pr

Packaging’s Critical Role in the Proliferation and Appeal of Private Label Products

In this insightful article, Beth Zipko of Source Wurx makes the case that no element of private label products has improved more rapidly and dramatically than packaging, which has evolved from eyeroll-inducing to eye-catching. 




pr

Skipping the Label: High-Speed, Direct-to-Packaging Printing Comes of Age

MCS Inc. President David Loos says high-speed inkjet printers eliminate the need for adhesive labels by printing tracking codes, special offers and other promotional messages directly on secondary packaging.




pr

Vanguard Announces Partnership with American Print Consultants

Owned and operated by seasoned industry experts, APC boasts one of the largest teams of knowledgeable employees and support technicians of any graphics equipment distributor in the Northeast, Carolinas, Mid-Atlantic and Midwest.




pr

Videojet Expands Case and Carton Coding with New Printer Capabilities

Videojet 2380 large character marking system now employs up to four printheads to print on multiple sides of cases and cartons.




pr

Languages and Interpreters in Early Virginia Indian Society

Early Virginia Indians spoke dialects of Algic, Iroquoian, or Siouan, three large linguistic families that include many of the more than eight hundred indigenous languages in North America. Among Virginia's Algic-speakers were the Powhatan Indians, who lived in the Tidewater and encountered the Jamestown settlers in 1607. Little is known of their language—a form of Algic known as Virginia Algonquian—although Captain John Smith and William Strachey both composed influential vocabulary lists. The Nottoways and the Meherrins lived south of the James near the fall line and spoke Iroquoian. Although the Meherrin language was never recorded, it has been identified as Iroquoian based on geography. In 1820, John Wood interviewed the elderly Nottoway "queen" Edie Turner and created a word list that eventually was recognized as Iroquoian. Virginia's Siouan-speakers, meanwhile, largely lived west of the fall line and included the Monacans, the Mannahoacs, and the Saponis. Many Virginia Indians, encouraged by the requirements of trade, diplomacy, and warfare, spoke multiple languages, and when the English arrived, they and the Powhatans eagerly exchanged boys to learn each other's language and serve as interpreters. By the twentieth century, most if not all Virginia Indian languages had become extinct, meaning that no native speakers survived. In 2005, the Terrence Malick film The New World presented a form of Algonquian based on the Smith and Strachey lists and the work of the linguist Blair Rudes.
Thu, 29 Oct 2020 18:20:19 EST




pr

Members of the United States House of Representatives from Virginia

Members of the United States House of Representatives are listed here in alphabetical order. Each entry includes life dates if known, a member's area of residence when first elected, period of service, and party affiliation when known. Before 1795 and again from the 1810s into the 1830s there were no well-organized political parties or parties were in flux, and for those time periods no affiliation is listed. Between 1795 and the 1810s most members are identified as Federalists or as Democratic-Republicans. The eight men who were elected to the House of Representatives in 1865 but not seated are also included in this list. John Mercer Langston, elected in 1890, was the first African American elected to Congress from Virginia. Leslie Larkin Byrne, elected in 1992, was the first woman elected to Congress from Virginia.
Mon, 04 Jan 2021 09:26:01 EST




pr

Building a Winning Team: The Volunteer Blueprint

Building a Winning Team: The Volunteer Blueprint jhammond@desti… Tue, 07/02/2024 - 17:59

Image

Volunteers play a vital role in the tourism industry. Understanding successful strategies from global destinations can help your destination organization build sustainable volunteer cultures that enrich community engagement and event success, fostering positive change in tourism and beyond. 

5 min read

In the dynamic tourism industry, the heartbeat of success often resonates from the dedication and passion of volunteers, who embody the spirit of community and service. Their commitment transforms events into unforgettable experiences, fostering engagement and a sense of community spirit. Yet, cultivating a sustainable volunteer culture poses challenges for destination organizations. This blog explores best practices in volunteer workforce development by drawing insights from global destinations that illustrate effective strategies in communication, recruitment, retention, and appreciation, all while aiming to enhance long-term success and sustainability. 

