COT data of Oct 21st 2014 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 135766, spreads 2604 (1.9%).  Closing price Oct 21st 1.6115
 
Nett differences:  Commercials  +16808 (from +15351)  Large Specs -4485 (from -2837)  
                              Small Specs -12323 (from -12514)
 Proportions:

Commercials (53.2% of total o/i) -

59.5% of Longs (from 54.6%), 46.9% of Shorts (vs 43.3%), balance plus 12.6 (vs plus 11.3)

Large Specs (29.1% of total) - 

27.4% of Longs (from 31.7%), 30.8% of Shorts (vs 33.8%), balance minus 3.4 (vs minus 2.1)

Small Specs (17.7% of total) - 

13.1% of Longs (from 13.7%), 22.3% of Shorts (vs 22.9%), balance minus 9.2 (unchanged) 

 

  Commercials have added to both longs and shorts, reverting to their normal majority share of total open interest; on balance, they have moved slightly longer - in fact, to the greatest extent for some months. Large Specs, on the other hand, have reduced all positions, but remain short overall. Small Specs remain quite short, suggesting higher prices if anything.

 

Dollar Index: Total o/i 80315, spreads 2048 (2.5%). Closing price Oct 21st 85.40

  

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

Proportions - 

Commercials (44.5% of total o/i) - 6.8% of Longs (from 8.3%), 82.1% of Shorts (vs 73.4%), balance minus 75.3 (vs minus 65.1)

Large Specs (47.9% of total) - 80.0% of Longs (from 79.3%), 15.8% of Shorts (vs 24.9%), balance plus 64.2 (vs plus 54.4) 

Small Specs (7.6% of total) - 13.2% of Longs (from 12.4%), 2.1% of Shorts (vs 1.7%), balance plus 11.1 (vs plus 10.7) 

  Total open interest is sharply lower, with Commercials (proportionately) reducing longs and adding to shorts - suggesting lower values to come.