to shorts. The last time Small Specs reduced their nett short so noticeably (in early March), prices promptly started falling ... </span></span><br />
<br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 112648, spreads 3408 (3.0%). Closing price Apr 28th 986.20</span> <br />
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Nett differences: Commercials -79757 (from -88374) Large Specs +64584 (from +71721)<br />
Small Specs +15173 (from +16653)</span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Proportions - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (44.1% of total o/i) - 7.7% of Longs (from 7.6%), 80.7% of Shorts (vs 85.6%), balance minus 73.0 (vs minus 78.0)
</span></span>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (42.0% of total) - 71.5% of Longs (from 75.8%), 12.4% of Shorts (vs 12.5%), balance plus 59.1 (vs plus 63.3) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small
Specs (13.9% of total) - 20.8% of Longs (from 16.6%), 6.9% of Shorts (vs 1.9%), balance plus 13.9 </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
(vs plus 14.7)<br />
<br /> Big changes this week, with Commercials taking advantage of the dip to cover shorts, and Large Specs reducing longs to their lowest nett level since the start of the year. Small Specs added to both longs and shorts, and now have an unusually large share of the total o/i - they remain nett long - we remain nett bearish (in the short term). </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-23304696211883233662015-04-25T04:30:00.000-07:002015-04-26T03:23:01.203-07:00CFTC COT data of Apr 21st 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7778485247265439245" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<br />
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<br />
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 175066, spreads 1293 (0.7%). Closing price Apr 21st 1.4925</span>
</span></span><br />
<br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +47497 (from +57723) Large Specs -29281 (from -36045)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs -18216 (from -21678)
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Proportions:
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (58.1% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
71.8% of Longs (from 73.2%), 44.4% of Shorts (vs 42.3%), balance plus 27.4 (vs plus 30.9)<br />
</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (28.5% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
20.0% of Longs (from 18.2%), 36.9% of Shorts (vs 37.5%), balance minus 16.9 (vs minus 19.3) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs (13.4% of total) -
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
8.2% of Longs (from 8.6%), 18.7% of Shorts (vs 20.2%), balance minus 10.5 (vs minus 11.6)
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /> Total
o/i fell, with reductions in all categories. Commercials (who have a big share of the open interest at present) reduced longs more than shorts, showing less confidence in stronger prices from here, whereas Large Specs cut their shorts on the rally and added slightly to longs. Small Specs continue to play a minor role, and the impending General Election seems to remain an inhibiting influence. </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 115918, spreads 2570 (2.2%). Closing price Apr 21st 98.21</span> <br />
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<br />
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -88374 (from -90485) Large Specs +71721 (from +76407)<br />
Small Specs +16653 (from +14078)</span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (46.6% of total o/i) - 7.6% of Longs (from 8.4%), 85.6% of Shorts (vs 85.8%), balance minus 78.0 (vs minus 77.4)
</span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (44.2% of total) - 75.8% of Longs (from 77.4%), 12.5% of Shorts (vs 12.0%), balance plus 63.3 (vs plus 65.4) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small
Specs (9.2% of total) - 16.6% of Longs (from 14.2%), 1.9% of Shorts (vs 2.2%), balance plus 14.7 </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
(vs plus 12.0)<br />
<br /> Commercials proportionately reduced longs more than shorts, but they showed little change on balance. Large Specs acted similarly, leaving the Small Specs to take up the longs - not usually a good sign for the bulls. </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-77784852472654392452015-04-18T02:49:00.001-07:002015-04-18T02:49:53.869-07:00CFTC COT data of Apr 14th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-196894066030137493" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>
</span></span></span></span></div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 189513, spreads 2362 (1.2%). Closing price Apr 14th 1.4780</span>
</span></span></span></span></span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span><span>
<span>
<span>
</span></span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span><span>
<span>
<span>
Nett differences: Commercials +57723 (from +51598) Large Specs -36045 (from -343013)</span></span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span><span>
</span>
<span>
<span>
<span>
Small Specs -21678 (from -17297)</span></span>
<span><span>
</span></span>
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Proportions:
</span></span>
</span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Commercials (57.7% of total o/i) - </span></span></span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
73.2% of Longs (from 71.2%), 42.3% of Shorts (vs 43.0%), balance plus 30.9 (vs plus 28.2)<br />
</span></span></span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Large Specs (27.8% of total) - </span></span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
18.2% of Longs (from 20.5%), 37.5% of Shorts (vs 39.3%), balance minus 19.3 (vs minus 18.8) </span></span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Small Specs (14.5% of total) -
</span></span>
</span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
8.6% of Longs (from 8.3%), 20.2% of Shorts (vs 17.7%), balance minus 11.6 (vs minus 9.4) </span></span></span>
<span><span><span></span></span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span><br /> Total
o/i was higher again, but with prices continuing their recent sideways path, there is still little
guidance to be found in these figures. It is noticeable however that Small Specs have been adding to shorts (= bearish), while Commercials have been replacing their longs (= longer-term bullish). Large Specs seem undecided, reducing both longs and shorts. </span></span></span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span><span><span> </span></span></span></span></span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 119021, spreads 2103 (1.8%). Closing price Apr 14th 98.94</span> <br />
