Verdict: • Short-run Neutral to Bearish. Macro: • NAR statistic indicated that the sales of existing homes increased by 3.1% in January, which created the highest level since August 2023. S&P Global statistic indicated that the US February PMI dropped from 52.0 to 51.4. • IMF indicated that Japan economy could soften in 2024, …
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European Close 23/02/24
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London Iron Ore Market Report 23/02/24
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Iron Ore Mar 24 (rolling Front Month) 23/02/24
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Iron Ore Market Daily Report 23/02/24
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Iron Ore Offshore March 24 Morning Technical Comment – 240 Min Chart 23/02/24
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Iron Ore DCE May24 Daily Technical Review 23/02/24
Verdict- Neutral. DCE May24 contract temporarily ended the fast drop during the past two trading days. Hourly MACD widened in bullish area. Hourly CCI was rejected by bullish territory. Iron ore in short-run secured the area between 885.5- 915.0, however be aware of breakdown on 885.5 could bring market back to mid-run bearish trend. First …
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Daily Virtual Steel Mill Report 23/02/24
Verdict: • Short-run Neutral to Bearish. Macro: • US jobless claims at 201,000, est. 216,000, last 212,000. • US Federal Reserve Patrick Harker stated that there should be no urgency to cut interest rates. The Fed’s focus is on the job market and economic data for the coming months, which will determine when the …
European Close 22/02/24
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London Iron Ore Market Report 22/02/24
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