Verdict: • Short-run Neutral. Macro: • US October inflation up 3.2% on the year, created the lowest over the last seven months, lower than estimated 3.3%, last 3.7%. Core CPI 4%, created the lowest since September 2021. Traders were bet the inflation cycle should be over, US equities S&P500 grew 1.91% while debt yield …
Category archives: Ferrous
European Close 14/11/23
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London Iron Ore Market Report 14/11/23
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Iron Ore Market Daily Report 14/11/23
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Weekly Ferrous Report 14/11/23
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Iron Ore Offshore Dec 23 Morning Technical Comment – 240 Min Chart 14/11/23
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Steel and Scrap Report 14/11/23
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Iron Ore DCE January24 Daily Technical Review 14/11/23
Verdict- Neutral. DCE Jan24 contract maintained lower volatility in narrowed range. Hourly MACD moved slower in bearish territory. Hourly CCI weakened in neutral area. Iron ore needs to break 954.5 – 973.5 to see a directional change. First support 954.5. First resistance 973.5.
Daily Virtual Steel Mill Report 14/11/23
Verdict: • Short-run Neutral. Macro: • China M2 supply up 10.3% in October, the growth rate was flat to last month, however 1.5% lower than last October. Social finance amount reached 1.85 trillion yuan, up 910.8 billion yuan on the year, or 9.3%. • The economists from Goldman Sachs expected that the US federal …
European Close 13/11/23
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