</span></span></span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<br />
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span>Nett differences: Commercials -90485 (from -89822) Large Specs +76407 (from +72806)<br />
Small Specs +14078 (from +17016)</span></span></span></span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span>Proportions - </span></span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span>
</span></span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span>
</span></span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span></span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Commercials (47.1% of total o/i) - 8.4% of Longs (from 8.0%), 85.8% of Shorts (vs 88.7%), balance minus 77.4 (vs minus 80.7)
</span></span></span></span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span>
</span></span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span>
</span></span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span></span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Large Specs (44.7% of total) - 77.4% of Longs (from 74.9%), 12.0% of Shorts (vs 9.5%), balance plus 65.4 (unchanged) </span></span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
Small
Specs (8.2% of total) - 14.2% of Longs (from 17.1%), 2.2% of Shorts (vs 1.8%), balance plus 12.0 </span></span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span>
</span></span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
<span>
(vs plus 15.3)</span></span><br />
<span>
<span>
</span></span><br />
Large Specs added to both longs and shorts, leaving their proportionate balance unchanged, although on a nett basis they showed as going longer. Commercials proportionately were a little less short, while Small Specs were a little less long - both suggesting higher levels to come. </span></span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-1968940660301374932015-04-11T03:21:00.001-07:002015-04-11T03:21:38.770-07:00CFTC COT data of Apr 7th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<br />
<div class="post-body entry-content" id="post-body-7589260026714583543" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
</div>
<br />
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 185219, spreads 2006 (1.1%). Closing price Apr 7th 1.4815</span>
</span></span></span></span></span><br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
<span>
<span>
</span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
<span>
<span>
Nett differences: Commercials +51598 (from +55619) Large Specs -343013 (from -36630)</span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span>
<span>
<span>
<span>
Small Specs -17297 (from -18989)</span></span>
<span><span>
</span></span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Proportions:
</span></span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Commercials (57.1% of total o/i) - </span></span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
71.2% of Longs (from 72.7%), 43.0% of Shorts (vs 41.8%), balance plus 28.2 (vs plus 30.9)<br />
</span></span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Large Specs (29.9% of total) - </span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
20.5% of Longs (from 19.5%), 39.3% of Shorts (vs 39.8%), balance minus 18.8 (vs minus 20.3) </span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Small Specs (13.0% of total) -
</span></span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
8.3% of Longs (from 7.8%), 17.7% of Shorts (vs 18.4%), balance minus 9.4 (vs minus 10.6) </span></span></span>
<span><span><span></span></span></span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><br /> Total o/i was higher, but nett figures and balances were all reduced, suggesting reinforcement of existing opinions. There is still little guidance to be found in these figures (although the approach of the tightly balanced General Election [May 7th] is starting to heighten market nervousness). Commercials added to shorts, while both Large and Small Specs flirted with the long side. </span></span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span><span><span> </span></span></span></span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 113690, spreads 2379 (2.1%). Closing price Apr 7th 98.06</span> <br />
</span></span></span>
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<br />
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span>Nett differences: Commercials -89822 (from -92366) Large Specs +72806 (from +73143)<br />
Small Specs +17016 (from +19223)</span></span></span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span>Proportions - </span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span>
</span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span>
</span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Commercials (48.4% of total o/i) - 8.0% of Longs (from 7.6%), 88.7% of Shorts (vs 86.4%), balance minus 80.7 (vs minus 78.8)
</span></span></span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span>
</span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span><span>
</span></span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Large Specs (42.2% of total) - 74.9% of Longs (from 74.4%), 9.5% of Shorts (vs 12.0%), balance plus 65.4 (vs plus 62.4) </span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
Small
Specs (9.4% of total) - 17.1% of Longs (from 18.0%), 1.8% of Shorts (vs 1.6%), balance plus 15.3 </span></span></span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<span>
<span>
(vs plus 16.4)</span></span><br />
<span>
<span>
</span></span><br />
Large Specs apparently expect the upward trend to <span></span>be resumed, cutting their shorts considerably, but Commercials continue to sell - in the long run they tend to be right. </span></span></span></div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="post-body entry-content" id="post-body-7029909839444972347" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<span style="font-size: xx-small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-75892600267145835432015-04-04T07:57:00.000-07:002015-04-04T07:57:38.617-07:00CFTC COT data of Mar 31st 2015 - British Pound [BP], Dollar Index [DX] <h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2868214177294208880" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></div>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 182514, spreads 2354 (1.3%). Closing price Mar 31st 1.4835</span>
</span></span><br />
<span>
<span>
</span></span><br />
<span>
<span>
Nett differences: Commercials +55619 (from +58858) Large Specs -36630 (from -38557)</span></span><br />
