COT data of Oct 1st 2013 - British Pound [BP]

British Pounds - Total o/i  172422; spreads 3840 (= 2.2%). Closing price on Oct 1st: 1.6195

Nett differences:

Commercials -14773 (from -12372)  Large Specs +1496 (from 1174)  Small Specs +13277 (from 11198)

 

Proportions: 

Commercials (52.6% of total o/i) - 48.1% of Longs, 56.9% of Shorts, balance minus 8.8

Large Specs (27.6% of total) - 28.1% of Longs, 27.2% of Shorts, balance plus 0.9

Small Specs (19.8% of total) - 23.8% of Longs, 15.9% of Shorts, balance plus 7.9 

[Updated for reference purposes]

COT data of Sep 24th 2013 - British Pound [BP]

British Pounds - Total o/i  163719; spreads 3432 (= 2.1%). Closing price on Sep 24th: 1.6005

Nett differences:

Commercials -12372 (from -2655)  Large Specs +1174 (from -6310).  Small Specs +11198 (from +8965)

 

Proportions:  

Commercials (48.7% of total o/i) - 44.9% of Longs, 52.6% of Shorts, balance minus 7.7

Large Specs (31.3% of total) - 31.6% of Longs, 30.9% of Shorts, balance plus 0.7

Small Specs (20.0% of total) - 23.5% of Longs, 16.5% of Shorts, balance plus 7.0 

[Updated for reference purposes]

CFTC has published ONLY the figures for Oct 1 (so far) ...

Waiting for more updates ...

CFTC Announcement, re C O T ...

Special Announcement

The Commitments of Traders reports previously scheduled for release on October 18^th will not be published this week.

Still no update possible, due to continued absence of COT figures ...

No update possible at the moment, due to absence of COT figures ...

COT data of Sep 17th 2013 - British Pound [BP]

British Pounds - Total o/i  141735; spreads 2811 (= 2.0%). Closing price on Sep 17th: 1.5905

The switch of trading months did indeed affect Spread numbers - they have reverted to more normal levels.  

Nett differences:

Commercials -2655 (from +36534)  Large Specs -6310 (from -38166).  Small Specs +8965 (from +1632)

 

Proportions:  

Commercials (43.7% of total o/i) - 42.8% of Longs, 44.7% of Shorts, balance minus 2655

Large Specs (34.0% of total) - 31.8% of Longs, 36.3% of Shorts, balance minus 4.5

Small Specs (22.3% of total) - 25.4% of Longs, 19.0% of Shorts, balance plus 6.4 
 
These figures reflect the position last Tuesday ev ening, before the Fed surprised markets by leaving QE at unchanged levels, and much alteration has probably taken place since then. However, based on these figures, it is notable that Commercials had reduced their longs massively, in addition to cutting shorts, while Small Specs added to longs and reduced shorts. With Small Specs holding over 22% of the total open position, choppy trading was to be expected. Our medium term attitude remains - Commercials have been taking advantage of higher prices to sell, and Small Specs are unduly long.