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Investing.com sentiment report: S&P 500 shorts increase last week

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Investing.com -

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players turned bearish on the S&P 500 in the week ending August 15.

According to the report, 33.3% of market participants held long positions in the S&P 500 last week, down from 52.3% in the previous week. A reading between 30% and 50% is bearish for the instrument.

Meanwhile, 38.9% held long positions in EUR/USD, up from 34.0% in the preceding week, while 62.6% of investors were long in GBP/USD, compared to 47.5% a week earlier.

Elsewhere, 61.1% of market participants held long positions in USD/JPY last week, down from 76.9% a week earlier, while 54.8% of investors were long USD/CHF, compared to 54.5% in the preceding week.

Amongst the commodity-linked currencies, 41.4% were long USD/CAD, up from 35.3% a week earlier, 56.8% held long positions in AUD/USD, compared to 59.7% in the preceding week, while 65.7% were long NZD/USD, up from 65.6% a week earlier.

In the commodities market, 71.0% of market players held long positions in gold last week, compared to 63.0% a week earlier. A reading above 70% indicates overbought 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.

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.

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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