Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players added to their bullish bets on the S&P 500 in the week ending October 10.
According to the report, 51.3% of market participants held long positions in the S&P 500 last week, up from 50.3% in the previous week. A reading between 50%-70% is bullish for the instrument.
In the commodities market, 61.6% of investors were bullish on gold, compared to 66.5% a week earlier.
Meanwhile, 36.2% held long positions in EUR/USD last week, down from 44.5% in the preceding week, while 49.1% of investors were long in GBP/USD, compared to 55.9% a week earlier.
Elsewhere, 61.0% of market participants held long positions in USD/JPY last week, down slightly from 62.2% a week earlier, while 54.5% of investors were long USD/CHF, up from 50.4% in the preceding week.
Amongst the commodity-linked currencies, 43.8% were long USD/CAD, compared to 51.1% a week earlier, 44.4% held long positions in AUD/USD, down from 52.9% in the preceding week, while 57.2% were long NZD/USD, little changed from 57.1% a week earlier.
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.