There is just one to take note of on the day, as highlighted in bold.

It's the same one for EUR/USD as seen yesterday, at the 1.0800 level. The expiries today are relatively large and could provide a draw/magnet for price action in the session ahead. That could very well keep the price range more limited, alongside key near-term levels.

The 200-hour moving average, seen at 1.0820 currently, is still providing a ceiling for any upside extensions. And price action is trading narrowly in between that and the 100-hour moving average, seen at 1.0803 currently. So, the expiries at 1.0800 adds to some pull in and around those levels.

That until they roll off later in the day or we get a key catalyst of sorts, which isn't likely given the lack of items on the economic calendar until US trading.

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

There are just a couple to take note of on the day, as highlighted in bold.

And they are both for EUR/USD at the 1.0775 and 1.0850 levels. The expiries are sandwiching the spot price at the moment with price action this week largely contained in between 1.0780 through to 1.0825. As such, the expiries will add to those defensive layers on either side.

That being said, the euro side of the equation will come into focus with plenty of CPI and GDP data in the day(s) ahead. So, just be wary of that.

In terms of technicals, the pair is consolidating somewhat after testing the August low of 1.0777. Buyers are holding on somewhat with the near-term chart also reflecting that, with price action now just above its 100 and 200-hour moving averages of 1.0809-15. But I would argue getting above the Friday high of 1.0839 will do more to convince of a potential turnaround for buyers. So, keep that in mind as well.

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

There are a couple to take note of, as highlighted in bold.

The first one is for EUR/USD at the 1.0850 level and that is likely to limit price action until we get to the euro area inflation data later. The numbers there offers a risk to the single currency, but there is also still a ceiling from the 200-day moving average at 1.0868. That will be a key technical level to watch in the day ahead.

Then, there is one for USD/CHF at the 0.8650 level. With price action holding below the 100-day moving average of 0.8677 in the past few days, the expiries here could keep things more locked in until traders feel comfortable to chase the next key technical push in the pair. Just be wary that there is another large set of expiries at the same level for tomorrow too.

And lastly, there is one for EUR/GBP at the 0.8350 level. It isn't one that holds much technical significance but could offer a bit of a floor to price action after the rise yesterday, in which the pound was dragged down amid the UK budget while the euro perked up on CPI and GDP data.

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

Justin is away for today. This is my sad imitation of his awesome option expiry post ;-)

Justin will be back on Monday.

EUR/USD

• 1.0900 (EUR1.1bn), 1.0840 (EUR863m)

USD/CAD

• 1.3940 (US$693m), 1.3885 (US$650m), 1.3900 (US$457m)

GBP/USD

• 1.2900 (GBP638m), 1.2850 (GBP600.4m), 1.2800 (GBP490m)

AUD/USD

• 0.6700 (AUD451m)

NZD/USD

• 0.6100 (NZD720m)

USD/CNY

• 7.1500 ($854m)

EUR/GBP

• 0.8340 (EUR719m), 0.8400 (EUR328m), 0.8200 (EUR305m)

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

There are a couple to take note of on the day, as highlighted in bold.

The first one is for EUR/USD at the 1.0900 level. The figure level isn't one that holds any technical significance but the expiries could well help to box in price action in the session ahead. That without much fresh headlines involving the US election in the meantime. However, with the dollar under pressure, there is still a chance of European traders following through on the earlier price action. So, that's something to be wary about.

Then, there is one for AUD/USD at the 0.6600 level. The expiries are pretty huge and sits near the 200-hour moving average of 0.6599 currently. But the pair is largely driven by dollar dynamics to start the week, with the greenback opening with a gap down on US election sentiment. That is still the key driver to watch in the session(s) ahead but just note of the 200-day moving average at 0.6627 for the pair. That will be the bigger key level to watch on the charts for now.

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

There are just a couple to take note of, as highlighted in bold.

And they are for EUR/USD at the 1.0850 and 1.0900 levels. Considering the focus on the US election, this will keep price action more boxed in going into European trading and before we get to the election rush later in the day.

Besides that, market sentiment will be largely driven by election headlines over the next few sessions more so than anything else.

