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Investing.com sentiment: speculators add to bearish bets on S&P 500

Published 15/06/2015, 10:27
© Reuters.  Speculators add to bearish bets on S&P 500 last week
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Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators added to their bearish bets against the S&P 500 in the week ending June 12.

According to the report, 23.3% of investors were long the S&P 500 as of last week, down from just 41.5% in the preceding week. A reading between 30% and 50% is bearish.

Meanwhile, 33.6% of investors held long positions in EUR/USD, improving from 28.9% in the preceding week.

Elsewhere, 36.0% of investors were long in GBP/USD, compared to 38.8% a week earlier, 63.0% of market participants held long positions in USD/JPY, up from 60.1% in the preceding week, while 52.7% of investors were long USD/CHF, down slightly from 53.3% in the previous week.

Amongst the commodity-linked currencies, 50.7% were long USD/CAD, compared to 42.9% a week earlier, 43.4% held long positions in AUD/USD, up from 41.5% in the preceding week, while 45.5% were long NZD/USD, compared to 43.9% a week earlier.

In the commodities market, 50.1% of market participants held long positions in gold futures as of last week, down from 58.9% 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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