Category archives: News

Seasons greetings 22/12/23

As we sail into the holiday season, we at FIS want to extend our warmest wishes to our valued clients and dedicated team.   This year has been quite the journey, marked by significant achievements and exciting market dynamics.   We would like to sincerely thank you all for your support over the course of …

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Daily Virtual Steel Mill Report 22/12/23

Verdict: • Short-run Neutral.   Macro: • US Q3 GDP annual rate at 4.9%, less than expected 5.2%. Q3 PCE consumer price index up 2% on the year, lower than expected 2.3%. • China tax council announced a new list of tax exemption and preference lists covering as many as 8957 items of commodities, including …

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Iron Ore DCE May24 Daily Technical Review 21/12/23

Verdict- Neutral to Bullish. DCE May24 contract broke important resistance at 958.0, and accelerated rebound as expected. The next level was 975.5, listed high of May24 in DCE. Hourly CCI went high in bullish territory. Hourly slow stochastic KD entered overbought area. Hourly MACD widened in bullish territory. First support 933.5. First resistance 975.0.