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Investing.com sentiment report: yen shorts surge last week

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Investing.com -

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players increased their bearish bets on the Japanese yen in the week ending August 8.

According to the report, 76.9% of market participants held long positions in USD/JPY last week, up from 67.8% a week earlier. A reading above 70% indicates overbought conditions.

Meanwhile, 34.0% held long positions in EUR/USD, down from 38.2% in the preceding week, while 47.5% of investors were long in GBP/USD, compared to 54.7% a week earlier.

Elsewhere, 54.5% of investors were long USD/CHF, up from 53.4% in the preceding week.

Amongst the commodity-linked currencies, 35.3% were long USD/CAD, down from 39.0% a week earlier, 59.7% held long positions in AUD/USD, compared to 60.3% in the preceding week, while 65.6% were long NZD/USD, up from 64.0% a week earlier.

In the commodities market, 63.0% of market players held long positions in gold last week, down from 70.8% a week earlier.

Elsewhere, 52.3% of market participants held long positions in the S&P 500 last week, up from 37.3% in the previous week. A reading above 50% means that more than half of traders are holding long positions for that instrument.

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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