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

There is just one to take note of on the day, as highlighted in bold. But on a day like this, the influence of the expiries is far from the first thing in driving or impacting trading sentiment. It's all about the US election and the momentum flows riding from the results and emotions. As such, I wouldn't place much emphasis on the large one at 1.0725 currently for EUR/USD.

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

There are a couple to take note of, as highlighted in bold.

They are both for EUR/USD at the 1.0725 and 1.0775 levels. To some degree, the expiries might just lock price action in between these levels but it's all about post-election sentiment now. And momentum flows will be the key driver of the moves, in particular the dollar. For now though, the greenback is seeing a slight pullback to yesterday's gains. So, the ones at 1.0775 could help to just keep a lid on things until we get to US trading at least.

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

There are just a couple to take note of on the day, as highlighted in bold.

And again, they are all for EUR/USD layered in between 1.0750 through to 1.0800. Post-election sentiment is still the name of the game in driving FX flows now, so the expiries are just secondary drivers alongside everything else at the moment. That being said, they could play a role in keeping price action more boxed in until we get to US trading again later.

There aren't any key risk events on the calendar to really impact EUR/USD sentiment. So, it's all about how the post-election flows will settle as we look towards the end of the week.

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

There is just one to take note of, as highlighted in bold.

That being for EUR/USD at the 1.0700 level. The daily lows last week were held by the figure level, so the expiries will add another layer to that as we get the new week underway at least. With the bond market absent to start the week, there might not be too much appetite for traders to chase any outsized moves.

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

There are just a couple to take note of on the day, as highlighted in bold.

And they are both for EUR/USD at the 1.0600 and 1.0625 levels. The pair is being pressured to the downside, touching its lowest levels since April now as the dollar continues to rampage forward. As such, that will put added emphasis on key support from the April low of 1.0601. The expiries above will just add a bit of a defensive layer as well, at least for the session ahead.

There will also be another notable one at 1.0600 for tomorrow, so just keep that in your back pocket in case. But for now, the post-election dollar sentiment continues to be the number one driver.

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

Gold futures warning: bull flag breakdown points to further downside risk for GC traders ????

Gold futures (GC) have recently broken out of a significant bull flag formation, and after a strong rally, prices have now pulled back, raising concerns among traders and investors. Let’s dive into the details and what it means for those holding or trading gold.

Understanding the measured move: a key level for professional traders ????

After breaking out of the yellow bull flag on the 4-hour chart, gold prices made a “measured move” from the low point A to the top of the bull flag pole at B, reaching as high as C. In trading, a measured move is a projection based on the initial rally (or decline) within a pattern, allowing traders to estimate where the price might head next. This level often aligns with Fibonacci retracements, with the 50% level in this case acting as a key decision-making point for professional traders and algorithms, who tend to sell at the completion of a measured move.

In this case, the measured move fulfilled its target, and prices began to pull back, signaling that some traders are locking in gains and potentially positioning for a reversal. This is often seen as an exhaustion point, where buyers lose steam, and sellers start stepping in.

Retesting the broken bull flag: signs of weakness? ????

Now, gold is retesting the previously broken bull flag, a critical area that could either act as support or become a point of resistance. As of the latest data, GC futures are trading below the Value Area Low (VAL) of approximately 2635-2636, adding further bearish pressure to the outlook. If prices close below this level today, it may signal that support is not holding—a significant concern for gold bulls.

What traders should watch ????

• Closing price relative to VAL (2635-2636): A close below this level today would be a bearish signal, indicating that the support zone is failing to hold.
• Consecutive closes below VAL: If today and tomorrow both close below 2635-2636, it could reinforce a bearish trend, making it even harder for gold to recover in the short term.
• Bull flag as potential resistance: Now that the bull flag is broken, it may act as a new resistance point, which could further press down on prices.

Bottom line: is gold at risk of further downside? ⚠️

The recent breakdown from the bull flag, the completion of the measured move, and the failure to hold above the Value Area Low are all red flags for gold bulls. Should prices continue to close below 2635-2636, it could signal a stronger bearish trend for GC futures. As always, traders should approach with caution and assess their risk, as the market could face additional selling pressure if these support levels fail to hold. Trade at your own risk and visit ForexLive.com for additional views.

Gold has been trending higher for a while now as traders hopped on the risk/safety trade going into the US election. Also higher inflation fear may have conttibuted. Finally, technicals were a help.

