- The weekly sentiment index published on Monday revealed that market players increased their bullish bets on the euro in the week ending June 20.

According to the data, 61.7% of investors held long positions in EUR/USD as of last week, up sharply from 37.6% in the preceding week

Elsewhere, 53.8% of market participants held long positions in USD/JPY, down from 70.4% a week earlier, while just 20.2% were long in GBP/USD, down from 39.4% a week earlier.

Meanwhile, 56.4% of investors were long USD/CHF, compared to 48.8% in the preceding week.

Amongst the commodity-linked currencies, 59.3% were long USD/CAD, compared to 63.5% a week earlier, 43.7% held long positions in AUD/USD, down from 54.0% in the preceding week, while 45.3% were long NZD/USD, compared to 43.7% a week earlier.

In the commodities market, 60.3% of market players held long positions in gold, compared to 62.4% a week earlier.

According to the report, 27.7% of market participants held long positions in the S&P 500 last week, compared to 15.3% in the previous week.

The 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.

A reading between 50% and 70% is bullish for the instrument, while a reading between 30% and 50% is bearish. A figure above 70% indicates overbought conditions, while a reading below 30% indicates oversold conditions.

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