👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Investing.com sentiment: speculators add to bearish euro bets

Published 07/12/2015, 09:25 pm
Updated 07/12/2015, 09:29 pm
Speculators added to bearish euro bets ahead of Draghi last week
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
XAU/USD
-
US500
-
GC
-

Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators added to their bearish bets on the euro in the week ending December 4.

According to the report, 27.1% of investors held long positions in EUR/USD as of last week, down from 29.8% in the preceding week. A reading below 30% indicates oversold conditions.

The euro surged last week after the latest easing measures announced by the European Central Bank on Thursday fell short of market expectations, leading to a massive short squeeze.

Meanwhile, 38.4% of investors were long in GBP/USD, improving from 36.5% a week earlier, 56.1% of market participants held long positions in USD/JPY, down slightly from 56.7% in the preceding week, while 46.6% of investors were long USD/CHF, little changed from 46.7% in the previous week.

Amongst the commodity-linked currencies, 45.2% were long USD/CAD, falling from 53.1% a week earlier, 32.4% held long positions in AUD/USD, compared to 31.2% in the preceding week, while 34.6% were long NZD/USD, declining from 35.9% a week earlier.

Elsewhere, 50.0% of market participants held long positions in gold futures last week, up from 48.4% in the preceding week.

The report also showed that only 29.4% of investors were long the S&P 500, compared to 33.1% a week earlier.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.