In last week IMM position data report, we noticed that speculative traders on the Chicago Mercantile Exchange seem to join the crowd on betting on a stronger EUR recovery. This week, they sent two clear signals confirming this EUR positive sentiment, data from the Commodity Futures Trading Commission showed on Friday. The first signal is that they decreased their open short EUR position by 17% from a week earlier to reach a net of $16 billion as of Tuesday. The second signal has even a more important impact. For the first time in a year, traders tuned net short on USD. From a net long USD bet of $3.2 billion a week ... (full story)