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Investing.com sentiment report: bearish bets on S&P 500 increase

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Investing.com -

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators turned bearish on the S&P 500 in the week ending February 13.

According to the report, 45.4% of investors were long the S&P 500 as of last week, down from 54.4% in the preceding week. A reading between 30% and 50% is bearish for the instrument.

Meanwhile, 26.6% of investors held long positions in EUR/USD last week, up from 23.8% in the preceding week. A reading below 30% indicates oversold conditions.

Elsewhere, 35.6% of investors were long in GBP/USD, compared to 35.1% a week earlier, 54.4% of market participants held long positions in USD/JPY, little changed from 54.2% during the previous week, while 50.8% of investors were long USD/CHF, up slightly from 48.6% in the preceding week.

Amongst the commodity-linked currencies, 54.1% were long USD/CAD, up from 49.1% a week earlier, 32.2% held long positions in AUD/USD, compared to 31.4% in the preceding week, while 37.0% were long NZD/USD, down from 40.1% a week earlier.

In the commodities market, 52.8% of market participants held long positions in gold futures as of last week, down modestly from 55.0% in the previous week.

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.

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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