</span></span><div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Small Specs -18989 (from -20301)</span></span>
<span><span>
</span></span>
<br />
</span></span><div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Proportions:
</span></span>
</span></span>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Commercials (57.2% of total o/i) - </span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
72.7% of Longs (from 71.4%), 41.8% of Shorts (vs 37.8%), balance plus 30.9 (vs plus 33.6)<br />
</span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Large Specs (29.7% of total) - </span></span></span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
19.5% of Longs (from 20.5%), 39.8% of Shorts (vs 42.5%), balance minus 20.3 (vs minus 22.0) </span></span></span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Small Specs (13.1% of total) -
</span></span>
</span></span>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
7.8% of Longs (from 8.1%), 18.4% of Shorts (vs 19.7%), balance minus 10.6 (vs minus 11.6) </span></span></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span><br />All outright numbers were reduced, but overall (both proportionately and outright) figures showed little demonstrable change. This may be the result of the current sideways market, or of the long Easter holiday weekend in Britain, but either way it doesn't help provide much guidance. </span></span></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span> </span></span></span></span></div>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 118796, spreads 1569 (1.3%). Closing price Mar 31st 98.65</span> <br />
</span></span></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span>Nett differences: Commercials -92366 (from -88574) Large Specs +73143 (from +71227)<br />
Small Specs +19223 (from +17347)</span></span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span>Proportions - </span></span></span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span>
</span></span></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span>
</span></span></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Commercials (47.0% of total o/i) - 7.6% of Longs (from 8.4%), 86.4% of Shorts (vs 86.0%), balance minus 78.8 (vs minus 77.6)
</span></span></span></span>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span>
</span></span></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span><span>
</span></span></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Large Specs (43.2% of total) - 74.4% of Longs (from 73.1%), 12.0% of Shorts (vs 10.7%), balance plus 62.4 (vs plus 62.4) </span></span></span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
Small
Specs (9.8% of total) - 18.0% of Longs (from 18.5%), 1.6% of Shorts (vs 3.3%), balance plus 16.4 </span></span></span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<span>
<span>
(vs plus 15.2)</span></span><br />
<span>
<span>
</span></span><br />
<span> </span>The limited change that has taken place - with Commercials going shorter and Small Specs going longer - simply reinforces our current moderately negative view. Large Specs added almost equally to both longs and shorts. </span></span></div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="post-body entry-content" id="post-body-7029909839444972347" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<span style="font-size: xx-small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-28682141772942088802015-03-29T13:49:00.002-07:002015-03-29T13:49:41.228-07:00CFTC COT data of Mar 24th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<br /><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<br />
<div class="post-body entry-content" id="post-body-8990843565360075920" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
</div>
<br />
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 178140, spreads 2698 (1.5%). Closing price Mar 24th 1.4850 </span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Nett differences: Commercials +58858 (from +59626) Large Specs -38557 (from -37851)</span></span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs -20301 (from -21775)</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Proportions:
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (54.6% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
71.4% of Longs (from 67.1%), 37.8% of Shorts (vs 35.1%), balance plus 33.6 (vs plus 32.0)<br />
</span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (31.5% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
20.5% of Longs (from 25.4%), 42.5% of Shorts (vs 45.7%), balance minus 22.0 (vs minus 20.3) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs (13.9% of total) -
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
8.1% of Longs (from 7.5%), 19.7% of Shorts (vs 19.2%), balance minus 11.6 (vs minus 11.7) </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br />Not much change in outright numbers, but proportionately Commercials
have added to longs rather more than they added to shorts, remaining overall on the bull tack. Large Specs cut all positions, while remaining nett short. Small
Specs also stayed short - it still seems likely that the Pound will continue to rise. </span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 116148, spreads 2036 (1.8%). Closing price Mar 24th 97.45</span> <br />
</span></span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -88574 (from -100818) Large Specs +71227 (from +79726)<br />
Small Specs +17347 (from +21092)</span></span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (47.2% of total o/i) - 8.4% of Longs (from 8.5%), 86.0% of Shorts (vs 85.6%), balance minus 77.6 (vs minus 77.1)
</span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (41.9% of total) - 73.1% of Longs (from 73.8%), 10.7% of Shorts (vs 12.8%), balance plus 62.4 (vs plus 61.0) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small
Specs (10.9% of total) - 18.5% of Longs (from 17.7%), 3.3% of Shorts (vs 1.6%), balance plus 15.2 </span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
(vs plus 16.1)</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> </span><span style="font-size: small;"><span>Unlike the situation in Sterling, there has been a marked change in nett numbers but very little in the proportionate - Commercials remain short, Specs remain long. We'll stay with the Commercials. </span></span></span></div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="post-body entry-content" id="post-body-7029909839444972347" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<span style="font-size: xx-small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-89908435653600759202015-03-21T04:51:00.000-07:002015-03-21T04:51:08.438-07:00CFTC COT data of Mar 17th 2015 - British Pound [BP], Dollar Index [DX] <h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-3831206874957020011" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 188238, spreads 2213 (1.2%). Closing price Mar 17th 1.4750 </span>
