Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players pared back their bullish bets on gold in the week ending September 19.
According to the report, 62.3% of market players held long positions in gold last week, down from 73.5% a week earlier.
Meanwhile, 50.3% held long positions in EUR/USD last week, up from 39.5% in the preceding week, while 45.0% of investors were long in GBP/USD, compared to 61.3% a week earlier.
Elsewhere, 51.8% of market participants held long positions in USD/JPY last week, little changed from 51.3% a week earlier, while 51.0% of investors were long USD/CHF, compared to 50.4% in the preceding week.
Amongst the commodity-linked currencies, 49.9% were long USD/CAD, up from 40.2% a week earlier, 56.5% held long positions in AUD/USD, down from 65.6% in the preceding week, while 56.8% were long NZD/USD, compared to 61.7% a week earlier.
In the equities market, 34.9% of market participants held long positions in the S&P 500 last week, down from 35.9% in the previous 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.