Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators stayed bearish on the euro and British pound last week, amid mounting speculation of near-term easing by the Bank of England and European Central Bank.
According to the report, 31.2% of investors were long GBP/USD in the week ended July 22, little changed from 29.0% a week earlier.
Meanwhile, 30.2% of investors held long positions in EUR/USD as of last week, compared to 29.5% in the preceding week.
Amongst the safe-haven currencies, 40.1% of market participants held long positions in USD/JPY, rising from 38.2% in the previous week, while 45.4% of investors were long USD/CHF, improving from 43.0%.
In the commodity-linked currencies space, 36.2% were long USD/CAD, falling from 43.3% a week earlier, 55.9% held long positions in AUD/USD, compared to 46.6% in the preceding week, while 40.9% were long NZD/USD, up from 38.1% a week earlier.
The report also showed that 59.1% of market participants held long positions in gold futures as of last week, rising from 55.7% in the preceding week.
Elsewhere, 61.3% of investors were long the S&P 500, increasing from 52.4% 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.