Tuesday, 4 February 2020

Iron Ore Price Analysis: Hammered Into Resistance as Coronavirus Fears Spread Further

Iron ore was hammered Monday as Chinese markets re-opened, bringing a huge wave of sellers. Fears that the Chinese coronavirus will hit global growth hard saw iron prices hit a near three-month low.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...