Verdict: • Short-run Neutral. Macro: • US PCE index for May grew 2.6% on the year, flat from estimation, which supported the interest cut expectation. The interest cut probability raised from 64% to 68% after the news. • Panama Canal began to gradually increase daily transits from July 22nd. The Canal expected to increase …
Category archives: Ferrous
London Iron Ore Report 28/06/24
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European Close 28/06/24
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Iron Ore July 24 (rolling Front Month) 28/06/24
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Singapore Iron Ore Report 28/06/24
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Iron Ore Offshore July 24 Morning Technical Comment – 240 Min Chart 28/06/24
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Iron Ore DCE Sep24 Daily Technical Review 28/06/24
Verdict- Neutral. Iron ore rebounded and returned to the closing by two days ago. Iron ore maintained neutral sentiment as expected. Hourly MACD narrowed in bullish territory. Iron ore consolidated in the 791.0 – 830.0 range. It would be hard to see directional movement without breaking through this range box. First support 791.0. First resistance …
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Daily Virtual Steel Mill Report 28/06/24
Verdict: • Short-run Neutral. Macro: • China National Bureau of Statistics: From January to May, the total profit of the ferrous metal smelting and rolling processing industry was a loss of 12.72 billion yuan. • The IMF has lowered its forecast for real GDP growth in US in 2024 from 2.7% in April to …
London Iron Ore Report 27/06/24
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Singapore Iron Ore Report 27/06/24
Please click below to view the report 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