Investing.com - The Investing.com weekly sentiment index published on Tuesday revealed that market players added to their bearish bets on the euro in the week ending October 31.
According to the report, 35.4% of investors held long positions in EUR/USD as of last week, down from 37.3% in the preceding week. A reading between 30% and 50% is considered bearish.
Meanwhile, 51.3% of investors were long in GBP/USD, compared to 49.7% a week earlier.
Elsewhere, 56.3% of market participants held long positions in USD/JPY last week, up from 55.1% a week earlier, while 54.7% of investors were long USD/CHF, down from 55.4% in the preceding week.
Amongst the commodity-linked currencies, 48.2% were long USD/CAD, compared to 52.2% a week earlier, 50.6% held long positions in AUD/USD, up from 49.1% in the preceding week, while 55.0% were long NZD/USD, little changed from 54.9% a week earlier.
The report also showed that 35.4% of investors were long on the S&P 500 last week, up from 28.0% a week earlier.
In the commodities market, 63.7% of market participants held long positions in gold last week, down from 68.1% in the previous week.
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.
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.