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Investing.com sentiment report: investors reduce bearish euro bets

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Investing.com -

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators reduced their bearish bets against the euro in the week ending April 3.

According to the report, 23.2% of investors held long positions in EUR/USD as of last week, up from 19.8% in the preceding week. A reading below 50% is bearish for the instrument.

Meanwhile, 38.2% of investors were long in GBP/USD, little changed from 38.3% a week earlier, 47.0% of market participants held long positions in USD/JPY, compared to 58.4% in the preceding week, while 47.9% of investors were long USD/CHF, down from 51.7% in the previous week.

Amongst the commodity-linked currencies, 51.5% were long USD/CAD, up from 50.0% a week earlier, 41.7% held long positions in AUD/USD, compared to 36.2% in the preceding week, while 41.7% were long NZD/USD, up from 37.6% a week earlier.

Elsewhere, 36.7% of investors were long the S&P 500 last week, down from 40.6% in the preceding week.

In the commodities market, 52.9% of market participants held long positions in gold futures as of last week, improving from 50.1% in the preceding 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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