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.
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