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Wahl Instruments Inc. adds the HSI3000B to its line of Wahl Heat Spy Thermal Imaging Cameras.  This new thermal imaging camera for buildings “is the best equipped entry level device on the market – with the highest specification in its class."

The 90-minute LeadSafe Video Solutions “RRP Lead Safe Practices” video and manual offer real-world examples of lead-safe practices to help embrace the new RRP rules

The ARMOR X7 compact tablet is specifically-designed for those mission-critical tasks that require connectivity, hand-held mobility, ease of use and the durability to support all-weather operations.

The FireBird Fury features 750 CFM of airflow for a safe temperature rise and maximum heat circulation. With its integrated 12” inlet and outlet duct connections and included remote thermostat, the Firebird Fury can effectively deliver heat and control temperature even into remote or inaccessible spaces.

MP Global Products recently introduced two high performing time- and labor-saving self-adhesive membranes for floor and wall tiling.

The world’s first and leading fiberglass mesh drywall tape brand, FibaTape®, has once again added a new drywall tape to its growing product line.

Both the R125 and the R150 combine Phoenix innovation, technical expertise, and proven durability into their small, portable, chemical resistant roto-mold housings. 

Prochem says that the tool’s advanced design speeds jobs and all at a cost that’s 75% less than a traditional ride-on extractor.

KILZ MAX Interior Water-Based Primer features a unique water-based “epoxy” technology that offers all the performance of an oil-based primer, including the ability to block the most severe stains. 

Concrobium Broad Spectrum Disinfectant is a botanically-derived solution that provides proven disinfection and superior cleaning capabilities. 

Access locations your competitors can’t and save extraction time and increase your profits with this winning combination of productivity tools.

The RM85 is the latest in Ebac’s line of rotational molded polyethylene housing dehumidifiers.

11/19/2024 - 12:00 PM - Venue: Eagles lodge

11/19/2024 - 12:00 PM - Venue: Assistance League of Pueblo

11/18/2024 - 7:00 PM - Venue: City Council Chambers

11/18/2024 - 6:30 PM - Venue: Pueblo West Library

11/18/2024 - 6:00 PM - Venue: Rawlings library

11/18/2024 - 2:00 PM - Venue: Pueblo County Courthouse

11/18/2024 - 1:00 PM - Venue: Rawlings library

11/18/2024 - 12:00 PM - Venue: Pueblo Country Club

11/18/2024 - 8:30 AM - Venue: First United Methodist Church

11/17/2024 - 1:30 PM - Venue: Rawlings Library

Craft beer has revolutionized the industry and is moving out of microbreweries and into the main market. According to the Brewers Association, there were over 3,200 brewers in the United States as of November 2014.

In their latest Global Beverage Packaging Market report, market research firm TechNavio (technavio.com) estimates that the beverage packaging industry will have a compounded annual growth rate of 4.11% globally over the next four years.

The processed-meat industry is currently experiencing a period of rapid expansion.

FLSmidth will be the largest customer of the new plant, which will serve as a comprehensive hub for the company’s warehousing and packaging needs, including dangerous-goods-certified solutions.

NZD/USD not a lot changed. The kiwi$ lost ground with the broad US dollar bid.

---

The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.

• calculated and published monthly by Statistics New Zealand
• the FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand households
• the FPI is an important indicator of inflation in New Zealand, as food prices account for a significant portion of household expenditure

The data is a day later than normal this week due to the US holiday on Monday.

The numbers via oilprice.com on Twitter:

--

Expectations I had seen centred on:

• Headline crude +0.1 mn barrels
• Distillates +0.2 mn bbls
• Gasoline +0.6 mn

---

This data point is from a privately-conducted survey by the American Petroleum Institute (API).

• It's a survey of oil storage facilities and companies
• The official report is due Wednesday morning US time.

The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)

• Its based on data from the Department of Energy and other government agencies
• Whereas information on total crude oil storage levels and variations from the previous week's levels are both provided by the API report, the EIA report also provides statistics on inputs and outputs from refineries, as well as other significant indicators of the status of the oil market, and storage levels for various grades of crude oil, such as light, medium, and heavy.
• the EIA report is held to be more accurate and comprehensive than the survey from the API

UBS is sticking to its bullish gold forecast.

• says the move higher for equities and lower for gold is a 'highly optimistic' view for lower policy and political risk, this is premature
• expect US yields and US dollar to move into downtrend, which will support gold
• gold fundamentals, as a hedge and diversity play, are intact

The latest Labour Force report from the Australian Bureau of Statistics, for October 2024.

