COT positioning in Euro FX sits at the 0th percentile of its two-year range on the short side, while VIX futures are at the 93rd percentile long. The 30-year auction on 8 October graded B+ with a 72.32 percent foreign bid, and elevated sentiment readings rose to 10 from 8 a week earlier. Crowded positioning going into the 28 October FOMC means any surprise from the Fed lands on one-way books. Watch the euro short first.