Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players reduced their bearish bets on the S&P 500 in the week ending November 14.
According to the report, 39.4% of investors were long on the S&P 500 last week, up from 32.4% in the preceding week.
Meanwhile, 39.2% of investors held long positions in EUR/USD last week, compared to 33.1% in the preceding week, while 50.0% of investors were long in GBP/USD, down from 52.4% a week earlier.
Elsewhere, 64.3% of market participants held long positions in USD/JPY last week, compared to 62.0% a week earlier, while 55.7% of investors were long USD/CHF, down slightly from 56.0% in the preceding week.
Amongst the commodity-linked currencies, 54.1% were long USD/CAD, compared to 50.7% a week earlier, 48.0% held long positions in AUD/USD, up from 46.9% in the preceding week, while 51.4% were long NZD/USD, compared to 53.2% a week earlier.
The report also showed that 57.8% of market participants held long positions in gold futures as of last week, up from 54.9% 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.