The family of moisture meters from General Tools & Instruments features a variety of precision specialty instruments that are affordable, versatile and high-tech.

The Crew Chief is the center of the Prochem restoration product line. The built in advanced power management can balance the equipment which optimizes the job site drying conditions.

Munters’s new psychrometric calculation tool, PsychroApp, easily calculates the thermodynamic properties of air from an iPhone or iPod Touch.

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

For 65 years, Milnor has delivered outstanding results to a variety of applications, including soft contents restoration processing facilities.

Meyer’s Zephyr duct cleaning vacuum features a 31-hp engine, which powers both its custom-engineered fan and KleanSweeper compressor to help eliminate potential problems and maintenance on a second engine, while saving weight and space.

EagleView Technologies, the leader in 3D aerial roof measurements, offers a mobile app optimized for your iPad or Tablet.

The new ZipDoor kit is a great way to create a dust barrier when all you need to seal is the doorway.

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 new Velo™ and Velo Pro airmovers deliver that and more: unbeatable versatility, easy maintenance and maximum airflow, all in a design that requires half the amps and measures half the height of traditional “snail shell” carpet dryers.

When it comes to management software for restoration contractors, DASH beats every competitor hands down!

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

Protimeter has released the Digital Mini, a pin type moisture meter with color LED indication and a large digital display.

11/18/2024 - 6:00 PM - Venue: Chaos Games and More

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

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

11/17/2024 - 4:45 PM - Venue: Chaos Games and More

11/17/2024 - 3:00 PM - Venue: Chaos Games and More

11/17/2024 - 10:00 AM - Venue: SteamPlant Event Center

11/16/2024 - 10:00 AM - Venue: Chaos Games and More

FPSA foundation also supported food-insecure communities through the DEFEAT HUNGER initiative.

In 2011, Congress passed the Food Safety Modernization Act (FSMA), which mandates a shift in approach to food safety from reaction to prevention.

Today's consumers are much more likely to focus on changing their snacking habits in order to achieve weight loss success.

In May 2014, the American Frozen Food Institute (AFFI), McLean, Va., launched a national effort to encourage consumers to take a fresh look at frozen foods.

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

Companies selling dairy products in Oregon must understand whether they have obligations under the EPR law.

FSX 2025 is designed as a platform for knowledge-sharing, professional growth, and collaboration among key stakeholders in the food industry.

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

Japan's former vice minister of finance for international affairs, Masato Kanda was reported with comments on Wednesday ICYMI.

• currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries
• "There is no change to our stance that we will need to respond appropriately to excess movements on the currency market as excessive foreign exchange volatility is undesirable"

His comments have not slowed the yen decline:

***

Kanda is now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry., said in an interview that currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries.

Chinese media, Global Times, citing a state media report (CCTV):

• China’s annual production of new energy vehicles surpassed 10 million units on Thursday, info via China Association of Automobile Manufacturers.
• the first country to reach this milestone globally
• output for the whole year is expected to reach 12 million

The US and EU have quickly built walls (tariffs and other imposts) to protect domestic vehicle producers. This is not usually a recipe for thriving industry.

• New York Fed's Williams speaking Thursday - Kugler, Barkin also (Powell too!)
• Australian jobs report recap - "remains in relatively solid health"
• Bank of England Monetary Policy Committee member Mann is speaking again on Thursday
• People's Bank of China has more work to do to support the yuan
• European Central Bank President Lagarde and VP de Guindos speaking Thursday, Schnabel too
• Federal Reserve Chair Powell is speaking on Thursday
• GBP traders heads up - Bank of England Governor Bailey is speaking late Thursday
• China’s annual production of new energy vehicles surpassed 10 million units on Thursday
• PBOC sets USD/ CNY reference rate for today at 7.1966 (vs. estimate at 7.2326)
• ICYMI: Ex-Mr Yen Kanda said Japan will act appropriately against excess FX movements
• AUD/USD little changed after the October employment report showed a steady jobless rate
• Australian October unemployment rate 4.1% (vs. 4.1% expected)
• UBS maintain a US$2900 target for gold
• RBA Bullock says rates are restrictive enough, staying there until confident on inflation
• USD/JPY above 155 - Citi wary of intervention risk
• Investment bank bullish on Fed rate cuts; inflation concerns linger
• Oil - private survey of inventory shows headline crude oil draw vs build expected
• New Zealand data - FPI -0.9% in October (prior +0.5%)
• Forexlive Americas FX news wrap 13 Nov: US CPI comes out as expected. USD continues rise
• Trade ideas thread - Thursday, 14 November, insightful charts, technical analysis, ideas

The continuing US dollar uptrend … continued.