Building a Sustainable Volunteer Culture

Effective communication is a cornerstone in volunteer workforce development, ensuring volunteers feel informed, valued, and connected to the organization's mission. In Malmö, Sweden, the kick-off event at Baltiska Hallen for the Eurovision Song Contest rehearsals exemplified this by inspiring 400 volunteers through communication pieces demonstrating the transformative power of cultural events for their community. This information allows volunteers to understand their importance in fostering community engagement and volunteerism. 

Destination Tips: Utilize communication pieces to highlight the organization's mission and volunteers' impact. Ensure the volunteers have a voice by providing surveys for feedback so that next year, the event can be enhanced. Clear and consistent communication can make volunteers feel more connected and appreciated, improving their engagement and commitment to the community.  

When building a volunteer culture, the Florida Sports Foundation highlights the importance of apprising, acclimating, and assigning volunteers according to their aptitude. They provide comprehensive information about their various events to ensure volunteers feel informed and confident. Regular meetings are held to help volunteers become comfortable with the staff and foster a sense of belonging, making them feel valued and more likely to return. The Florida Sports Foundation matches volunteers to roles that suit their skills and interests, enhancing their experience and effectiveness. By investing in these strategies, the Florida Sports Foundation ensures volunteers feel connected, appreciated, and integral to the event’s success.  

Destination Tips: Assigning posts where the volunteer feels they can excel in their skillset will make them feel confident in their abilities. Having procedures where the organization's staff can understand and get to know their volunteer base will showcase their commitment to valuing their volunteers and better assist in assigning posts. Personalizing training approaches will allow volunteers to feel prepared and connected to the organization's mission, enhancing their confidence and comfort and building a sustainable volunteer culture. 

The 2023 UCI Cycling World Championships in Glasgow and across Scotland offer an exemplary model of effective communication and volunteer engagement. This inaugural event brought together thirteen individual UCI Cycling World Championships, relying on 3,500 volunteers. The Volunteer Strategy employed for the Championships recognized volunteers' vital role and incorporated key learnings from previous events. A Volunteer Learning Portal provided access to various training programs, including an Equality, Diversity, and Inclusion module, which allowed volunteers to enhance their skills and understanding. Event Delivery Partners (EDPs) further supported inclusivity by briefing volunteers on inclusion and accessibility and offering specialized training sessions, such as Mental Health Awareness and Deaf Awareness.


Enhancing Recruitment and Retention

Personalized recruitment strategies tailored to individual interests and skills effectively attract and retain diverse volunteers. Destination Markham works diligently in community outreach strategies by forging partnerships with local educational institutions, businesses, and community groups, thus cultivating a robust volunteer network. Emphasizing the professional and personal development opportunities associated with volunteering fosters long-term engagement. A mentorship program and social events outside the volunteer event cultivate a sense of belonging and camaraderie among volunteers, contributing to overall satisfaction and retention.  

Destination Tips: Personalized recruitment efforts, such as targeted marketing campaigns showcasing the impact of volunteer work through videos and testimonials of past volunteers, can attract a broader demographic. Creating social media campaigns with specific hashtags can help recruit volunteers by reaching them based on their interests, ensuring a steady influx of passionate volunteers. 

Celebrating Volunteer Contributions

Recognition and appreciation are fundamental in sustaining a robust volunteer base. Initiatives such as Volunteer Appreciation Weeks and special events publicly acknowledge volunteers' contributions, reinforcing their value to the organization and the broader community. The Mat-Su Convention and Visitors Bureau, which hosted the 2024 Arctic Winter Games, recruited and trained 2,000 volunteers over two years. The destination organization ensured these dedicated individuals were celebrated for their vital roles in the event's success, thus boosting morale and inspiring continued engagement. Visit Indy's approach emphasizes treating volunteers as valued team members. Comprehensive volunteer experiences include providing uniforms, materials, and even fanny packs as part of the volunteer uniform, ensuring that volunteers are well-prepared, valued and feel a part of the organization.  

Destination Tips: Recognizing the importance of appreciation, such as hosting thank-you events throughout the local community and volunteer appreciation posts across social media, ultimately improves the volunteer experience. Anything an organization can do to boost morale will reinforce the volunteers' commitment. Even a small personalized thank-you note will enhance the volunteer culture.   