Employment +15.9k

• expected +25.0k, prior +64.1k

Unemployment Rate 4.1%

• expected 4.1%, prior 4.1%

Participation Rate 67.1%

• expected 67.2%, prior 67.2%

Full Time Employment +9.7k

• prior +51.6k

A slightly softer employment report than we are accustomed to. Not a bad one. But a miss for jobs added, and the participation rate saw a tic knocked off.

More:

• employment to population ratio remained at 64.4%
• underemployment rate decreased to 6.2%
• monthly hours worked increased to 1,972 million.

more to come

The October jobs report from Australia was not as strong as we have become accustomed to:

• Australian October unemployment rate 4.1% (vs. 4.1% expected)

It was not a poor report, just not another blockbuster!

AUD/USD is not a lot changed. Earlier we had Reserve Bank of Australia Governor Bullock sounding not dovish:

• RBA Bullock says rates are restrictive enough, staying there until confident on inflation

Still no efforts from Japan to talk up the yen.

The USD is stronger pretty much everywhere.

USD/JPY has pooped above 156.00 and its straddling thereabouts as I post.

No fresh news apart from whats been posted. Not that any is needed right now.

Noting this, report comes from Japan media (Sankei) via Reuters:

• Japanese government to compile a supplementary budget of about 13.5 trillion yen ($87 billion)
• to fund a stimulus package to help low-income households and offset rising prices
• government would provide 30,000 yen to low-income households that are exempt from residential taxes and 20,000 yen per child for households with families

There is just one to take note of, as highlighted in bold. But dollar domination is the name of the game now, so just be wary that the expiries aren't going to matter all too much.

The one highlighted is for EUR/USD at the 1.0550 level. However, it isn't one that holds any technical significance now that the pair has broken below the April low of 1.0601. The 1.0500 mark is next on the cards with the October 2023 lows beckoning below that closer to 1.0450.

The monthly chart for the pair highlights how we've been in a range between roughly 1.0500 to 1.1200 since the start of 2023. So, there is some key technical focus towards the downside support there and that's the more important level to pay attention to with the dollar continuing to push upwards.

For more information on how to use this data, you may refer to this post here.

That makes it a congressional red sweep and the question now is just how much of a majority will they command in the House? The latest NYT projections here show Republicans do have the needed 218 seats claimed for a majority. However, there are still 9 seats yet to be called.

There are some seats such as Iowa 1 and California 45, which are toss ups, that could go to a recount and take a longer time to settle due to the current margins. For some context, here is a list of the more competitive districts as a reference.

But even if you give those two to the Democrats, Republicans will at least snag Alaska 1 to end with 219 seats. That is the bare minimum that they should win with when all is said and done.

There was a bit of a wrestle after the US CPI report yesterday but eventually, the dollar once again reigned supreme. EUR/USD saw a break below the April low of 1.0601 and has now traded down to fresh lows for the year. As the greenback continues to run a rampage, it is starting to draw in a rather critical level for EUR/USD in the bigger picture:

As seen from the above, the pair has been sort of stuck within a range of 1.0500 to 1.1200 roughly since the start of 2023.

As such, there looks to be an inevitable pull towards the 1.0500 mark now as sellers have proven their mettle at each and every other test since the start of October trading. The most recent of course being the fall below the April low of 1.0601, as mentioned above.

Taking the technical backdrop above into consideration, it pretty much means we're reaching a very, very critical juncture in gauging the post-election dollar momentum.

A firm break below 1.0500 is not only one to set off any further declines in EUR/USD. But the spillover potential means that it is going to spur even further gains in the dollar as we look towards year-end.

There is certainly strong arguments for that, as Adam pointed out here. But are traders going overboard in frontrunning the potential for the Trump trade and tariffs? That's something to consider as well perhaps.

For now, the momentum trade is name of the game in FX. However, don't ignore the implications set out by key technical boundaries such as the one in the chart above. That will be vital in determining the strength and resolve of the dollar momentum we're seeing now.

The US CPI report yesterday here provided some reason for a push and pull in markets but ultimately, the dollar settled higher as it continues its post-election momentum. It's tough to fight that especially with dollar bulls also seeking out key technical breaks on the charts. And the greenback is once again keeping a little firmer today:

EUR/USD is holding at its lowest levels this year after the break below the April low of 1.0601 overnight. Meanwhile, USD/JPY had a brief brush against 156.00 earlier as it eyes further gains alongside an uptick in Treasury yields.

Elsewhere, GBP/USD is closing in on its August low of 1.2665 while USD/CAD is up to its highest levels since 2020 in a push above 1.4000. It's all about the dollar as it rampages on in the post-election period.

