Market Verdict on Iron Ore: • Neutral to bullish. Macro: • U.S. ISM PMI in October at 50.2, refreshed new low since May 2020. U.S. markit manufacturing PMI 50.4, refreshed new low since June 2020. • ECB president Christine Lagarde said that the main task of Europe at present is to stabilize prices, and …
Category archives: Ferrous
London Iron Ore Report 01/11/22
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Ferrous Weekly Analysis Report 01/11/22
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European Close 01/11/22
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Singapore Iron Ore Report 01/11/22
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A Room with a Technical View 31/10/22
Oil December Futures – We noted on the last report that the futures were bullish but in a corrective phase with key near-term support at USD 90.57; a build in the aggregate open interest (AOI) suggested the market was building to the long side. The futures broke Fibonacci support but held the USD 86.35 fractal, …
Iron Ore Offshore December 22 Morning Technical Comment – 240 Min Chart 01/11/22
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Steel and Scrap Morning Report 01/11/22
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Iron Ore DCE January Daily Technical Review 01/11/22
Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded along with the strong recovery sentiment on macro market. However Jan23 contract reached a theoretical low in a range box. The intra-day reversal was supported by the low level of the range box. The intra-day block trades were majorly caused by long covering …
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Daily Virtual Steel Mill Report 01/11/22
Market Verdict on Iron Ore: • Neutral. Macro: • Chinese October Manufacturing PMI 49.2, last 50.1. Non-manufacturing PMI 48.7, last 50.6. • Euro zone Q3 GDP growth rate 0.2% from Q2, est. 0.1%, last 0.8%. Eurozone October adjusted CPI up 1.5% on the month, est. 1.2%, last 1.2%. Eurozone October inflation rate refreshed highest …