COT data of Sep 2nd 2014 - British Pound [BP]

British Pounds - Total o/i 238973, spreads 3816 (1.6%).  Closing price Sep 2nd 1.6470

Nett differences:  Commercials -7550 (from -17413)  Large Specs +9448 (from +15467)  Small Specs -1898 (from +1946)

Proportions:    

Commercials (61.4% of total o/i) -

59.8% of Longs (from 56.8%), 63.0% of Shorts (vs 64.4%), balance minus 3.2 (vs minus 7.6)

Large Specs (26.7% of total) -

28.7% of Longs (from 31.0%), 24.7% of Shorts (vs 24.3%), balance plus 4.0 (vs plus 6.7)

Small Specs (11.9% of total) -

11.5% of Longs (from 12.2%), 12.3% of Shorts (vs 11.3%), balance minus 0.8 (vs plus 0.9) 

Total open interest rose, to the highest in 6 weeks, with Commercials adding to longs (on both views, outright and proportionate), and reducing shorts (proportionately). Large Specs reduced longs considerably, while adding noticeably to outright shorts, although they left them almost unchanged on a proportionate basis. Small Specs moved from nett long to nett short. A change of trend appears to be nearer at hand than it was. 

 

[ Dollar Index:  Proportions -   

Commercials (28.4% of total o/i) -

6.7% of Longs (from 6.4%), 50.2% of Shorts (vs 48.6%), balance minus 43.5 (vs minus 42.2)

Large Specs (64.8% of total) -

81.8% of Longs (from 82.5%), 47.7% of Shorts (vs 49.7%), balance plus 34.1 (vs plus 32.8)

Small Specs (6.8% of total) -

11.5% of Longs (from 11.1%), 2.1% of Shorts (vs 1.7%), balance plus 9.4 (unchanged)