Category archives: Products
Iron ore futures surge on Brazil virus fears
Iron ore futures surged on Wednesday on renewed concerns over the worsening coronavirus crisis in Brazil. Unlike many other countries, Brazil has not enforced a lockdown, resulting in a widespread increase of coronavirus infections. It was reported that there has been a sudden spike in coronavirus cases in the Brazilian state of Para, where around …
Continue reading “Iron ore futures surge on Brazil virus fears”
FIS Castaway – Eps.9 – Unprecedented Coverage in Unprecedented Times
In Episode 9 of Castaway we have special guest Julie Arnold talking to us about power markets – especially the new emerging Japanese power market. We also have our regular news and commodity market reviews and a hot potato of a new random market of the week. Click on the link below to listen now! …
Continue reading “FIS Castaway – Eps.9 – Unprecedented Coverage in Unprecedented Times”
FIS Technical – DCE Iron Ore Sep 20
FIS Technical – DCE Iron Ore Sep 20 The futures remain technically bullish having made a higher high in the market with price above the 8—21 period EMA’s. This is supported by the RSI which remains above 50, however the stochastic is in overbought territory To view the full report please click on the link …
Weather Splits for European Wheat With Dry West and Eastern Rain
Europe’s wheat fields are facing diverging weather in the heart of the growing season. Parts of the Black Sea region and European Union faced dry spells throughout spring, hurting yield forecasts in the key exporters. Now rains are beginning to relieve crops in southern Russia and Ukraine, but dryness is persisting in western Europe. Weather in …
Continue reading “Weather Splits for European Wheat With Dry West and Eastern Rain”
FIS Weekly Comment: Slow and steady growth for China after Two Sessions
One thing that stuck out of China’s Two Sessions is that Beijing policymakers had stopped setting GDP growth target but instead using various macroeconomic goals. Thus, no GDP growth numbers of 6% was mentioned in the Two Sessions as per previous session that we are used to. Instead, quantitative macroeconomic goals were set such as …
Continue reading “FIS Weekly Comment: Slow and steady growth for China after Two Sessions”
FIS Technical – Brent July Daily
Slow start to Capesize after long weekend
Capesize market made a slow start after a long weekend break, with sluggish shipping demand in physical and paper markets. Thus, the Capesize 5 time charter average dipped slightly by $20 to $4,120 on spot rates, almost a flat index that failed to inspire the paper market. The almost unchanged index may reflect market concerns …
Continue reading “Slow start to Capesize after long weekend”
Oil Halts Rally Near $34 on Signs Russia May Ease Supply Cuts
Oil slipped from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid the specter of sanctions. Futures fell 0.8% in New York after closing above $34 a barrel for the first time since March. Moscow wants to …
Continue reading “Oil Halts Rally Near $34 on Signs Russia May Ease Supply Cuts”
House Set to Back China Sanctions Amid Rising Tensions With U.S
The House of Representatives is poised to give final passage Wednesday to legislation that would sanction Chinese officials for human rights abuses against Muslim minorities, the latest in a series of moves by Congress and the White House to put pressure on the Beijing government. The measure was approved by unanimous consent in the Senate …
Continue reading “House Set to Back China Sanctions Amid Rising Tensions With U.S”