Verdict: • Short-run Neutral to Bearish. Macro: • The minutes of the Federal Reserve meeting showed the interest rate hike cycle that began in 2022 potentially have ended, and the federal funds rate should peaked. Interest cuts are expected to come before the end of 2024. Iron Ore Key Indicators: • Platts62 $143.95, …
Category archives: Ferrous
European Close 03/01/23
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London Iron Ore Market Report 03/01/24
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Iron Ore Market Daily Report 03/01/24
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Steel and Scrap Report 03/01/24
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Iron Ore Offshore Feb 24 Morning Technical Comment – 240 Min Chart 03/01/24
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Iron Ore DCE May24 Daily Technical Review 03/01/24
Verdict- Be Aware of Market Reversal. DCE May24 contract created new high, with expanding volume. Hourly CCI entered neutral area. Hourly slow stochastic KD created dead cross in overbought area. Hourly MACD narrowed in bullish area. First support 950.0. First resistance 1050.0.
Daily Virtual Steel Mill Report 03/01/24
Verdict: • Short-run Neutral. Macro: • China real estate developers rise after China injected $50 billion worth of low-cost funds into banks last month. Shanghai also announced lower down payment ratio for houses on Tuesday. Iron Ore Key Indicators: • Platts62 $143.20, +2.70, MTD $143.20. The liquidity injection news from China supported the …
London Iron Ore Market Report 02/01/24
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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]
European Close 02/01/24
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