Looking at the daily chart below, apart from a day or two in February, the price has traded above the 100-day MA (blue line on the chart below) for every other day of the 2024 year. That MA is still well below at $2534.81. The current price is at $2619.79. Getting below it would be needed to give the sellers more control from a longer-term perspective.

Drilling down to the hourly chart below, the price trend move to the upside has seen corrective moves this year. More specifically, the price has alternated from trending with the price trading above the 100 and 200-hour moving averages, to correcting when the price fell below those moving averages.

On October 31st the price moved back below its 100-hour moving average. On November 1, and again on November 6 and November 8, the price retested the 100-hour moving average (on upside corrective moves) and found willing sellers against that moving average level. The sellers stayed in control at least in the short term (see three red arrows on the chart below).

In trading today, the momentum has increased to the downside with the price moving from a high of around $2675, to a low of $2610.52. The price is currently trading at $2619 down -$64 or -2.38%.

What next?

Looking at the hourly chart, the price is approaching a swing area going back to September and October (see red numbered circles and yellow area on the chart below) that area comes between $2598 and $2604. Also in play is the 38.2% of the move up from the June 2024 low to the October 30 high. That level comes in at $2598.06.

Getting below the 38.2% retracement is the minimum retracement target that shows the seller's mean business. Absent that, and the correction is just a normal correction in a trending market.

Traders will be watching that area for short and medium-term clues today and going forward. A move below will have traders looking toward the 50% midpoint at $2538.70 area. Around that area is also the rising 100 day moving average at $2534.80 increasing the areas importance. Be aware.

The USDCAD moved higher in the Asian session and extended above the highs over the last few weeks between 1.3945 and 1.3958. The high price extended to 1.39664 but fell short of the 2022 high which came in at 1.3977.

The inability to move higher turn the buyers to sellers, and the price has rotated back down toward the close from yesterday's trade where buyers have stalled the fall.

On the downside, the next major target comes against the rising 100 and 200 hour moving averages between 1.3908 and 1.3911. It would take a move below that area to increase the bearish bias with the 100 bar moving average on a four hour chart the next downside target at 1.38868.

On the top side, getting back above 1.3945 and 1.3958 would have traders looking again toward the 2022 high at 1.3977. Get above that level opens the door for further upside potential.

----------------------------------------------

USDCAD Summary

The USDCAD rose in the Asian session, approaching 2022 highs.

Key Points:

1. Broke above recent highs (1.3945-1.3958).

2. Reached 1.39664, shy of 2022 high (1.3977).

3. Buyers turned sellers, and the price fell.

Outlook:

Bullish Scenario

Move above 1.3945, 1.3958, and 1.3977 confirms further upside.

Bearish Scenario

Break below 1.3908-1.3911 (100/200-hour MA) and 1.38868 (100-bar MA) increases bearish bias.

Levels to Watch:

• Resistance: 1.3945, 1.3958, 1.3977

• Support: 1.3908, 1.3911, 1.38868

The cryptocurrency market is evolving rapidly, and with it, advanced financial instruments like futures and options have emerged as popular tools for traders seeking to maximize their investment strategies. While these derivatives allow for speculative trades and strategic risk management, they each have unique characteristics, pros and cons, and complexities that make them suitable for different types of traders. As these instruments gain popularity, especially in crypto-focused financial hubs often termed as "Crypto Cities," understanding the nuances between futures and options has become essential for modern investors.

In this article, we’ll take an in-depth look at the mechanisms behind futures and options, their applications in cryptocurrency markets, and which scenarios favor each instrument. Whether you are looking to leverage a small investment into potentially higher returns or hedge your existing crypto holdings, this guide will provide you with a comprehensive understanding of futures and options and how they fit into the ever-expanding landscape of crypto trading.

What Are Futures in the Crypto Market?

Definition and Mechanism

Crypto futures are financial contracts obligating the buyer to purchase (or the seller to sell) a specific cryptocurrency at a predetermined price at a specified future date. Unlike spot markets, where transactions are settled instantly, futures allow traders to speculate on the future price movement of a cryptocurrency without owning the underlying asset.

