Verdict: • Short-run Neutral. Macro: • US Federal governor Miki Bowman said the earliest interest cut would be in 2025 concerning the high inflation rate. However, the other governor Lisa Cook indicated the inflation went down in March and June, the interest cut in 2024 would be propriate. Iron Ore Key Indicators: • …
Tag archives: IO
European Close 25/06/24
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London Iron Ore Report 25/06/24
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Singapore Iron Ore Report 25/06/24
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Weekly Ferrous Analysis Report 25/06/24
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Iron Ore DCE Sep24 Daily Technical Review 25/06/24
Verdict- Neutral. Iron ore closed at 801.0, higher than last closing at 795.5 with smaller volume and some taking gains observed from previous sellers. Hourly MACD narrower in bearish territory. Iron ore traded higher than 791.0 tomorrow generally mean a return to consolidation. First support 791.0. First resistance 810.0.
Daily Virtual Steel Mill Report 25/06/24
Verdict: • Short-run Neutral. Macro: • EU Comission will launch a technical conference with China regarding to the current plan on imposing EVs import duty. Iron Ore Key Indicators: • Platts62 $102.65, -2.45, MTD $106.72. Steel demand became slower as China entered rainy weather in southern areas and extreme high temperature in northern …
Iron Ore Offshore July 24 Morning Technical Comment – 240 Min Chart 25/06/24
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London Iron Ore Report 24/06/24
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Singapore Iron Ore Report 24/06/24
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