Buz Investors EURUSD Marginally Higher A very light economic calendar and some easing political concerns are resulting in a modest gain in EUR/USD in today’s trading. The pair is currently at 1.0619, up 0.10% over Friday’s close.

$EURUSD Euro Unchanged as Eurozone, German Mfg. PMIs Meet Expectations

EURUSD Euro Unchanged as Eurozone, German Mfg. PMIs Meet Expectations

InvestorsBuz Euro Unchanged This morning at 10:40 GMT, the EUR is trading at 1.0789 against the USD, 0.06% lower from the New York close. Earlier today, the final Markit manufacturing PMI in the Eurozone advanced more than expected in January. This morning, the pair traded at a high of 1.0804

EURUSD

InvestorsBuz Euro Unchanged This morning at 10:40 GMT, the EUR is trading at 1.0789 against the USD, 0.06% lower from the New York close. Earlier today, the final Markit manufacturing PMI in the Eurozone advanced more than expected in January. This morning, the pair traded at a high of 1.0804 and a low of 1.0772. The Euro traded 0.35% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0795. The pair is expected to its find support at 1.0720 and its first resistance at 1.0834.

Markit manufacturing PMI in the Eurozone advanced more than expected in January

EUR/USD has taken a pause on Wednesday, following robust gains within the Tuesday consultation. currently, the pair is buying and selling at the 1.08 line. On the discharge the front, manufacturing PMIs in Germany and the Eurozone have been inside expectancies and each pointed to growth within the production quarter. within the US, there are key signs – ISM production PMI and the ADP payrolls. All eyes could be on the Federal Reserve, which will difficulty a price declaration and set the benchmark charge, which is expected to remain pegged at zero.50%. On Thursday, america will post unemployment claims.



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Euro Unchanged

The German financial system, the most important in Europe, has been sending combined messages this week. there was tremendous news on Wednesday, as German production PMI advanced to fifty six.5, pointing to strong expansion. This changed into simply shy of the estimate of fifty five.5. in advance inside the week, unemployment claims dropped through 26 thousand, as the unemployment fee dropped to 5.9% in January, its lowest level in view that reunification in 1989. but, key client indicators had been unexpectedly smooth. Germany’s financial system keeps to raise issues, as customer indicators have looked dismal this week. Retail income, the primary gauge of consumer spending, published a sharp decline of zero.9%, its fourth decline in five readings. This studying comes on the heels of initial CPI, which declined 0.6%, its first decline in nine months.

The Federal Reserve will be on middle degree on Wednesday, with the release of its policy assertion. After a historic region-point improve in December, which pushed fees to 0.50 percentage, the Fed is predicted to stay at the sidelines in its first launch of 2017. What happens next? just a few weeks in the past, Fed officers were speaking about a sequence of costs hikes in 2017 (sound familiar? Please rewind to January 2016 for an equal message). but,

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Buz Investors oil cut deal A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The committee is expected to discuss how to best monitor compliance with the deal reached late last year as

OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

  • Buz Investors oil cut deal A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday.
  • The committee is expected to discuss how to best monitor compliance with the deal reached late last year as well as what level of compliance would be acceptable, Kuwaiti oil minister Essam Al-Marzouq said in Vienna on Saturday.
  • Kuwait chairs the five-member committee which also includes Algeria, Venezuela, Russia and Oman. Asked about compliance with the deal so far, Saudi energy minister Khalid al-Falih said it had been “very good




oil cut deal

Buz Investors oil cut deal A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The committee is expected to discuss how to best monitor compliance with the deal reached late last year as

oil cut deal Eleven of OPEC’s 13 members along with 11 non-OPEC countries have agreed to make cuts for the first half of the year.

OPEC members Nigeria and Libya, both suffering setbacks in production, were given exemptions.

 

 

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oil cut deal

“The Kingdom [of Saudi Arabia] has taken the initiative and other countries took part in very significant actions,” Saudi Energy Minister Khalid al-Falih told reporters following the meeting.

Despite demand usually being lower in the first quarter in winter, the actions taken by the Kingdom and many other countries has impacted the market in a tangible way and we have seen the impact in spot prices,” al-Falih said.

