Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators increased their bearish bets against the S&P 500 and the euro in the week ending May 29.
According to the report, only 25.8% of investors were long the S&P 500 as of last week, down from 35.4% in the preceding week.
Meanwhile, 23.0% of investors held long positions in EUR/USD, compared to 34.0% in the preceding week. A reading below 30% indicates oversold conditions.
Elsewhere, 38.9% of investors were long in GBP/USD, down from 44.0% a week earlier, 61.9% of market participants held long positions in USD/JPY, improving from 47.4% in the preceding week, while 44.9% of investors were long USD/CHF, compared to 49.5% in the previous week.
Amongst the commodity-linked currencies, 42.7% were long USD/CAD, up from 40.1% a week earlier, 49.4% held long positions in AUD/USD, compared to 46.9% in the preceding week, while 48.3% were long NZD/USD, improving from 41.8% a week earlier.
In the commodities market, 54.0% of market participants held long positions in gold futures as of last week, down from 63.2% in the preceding week.
A reading between 50%-70% is bullish for the instrument, a reading between 30% and 50% is bearish, a reading above 70% indicates overbought conditions and a reading below 30% indicates oversold conditions.
The Investing.com series of indexes is developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions.
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Investing.com sentiment: bets against S&P 500, euro rise last week
Published 01/06/2015, 10:33
Updated 01/06/2015, 10:36
Investing.com sentiment: bets against S&P 500, euro rise last week
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