USD/JPY traded, above 156.00, to a high not seen since July. EUR/USD, meanwhile, dropped under 1.0550 to a low not seen in a year. AUD, NZD, GBP, CHF, CAD, yuan all moved lower. As did hapless gold. BTC/USD dropped back from above US$93.5K, but this thing is a beast, it gets a free pass ;-) .

On the data front the release of note was Australia’s job report for October. Job growth slowed down and the unemployment report steadied at 4.1%. It was a solid report without being spectacular. Slowing wage growth (data released yesterday) and a steady job market leaves the Reserve Bank of Australia to focus on bringing inflation down. RBA Governor Bullock spoke during the session. Bullock was not dovish, signalling that rates are restrictive enough but will not be coming down imminently.

The People’s Bank of China once again set the USD/CNY reference rate weaker (stronger for CNY) than estimates indicated.

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.

The dollar continues to push higher in the post-election period and in the case of USD/JPY, that momentum is helped by higher yields as well. The pair has been on a tear since October trading, racing up from 143.00 all the way to touching 156.00 earlier today. The break above 155.00 yesterday is a crucial one, signifying another breach of a key technical/psychological level.

When it comes to USD/JPY, there's always something about big figure levels. And this is arguably no exception.

With buyers clearing the key daily moving averages and 150.00 mark last month, the focus has been drawn on the 155.00 mark since. And inevitably with Trump winning the election, we've finally gotten there today.

And having done so, we're into a bit of a pocket of space with little to no technical resistance all the way to 160.00 potentially.

It doesn't mean we'll get there overnight but it does present an attractive level for buyers to take aim at. Nonetheless, the pace of any further gains will of course be another thing to be mindful of though.

That might invite scrutiny from Japan officials to verbally intervene. As for any real intervention threat, it's going to be tough to fight the underlying market momentum in play currently. So, I wouldn't imagine Tokyo trying that out - at least for the time being.

The bond market is once again going to be a key driver to be mindful of when it comes to USD/JPY. But for now, the overall dollar bullishness is also helping to underpin the pair rather strongly. That especially when the greenback is starting to creep up on some key technical levels in the bigger picture, as seen here with EUR/USD.

The European session is going to be once again a bit empty on the data front with just a couple of low tier data points. We get the 2nd estimate of the Eurozone Q3 GDP and the ECB Meeting Minutes. Both of them are old news and the market won't care much about it.

In the American session, the focus will be on the US PPI and Jobless Claims data. Yesterday's US CPI came in line with expectations and after a bit of a "sell the fact" reaction in the US Dollar, the market started to bid it again.

The CPI wasn't the main culprit though as the momentum got triggered by Fed's Logan comment saying "models show that Fed funds could be very close to neutral" potentially implying a lot more cautious approach on rate cuts in 2025.

13:30 GMT/08:30 ET - US October PPI

The US PPI Y/Y is expected at 2.3% vs. 1.8% prior, while the M/M measure is seen at 0.2% vs. 0.0% prior. The Core PPI Y/Y is expected at 3.0% vs. 2.8% prior, while the M/M figure is seen at 0.3% vs. 0.2% prior.

This report will be seen in light of the US CPI data yesterday as it will give us a better estimate of the US Core PCE due at the end of the month. An upside surprise might trigger some more US Dollar gains as the market could price out some more the rate cuts expected in 2025, but the December cut remains pretty much assured.

13:30 GMT/08:30 ET - US Jobless Claims

The US Jobless Claims continues to be one of the most important releases to follow every week as it’s a timelier indicator on the state of the labour market.

Initial Claims remain inside the 200K-260K range created since 2022, while Continuing Claims after an improvement in the last two months, spiked to the cycle highs in the last couple of weeks due to distortions coming from hurricanes and strikes.

This week Initial Claims are expected at 223K vs. 221K prior, while Continuing Claims are seen at 1880K vs. 1852K prior.