Commodities ( Gold ) ( Silver ) ( Lithium )




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Bourassa on the lithium price almost tripling – and Nemaska’s advanced plan to meet demand

Bourassa on the lithium price almost tripling – and Nemaska’s advanced plan to meet demand

The BUZ on LITHIUM

  • Buz Investors lithium price almost tripling   Nemaska Lithium Inc. (TSXV: NMX | OTCQX: NMKEF) intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market
  • a market largely driven by electric vehicles, cell phones, tablets and other consumer products.
  • The spodumene concentrate produced at Nemaska Lithium‘s Whabouchi mine will be shipped to the Corporation’s lithium compounds processing plant to be built in Shawinigan, Quebec.

lithium price almost tripling

 Buz Investors lithium price almost tripling Nemaska Lithium Inc. (TSXV: NMX | OTCQX: NMKEF) intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging lithium battery market a market largely driven by electric vehicles, cell phones, tablets and other consumer products.

lithium price almost tripling  InvestorIntel Publisher Tracy Weslosky talks to Guy Bourassa, CEO and President of Nemaska Lithium, Inc. Guy Bourassa has so far secured more than $50 million in financing for the project.

In this interview Bourassa outlines:
◾How lithium consumers underestimated demand, and hence why the price has almost tripled;
◾The competitive advantage of locating in Quebec, not the least being the hydro power available (with Hydro-Quebec having two transformation plants within 20km of the planned mine);
◾How Canada’s drive for green energy brought Federal money for a plant to demonstrate Nemaska’s process to potential clients, and
◾How Nemaska became the first lithium junior to do a $12 million deal with one of the world’s leading specialty chemical companies.

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lithium price almost tripling

Tracy Weslosky: Guy I’m going to start by congratulating you. You won so many awards recently, fastest moving stock on the OTCQX. You were the number two mining company on the TSX Venture. We had that your stock was up 166% on the OTCQX and I read somewhere that your market capitalization was up over 200% last year. Can you tell us why in these depressed market times last year you fared better and defied gravity?

Guy Bourassa: Well, we were able to achieve this because we were reaching important milestones in the development of the company, mainly getting fully permitted for the Whabouchi Mine, getting Johnson Matthey to sign a MOU with us for a $12 million dollar purchase agreement of material to be produced in the future, support from the Quebec government and obviously we’re involved in lithium so we are one of the very few around the world that are fully permitted presently to start building and producing and entering this train of supply in the next couple of years. When people start realizing − when you compare with less advanced exploration projects − what we have in our portfolio: 100% ownership of the second largest and richest deposit of spodumene in the world, second only to Talison. And I insist on reserves; people brag about resource, potential resource − I’m talking about reserve that’s economically proven, second richest, second largest. We’ve developed our own process of making lithium hydroxide, lithium carbonate high purity at the lowest possible cost and the greenest way of making it. So, the more we talk about it the more, I would say, informed investors do look at the story.

Tracy Weslosky: I have so many questions to ask you. Let me just jump in here. I think I read in one of your answers as well the lithium salts required for lithium batteries is one of the reasons why lithium has taken off in the last little while. Is that what you think is the primary catalyst for the demand for lithium, lithium prices?

Guy Bourassa: Yes, of course. There’s an interesting normal growth for all industrial, known traditional applications for the different compounds, but in the past 5-6 years we’ve seen a very big increase in demand from batteries, all type of batteries, rechargeable batteries obviously for EV, hybrids, larger energy storage, obviously comes from a device. That, I think, was not really properly assessed by the actual suppliers and producers so there is currently a shortage of supply. There is not enough lithium − battery grade quality − that is available out there for the fast growing demand. Obviously this reflects on the price, spot price. The spot price has almost tripled in the past 6 months for lithium carbonate in China so obviously it reflects everywhere so very good place to be presently in the lithium space…to access the complete interview, click here

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USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

USDJPY Yen Quiet as Tankan Indices Meet Expectations

USDJPY Yen Quiet as Tankan Indices Meet Expectations

USD-JPY

  • Buz Investors Yen Quiet This morning, at 10:40 GMT, the US Dollar is trading at 115.13 against the Yen, marginally lower from the New York close.
  • Moving ahead, investors’ would focus on Japan’s flash Nikkei manufacturing PMI, due to release overnight. During the session, the pair traded at a high of 115.33 and a low of 114.83.
  • Yesterday, the US Dollar traded 0.11% lower against the Yen in the New York session and ended at 115.14. The pair is expected to its find support at 114.82 and its first resistance at 115.46.

