sentiment: speculators more bullish on U.S. dollar – The weekly sentiment index published on Monday revealed that speculators added to their bullish bets on the U.S. dollar in the week ending December 25.

According to the report, 57.3% of market participants held long positions in USD/JPY as of last week, up from 47.1% a week earlier.

Meanwhile, 24.0% of investors held long positions in EUR/USD, falling from 33.3% in the preceding week, 38.1% of investors were long GBP/USD, compared to 46.1% a week earlier, while 49.9% of investors were long USD/CHF, rising from 41.9% in the previous week.

Amongst the commodity-linked currencies, 48.0% were long USD/CAD, little changed from 47.7% a week earlier, 32.8% held long positions in AUD/USD, down sharply from 48.1% in the preceding week, while 35.0% were long NZD/USD, improving slightly from 32.5% a week earlier.

Elsewhere, 58.4% of market participants held long positions in gold futures last week, up from 52.1% in the preceding week.

The report also showed that 31.2% of investors were long the S&P 500, compared to 43.0% 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 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. – sentiment: speculators more bullish on U.S. dollar