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Investing.com sentiment: speculators remain bearish on euro, S&P 500

Published 06/22/2015, 05:36 AM
Updated 06/22/2015, 05:36 AM
© Reuters. Speculators remain bearish on euro, S&P 500 last week

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators remained extremely bearish on the euro and the S&P 500 in the week ending June 19.

According to the report, 33.1% of investors held long positions in EUR/USD as of last week, down from 33.6% in the preceding week.

Meanwhile, 25.5% of investors were long the S&P 500, compared to 23.3% a week earlier. A reading between 30% and 50% is bearish.

Elsewhere, 32.1% of investors were long in GBP/USD, down from 36.0% in the preceding week, 51.3% of market participants held long positions in USD/JPY, compared to 63.0% in the preceding week, while 55.8% of investors were long USD/CHF, up from 52.7% in the previous week.

Amongst the commodity-linked currencies, 45.2% were long USD/CAD, compared to 50.7% a week earlier, 50.9% held long positions in AUD/USD, up from 43.4% in the preceding week, while 48.5% were long NZD/USD, improving from 45.5% a week earlier.

In the commodities market, 52.0% of market participants held long positions in gold futures as of last week, compared to 50.1% in the preceding 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.

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