Yen Quiet

USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

Yen Quiet  USD/JPY is steady on Wednesday, as the pair trades at the 115 line. On the release front, the Japanese Tankan indices met expectations. In the US, the markets await the Federal Reserve’s monetary policy statement, with a rate hike expected. As well, the US will release retail sales and PPI. Thursday will also be busy, as the US releases CPI, the Philly Fed Manufacturing Index and unemployment claims.

 

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Yen Quiet

The Japanese yen showed little reaction to third quarter Tankan indices, key indicators which gauge activity in the manufacturing and non-manufacturing sectors. The Tankan Manufacturing Index improved from 6 to 10 points, matching the forecast. The Non-Manufacturing Index remained unchanged at 18 points, just below the forecast of 19 points. These figures point to confidence among large manufacturing  and non-manufacturing sectors. The Bank of Japan will meet on December 18, and is expected to leave interest rates unchanged at -0.10%. Despite a sluggish economy, the bank has been hesitant to step in and ease monetary policy, as negative rates have done little to kick-start economic growth or raise anemic inflation levels.

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)




USDCAD: Trading the Canadian Employment Change

USDCAD Prices Decline as GDP Figures Meet Expectations

USDCAD Prices Decline as GDP Figures Meet Expectations

USD-CAD

  • Buz Traders USDCAD Prices Decline The pair is trading at 1.3395 at 09:40 GMT this morning, with the USD trading 0.11% lower against CAD from the New York close.
  • Investors would closely monitor Canada’s GDP figures and RBC manufacturing PMI, both scheduled to release in a few hours. The pair traded at a high of 1.3425 and a low of 1.3373 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday
  • , closing 0.16% higher at 1.3410. The pair is expected to its find support at 1.3369 and its first resistance at 1.3423.

USDCAD Prices Decline

USDCAD Prices Decline as GDP Figures Meet Expectations

USDCAD Prices Decline If the USD/CAD remains supported above 1.3352, traders may elect to trade the range in anticipation of prices rising back towards resistance. In this scenario, traders may look to buy the market near support and target a fully extension of the range toward resistance at 1.3433. If markets continue to range, sell orders for the USD/CAD may be considered against resistance, and this time target a move in the USD/CAD back towards support.

$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$12">Other Stories Buz Traders Share

$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$12">USDCAD Prices Decline

$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$12">

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$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$14">In range bound markets, traders may also elect to wait for a market breakout before trading. Bearish breakouts for the USD/CAD may being beneath the previously mentioned value of support. In this bearish scenario, traders may extrapolate a 1X extension of the 81 pip range to find initial pricing targets near 1.3271. In the event of a price bounce from support, and an eventual bullish breakout above resistance, traders may extrapolate initial targets near 1.3514.

AUDUSD deflates from highs

AUDUSD Central banks dominate as Fed, BoJ, BoE and RBA meet ahead of NFP report

AUDUSD  Central banks dominate as Fed, BoJ, BoE and RBA meet ahead of NFP report

AUD-USD

  •  Buz Investors Central banks dominate  The pair is trading at 0.7621 at 09:40 GMT this morning, with the Australian Dollar trading 0.29% lower against US Dollar from the New York close.
  • Overnight data revealed that, Australia’s export price index rose more than expected on a quarterly basis in 3Q 2016, while the import price index declined more than anticipated on a quarterly basis in the same period. This morning, the pair traded at a high of 0.7652 and a low of 0.7605.
  • The Australian Dollar traded 0.38% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7643. The pair is expected to its find support at 0.7587 and its first resistance at 0.7673.

Central banks dominate RBA to hold rates but outlook will be key

Central banks dominate

Central banks dominate The coming week will be dominated by central bank meetings as the US Federal Reserve, the Bank of Japan, the Bank of England and the Reserve Bank of Australia all hold their regular policy meetings. There will be no shortage of economic data either as Eurozone flash inflation and GDP figures are due along with the Markit/CIPS PMIs for the UK. But US data may grab the most attention as it will include personal consumption expenditure numbers, ISM surveys and the all-important non-farm payrolls report.

