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Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators added to their bullish bets on the U.S. dollar in the week ending December 25.
According to the report, 57.3% of market participants held long positions in USD/JPY as of last week, up from 47.1% a week earlier.
Meanwhile, 24.0% of investors held long positions in EUR/USD, falling from 33.3% in the preceding week, 38.1% of investors were long GBP/USD, compared to 46.1% a week earlier, while 49.9% of investors were long USD/CHF, rising from 41.9% in the previous week.
Amongst the commodity-linked currencies, 48.0% were long USD/CAD, little changed from 47.7% a week earlier, 32.8% held long positions in AUD/USD, down sharply from 48.1% in the preceding week, while 35.0% were long NZD/USD, improving slightly from 32.5% a week earlier.
Elsewhere, 58.4% of market participants held long positions in gold futures last week, up from 52.1% in the preceding week.
The report also showed that 31.2% of investors were long the S&P 500, compared to 43.0% 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.
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