Key Features of Crypto Futures

• Leverage: Futures contracts allow traders to control a larger position with a smaller amount of capital by using leverage. However, this amplifies both gains and losses.
• Settlement Date: Futures have an expiration or settlement date, which defines when the contract must be fulfilled or closed.
• Market Liquidity: Futures often have high liquidity, particularly for popular cryptocurrencies like Bitcoin and Ethereum.

Pros and Cons of Futures

• Pros:
• High potential for returns with leveraged positions.
• Flexibility to profit from both rising and falling markets.
• No need to own the underlying cryptocurrency.
• Cons:
• Elevated risk due to leverage, which can lead to significant losses.
• Expiry dates require positions to be managed actively.
• Complex for beginners without financial background or trading experience.

What Are Options in the Crypto Market?

Definition and Mechanism

Crypto options give traders the right, but not the obligation, to buy (call option) or sell (put option) a cryptocurrency at a specified price on or before a certain date. This characteristic provides a flexible way to speculate on price movement or hedge against potential losses.

Key Features of Crypto Options

• Premium: To acquire an option, traders pay a premium, which is the upfront cost of the contract.
• Expiration Date: Like futures, options also have an expiration date, after which the option becomes invalid.
• Limited Risk for Buyers: The maximum loss for an option buyer is limited to the premium paid, whereas sellers face potentially unlimited losses.

Pros and Cons of Options

• Pros:
• Lower initial cost since only the premium needs to be paid.
• Limited risk for option buyers.
• Flexibility to hedge against price volatility.
• Cons:
• Options pricing can be complex, involving factors like volatility and time decay.
• Potential for unlimited losses for option sellers.
• Premiums can reduce profitability if the market doesn’t move in the anticipated direction.

Futures vs. Options: Key Differences

Obligation vs. Right

• Futures: With futures, both buyer and seller are obligated to fulfill the contract at expiration.
• Options: Options buyers are not obligated to exercise the contract. They can choose to let it expire if it’s unprofitable, minimizing potential losses to the premium paid.

Risk Exposure

• Futures: Leverage can amplify profits and losses, meaning traders can lose more than their initial investment.
• Options: Options buyers face limited risk, making it an appealing choice for conservative traders.

Expiration and Liquidity

• Futures: Have higher liquidity and are generally easier to enter and exit.
• Options: Can have less liquidity, particularly in crypto markets, making them more suitable for specific trading strategies.

Use Cases: When to Use Futures vs. Options

Trading Speculation

Futures are highly suited for short-term speculation, particularly when a trader has strong expectations about the direction of the market. By leveraging positions, traders can make the most of price fluctuations in the crypto market.

Options, on the other hand, are often used for strategies that benefit from volatility. Traders might buy options when they anticipate significant movement in either direction but are uncertain of which way it will go.

Hedging and Risk Management

Options are commonly used as a hedging tool because they provide a means to protect an investment from adverse price movements while only risking the premium. For instance, a crypto investor holding Bitcoin may purchase a put option to limit potential losses.

Futures, while also used for hedging, involve more risk due to their obligatory nature and leverage. They may be preferable for institutional traders or seasoned investors with significant exposure in the crypto market.

Crypto Cities and the Future of Derivative Trading

In emerging "Crypto Cities" like Miami, Singapore, and Dubai, crypto derivatives trading has become more accessible due to regulatory advancements and sophisticated trading infrastructure. These hubs promote financial innovation, supporting platforms that offer both futures and options trading with advanced risk management features. Leveraging tools like quantum ai can enhance trading analysis in these markets, allowing traders to make data-driven decisions and better manage the complexities of futures and options.

FAQ: Futures vs. Options in Crypto Markets

What are the main differences between futures and options in crypto?

Futures require an obligation to buy or sell at a set date, while options provide the right but not the obligation to execute the trade. This distinction gives options more flexibility.

Are futures riskier than options?

Yes, futures are generally riskier due to leverage and the obligation to settle the contract, while options limit the buyer’s risk to the premium paid.

Can I use both futures and options in crypto trading?

Yes, using both allows traders to diversify their strategies, speculating with futures while hedging with options.

Which is better for short-term trading, futures or options?

Futures are often better for short-term speculation due to their high liquidity and leverage.

