Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators remained bearish on the euro and S&P 500 in the week ending November 6.
According to the report, 26.8% of investors held long positions in EUR/USD as of last week, up modestly from 24.3% in the preceding week.
Elsewhere, 24.2% of investors were long the S&P 500, falling from 32.8% a week earlier. A reading below 30% indicates oversold conditions.
Meanwhile, 49.8% of investors were long in GBP/USD, compared to 43.6% a week earlier, 52.7% of market participants held long positions in USD/JPY, down from 59.6% in the preceding week, while 45.8% of investors were long USD/CHF, little changed from 45.9% in the previous week.
Amongst the commodity-linked currencies, 41.5% were long USD/CAD, declining from 46.3% a week earlier, 41.9% held long positions in AUD/USD, compared to 42.4% in the preceding week, while 43.4% were long NZD/USD, up from 38.7% a week earlier.
In the commodities market, 53.1% of market participants held long positions in gold last week, falling from 58.4% 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.