Tag archives: IO

Daily Virtual Steel Mill Report 26/4/22

Market Verdict on Iron Ore： • Neutral.   Macro • China central bank PBOC decided to decrease foreign exchange deposit rate by 1% to 8%, effective from May 15th. CNH appreciated 389 basis points after a 1766 depreciation over the previous four trading days. • US Treasury Secretary Yellen hinted that in order to get …

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A Room with a Technical View 25/04/22

Capesize May Futures – The index has started to move higher resulting in the futures trading up to USD 26,625, the intraday technical remains bullish whilst the daily has a neutral bias. Upside moves that fail at or below USD 28,137 remain vulnerable to further tests to the downside, above this level we target the …

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Iron Ore DCE September Daily Technical Review 25/4/22

Verdict – Short-term bearish.   DCE iron ore September contract reached limited-down several times during the day and closed only 2 yuan above limited down level. The trading volume increased significantly. Iron ore entered a mid-run bearish market. Hourly CCI refreshed new low since the Sep22 contract listed. Hourly MACD fell fast in bearish territory. …

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Daily Virtual Steel Mill Report 25/4/22

Market Verdict on Iron Ore： • Bearish.   Macro • EU issued a guidance document saying that it is feasible to pay on Russian natural gas with rubles, without violating the sanctions. • US Treasury Secretary Yellen hinted that in order to get rid of the highest inflation in 40 years, the United States is …

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