Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators added to their bearish bets against the S&P 500 in the week ending February 27.
According to the report, 30.0% of investors were long the S&P 500 as of last week, down from 39.6% in the preceding week. A reading between 30% and 50% is bearish for the instrument.
Meanwhile, 34.4% of investors held long positions in EUR/USD last week, up from 30.2% in the preceding week.
Elsewhere, 41.6% of investors were long in GBP/USD, compared to 40.4% a week earlier, 54.5% of market participants held long positions in USD/JPY, unchanged from the preceding week, while 49.1% of investors were long USD/CHF, down slightly from 50.3% in the preceding week.
Amongst the commodity-linked currencies, 51.4% were long USD/CAD, compared to 49.3% a week earlier, 36.6% held long positions in AUD/USD, down sharply from 52.9% in the preceding week, while 34.4% were long NZD/USD, down from 36.3% a week earlier.
In the commodities market, 57.5% 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.