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 April 1.
According to the report, just 22.7% of investors held long positions in EUR/USD as of last week, deteriorating from 32.1% a week earlier.
Meanwhile, 36.9% of investors were long GBP/USD as of last week, up slightly from 35.6% in the previous week, 41.2% of market participants held long positions in USD/JPY, compared to 37.3% in the preceding week, while 53.0% of investors were long USD/CHF, improving from 48.0%.
Amongst the commodity-linked currencies, 47.8% were long USD/CAD, inched down from 48.8% a week earlier, 43.4% held long positions in AUD/USD, compared to 45.0% in the preceding week, while 38.0% were long NZD/USD, down from 42.2% a week earlier.
The report also showed that 59.5% of market participants held long positions in gold futures as of last week, falling from 60.9% in the preceding week.
Elsewhere, 24.5% of investors were long the S&P 500, down from 27.0% 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.