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +59626 (from +47650) Large Specs -37851 (from -32591)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs -21775 (from -15059)</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Proportions:
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (51.1% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
67.1% of Longs (from 66.9%), 35.1% of Shorts (vs 42.8%), balance plus 32.0 (vs plus 24.1)<br />
</span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (35.5% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
25.4% of Longs (from 24.3%), 45.7% of Shorts (vs 40.8%), balance minus 20.3 (vs minus 16.5) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs (13.4% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
7.5% of Longs (from 8.8%), 19.2% of Shorts (vs 16.4%), balance minus 11.7 (vs minus 7.6) </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br />Commercials
reduced shorts considerably, while Large Specs added to theirs - with Small
Specs also adding noticeably to shorts, any rise in prices could bring in quite a lot of covering. It seems even more likely that the Pound could strengthen from here. </span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 132548, spreads 1793 (1.4%). Closing price Mar 17th 99.95</span> <br />
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -100818 (from -99734) Large Specs +79726 (from +81270)<br />
Small Specs +21092 (from +18464)</span></span></div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (47.0% of total o/i) - 8.5% of Longs (from 11.3%), 85.6% of Shorts (vs 85.9%), balance minus 77.1 (vs minus 74.6)
</span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (43.4% of total) - 73.8% of Longs (from 72.7%), 12.8% of Shorts (vs 11.9%), balance plus 61.0 (vs plus 60.8) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small
Specs (9.6% of total) - 17.7% of Longs (from 16.0%), 1.6% of Shorts (vs 2.2%), balance plus 16.1 </span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
(vs plus 13.8)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">A great deal has happened since the COT figures were taken Tuesday night, including the massive price drop on Wednesday - based on these old figures, Commercials seem very happy to stay with their big short position. </span></span></div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="post-body entry-content" id="post-body-7029909839444972347" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<span style="font-size: xx-small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-38312068749570200112015-03-14T04:18:00.002-07:002015-03-14T04:18:37.745-07:00CFTC COT data of Mar 10th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 205166, spreads 7704 (3.8%). Closing price Mar 10th 1.5065 </span>
</span></span><br />
<div class="post-body entry-content" id="post-body-3412615094719792963" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +47650 (from +35400) Large Specs -32591 (from -26908)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs -15059 (from -8492)</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Proportions:
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (54.8% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
66.9% of Longs (from 61.2%), 42.8% of Shorts (vs 39.7%), balance plus 24.1 (vs plus 21.5)<br />
</span></span></div>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (32.6% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
24.3% of Longs (from 27.1%), 40.8% of Shorts (vs 43.4%), balance minus 16.5 (vs minus 16.3) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs (12.6% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
8.8% of Longs (from 11.7%), 16.4% of Shorts (vs 16.9%), balance minus 7.6 (vs minus 5.2) </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br />Commercials
have added to longs, both nett and proportionately, although their balance is by no means extreme. Large Specs added noticeably to shorts on a nett basis, but their proportionate figure was not much changed, since the total o/i increased considerably. Small
Specs retain a very small proportion of the total, but have added to shorts. All told, we might expect some steadiness for a while. </span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 148486, spreads 14822 (10.0%). Closing price Mar 10th 98.60</span> <br />
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -99734 (from -86444) Large Specs +81270 (from +67218)<br />
Small Specs +18464 (from +19226)</span></span><br />
</div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (48.6% of total o/i) - 11.3% of Longs (from 11.7%), 85.9% of Shorts (vs 83.1%), balance minus 74.6 (vs minus 71.4)
</span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (42.3% of total) - 72.7% of Longs (from 70.8%), 11.9% of Shorts (vs 15.3%), balance plus 60.8 (vs plus 55.5) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small
Specs (9.1% of total) - 16.0% of Longs (from 17.5%), 2.2% of Shorts (vs 1.6%), balance plus 13.8 </span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
(vs plus 15.9)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">The very large increase in spreads and in the total o/i could be explained by the approach of the March expiry, but otherwise recent trends seem expected to continue - always a dangerous circumstance. </span></span></div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="post-body entry-content" id="post-body-7029909839444972347" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<span style="font-size: xx-small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-34126150947197929632015-03-07T10:32:00.000-08:002015-03-07T10:32:24.162-08:00CFTC COT data of Mar 3rd 2015 - British Pound [BP], Dollar Index [DX]
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 165737, spreads 1097 (0.7%). Closing price Mar 3rd 1.5360 (Mar 6th 1.5050)</span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Nett differences: Commercials +35400 (from +33050) Large Specs -26908 (from -21870)</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
Small Specs -8492 (from -11180)</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Proportions:</span>
<span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (50.5% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
61.2% of Longs (from 61.3%), 39.7% of Shorts (vs 41.7%), balance plus 2.5 (vs plus 19.6)<br />
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (35.2% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
27.1% of Longs (from 27.8%), 43.4% of Shorts (vs 40.8%), balance minus 16.3 (vs minus 13.0) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs (14.3% of total) -
