Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators turned bullish on the S&P 500 in the week ending August 28.
According to the report, 51.5% of investors were long the S&P 500 as of last week, improving from 44.0% a week earlier.
Meanwhile, 58.3% of market participants held long positions in gold futures last week, rising from 49.6% in the preceding week.
A reading between 50%-70% is bullish for the instrument.
Elsewhere, 36.3% of investors held long positions in EUR/USD as of last week, up slightly from 35.6% in the preceding week, while 51.1% of investors were long in GBP/USD, compared to 45.2% a week earlier.
The data showed that 47.5% of market participants held long positions in USD/JPY, down from 59.1% in the preceding week, while 53.8% of investors were long USD/CHF, little changed from 53.5% in the previous week.
Amongst the commodity-linked currencies, 49.5% were long USD/CAD, falling from 52.4% a week earlier, 30.4% held long positions in AUD/USD, compared to 39.7% in the preceding week, while 45.1% were long NZD/USD, improving from 40.7% a week earlier.
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.