Looking to the session ahead, there isn't anything on the agenda in Europe to shake up that sentiment. All eyes will once again fall on more US data later in the day to perhaps add to the mix. Otherwise, the euphoria from Trump trades is still very much permeating across broader markets with Bitcoin also hoping to firmly clear $90,000 since yesterday.

0800 GMT - Spain October final CPI figures1000 GMT - Eurozone Q3 GDP second estimate1000 GMT - Eurozone September industrial production

That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.

• Prior +1.5%
• HICP +1.8% vs +1.8% y/y prelim
• Prior +1.7%

Core annual inflation was seen at 2.5% on the month, up slightly from 2.4% in September. That just reaffirms a small bump in the works in the disinflation process. But given recent developments, the ECB will still feel comfortable in sticking with rate cuts for now.

Why it's important?

The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reaction is the distribution of forecasts.

In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the range of estimates but on the lower bound of the range, it can still create a surprise effect.

Distribution of forecasts for PPI

PPI Y/Y

• 2.4% (11%)
• 2.3% (68%) - consensus
• 2.2% (16%)
• 2.0% (5%)

PPI M/M

• 0.4% (2%)
• 0.3% (13%)
• 0.2% (74%) - consensus
• 0.1% (7%)
• 0.0% (2%)
• -0.1% (2%)

Core PPI Y/Y

• 3.1% (12%)
• 3.0% (47%) - consensus
• 2.9% (35%)
• 2.7% (6%)

Core PPI M/M

• 0.3% (57%) - consensus
• 0.2% (40%)
• 0.1% (3%)

Analysis

We can ignore the headline PPI as the market will focus on the Core figures. We can notice that the expectations are skewed to the downside, so a higher than expected reading would be taken as more hawkish and likely give the US Dollar another boost. Conversely, a soft print could trigger a pullback.

The US Dollar remains in an uptrend as the market continues to price out the rate cuts expected in 2025. Right now we have another 25 bps cut priced for December and just two 25 bps cuts priced in 2025 which is already much lower than the Fed's projection of four.

Therefore, there's still a couple of rate cuts to price out in 2025 if the data continues to run hot, but at that point we would need a real acceleration in inflation to have the market pricing in a rate hike. For now, the bar for rate hikes is really high as the maximum the Fed is willing to do is to pause the easing cycle.

Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is proud to announce a partnership in the United Arab Emirates (UAE).

On Nov. 13, Valhalla unveiled a partnership with Dubai's Mall of the Emirates, marking a milestone in its global outreach efforts.

The partnership will see Valhalla’s branding prominently displayed across 93 screens in the mall for a four-week campaign running from November 15 to December 12.

Mall of the Emirates, located in the heart of Dubai, is one of the world’s most prestigious shopping destinations. Since opening in 2005, it has become an iconic landmark, attracting millions of visitors each year. The mall sees daily traffic of approximately 111,500 people, making it a prime venue for Valhalla’s campaign to reach a diverse and international audience.

The mall’s strategic location on Sheikh Zayed Road, a prime area in Dubai, combined with its diverse visitor base, offers Valhalla an opportunity to engage both local and international audiences.

Spanning an area of 255,489 square meters, the multi-level mall boasts over 630 retail outlets, 80 luxury stores, and 250 flagship stores. It also features some of Dubai’s most popular attractions, including the indoor ski resort Ski Dubai, the Magic Planet entertainment center, and VOX Cinemas. The mall’s dining options, with over 100 restaurants and cafés, further enhance its appeal as a top destination for both residents and tourists.

The Campaign’s Goal

Valhalla is ramping up its presence in the UAE, a key market for crypto adoption.

Despite its smaller population, the UAE ranks as the third-largest crypto economy in the MENA region, with $34 billion in crypto transactions recorded between July 2023 and June 2024. This represents an impressive 42% year-on-year growth, far outpacing the MENA average of 11.73%, according to Chainalysis.

Dubai’s rapid evolution into a crypto hub has been fueled by initiatives like the Dubai International Financial Centre (DIFC) and Virtual Asset Regulatory Authority (VARA), which offer crypto-friendly regulatory frameworks. This has drawn major players and startups, solidifying Dubai’s status as a global crypto leader.

Valhalla’s campaign at Mall of the Emirates aligns perfectly with this momentum. By showcasing its brand in one of Dubai’s busiest and most iconic locations, Floki aims to boost awareness and adoption of its ecosystem.

This campaign follows Floki’s recent four-week marketing initiative at WAFI Mall in Dubai, running from November 8 to December 5, where its branding appears across 18 digital screens. Together, these efforts are part of Floki’s larger strategy to dominate the Dubai crypto scene.

