CFTC COT data of Mar 17th 2015 - British Pound [BP], Dollar Index [DX]

British Pounds - Total o/i 188238, spreads 2213 (1.2%).  Closing price Mar 17th 1.4750 
 

  Nett differences:  Commercials  +59626 (from +47650)  Large Specs -37851 (from -32591)
                              Small Specs -21775 (from -15059)

  Proportions:

 Commercials (51.1% of total o/i) - 

  67.1% of Longs (from 66.9%), 35.1% of Shorts (vs 42.8%), balance plus 32.0 (vs plus 24.1)

 Large Specs (35.5% of total) - 

   25.4% of Longs (from 24.3%), 45.7% of Shorts (vs 40.8%), balance minus 20.3 (vs minus 16.5)   

  Small Specs (13.4% of total) - 

  7.5% of Longs (from 8.8%), 19.2% of Shorts (vs 16.4%), balance minus 11.7 (vs minus 7.6)

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.

 

Dollar Index: Total o/i 132548, spreads 1793 (1.4%). Closing price Mar 17th 99.95
 

Nett differences:  Commercials -100818 (from -99734)  Large Specs +79726 (from +81270)
                              Small Specs +21092 (from +18464)

Proportions -

 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)

 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) 

  Small Specs (9.6% of total) - 17.7% of Longs (from 16.0%), 1.6% of Shorts (vs 2.2%), balance plus 16.1

 (vs plus 13.8)
   
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.