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
11.7% of Longs (from 10.9%), 16.9% of Shorts (vs 17.5%), balance minus 5.2 (vs minus 6.6) </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /> </span><span>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.</span></span></span></div>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<b> </b></span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 123981, spreads 2946 (2.4%). Closing price Mar 3rd 95.45</span> <br />
</span>
</span></span><br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -86444 (from -87872) Large Specs +67218 (from +68157)<br />
Small Specs +19226 (from +19715)</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
</div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
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)
</span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
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) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small
Specs (9.6% of total) - 17.5% of Longs (from 18.3%), 1.6% of Shorts (vs 1.3%), balance plus 15.9 </span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
(vs plus 17.0)</span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span> </span>
<span></span></span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span> </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span> 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. </span></span></span></div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="post-body entry-content" id="post-body-7029909839444972347" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<span style="font-size: x-small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span></div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-70299098394449723472015-03-01T03:20:00.001-08:002015-03-07T10:12:00.352-08:00CFTC COT data of Feb 24th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br />
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-header">
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-6255161646487636130" itemprop="description articleBody">
<div class="post-header">
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-header">
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<div class="post-body entry-content" id="post-body-3202943817524569417" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-title entry-title" itemprop="name">
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 169784, spreads 1612 (0.9%). Closing price Feb 24th 1.5450 </span>
<br />
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Nett differences: Commercials +33050 (from +41305) Large Specs -21870 (from -28798)<br />
Small Specs -11180 (from -12507)</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Proportions:</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (51.5% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
61.3% of Longs (from 64.2%), 41.7% of Shorts (vs 39.7%), balance plus 19.6 (vs plus 24.4)<br />
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (34.3% of total) - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
27.8% of Longs (from 25.4%), 40.8% of Shorts (vs 42.5%), balance minus 13.0 (vs minus 17.0) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs (14.2% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
10.9% of Longs (from 10.4%), 17.5% of Shorts (vs 17.8%), balance minus 6.6 (vs minus 7.4) <br />
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Once again, Commercials
have cut longs and added to shorts, with Large Specs doing the reverse.
Small Specs remain insignificant. The main trend appears to remain as before - upward. </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br /></span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 118929, spreads 3170 (2.7%). Closing price Feb 24th 94.52</span> <br />
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Nett differences: Commercials -87872 (from -86382) Large Specs +68157 (from +66062)<br />
Small Specs +19715 (from +20320)</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br /></span></span>
</div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Proportions - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (49.2% of total o/i) - 11.2% of Longs (from 11.6%), 87.1% of Shorts (vs 88.8%), balance minus 75.9 (vs minus 77.2)
</span></span>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (41.0% of total) - 70.5% of Longs (from 68.5%), 11.6% of Shorts (vs 9.5%), balance plus 58.9 (vs plus 59.0) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small
Specs (9.8% of total) - 18.3% of Longs (from 19.9%), 1.3% of Shorts (vs 1.7%), balance plus 17.0 </span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
(vs plus 18.2)
</span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br /></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Commercials have not changed positions much, at least on a proportionate basis, but Large Specs have added to both longs and shorts, leaving their balance unchanged. Small Specs are slightly less long on balance - the changes seem to reflect considerable uncertainty here. </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-footer-line post-footer-line-1">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: xx-small;"><span class="post-author vcard">
</span></span></span></div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-62551616464876361302015-02-21T03:35:00.000-08:002015-02-21T03:35:21.051-08:00CFTC COT data of Feb 17th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-1797431793797202937" itemprop="description articleBody">
<h3 class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span></h3>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span>
<div class="post-body entry-content" id="post-body-3202943817524569417" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-title entry-title" itemprop="name">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 170627, spreads 1630 (1.0%). Closing price Feb 17th 1.5350 </span>
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +41305 (frpm +54486) Large Specs -28798 (from -38603)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs -12507 (from -15883)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Proportions:<br /></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (51.9% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
64.2% of Longs (from 69.6%), 39.7% of Shorts (vs 38.4%), balance plus 24.4 (vs plus 31.2)<br />
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (34.0% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
25.4% of Longs (from 21.1%), 42.5% of Shorts (vs 43.2%), balance minus 17.0 (vs minus 22.1) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs (14.1% of total) -
