Live cattle just posted its biggest shift in commercial positioning in a year — Here’s what that means [Video]
The most notable development in this week’s COT report came from live cattle.

The most notable development in this week’s COT report came from live cattle.
This week’s clearest signal is a widening gap between futures positioning and spot performance. GBP short covering remains price-confirmed, while CAD and WTI extended bearish positioning even as prices rose.
The EUR/USD pair has shown little progress over the last few days, seesawing around the 1.1450 mark throughout the week to finish a handful of pips below the level. Mounting tensions in the Middle East pushed investors into cautious mode despite temporary relief from macro data.
Gold (XAU/USD) struggled to benefit from the broad-based selling pressure surrounding the US Dollar (USD) as tensions in the Middle East escalated further.
Gold is licking its wounds in Friday’s Asian trades, languishing close to two-week lows, as sellers stay hopeful of clinching the biggest weekly loss in six weeks.
The Aussie Dollar ‘s recovery appears to have met some resistance, with the upside momentum in AUD/USD struggling to surpass the 0.7000 threshold in a convincing fashion for now. In the meantime, the pair’s constructive outlook remains unchanged while above its critical 200-day SMA around 0.6880.