About Valhalla

Valhalla (https://valhalla.game/) is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game.

About Floki

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence.

Key players from the financial services industry are looking forward to the latest edition of the highly anticipated Finance Magnates London Summit (FMLS:24), taking place at the historic Old Billingsgate between 18-20 November, in the heart of the City.

Now in its 13th year, the summit is expected to bring together more than 3,500 attendees, over 150 speakers, and 120+ exhibitors from across the world. As one of the premier financial events on the calendar, FMLS:24 is where executives in fintech, online investing, crypto and payments go to connect.

Among the most notable firms signed up to attend is X Open Hub, a leading provider of liquidity services. The company has just been confirmed as an official exhibitor at the event, meaning it will have a prime position on the expo floor via its own dedicated exhibition stand.

Open for business in London

X Open Hub will be bringing its expert team of professionals along to the prestigious UK event, with representatives on hand to showcase the excellent range of innovative products and cutting-edge technologies available to potential clients from Booth 77.

Interested attendees are invited to visit the booth within this high-calibre setting, which serves as an ideal meeting point for meaningful interactions, personalised live product demonstrations, and potential networking opportunities. With its visible presence in London, the company not only reinforces its position as a top-tier liquidity provider but also signals its commitment to growth and expansion in both the UK and broader international markets.

Top provider of award-winning services

Alongside its attendance at FMLS:24, X Open Hub has been nominated for a prestigious industry award, with the firm on the shortlist to be crowned ‘Best B2B Liquidity Provider (Prime of Prime)’ at the London Summit Awards.

This latest nomination represents the latest in a long line of industry recognition the company has received over the years, underscoring its commitment to delivering high-quality liquidity solutions, while further solidifying its standing as a trusted partner in the financial services industry.

The voting round closes on 11 November, with the winners set to be announced at a special awards ceremony at the London Summit on 20 November. For those wishing to cast their vote for X Open Hub, please visit Finance Magnate’s website.

The go-to liquidity provider

With its extensive experience in the financial sector, built up over a number of years since its inception in 2013, X Open Hub has a track record for providing world-class trading technology to banks, brokers and startups.

The exhibition offers the perfect opportunity for interested parties to meet the team face-to-face and explore the latest market trends, strategies, and best practices for thriving in today’s ever-evolving financial landscape. Thanks to its mission of providing unmatched liquidity solutions designed to meet the needs of today’s trading environment, X Open Hub is a standout choice among its peers within the financial services industry. With deep order book execution and ultra-fast data feeds, the firm delivers not only reliable performance and seamless market access but also upholds full regulatory compliance with EMIR and MiFIR standards. Adding to this, its flexible offerings – such as rebates for spreads and book-share models – further enhance the value provided to clients. At FMLS:24, X Open Hub welcomes potential collaborators to explore strategic partnership opportunities designed to drive mutual growth and innovation. Visitors are encouraged to discuss customised liquidity solutions tailored to meet industry demands and engage directly with the X Open Hub team to discover their adaptable, high-performance offerings.

To schedule a meeting at the upcoming FMLS:24 event, please click here.

About X Open Hub

X Open Hub is a leading CFD liquidity provider, offering over 5,000 instruments. This includes more than 2,500 stocks and ETFs on 16 major exchanges worldwide, over 60 currency pairs, more than 50 cryptocurrencies across 9 exchanges, over 30 indices, and the most popular commodities. The company has 100+ partnerships in more than 25 countries. It also holds licences in multiple jurisdictions, including the FCA, CySEC, KNF, FSC, DFSA, FSCA and FSA, enabling it to provide compliant broker solutions with risk sharing. X Open Hub is dedicated to delivering tailor-made solutions that support clients in achieving their business ambitions.

Follow X Open Hub on its social media channels for live updates and exclusive content during the FMLS:24 event, including on LinkedIn and Facebook.

• Prior +1.8%; revised to +1.5%

Looking at the details, the drop here is largely driven by a decline in capital goods (-3.8%) and energy production (-1.5%). The former is seen declining back after a surge higher in August (+3.8%). The declines for the month are partially offset by increases in output for durable consumer goods (+0.5%) and non-durable consumer goods (+1.6%). The production for intermediate goods was flat on the month.

• An 'activist' approach means to cut less until it is clear inflation persistence has been purged
• I would be ready to cut rates in bigger steps when inflation risks have gone

As mentioned, she's arguably the most hawkish member on the policy committee. So, these comments need to be taken with that in consideration. Her comments are also reflected by her bank rate vote last week here, as she was the only member to dissent against the rate cut decision.