Verdict: • Short-run Neutral. Macro: • BOE cut interest rate by 25 bps to 5%, as expected from the market previously, the first interest cut since early 2020. • The jobless claims of US last week increased by 14,000 to 249,000, refreshed single week high in 2024, est. 236,000. • Eurozone July PMI 45.8, …
Category archives: Ferrous
European Close 18/07/24
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London Iron Ore Report 01/08/24
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Singapore Iron Ore Report 01/08/24
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Iron Ore Offshore Aug 24 Morning Technical Comment – 240 Min Chart 01/08/24
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Iron Ore DCE Jan25 Daily Technical Review 01/08/24
Verdict- Neutral to Bullish. DCE iron ore Jan25 rebounded as expected. Hourly MACD widened in bullish territory. Hourly slow stochastic KD approached bullish territory. Hourly CCI tried to breakthrough the boundary of bull and neutral area. Iron ore would accelerate the growth if breakthrough next resistance at 774.0. First support 732.0. First resistance 774.0 …
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Daily Virtual Steel Mill Report 01/08/24
Verdict: • Short-run Neutral. Macro: • The US Federal Reserve ended its two-day monetary policy meeting on July 31st and announced that the target range for the federal funds rate would remain unchanged between 5.25% and 5.5%. Federal Reserve Chairman Powell stated after the meeting that there is a possibility to discuss lowering policy …
European Close 31/07/24
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London Iron Ore Report 31/07/24
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Singapore Iron Ore Report 31/07/24
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004