Category archives: Ferrous

Aussie Pressured by Fed’s Push Back and China Beef Ban

Aussie Pressured by Fed’s Push Back and China Beef Ban The Australian dollar briefly rose above its 100-day moving average again this week in what appears to be a false break after Federal Reserve officials pushed back on the notion of negative U.S. rates. The currency had been stuck below the rolling gauge since January …

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Iron Ore Tests key Support But Refusing to Buckle

Iron Ore Tests key Support But Refusing to Buckle Onshore iron ore futures have held above key support levels this morning, having failed to break below the weekly pivot point at RMB 625.7. Fundamentally vulnerable on the back of a global slowdown due to the COVID-19 pandemic, there is increasing bearish rhetoric regarding the performance …

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Iron Rises With Brazil Flows, Australian Spat in Focus

Iron Rises With Brazil Flows, Australian Spat in Focus Iron ore futures gained as major producer Brazil continued to post lower shipment figures and investors tracked escalating trade tensions between China, the top iron ore buyer, and Australia, its largest supplier. Brazil’s daily average exports of iron ore and concentrated products was 1.04 million tons …

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Recovery Quickens as PBOC Vows Support

Recovery Quickens as PBOC Vows Support Chinese industrial commodities began the week on the front foot after the central bank pledged more powerful policies to combat the coronavirus’s hammer blow to growth. The evidence of the past few days, from shrinking crude and metals stockpiles, to the rebound in car sales and usage, suggest that …

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FIS Technical – DCE Iron Ore Sep 20

FIS Technical –  DCE Iron Ore Sep 20 Upward price action has put the futures above the 8—21 period EMA’s and the RSI above 50. The EMA’s themselves remain flat with price below both the 55 and 200 period MA’s. CNY 625.8 remains a key technical level, price action that fails at or below this …

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