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.
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