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 January 8.
According to the report, 27.2% of investors held long positions in EUR/USD, falling from 30.0% in the preceding week.
Meanwhile, 45.6% of market participants held long positions in USD/JPY as of last week, down from 50.0% a week earlier, 48.6% of investors were long USD/CHF, little changed from 48.0% in the previous week, while 45.6% of investors were long GBP/USD, compared to 43.5% a week earlier.
Amongst the commodity-linked currencies, 45.8% were long USD/CAD, down from 51.8% a week earlier, 44.7% held long positions in AUD/USD, rising from 39.9% in the preceding week, while 41.6% were long NZD/USD, improving from 36.9% a week earlier.
The report also showed that 41.1% of investors were long the S&P 500, falling from 44.2% a week earlier.
Elsewhere, 53.9% of market participants held long positions in gold futures last week, up slightly from 53.1% 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.