Central bank speakers:

• 08:30 GMT - ECB's de Guindos (dove - voter)
• 13:00 GMT/08:00 - BoE's Mann (hawk - voter)
• 14:00 GMT/09:00 ET - Fed's Barkin (neutral - voter)
• 15:00 GMT/10:00 ET - Fed's Kugler (dove - voter)
• 18:30 GMT/13:30 ET - ECB's Schnabel (hawk - voter)
• 19:00 GMT/14:00 ET - ECB's Lagarde (neutral - voter)
• 20:00 GMT/15:00 ET - Fed Chair Powell (neutral - voter)
• 21:15 GMT/16:15 ET - Fed's Williams (neutral - voter)

• 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.

Fundamental Overview

The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar.

The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically implying a lot more cautious approach on rate cuts in 2025.

The market is viewing all of this in light of the recent US election as Trump’s policies are likely to spur growth and potentially keep inflation above target for longer, making the Fed’s job of bringing inflation back to target a bit harder.

USDJPY Technical Analysis – Daily Timeframe

On the daily chart, we can see that USDJPY finally extended the rally into new highs helped by a hawkish comment from Fed’s Logan. There’s no strong technical resistance now at least until the 160.00 handle.

If we get a pullback, the buyers will likely lean on the trendline with a defined risk below it to position for a rally into the 160.00 handle. The sellers, on the other hand, will want to see the price breaking lower to start targeting a drop back into the 152.00 support.

USDJPY Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have a minor upward trendline defining the current bullish momentum. If we get a pullback, the buyers will likely lean on it to position for new highs, while the sellers will look for a break lower to target a break below the major trendline.

USDJPY Technical Analysis – 1 hour Timeframe

On the 1 hour chart, there’s not much else we can add as from a risk management perspective, the buyers will have a better setup around the trendline, while the sellers are better to wait for a technical break lower instead of trying to catch the top. The red lines define the average daily range for today.

Upcoming Catalysts

Today we have the US PPI and the US Jobless Claims figures. Tomorrow, we conclude the week with the US Retail Sales data.

See the video below

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.

Fundamental Overview

The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar.

The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically implying a lot more cautious approach on rate cuts in 2025.

The market is viewing all of this in light of the recent US election as Trump’s policies are likely to spur growth and potentially keep inflation above target for longer, making the Fed’s job of bringing inflation back to target a bit harder.

AUDUSD Technical Analysis – Daily Timeframe

On the daily chart, we can see that AUDUSD broke through the recent low around the 0.6537 level and extended the drop into the 0.6460 level as the US Dollar restarted its run on stronger US data. The natural target should be around the 0.6362 level.

From a risk management perspective, the sellers will have a better risk to reward setup around the trendline. The buyers, on the other hand, will want to see the price breaking higher to start targeting a rally into the top of the yearly range around the 0.69 handle.

AUDUSD Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have another minor downward trendline defining the current bearish momentum. If we were to get a pullback, the sellers will likely lean on the trendline with a defined risk above it to position for a drop into new lows. The buyers, on the other hand, will want to see the price breaking higher to start targeting a bigger pullback into the major trendline.

AUDUSD Technical Analysis – 1 hour Timeframe

On the 1 hour chart, there’s not much more we can add although we can see that we have a minor resistance zone around the 0.65 handle. If the price gets there, we can expect the sellers to pile in for move lower, while the buyers will look for a break higher. The red lines define the average daily range for today.

Upcoming Catalysts

Today we have the US PPI and the US Jobless Claims figures. Tomorrow, we conclude the week with the US Retail Sales data.

• Prior +0.3%
• GDP +0.9% vs +0.9% y/y second estimate
• Prior +0.6%

No changes to the initial estimates as this just reaffirms more modest growth in the euro area in Q3. But this is old news, as the focus is on the outlook next year with Trump tariffs set to come into the picture.

• 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.

• Fed will 'most likely' need more cuts but should 'proceed cautiously'
• If Fed cuts too far past neutral, inflation could re-acclerate
• Difficult to know how many Fed rate cuts may be needed, and how soon they need to happen
• Fed has made a great deal of progress in bringing inflation down
• Fed not quite back to price stability yet
• US economic activity is resilient
• Labor market cooling gradually but not weakening materially
• Sees upside risk to inflation, downside risk to employment, says financial conditions may pose biggest challenges for monetary policy
• If bond yields continue to rise, the Fed may need less-restrictive policy

Logan last spoke in late October and wasn't quite this hawkish. I think the Fed cuts in December but takes a pause after that and waits to see how things play out.