Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players added to their bearish bets on the euro in the week ending January 16.
According to the report, 28.9% of investors held long positions in EUR/USD last week, down from 35.5% in the preceding week. A reading below 30% indicates oversold conditions.
Meanwhile, 35.7% of investors were long in GBP/USD, compared to 45.6% a week earlier.
Elsewhere, 61.6% of market participants held long positions in USD/JPY, down from 65.7% during the previous week, while 55.3% of investors were long USD/CHF, compared to 56.6% in the preceding week.
Amongst the commodity-linked currencies, 43.2% were long USD/CAD, down from 46.3% a week earlier, 36.3% held long positions in AUD/USD, compared to 51.1% in the preceding week, while 39.4% were long NZD/USD, down from 46.4% a week earlier.
In the commodities market, 53.3% of market participants held long positions in gold futures as of last week, down from 60.9% in the previous week.
The report also showed that 51.7% of investors were long the S&P 500 as of last week, down from 60.6% 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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Investing.com sentiment report: bearish euro bets surge last week
Published 01/19/2015, 05:51 AM
Investing.com sentiment report: bearish euro bets surge last week
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