Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Investing.com sentiment report: bearish euro bets jump last week

Published 01/26/2015, 05:39 AM
Updated 01/26/2015, 05:39 AM
Bearish euro bets jump last week

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 23.

According to the report, 23.9% of investors held long positions in EUR/USD last week, down from 28.9% in the preceding week. A reading below 30% indicates oversold conditions.

Meanwhile, 35.4% of investors were long in GBP/USD, little changed from 35.7% a week earlier.

Elsewhere, 55.7% of market participants held long positions in USD/JPY, down from 61.6% during the previous week, while 45.5% of investors were long USD/CHF, compared to 55.3% in the preceding week.

Amongst the commodity-linked currencies, 48.6% were long USD/CAD, up from 43.2% a week earlier, 37.7% held long positions in AUD/USD, compared to 36.3% in the preceding week, while 41.2% were long NZD/USD, up from 39.4% a week earlier.

In the commodities market, 57.0% of market participants held long positions in gold futures as of last week, improving from 53.3% in the previous week.

The report also showed that 47.2% of investors were long the S&P 500 as of last week, down from 51.7% 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.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.