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
10.4% of Longs (from 9.3%), 17.8% of Shorts (vs 18.4%), balance minus 7.4 (vs minus 9.1) <br />
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Commercials have cut longs and added to shorts, while Large Specs done the reverse. Small Specs have only a very small share of the total open position at present, and can probably be disregarded as a factor. The main trend thus appears to remain upward. </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 115630, spreads 3779 (3.2%). Closing price Feb 17th 94.11</span> <br />
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -86382 (from -88269) Large Specs +66062 (from +68938)<br />
Small Specs +20320 (from +19331)<br /></span></span>
</div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (50.2% of total o/i) - 11.6% of Longs (from 10.5%), 88.8% of Shorts (vs 89.7%), balance minus 77.2 (vs minus 79.2)
</span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (39.0% of total) - 68.5% of Longs (from 70.6%), 9.5% of Shorts (vs 8.7%), balance plus 59.0 (vs plus 61.9) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small
Specs (10.8% of total) - 19.9% of Longs (from 18.9%), 1.7% of Shorts (vs 1.6%), balance plus 18.2 </span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
(vs plus 17.3)
</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Commercials have added to longs and left shorts around unchanged, while Large Specs have done the reverse. Small Specs have
again added to nett longs - not normally bullish for the Dollar. </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;">
</span></span><br />
<div class="post-footer-line post-footer-line-1">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: x-small;"><span class="post-author vcard">
</span></span></span></div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-17974317937972029372015-02-14T03:04:00.000-08:002015-02-14T03:04:09.602-08:00CFTC COT data of Feb 10th 2015 - British Pound [BP], Dollar Index [DX] <h3 class="post-title entry-title" itemprop="name">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></h3>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div class="post-body entry-content" id="post-body-3202943817524569417" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-title entry-title" itemprop="name">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 175966, spreads 1542 (0.8%). Closing price Feb 10th 1.5250 </span></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br />
<span>
Nett differences: Commercials +54486 (from +61088) Large Specs -38603 (from -42398)</span><br />
<span>
Small Specs -15883 (from -18690)</span></span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Proportions:</span></span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (54.0% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
69.6% of Longs (from 71.1%), 38.4% of Shorts (vs 37.4%), balance plus 31.2 (vs plus 33.7)<br />
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span></span></span>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (32.2% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
21.1% of Longs (from 20.0%), 43.2% of Shorts (vs 43.4%), balance minus 22.1 (vs minus 23.4) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs (13.8% of total) -
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> <span> 9.3% of Longs (from 8.9%), 18.4% of Shorts (vs 19.2%), balance minus 9.1 (vs minus 10.3)
<br />
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Almost all sectors of the open interest have been reduced, with Commercials taking some profits on their longs - but not to any extreme extent. Large Specs similarly have cut some shorts, but remain bearish overall. There seems to be no rush to go long the Pound, although that could be the favoured position from here - the downtrend from last July's highs has been broken, after all. </span></span></span>
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<b> </b></span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 114816, spreads 3342 (2.9%). Closing price Feb 10th 94.82</span> </span><br />
<span> </span>
</span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -88269 (from -90600) Large Specs +68938 (from +71606)<br />
Small Specs +19331 (from +18994)</span></span></span><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
</div>
</div>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> <span>Commercials (50.0% of total o/i) - 10.5% of Longs (from 11.3%), 89.7% of Shorts (vs 84.8%), balance minus 79.2 (vs minus 73.5)
</span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span>
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> <span>Large Specs (39.7% of total) - 70.6% of Longs (from 71.5%), 8.7% of Shorts (vs 13.4%), balance plus 61.9 (vs plus 58.1) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span> Small
Specs (10.3% of total) - 18.9% of Longs (from 17.2%), 1.6% of Shorts (vs 1.8%), balance plus 17.3 </span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span> (vs plus 15.4) </span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
Commercials have added again to their overall short position (both nett
and
proportionate); although their nett short position is slightly lower, proportionately it is extremely high. Additionally, Small Specs have added to nett longs - neither statistic is bullish for the Dollar, even though this view may be counter-intuitive. </span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div class="post-footer-line post-footer-line-1">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span class="post-author vcard">
</span></span></span></div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-32029438175245694172015-02-07T02:56:00.000-08:002015-02-07T02:57:15.273-08:00CFTC COT data of Feb 3rd 2015 - British Pound [BP], Dollar Index [DX] <div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-1790065164076894502" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-title entry-title" itemprop="name">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 182903, spreads 1677 (0.9%). Closing price Feb 3rd 1.5160 </span></span></span><br />
<br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Nett differences: Commercials +61088 (from +66219) Large Specs -42398 (from -45340)</span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs -18690 (from -20879) </span></span><br />
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<br />
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Proportions:</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (54.2% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
71.1% of Longs (from 70.4%), 37.4% of Shorts (vs 34.3%), balance plus 33.7 (vs plus 36.1)<br />
