COT data of Jan 6th 2015 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 161876, spreads 3132 (1.9%).  Closing price Jan 6th 1.5140

  Nett differences:  Commercials  +45197 (from +36809)  Large Specs -25570 (from -19302)
                              Small Specs -19627 (from -17507)   

  Proportions:

 Commercials (50.9% of total o/i) - 

  65.2% of Longs (from 64.0%), 36.7% of Shorts (vs 37.9%), balance plus 28.5 (vs plus 26.1)

 Large Specs (32.7% of total) - 

  24.7% of Longs (from 24.8%), 40.8% of Shorts (vs 38.5%), balance minus 16.1 (vs minus 13.7)   

  Small Specs (16.4% of total) - 

  10.1% of Longs (from 11.2%), 22.5% of Shorts (vs 23.6%), balance minus 12.4 (unchanged) 
 

Commercials again added to longs more than shorts, while Small Specs appear somewhat over-committed to the short side. Some base-building would not be a surprise ... 

 

Dollar Index: Total o/i 126083, spreads 1339 (1.1%). Closing price Jan 6th 91.83

Nett differences:  Commercials -85162 (from -63413)  Large Specs +69786 (from +48833)
                              Small Specs +15376 (from +14580)

Proportions -

Commercials (42.4% of total o/i) - 8.3% of Longs (from 7.4%), 76.6% of Shorts (vs 67.5%), balance minus 68.3 (vs minus 60.1)

Large Specs (49.9% of total) - 77.9% of Longs (from 77.4%), 21.9% of Shorts (vs 31.1%), balance plus 56.0 (vs plus 46.3) 

 Small Specs (7.7% of total) - 13.8% of Longs (from 15.2%), 1.5% of Shorts (vs 1.4%), balance plus
 12.3 (vs plus 13.8) 

Large Specs appear excessively long, Commercials appear excessively short - any downmove from here could be a) abrupt, or b) long-lasting - or c) both ...