Iron Ore
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Stabilisation in commodity, US stock futures bode well for AUD/USD longs
AUD/USD has equaled its longest losing streak since August 2019, hammered by deteriorating sentiment towards the outlook for the Chinese economy and investor risk appetite, especially towards big tech. But with signs of stablisation in commodity and US stock futures, the grounds for a squeeze higher are growing.
Iron ore, copper crumble as China’s property downturn worsens
Given significant uncertainty towards the demand outlook, it may be preferable to let the price action tell us what to do rather than pre-empt on fundamental grounds.
Iron ore may have bottomed as trading volumes surge
Iron ore futures are climbing off the canvas after a rough trot, surging higher on Thursday on the back of large gains in Chinese steel markets. But the reason behind the sudden buying burst makes you question whether the move will last, especially with inventories incredibly bloated relative to seasonal norms.
Iron ore keeps finding buyers despite ballooning Chinese port inventories
Despite bourgeoning Chinese port inventories, widespread loss making at steel mills and no guarantee that measures to stablise China’s property market will drive increased construction activity, there’s seemingly no shortage of willing buyers of iron ore out there right now.
ASX 200, SGX iron ore: Bullish breakouts on the menu, hawkish RBA a risk
Tuesday looms as a potential make-or-break session for Australia’s ASX 200 with futures sitting at a key technical level on the charts ahead of the RBA interest rate decision. One saving grace may be the continued rebound in iron ore futures in Singapore.
The seeds for iron ore’s latest lurch lower were sown last week
Iron ore futures are in an increasingly ugly bear market, spiraling lower since the beginning of the year after defying bears for what seemed to be an eternity in 2023. With the price catching up to what fundamentals had been warning for months, traders are wondering how far the move can extend?
Iron ore rally faces its next big test
Iron ore has been rallying hard but will stimulus speculation end in sorrow?
What are iron ore futures and how do you trade them?
Iron ore futures have experienced a rough 2022, falling amid declining demand from China. Find out everything you need to know about iron ore before you take a position.
Iron ore feels the weight of demand concerns
Today we look at the ore cash market chart after it broke a key level of support on Monday.
Earnings Previews: Where next for the Glencore and BHP share prices?
Mining stocks are riding high as commodity prices climb higher. We explain what to expect from upcoming earnings out from Glencore and BHP.
AUD/USD: Light on the horizon for long-term bulls
Because we’re entering what is historically one of the quietest periods for markets, we’ll be taking the opportunity to take a longer-term view of many […]
AUD/NZD: Home, home on the range
We’re seeing mixed performance in the foreign exchange market today, with the greenback rallying against most of its rivals (prominently including pound sterling and all […]
AUD/USD’s correlation with cheapening copper could prove catastrophic
Last week, we looked at the weakening correlation between the value of the Canadian dollar and oil prices, noting that, “It seems unlikely that this […]