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"></span></span><br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (31.7% of total) - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
20.0% of Longs (from 21.1%), 43.4% of Shorts (vs 45.8%), balance minus 23.4 (vs minus 24.7) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Small Specs (14.1% of total) -
</span></span><br />
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
8.9% of Longs (from 8.5%), 19.2% of Shorts (vs 19.9%), balance minus 10.3 (vs minus 11.4)
<br />
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Once again, not enough change in proportions to give any particular signal/s - but the decrease in total open interest and in nett positions held might indicate an impending change in trend. </span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 125025, spreads 1830 (1.5%). Closing price Feb 3rd 93.75</span> </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> </span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Nett differences: Commercials -90600 (from -90114) Large Specs +71606 (from +70673)<br />
Small Specs +18994 (from +19441) </span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">Proportions - </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials (48.0% of total o/i) - 11.3% of Longs (from 10.2%), 84.8% of Shorts (vs 80.8%), balance minus 73.5 (vs minus 70.6)
</span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Large Specs (42.5% of total) - 71.5% of Longs (from 72.2%), 13.4% of Shorts (vs 16.9%), balance plus 58.1 (vs plus 55.3) </span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"> Small
Specs (9.5% of total) - 17.2% of Longs (from 17.6%), 1.8% of Shorts (vs 2.3%), balance plus 15.4 (vs plus 15.3) </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials have added again to their overall short position (both nett and
proportionate), with their nett standing at the highest for over 12 months.Since they are (theoretically at least) the best capitalised, and therefore the most capable of holding on to positions against the trend, in the long run they are likely to win. We shall be watching for 'technical' sell signals. </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-17900651640768945022015-01-31T03:46:00.003-08:002015-01-31T03:46:35.370-08:00CFTC COT data of Jan 27th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-2573363304954640842" itemprop="description articleBody">
<div class="post-header">
</div>
<div class="post-title entry-title" itemprop="name">
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 185350, spreads 1916 (1.0%). Closing price Jan 27th 1.5190 </span></span></span><br />
<br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Nett differences: Commercials +66219 (from +66280) Large Specs -45340 (from -45708)</span></span><br />
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs -20879 (from -20572)
</span></span><br />
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<br />
<br />
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Proportions:</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (52.4% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
70.4% of Longs (from 71.5%), 34.3% of Shorts (vs 34.7%), balance plus 36.1 (vs plus 36.8)<br />
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (33.4% of total) - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
21.1% of Longs (from 19.6%), 45.8% of Shorts (vs 45.0%), balance minus 24.7 (vs minus 25.4) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs (14.2% of total) -
</span></span><br />
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
8.5% of Longs (from 8.9%), 19.9% of Shorts (vs 20.3%), balance minus 11.4 (vs minus 11.4)
<br />
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Really not enough change to give any particular signal/s - with values almost unchanged for 4 weeks, thats not surprising. Commercials are still expecting the Pound to rise. </span></span><br />
<br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 129495, spreads 1790 (1.4%). Closing price Jan 27th 94.26</span>
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<br />
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Nett differences: Commercials -90114 (from -89122) Large Specs +70673 (from +73168)<br />
Small Specs +19441 (from +15954) </span></span></div>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Proportions - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Commercials (45.5% of total o/i) - 10.2% of Longs (from 10.4%), 80.8% of Shorts (vs 79.6%), balance minus 70.6 (vs minus 69.2)
</span></span>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Large Specs (44.6% of total) - 72.2% of Longs (from 75.4%), 16.9% of Shorts (vs 18.6%), balance plus 55.3 (vs plus 56.8) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"> Small
Specs (9.9% of total) - 17.6% of Longs (from 14.2%), 2.3% of Shorts (vs 1.8%), balance plus<br />
15.3 (vs plus 12.4) </span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
Commercials now have their biggest short position (both nett and proportionate) for some time - but they have been wrong before ... On the other hand, Small Commercials have a sizeable long position - but they are sometimes right. We'll wait for more guidance ... </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-25733633049546408422015-01-24T03:38:00.000-08:002015-01-24T03:38:22.196-08:00COT data of Jan 20th 2015 - British Pound [BP], Dollar Index [DX] <div class="post-title entry-title" itemprop="name">
<br /><span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span></div>
<div class="post-header">
</div>
<br />
<div class="post-title entry-title" itemprop="name">
</div>
<div class="post-header">
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><span style="font-weight: normal;"><b>British Pound</b>s - Total o/i 182860, spreads 2718 (1.5%). Closing price Jan 20th 1.5145 </span></span></span></span><br />
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span></span>
<span>
Nett differences: Commercials +66280 (from +57827) Large Specs -45708 (from -37140)</span></span></span><br />
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
Small Specs -20572 (from -20687)
</span></span></span><br />
<br />
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Proportions:</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Commercials (53.1% of total o/i) - </span></span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
71.5% of Longs (from 67.2%), 34.7% of Shorts (vs 34.3%), balance plus 36.8 (vs plus 32.9)<br />
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Large Specs (32.3% of total) - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
19.6% of Longs (from 23.8%), 45.0% of Shorts (vs 44.9%), balance minus 25.4 (vs minus 21.1) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small Specs (14.6% of total) -