What is the role of quantum ai in trading futures and options?

Quantum ai assists traders by analyzing vast amounts of data to identify trends and make data-driven trading decisions, helping to navigate the complexities of derivatives.

Do all exchanges offer futures and options trading?

No, only certain exchanges offer both. It’s essential to choose a reputable exchange that supports these derivatives and offers tools for risk management.

How does leverage work in futures trading?

Leverage allows traders to control a larger position with a smaller amount of capital. However, it also increases the potential for losses.

What factors affect options pricing?

Options pricing is influenced by the underlying asset’s price, volatility, time to expiration, and the strike price.

Can options expire worthless?

Yes, if an option is out of the money at expiration, it becomes worthless, and the buyer loses the premium.

Is it possible to hedge with both futures and options?

Yes, futures can be used for directional hedging, while options provide flexibility to hedge against volatility and risk.

Conclusion

In the dynamic landscape of cryptocurrency trading, understanding the differences between futures and options is vital for traders looking to maximize their strategies and manage risk. While futures offer a straightforward, leveraged approach to capitalize on price movements, options provide flexibility and limited risk exposure, making them suitable for cautious investors and complex trading strategies.

By integrating advanced tools like quantum ai into trading strategies, investors can gain insights into market trends and optimize their decision-making process. Whether operating in a traditional market or an emerging Crypto City, being informed about futures and options can enhance trading outcomes and provide a competitive edge in the crypto market.

In a big step for decentralized technology, Deutsche Telekom MMS has partnered with Meta Pool as part of its Enterprise Node Operator (ENO) program, becoming the first telecommunications giant to operate a validator node on the NEAR blockchain. This collaboration not only enhances NEAR’s network security and decentralization but also signals a new era of enterprise-driven blockchain adoption, powered by Meta Pool.

Meta Pool, a leader in liquid staking solutions on NEAR, developed the ENO program to connect established industry leaders with the decentralized ecosystem. By joining this initiative, Deutsche Telekom provides NEAR with enterprise-grade infrastructure that boosts both network reliability and performance. This partnership marks a milestone in Meta Pool’s mission to transform the decentralized ecosystem, elevating NEAR’s technology to new levels of scalability and security through trusted industry partnerships.

About Meta Pool

Meta Pool is a multi-chain liquid staking ecosystem and a DAO with multi-chain governance on NEAR and Ethereum. It offers Vote-to-Earn governance rewards, Liquid Staking Tokens on Ethereum, NEAR, Solana, Aurora, ICP, and Q, and Solana's first restaking aggregator, supporting mpSOL, jitoSOL, bSOL, and SOL. Meta Pool makes liquid staking simple and accessible across multiple blockchains, with plans for further expansion.

A Visionary Collaboration for Decentralized AI and Blockchain Innovation

Meta Pool’s (https://www.metapool.app/) ENO program was designed to bridge traditional and decentralized worlds, creating a robust and resilient network on NEAR through partnerships with industry leaders. By joining this initiative, Deutsche Telekom empowers NEAR with the infrastructure to support decentralized applications at scale, opening doors for new advancements in AI, blockchain scalability, and multi-chain interoperability. With Meta Pool’s ENO program as the foundation, Deutsche Telekom is taking a leap toward reimagining the future of decentralized networks.

"NEAR stands out as an ecosystem that shares our vision of combining blockchain and AI with a decentralized approach that prioritizes data privacy and security," said Oliver Nyderle, Head of Digital Trust & Web3 Infrastructure at Deutsche Telekom MMS. "Together, we’re breaking new ground and building a future that connects these technologies in ways never seen before."

Meta Pool, Deutsche Telekom, and NEAR: Building a User-First, Decentralized Future

In an era where data sovereignty and transparency are paramount, Meta Pool’s ENO program brings companies like Deutsche Telekom into the NEAR network, securing blockchain and AI solutions that empower users. This partnership sets the stage for a privacy-focused, decentralized future, championed by industry leaders committed to the transformative power of blockchain.

“This partnership is a turning point for NEAR, Meta Pool, and our Enterprise Node Operator program,” said Claudio Cossio, Meta Pool’s co-founder. “With Deutsche Telekom’s world-class infrastructure expertise, we’re taking NEAR’s protocol to unprecedented levels of decentralization and resilience.”

