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Investing.com sentiment index report - week ending May 30

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Investing.com -

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players increased their overall exposure in the S&P 500 in the week ending May 30, as it continued to trade at record-high levels.

According to the data, 36.2% of market participants held long positions in the S&P 500 last week, compared to just 8.0% in the previous week.

Elsewhere, 44.1% of investors held long positions in EUR/USD, down from 49.4% a week earlier. Investors were also 47.7% long in GBP/USD, compared to 46.4% in the preceding week.

Meanwhile, 48.3% held long positions in USD/JPY, down from 55.4% a week earlier, while 46.0% were long USD/CHF, compared to 50.7% in the preceding week.

Amongst the commodity-linked currencies, 60.4% were long USD/CAD, compared to 53.1% a week earlier, 53.6% held long positions in AUD/USD, down from 61.6% in the preceding week, while 53.7% were long NZD/USD, up from 51.7% a week earlier.

In the commodities market, 62.6% of market players held long positions in gold, compared to 65.4% a week earlier.

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, a reading above 70% indicates overbought conditions and a reading below 30% indicates oversold conditions.

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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