Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators remained extremely bearish on the euro and the S&P 500 in the week ending July 10.
According to the report, 27.9% of investors held long positions in EUR/USD as of last week, little changed from 27.4% in the preceding week.
Meanwhile, 31.1% of investors were long the S&P 500 as of last week, compared to 25.4% a week earlier.
A reading between 30% and 50% is bearish for the instrument.
Elsewhere, 34.7% of investors were long in GBP/USD, down from 41.5% a week earlier, 54.1% of market participants held long positions in USD/JPY, compared to 59.0% in the preceding week, while 51.7% of investors were long USD/CHF, down from 53.0% in the previous week.
Amongst the commodity-linked currencies, 45.3% were long USD/CAD, improving from 39.2% a week earlier, 43.2% held long positions in AUD/USD, compared to 48.0% in the preceding week, while 41.8% were long NZD/USD, little changed from 42.6% a week earlier.
In the commodities market, 55.7% of market participants held long positions in gold futures as of last week, up from 54.3% 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.