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Investing.com sentiment: speculators less bearish on euro, S&P 500

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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 and the S&P 500 in the week ending June 5.

According to the report, 28.9% of investors held long positions in EUR/USD, compared to 23.0% in the preceding week.

Elsewhere, 38.8% of investors were long in GBP/USD, little changed from 38.9% a week earlier, 60.1% of market participants held long positions in USD/JPY, down from 61.9% in the preceding week, while 53.3% of investors were long USD/CHF, improving from 44.9% in the previous week.

Amongst the commodity-linked currencies, 42.9% were long USD/CAD, up slightly from 42.7% a week earlier, 41.5% held long positions in AUD/USD, down from 49.4% in the preceding week, while 43.9% were long NZD/USD, compared to 48.3% a week earlier.

Meanwhile, 41.5% of investors were long the S&P 500 as of last week, up from just 25.8% in the preceding week.

In the commodities market, 58.9% of market participants held long positions in gold futures as of last week, improving from 54.0% 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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