Tag archives: IO

Daily Virtual Steel Mill Report 07/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • The number of ADP employment in the US increased by 497,000 in June, the highest level since February last year, much higher than the expected 225,000 and far ahead of the expected 278,000. The yield of US two-year treasury bond bonds rose to 5.084%, the …

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Iron Ore DCE September23 Daily Technical Review 06/07/23

Verdict- Neutral. DCE Sep23 contract rebounded 1.5 yuan higher than last closing. The DCE market was in a neutral sentiment. Hourly MACD was in bullish territory, however close to the midline. Hourly CCI fell from bullish territory. Short-run technical was indicating that the market was waiting for direction. First support 822.0. First resistance 841.0.  

Daily Virtual Steel Mill Report 06/07/23

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Federal Reserve indicated divisions over interest rate decision in June meeting, however all committing to hike again later this month to fight against inflation. • Eurozone PPI down 1.9% on the month est. down 1.8%, last down 3.2%. PPI down 1.% on the year, …

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