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Investing.com sentiment index report - week ending June 13

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Investing.com -

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players increased their bullish bets on USD/JPY in the week ending June 13.

According to the data, 70.4% of market participants held long positions in USD/JPY, up from 69.1% a week earlier. A reading above 70% indicates overbought conditions.

Elsewhere, 37.6% of investors held long positions in EUR/USD, compared to 36.5% in the preceding week, while 39.4% were long in GBP/USD, down from 44.5% a week earlier.

Meanwhile, 48.8% of investors were long USD/CHF, compared to 52.7% in the preceding week.

Amongst the commodity-linked currencies, 60.5% were long USD/CAD, compared to 52.6% a week earlier, 54.0% held long positions in AUD/USD, up from 52.8% in the preceding week, while 43.7% were long NZD/USD, down from 53.5% a week earlier.

In the commodities market, 62.4% of market players held long positions in gold, compared to 64.6% a week earlier.

According to the report, just 15.3% of market participants held long positions in the S&P 500 last week, compared to 18.7% in the previous week. 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.

A reading between 50% and 70% is bullish for the instrument, a reading between 30% and 50% is bearish.

Investing.com 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 Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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