</span></span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
8.9% of Longs (from 9.0%), 20.3% of Shorts (vs 20.8%), balance minus 11.4 (vs minus 11.8)
<br />
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Commercials
continue to go longer; Large Specs have been cutting longs. Both have left short positions almost unchanged. Small Specs remain short on balance, although with only a limited commitment. We repeat, based on these figures, the next large move appears to be up rather than down for the
Pound.</span></span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
<b> </b></span></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 130077, spreads 1320 (1.0%). Closing price Jan 20th 93.33</span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Nett differences: Commercials -89122 (from -87321) Large Specs +73168 (from +71960)<br />
Small Specs +15954 (from +15361) </span></span></span></div>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Proportions - </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Commercials (45.0% of total o/i) - 10.4% of Longs (from 11.1%), 79.6% of Shorts (vs 80.4%), balance minus 69.2 (vs minus 69.3)
</span></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>
</span></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Large Specs (47.0% of total) - 75.4% of Longs (from 75.2%), 18.6% of Shorts (vs 18.1%), balance plus 56.8 (vs plus 57.1) </span></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
<span>
Small
Specs (8.0% of total) - 14.2% of Longs (from 13.7%), 1.8% of Shorts (vs 1.5%), balance plus<br />
12.4 (vs plus 12.2) </span></span></span><br />
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span><br /></span></span></span>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><span>Again, no significant change from previously - should mean the recent trend continues. </span></span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0tag:blogger.com,1999:blog-8431886620547553786.post-85013172269859864572015-01-17T03:06:00.001-08:002015-01-17T03:06:34.120-08:00COT data of Jan 13th 2015 - British Pound [BP], Dollar Index [DX] <h3 class="post-title entry-title" itemprop="name">
</h3>
<div class="post-header">
</div>
<div class="post-body entry-content" id="post-body-5167865239879029094" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7206653137745507538" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-5432556967557407810" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-1297729295150704053" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2602293493679634934" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-weight: normal;"><b>British Pound</b>s <span style="font-family: "Trebuchet MS",sans-serif;">- Total o/i 178563, spreads 2543 (1.4%). Closing price Jan 13th 1.5165 </span></span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"></span></span>
<div class="post-body entry-content" id="post-body-990102039022057477" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4214946874519128135" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-4524257820180287266" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Nett differences: Commercials +57827 (from +45197) Large Specs -37140 (from -25570)<br />
Small Specs -20687 (from -19627)
</span></span><br />
<div class="post-body entry-content" id="post-body-2946677508709188397" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2114255099241232675" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-2627383365599929709" itemprop="description articleBody">
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Proportions:</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Commercials (50.7% of total o/i) - </span></span></div>
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
67.2% of Longs (from 65.2%), 34.3% of Shorts (vs 36.7%), balance plus 32.9 (vs plus 28.5)<br />
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-8250933479324930758" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Large Specs (34.4% of total) - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
23.8% of Longs (from 24.7%), 44.9% of Shorts (vs 40.8%), balance minus 21.1 (vs minus 16.1) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small Specs (14.9% of total) -
</span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
9.0% of Longs (from 10.1%), 20.8% of Shorts (vs 22.5%), balance minus 11.8 (vs minus 12.4)
<br />
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">With Commercials
still going longer, while Small Specs hold only a small long position, conditions (surprisingly) appear to favour up rather than down for the Pound.</span></span><br />
<div class="post-body entry-content" id="post-body-8387263606043991776" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
<b> </b></span></span></div>
<div class="post-body entry-content" id="post-body-7749994206690988136" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><b>Dollar Index</b>: <span style="font-weight: normal;">Total o/i 127504, spreads 1601 (1.3%). Closing price Jan 13th 92.46</span>
<br /></span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<div class="post-body entry-content" id="post-body-3716724501784601301" itemprop="description articleBody">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Nett differences: Commercials -87321 (from -85162) Large Specs +71960 (from +69786)<br />
Small Specs +15361 (from +15376) </span></span></div>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Proportions - </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Commercials (45.8% of total o/i) - 11.1% of Longs (from 8.3%), 80.4% of Shorts (vs 76.6%), balance minus 69.3 (vs minus 68.3)
</span></span>
</div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
</span></span>
<br />
<div class="post-body entry-content" id="post-body-7203764751253415095" itemprop="description articleBody" style="margin: 0px 6px 0px 5px;">
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">Large Specs (46.6% of total) - 75.2% of Longs (from 77.9%), 18.1% of Shorts (vs 21.9%), balance plus 57.1 (vs plus 56.0) </span></span></div>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">
Small
Specs (7.6% of total) - 13.7% of Longs (from 13.8%), 1.5% of Shorts (vs 1.5%), balance plus<br />
12.2 (vs plus 12.3) </span></span><br />
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;"><br /></span></span>
<span style="font-size: small;"><span style="font-family: "Trebuchet MS",sans-serif;">No significant change from previously - Large Specs continue to make money, although their overall commitment is lessening ... </span></span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
Mikeyhttp://www.blogger.com/profile/08482921681098147680noreply@blogger.com0