Tag archives: IO

Daily Virtual Steel Mill Report 08/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The unemployment rate of U.S. has fallen to its lowest level in over 50 years, which is 3.4%. In April, non-farm employment increased by 253,000 files, but the job growth in February and March was 149,000 fewer than previously reported. The average hourly …

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Iron Ore DCE September23 Daily Technical Review 05/05/22

Verdict- Neutral. DCE Sep23 contract tested low and recovered loss by the last two hours. In mid-run, a loss on 700.0 area meant a bearish trend in continuance. In short-run, a recover above 700.0 would mean a potential rebound. Hourly slow stochastic KD created gold cross below oversold area. Hourly MACD narrowed in bearish territory. …

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Daily Virtual Steel Mill Report 05/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The European Central Bank slowed down its rate hike on Thursday, but hinted at further tightening policies in the future, which the market expects to be the final stage of its fight against inflation. All European Central Bank decision-makers, except for the Management Committee and …

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