NEAR Protocol - A Unique Foundation for Decentralized Innovation

NEAR is a high-performance, environmentally sustainable Layer 1 blockchain built to host decentralized applications for millions of users. Thanks to its unique sharding technology, NEAR enables fast, energy-efficient transactions, making it a “green” alternative within blockchain technology. NEAR aligns with Meta Pool’s mission to advance accessible, eco-friendly blockchain solutions that support a more inclusive digital future.

Through Meta Pool’s ENO program, Deutsche Telekom gains access to cutting-edge blockchain insights, reinforcing its leadership in decentralized AI. This partnership reflects a shared commitment to exploring Web3 possibilities, setting the stage for a more transparent, secure, and innovative digital world.

Japan's Seven & i Holdings is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth US$58 billion

"People with knowledge of the matter" cited in the reports via Nikkei and Bloomberg.

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover attempt by Canadian rival Alimentation Couche-Tard, the news report says.

ING remarks after the wages data from Australia earlier:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)
• Australia - "Wage inflation is moderating as expected"

ING says that year-on-year wage growth slowing to 3.5% is a step in the right direction for the Reserve Bank of Australia (RBA) to consider rate cuts.

However, ING notes this deceleration alone isn’t enough for the RBA to rule out any upside risks to interest rates.

Despite the softer data, ING believes a case for a near-term rate cut remains weak, predicting the earliest possible easing from the RBA could come in the first quarter of 2025.

**

I suspect even Q1 is too early. The RBA next meet on December 9 - 10, where on hold is expected.

There are just a couple to take note of, as highlighted in bold.

They are both for EUR/USD at the 1.0600 and 1.0650 levels. The former in particular will continue to be a notable one, adding another layer to key support at the figure level for the time being. As such, the expiries are likely to once again keep price action locked in until we get to US trading later at least.

As an aside, just be wary of the larger option expiries at the same level of 1.0600 through the week. And on Friday, EUR/USD also has a very large one pinned at 1.0700. So, just be wary of that in case.

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

• German DAX futures -0.2%
• French CAC 40 futures -0.4%
• UK FTSE futures -0.1%

The CAC 40 index is now down to its lowest since mid-August while the DAX is eyeing its October lows of 18,911. This comes with US futures also marked down so far on the day. S&P 500 futures are lower by 0.3% as we look to the session ahead.

• Expects inflation to moderate in France
• Expects French unemployment rate to go up to around 8% before falling back

He is speaking somewhat in his capacity as Bank of France governor here. And the remarks aren't anything that stand out. As things stand, traders have fully priced in a rate cut for December. The odds of a 25 bps move are at ~68% with the remainder tied to a 50 bps rate cut.

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 CPI

CPI Y/Y

• 2.7% (2%)
• 2.6% (56%) - consensus
• 2.5% (28%)
• 2.4% (12%)
• 2.3% (2%)

CPI M/M

• 0.3% (17%)
• 0.2% (73%) - consensus
• 0.1% (10%)

Core CPI Y/Y

• 3.4% (8%)
• 3.3% (81%) - consensus
• 3.2% (11%)

Core CPI M/M

• 0.4% (4%)
• 0.3% (82%) - consensus
• 0.2% (14%)

Analysis

We can ignore the headline CPI as the market will focus on the Core figures. We can notice that we have a pretty strong consensus and not much skew on either side.

Nonetheless, there's been a consistent bid in the US Dollar going into this report with Treasury yields higher and stocks kinda rangebound. The market might have already assigned some premium to a higher than expected print, so there's some risk of a short-term "sell the fact" reaction on a higher than expected number.

It goes without saying that a bigger than expected upside surprise should see the momentum increasing immediately with the US Dollar likely rallying across the board and Treasury yields shooting higher.

On the other hand, a soft print will likely see the US Dollar and Treasury yields falling, although one can argue that it's just going to provide a pullback to go long the US Dollar and short bonds again at even better levels as future conditions will likely see inflation getting stuck above the target or even moving back higher.

WASHINGTON, DC -- A bipartisan coalition of 77 members of the House of Represenatives and eight Senators have joined together to introduce resolutions in Congress opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA) signals members of Congress's opposition to any potential legislation that would impose new performance royalties on broadcast radio stations for music airplay.

