Speculators were busy in the futures market in the CFTC reporting period that covered the US jobs data and the run-up to the FOMC meeting. Of the 16 gross speculative positions we track, seven were adjusted by more than 10k contracts. It was the busiest week in Q1 17. The bearishness toward the euro continued to subside. Speculators added 10.6k contracts to the gross long position, lifting it to 148.3k contracts. This appears to be a record. Almost 8k short contracts were covered, leaving the bears with 189.3k contracts. The net short position fell to 41k contracts, which is the smallest since last May. This was ... (full story)