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Investing.com sentiment index: speculators less bullish on U.S. dollar

ForexFeb 15, 2016 06:51AM ET
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© Reuters. Speculators turn less bullish on U.S. dollar last week

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators scaled back their bullish bets on the U.S. dollar in the week ending February 12.

According to the report, only 38.6% of market participants held long positions in USD/JPY as of last week, falling sharply from 50.1% in the preceding week.

Meanwhile, 33.3% of investors held long positions in EUR/USD as of last week, unchanged from a week earlier, 41.6% of investors were long GBP/USD, compared to 36.5% in the preceding week, while 47.4% of investors were long USD/CHF, up slightly from 47.3% in the previous week.

Amongst the commodity-linked currencies, 54.9% were long USD/CAD, rising from 49.3% a week earlier, 50.5% held long positions in AUD/USD, compared to 40.9% in the preceding week, while 40.5% were long NZD/USD, up from 39.2% a week earlier.

The report also showed that 31.0% of investors were long the S&P 500, increasing from 29.0% a week earlier.

Elsewhere, 56.1% of market participants held long positions in gold futures last week, improving from 48.1% 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.

Investing.com sentiment index: speculators less bullish on U.S. dollar

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