Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs.The producer's SAE1006 HRC is now on offer at $535 per tonne on a cif basis, up $40 per tonne from $495 per tonne cif for iMarch-shipment materials. And its SS400 and pipemaking...Read More

The S&P topped the key 2,800 levelStocks kicked off March on a high note, as traders cheered positive U.S.-China trade headlines. However, a round of dreary economic data, including weak readings on consumer sentiment and U.S. manufacturing -- the latter of which showed factory activity slowed to a level not seen since November 2016 -- kept a lid on gains, as the Dow, S&P 500, and Nasdaq all close...Read More

However, a rare VIX alarm just signaled a potential volatility spikeThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are attempting to salvage weekly gains, after finishing February comfortably higher. In addition, the Nasdaq Composite (IXIC) is pacing for a whopping 10th straight weekly win, after a week chock-full of headlines from both Wall Street and Washington, D.C. Specificall...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 254,086108,43953,521146,161312,638453,768474,598 Change from Prior Reporting Period 39,916-857133-13,51526,85126,53426,127 Traders 21872684755291173 Small Speculators LongShortOpen Interest 50,87130,041504,639 2,0222,42928,556 non reportable positionsChan...Read More

By: IRA EPSTEINBig volatility can create no volatility for a while, everyone worn out. Gold in a correction phase, nothing bearish looking on the weekly chart.Read More

GATA's Sheer Ignorance About GoldAs I have said before, my job on FATrader.com is to further intellectual honesty about financial markets but cutting through much of the dross being presented by most analysts and media outlets.So, as I am known to do, I will peruse the various posting through the interest for something interesting and then write about it.And, while I cannot say what GATA writes is...Read More

Wall Street is also digesting a key inflation updateDow Jones Industrial Average (DJI) futures are signaling a strong start to March, last seen more than 170 points above fair value on fresh U.S.-China trade optimism. A Bloomberg report indicated officials from the two countries are preparing a trade agreement for President Donald Trump and Chinese President Xi Jinping to potentially sign by mid-...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 1. China The domestic ferro-chrome spot price rose to 6,850-7,100 yuan per tonne from 6,750-6,950 yuan per tonne a week before after domestic suppliers lifted their prices following Tsingshan's announcement that it had raised its tender price by 100 yuan per tonne on February 25. The news broa...Read More

Wall Street is selling Tesla's newsThe Dow is enjoying solid gainstoday, while the Nasdaq eyes yet another weekly win. But it's not all sunshine and rainbows, as grocery stock Kroger Co (NYSE:KR), biotech ImmunoGen, Inc. (NASDAQ:IMGN), and electric car concern Tesla Inc (NASDAQ:TSLA) are all sharply lower. Here's a quick look at what's got the shares of KR, IMGN, and TSLA struggling today.Options...Read More

The March 57.50 call and put are BMY's most active options todayIt's been a volatile stretch for Bristol-Myers Squibb Co (NYSE:BMY), per the stock's 60-day historical volatility of 40.5%, which registers in the 90th annual percentile. Today, one options trader appears to be initiating a long straddle, betting on this wild price action to continue in the near term.Most recently, roughly 150,000 cal...Read More

Jefferies reiterated its Street-high CPRI price target earlierCapri Holdings Ltd (NYSE:CPRI) stock is hot today, after Jefferies added the Michael Kors parent to its "Franchise Picks" list. The brokerage firm said it believes the shares could double -- and reiterated its Street-high $89 price target -- on strong long-term pricing power from the retailer's Jimmy Choo and Versace brands. At last che...Read More

Steel slab export prices from Brazil inched up in the week ended Friday March 1 because of lower volumes available and an uptrend in steel prices in the United States.Fastmarkets' weekly assessment of Brazilian slab export prices reached $500-540 per tonne fob on March 1, up from $490-530 per tonne fob a week earlier.The assessment was at its highest level since September 7, 2018, when prices were...Read More

The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More

Domestic prices for rebar in Poland have been supported by strong demand this week, sources told Fastmarkets on Friday March 1.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,200-2,320 zloty ($581-613) per tonne ex-works on March 1, compared with 2,220-2,320 zloty per tonne ex-works a week earlier.The assessment reflected deals and offers heard in the market. Alth...Read More

ALLY just pulled back to a historically bullish trendline Ally Financial Inc (NYSE:ALLY) stock has been in rally mode of late -- up roughly 30% from its Dec. 26 low of $20.61. The consumer lending concern is now directly below its year-over-year breakeven and testing a familiar ceiling at the $27.50 area. However, ALLY just sent up a bullish signal that, if history is any indicator, could point t...Read More

Global steel scrap prices began to edge up in Turkey this week while other key markets continued to lose ground, Fastmarkets heard during the week ended Friday March 1.Turkey succeeded in recovering some of its recent losses in new bookings, but these remained sparse and mills were still reluctant to enter the market. The US market continued to stagnate while prices in Asia edged down further due...Read More

March is starting on a positive note for stocksA tame reading on the Fed-watched personal consumption expenditures (PCE) index and hopes for a U.S.-China trade deal have marketscautiously higher this afternoon. However, lackluster data on U.S. manufacturing and consumer sentiment are keeping stocks' gains in check. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are in the black a...Read More

SQ just pulled back to a trendline with bullish implicationsSquare Inc (NYSE:SQ) had a roller-coaster earnings reaction yesterday, falling to $74.57 at its session low, only to erase those losses and close up 2.4% at $81.24. Although the stock is down 3.5% to trade at $78.08 today, it is trading near a trendline that has historically bullish implications.More specifically, Square stock is trading...Read More

The satellite operator also reported weak quarterly results and a dividend cutThe shares of Maxar Technologies Inc (NYSE:MAXR) are down 23.4% at $5.60, after the space technology firm said it was cutting 4% of its workforce -- more than 200 positions -- as part of a broader restructuring plan. The company also reported weak fourth-quarter results, lowered itsdividend payment, and said it's restruc...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 254,086108,43953,521146,161312,638453,768474,598 Change from Prior Reporting Period 39,916-857133-13,51526,85126,53426,127 Traders 21872684755291173 Small Speculators LongShortOpen Interest 50,87130,041504,639 2,0222,42928,556 non reportable positionsChan...Read More