sentiment report: Gold shorts increase last week

A A A - - The weekly sentiment index published on Monday revealed that market players trimmed their bullish bets on gold futures in the week ending August 22.

According to the report, 56.5% of market players held long positions in gold last week, down from 71.0% a week earlier.

Meanwhile, 41.9% held long positions in EUR/USD, up from 38.9% in the preceding week, while 58.1% of investors were long in GBP/USD, compared to 62.6% a week earlier.

Elsewhere, 58.1% of market participants held long positions in USD/JPY last week, down from 61.1% a week earlier, while 51.0% of investors were long USD/CHF, compared to 54.8% in the preceding week.

Amongst the commodity-linked currencies, 46.1% were long USD/CAD, up from 41.4% a week earlier, 58.7% held long positions in AUD/USD, compared to 56.8% in the preceding week, while 64.8% were long NZD/USD, down from 65.7% a week earlier.

In the equities market, 36.8% of market participants held long positions in the S&P 500 last week, up from 33.3% in the previous week.

The 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.

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. offers an extensive set of professional tools for the financial markets.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Forex and Currencies

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