Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators reduced their bearish bets against the euro and the S&P 500 in the week ending March 6.
According to the report, 35.6% of investors held long positions in EUR/USD as of last week, up from 34.4% in the preceding week.
Meanwhile, 33.6% of investors were long the S&P 500 last week, improving from 30.0% in the preceding week.
A reading between 30% and 50% is bearish for the instrument.
Elsewhere, 41.3% of investors were long in GBP/USD, little changed from 41.6% a week earlier, 56.3% of market participants held long positions in USD/JPY, compared to 54.5% in the preceding week, while 46.6% of investors were long USD/CHF, down from 49.1% in the previous week.
Amongst the commodity-linked currencies, 49.9% were long USD/CAD, compared to 51.4% a week earlier, 31.1% held long positions in AUD/USD, down from 36.6% in the preceding week, while 39.0% were long NZD/USD, up from 34.4% a week earlier.
In the commodities market, 57.5% of market participants held long positions in gold futures as of last week, unchanged from 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.