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The Reserve Bank of Australia is widely expected to keep its cash rate unchanged at 1.5% when it meets on Tuesday. Up until a few weeks ago, most analysts were anticipating the RBA to cut rates in November for the third time this year. However, following the last cut in August, the RBA has shifted its tone to a more neutral one while it assesses how inflation and the labour market perform over the coming months. The RBA is worried about risks to financial stability if rates are cut too low given that domestic demand in Australia remains robust. The central bank’s statement will therefore be closely scrutinized for signs of any change in its outlook that could indicate another cut in the near future.

Also to watch out of Australia next week are the September trade figures on Thursday and retail sales numbers on Friday.

Meet the Opel Ampera-e, the Chevy Bolt EV’s European Cousin

Meet the Opel Ampera-e, the Chevy Bolt EV’s European Cousin

Meet the Opel Ampera-e, the Chevy Bolt EV’s European Cousin

  • the new Opel Ampera-e, a nearly identical version of the all-electric Bolt that’s set to make its European debut at next month’s Paris auto show.
  • If the Ampera name sounds familiar, that’s because it’s the nameplate that Opel (and Vauxhall, in the U.K.) chose for its version of the previous-gen Chevrolet Volt
  • just like in the U.S. where the Bolt and Volt names make for a messy distinction between the two cars, the Europeans will have their own sort of badge confusion

The coolest feature of the Opel-specific version might be the logo,

Meet the Opel Ampera-e, the Chevy Bolt EV’s European Cousin

Announced at Bochum, Germany’s CAR Symposium today, the Opel Ampera-e might look a bit familiar. That’s because it’s a rebadged version of the Chevy Bolt, first unveiled at CES last month, an electric car with 200 miles of range that is expected to run $30,000 when it goes on sale later this year. Opel is GM’s Germany-based brand that may not be familiar to American readers, because it doesn’t sell cars there.

Details on the Ampera-e remain scant, but the model was officially announced by GM chairman and CEO Mary Barra at Thursday’s CAR Symposium, an annual future mobility conference in Bochum, Germany. According to Barra, “GM and Opel have always been convinced that electric cars will play a defining role in future mobility. The game-changing technology of the Ampera-e is a significant step toward realizing that vision. Our new battery electric car is also another boost for Opel’s reputation for making innovative engineering widely accessible.”

Regardless of naming mishaps, the Ampera-e should have a significant impact on the European EV market with its impressive electric drivetrain shared with the U.S. version of the car. Opel isn’t yet providing full specifications, but the 60.0-kWh battery pack will remain, along with the claimed driving range of more than 200 miles on a full charge. Its five-seat hatchback body isn’t changed, either, other than the requisite “Opel” and “Ampera-e” badges

 

EU trio to meet in bid to halt bloc's collapse

EU trio to meet in bid to halt bloc’s collapse

EU trio to meet in bid to halt bloc’s collapse

  • EU trio The leaders of Germany, France and Italy will meet on an island off the coast of Naples tomorrow to discuss how to keep the European project together in the second set of talks between the eurozone’s three largest economies since Britain’s vote to leave the EU.
  • According to a French diplomatic source, Merkel wants to cement “a better Europe” rather than forge ahead with “more Europe,” Renzi wants Italy to have a strong voice in how the bloc’s future is shaped post-Brexit and Hollande wants an EU-wide investment plan to be doubled.

powerbrokers will meet at the ‘birthplace of the European superstate’ as they begin their bid to prevent the EU’s collapse

EU trio to meet in bid to halt bloc's collapse

German chancellor Angela Merkel, French president Francois Hollande and Italian prime minister Matteo Renzi are set to hold talks on the tiny island of Ventotene, off the coast of Naples, on Monday.

The trio will discuss how to respond to Britain’s historic vote to quit the EU, which has rocked the rest of the bloc.

Their meeting comes less than a month before a larger summit of the remaining 27 EU leaders in Bratislava, Slovakia, to discuss reform and a recalibration of the EU in the face of rising euroscepticism across the continent.
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The Bratislava summit will be an ‘informal’ EU meeting as Theresa May is not invited, despite Britain remaining an EU member for at least two further years until it has completed Article 50 exit negotiations.

Before the EU referendum, top Brussels bosses had expressed fears the bloc could collapse entirely in the wake of a Brexit result.

They voiced concerns a Leave vote would cause Brexit ‘contagion’ by sparking a ‘domino effect’ of other member states looking to quit.