Non-commercials behavior in pounds: Shorts in demand again

The price fell below the 1.54. Large speculators reduced in comparison week long and built again more on short positions, after three weeks earlier, the net value rose. Inflationary 's report this week will be an important event.

British Pound - Chicago Mercantile Exchange (CME) ( GBP / USD)

The COT report captures the positioning of three groups a: d ie positioning and positioning change in the non-commercials (large speculators), Commercials & Small Speculators.

Futures GBP / USD COT positioning figures in contracts

Positioning of the non-commercials "F o nds, banks, asset managers "

Net position (long contracts - short contracts, the large speculators)

The large speculators are positioned -63 086 contracts (net size) Short majority. The net position fell compared to the previous week to -4479 contracts in the previous month, the value rose by 6,883 contracts.

Long-positioning

This group of large speculators increased their long positions by 1.49% (464 contracts) compared to the previous week, month on month, the long positions rose by 16.37% (4,438 contracts). The pure long position of 31,542 contracts.

Short-positioning

In comparison, the Great Week speculators increased their short positions by 5.51% (-4943 contracts), month on month, they reduced this to -2.52% (2,445 contracts). The pure group of short positions is -94 628 contracts.

Snapshot:% ratio

Current ratio of the exhibition of the large speculators 25.00% of the Group's positions are Longs, 75.00% are short positions. The majority short positions may be an indication for further price weakness.

Positioning tendency

In comparison week fell, the 4-week comparison increased the net position.

The sentiment index of large speculators trading at 10.56 and thus the bearish extreme range (0-20).Last week, the index was at 14.03. Large speculators are positioned very bearish for the weakness of the market. The weakness could continue, unilateral high positioning can continue to grow and there are also longer. For counter-cyclical positions, however, the range may be of interest. A dismantling of the extreme can be signif i accompanied edge retracements and trend changes. A subsequent break above the 20 line in a mood indicator begins: the one-sided positioning could be degraded in the course and be interesting for countercyclical long positions.

Look at the net position only one year period.........