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Investing.com sentiment: speculators less bearish on euro

Published 04/05/2015, 10:40
Updated 04/05/2015, 10:53
© Reuters. Investing.com sentiment index shows speculators less bearish on euro last week
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Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators scaled back their bearish bets against the euro in the week ending May1.

According to the report, 28.3% of investors held long positions in EUR/USD as of last week, up from 23.7% in the preceding week. A reading below 30% indicates oversold conditions.

Meanwhile, 31.0% of investors were long in GBP/USD, compared to 29.7% a week earlier, 47.2% of market participants held long positions in USD/JPY, down from 52.0% in the preceding week, while 55.7% of investors were long USD/CHF, little changed from 55.9% in the previous week.

Amongst the commodity-linked currencies, 42.3% were long USD/CAD, down from 49.1% a week earlier, 42.3% held long positions in AUD/USD, up from 39.8% in the preceding week, while 27.3% were long NZD/USD, compared to 27.2% a week earlier.

Elsewhere, 32.7% of investors were long the S&P 500 as of last week, improving from 30.9% in the preceding week.

In the commodities market, 56.6% of market participants held long positions in gold futures as of last week, up from 55.6% 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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