WASHINGTON, D.C. -- New National Association of Broadcasters (NAB) President and CEO Curtis LeGeyt shared his vision and outlook for the organization and the broadcasting industry in a virtual town hall for NAB members today. LeGeyt was joined by members of NAB’s policy team for a briefing on legislative and regulatory issues facing broadcasters, as well as an update on the association’s work to support diversity, equity and inclusion (DEI) initiatives in the industry.

Washington, D.C. – Stephen J. Dubner and Dr. Steven Levitt, co-authors of the “Freakonomics” book series and podcast hosts on the Freakonomics Radio Network, will keynote NAB Show’s closing session, “Why the Media & Entertainment Industry Should Think Like a Freak” on Wednesday, April 27 on the NAB Main Stage. NAB Show will be held April 23-27 in Las Vegas, Nev.

Washington, D.C. -- The 2022 NAB Show will explore the ongoing deployment of Next Gen TV in broadcast television markets across the country and how broadcasters are utilizing the cutting-edge transmission standard to develop consumer-friendly features, capitalize on new content opportunities and unlock new revenue streams. Next Gen TV exhibits, demonstrations and sessions will take place throughout NAB Show, held April 23–27 in Las Vegas, Nev.

WASHINGTON, D.C. – National Association of Broadcasters President and CEO Curtis LeGeyt was the featured speaker at The Media Institute’s Communications Forum luncheon today.

Washington, D.C. -- David Field of Audacy and Bob Pittman of iHeartMedia will discuss how they have transformed their business in response to the pandemic and with an eye to the future during a NAB Show session titled “Transforming Radio in the Audio Renaissance,” Monday, April 25, 2022 at 2:00 p.m. in Las Vegas, Nev.

Washington, D.C. – The National Association of Broadcasters Leadership Foundation (NABLF), in partnership with Hearst Television, announced a new fellowship program honoring the legacy of distinguished broadcast professional Emerson Coleman last night at the Celebration of Service to America Awards. Through the Emerson Coleman Fellowship (ECF), NABLF and Hearst Television will work to create a more diverse workforce at every level of the broadcast industry that is representative of the communities served. 

Washington, D.C. – A new three-part Radio Experience at NAB Show New York will feature a special Radio Insights Executive Seminar presented by Bloomberg. Exclusively for NAB members, the limited capacity executive program will take place in New York on October 19 at the Javits Center in the morning and continue in the afternoon at Bloomberg’s headquarters.

NAB Show New York attendees will have the opportunity to interact directly with exhibiting companies about their brands and products through sessions on the Tech Chat Stage, part of a new immersive show floor experience. NAB Show New York returns in-person October 19-20, 2022 at the Javits Center.

Washington, D.C. -- The broadcast television and radio industry would lose $2.1 billion in digital advertising revenue annually, representing 6.3% of the industry’s total advertising revenue, if third-party cookies were eliminated today with no privacy-preserving alternatives, according to a new study released today by Borrell Associates. Borrell Associates President Jim Brown presented the study, commissioned the National Association of Broadcasters' (NAB) innovation wing PILOT, at NAB Show New York.

Washington, D.C. -- NAB Vice President of Government Relations Charlyn Stanberry has been named one of the 2022 Top Lobbyists by the National Institute for Lobbying and Ethics (NILE). The award recognizes 100 honorees from associations, non-profits, firms and corporations that achieved professional success while demonstrating a commitment to giving back to their community.

Washington, D.C. – The National Association of Broadcasters Leadership Foundation (NABLF) today launched The Future Leaders Fund, a new fundraising campaign in support of the foundation’s mission to create a more diverse, innovative and vibrant workforce. NABLF board member and broadcast ambassador Tamron Hall kicked off the campaign with a video message encouraging broadcasters to donate to The Future Leaders Fund this holiday season.

Washington, D.C.— NAB Show will host a new conference, presented by TVNewsCheck, entitled “Programming Everywhere: The Content Event for Linear, Streaming and Syndication” on April 15, 2023, at NAB Show in Las Vegas. The day-long event features panel discussions, programming showcases and networking opportunities.

Washington, D.C.— NAB Show is collaborating with StoryTech to launch three unique attendees tour experiences at the 2023 NAB Show in Las Vegas. The tours explore three central themes: managing data, innovation in virtual production and the evolution of video. Group and individual tours are offered Sunday, April 16 through Tuesday, April 18 at the Las Vegas Convention Center.

Washington, D.C./New York - NAB Show and Future Media Conferences (FMC), producer of Post|Production World (P|PW), are adding three unique and comprehensive training conferences for creative professional at NAB Show, April 15 – 19 in Las Vegas. In addition to the legacy P|PW conference for production and post-production specialists, the 2023 NAB Show will feature:

WASHINGTON, D.C. -- A bipartisan coalition of 117 members of the House of Representatives introduced a resolution in Congress today opposing "any new performance fee, tax, royalty or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA) signals policymakers’ opposition to any potential legislation that would impose new performance fees on broadcast radio stations for music airplay.

WASHINGTON, D.C. -- Broadcaster associations representing all 50 states, Puerto Rico and the District of Columbia have unanimously approved a resolution opposing "any new performance fee, tax, royalty or other charge relating to the public performance of sound recordings" on local broadcast radio stations.

Washington, D.C. -- The 2023 NAB Show will lead a collaborative, immersive and interactive exploration of the transformative impact Web3 and other internet advances are having on the media and entertainment industry on April 15-19 at the Last Vegas Convention Center. Educational programming, hands-on demonstrations, special events, networking sessions and dozens of exhibitors on the show floor will explore the next generation of the internet and its potential to unlock new opportunities in the content lifecycle.

Venerated television news magazine “60 Minutes” will receive the second annual Insight Award from the Library of American Broadcasting Foundation (LABF) during the Welcome Session at the 2023 NAB Show on April 17 in Las Vegas, Nev. The award recognizes the iconic program’s 55-year history of excellence in broadcast journalism.

Washington, D.C. -- NAB Show today announced it will host dedicated sessions on ATSC 3.0 adoption and connected cars at the 2023 event in Las Vegas, April 15 -19. Sessions will cover the growing landscape of ATSC 3.0 and the interaction, immersion and connectivity this technology brings to the media and entertainment industry. Industry experts will also discuss revenue opportunities offered by connected car listening data and how cutting-edge connected car technologies are bridging the gap between artists and radio listeners.

LAS VEGAS, Nev. -- The Opening Session of the 77th NAB Broadcast Engineering and Information Technology (BEIT) Conference began at NAB Show 2023 today, celebrating new advancements in broadcasting technology and services.

Today the National Association of Broadcasters (NAB) launched the Future of Television Initiative, as announced by Federal Communications (FCC) Commission Chairwoman Jessica Rosenworcel. The Future of Television Initiative is a public-private partnership to ensure a smooth transition to ATSC 3.0 for broadcasters, other associated industries and, most importantly, the American public. NAB will establish and lead this effort with industry, government and public interest stakeholders to establish a comprehensive roadmap for an orderly and expeditious transition to this exciting new viewer experience.

WASHINGTON, D.C. – In response to the announcement that Ford Motor Company has reconsidered removing AM radio from future vehicles in the U.S. and will now include the technology in their newer model cars, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – Today, National Association of Broadcasters member J Chapman, president of Woof Boom Radio, testified at a hearing held by the House Energy and Commerce Subcommittee on Communications and Technology titled "Listen Here: Why Americans Value AM Radio." The following statement can be attributed to NAB President and CEO Curtis LeGeyt:

WASHINGTON, D.C. – Broadcasters from around the country will gather in Washington, D.C. on June 13-14 for a two-day event focused on two important issues affecting the future of radio and television broadcasting. Hosted by the National Association of Broadcasters (NAB) and the National Alliance of State Broadcasters Associations (NASBA), the conference will focus on broadcasters' response to certain automakers removing AM radio from their newer model vehicles and a regulatory proceeding examining carriage of broadcast television programming on streaming platforms.

WASHINGTON, D.C. -- ShootingStar Broadcasting President and CEO Diane Sutter will receive the 2023 National Radio Award from the National Association of Broadcasters (NAB). The award will be presented at NAB Show New York during the 2023 Marconi Radio Awards Dinner on October 25.