Embracing Diversity and Inclusion

At its core, workforce development through volunteerism thrives on inclusivity. Organizations enrich their volunteer programs by embracing diversity in backgrounds, perspectives, and abilities, fostering innovation and resilience. Snohomish County Sports Commission exemplifies this through its integrated approach to volunteerism. By leveraging strong ties with local schools, businesses, and community organizations, they offer accessible volunteer roles and ensure equitable opportunities, empowering individuals from all walks of life to contribute meaningfully to sporting events and community initiatives. Creating flexible and diverse volunteer opportunities that cater to different preferences and availability is essential for maintaining engagement. This can include short-term and long-term volunteer projects, accommodating volunteers' schedules, and creating roles catering to various interests and skills. The inclusivity efforts at the 2023 UCI Cycling World Championships showcased this. Volunteers from 73 nationalities and ages 16 to 82 further highlighted the event's commitment to inclusivity. 

Destination organizations can build robust volunteer programs that drive workforce development and enrich community life by implementing inclusive practices, celebrating contributions, and nurturing meaningful connections. Ensuring that your organization has effective communication in conveying volunteer impact along with the organization's mission will be essential in developing the workforce development for volunteers. Volunteers' need for personal and professional growth and social integration should be considered when designing volunteer programs. Volunteers' unwavering dedication to their community ensures events are transformative experiences that unite and inspire the community. As we look ahead, let us continue championing volunteerism as a powerful force for positive change in tourism and beyond. 

About the Author

Peyton Glover

Membership Engagement Coordinator
Destinations International

Born and raised in Nashville, Tennessee, Peyton Glover has cultivated a robust background in destination marketing and sports marketing since earning his bachelor’s degree from Middle Tennessee State University. Peyton is the Membership Engagement Coordinator, leading initiatives to enhance workforce development and community engagement. With a keen interest in sustainable travel and community enrichment, Peyton is dedicated to leveraging his skills and experience to foster impactful connections within the tourism and sports marketing sectors. 

chevron_right More from this Author

Submit Your Thought Leadership

Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI.

Submit to DI

Show Header?
On




pr

Cultivating Our Future: Student Shadow Program Fuels Industry Interest

Cultivating Our Future: Student Shadow Program Fuels Industry Interest jhammond@desti… Tue, 07/30/2024 - 18:28

Image

Despite the workforce development obstacles we face, the tourism industry offers countless professional opportunities for future generations. Destination organizations can work with local community partners to create meaningful engagement with underrepresented youth, increase industry awareness, and foster inclusion.  

This article highlights the experiences of three high school students with the NAACP Hillsborough County Chapter who shadowed industry professionals at Destinations International’s 2024 Annual Convention in Tampa. It serves as inspiration for destinations to embrace similar initiatives to drive workforce development and diversification.  

7 min read

For so many of us in the tourism industry, the question “how did you get started” is often followed by a smile, a laugh, and a realization that it happened unintentionally. While some may have formally studied hospitality, most industry professionals find themselves in destination organizations through traditional channels like hotels or convention centers. Despite where we began or where our paths have led us, we share a deep passion for our work. Last week at Destinations International’s 2024 Annual Convention in Tampa, it was hard not to hear the words “I love this industry!” passing from person to person, like the catchy chorus to a chart-topping summer hit.

Yet, we realize talent attraction and retention are two enormous challenges our industry faces. A recent study on emerging leaders published by FiredUp! Culture and SearchWide Global found that 48% of 358 30 Under 30 honorees no longer work for a destination organization. Of those still employed by destination organizations, 27% indicate they will not be working for their organizations in three years’ time. Meanwhile, Destinations International’s 2023 Social Inclusion Study on Destination Organizations found that while 73% of over 450 employees want to see more diversity in their organizations, the reality is from it.  

It’s no surprise then, that eight sessions at Destinations International’s 2024 Annual Convention addressed challenges and insights surrounding workforce development and diversification. These conversations served as a springboard to educate and inspire the nearly 2,000 industry leaders in attendance. From talent development to upward mobility, to pay equity and beyond, opportunities are abundant. And while much of this work will be long-term, creative solutions may be closer to home – and easier to implement - than we think. 

Community Partnerships Build Career Paths

Destinations International’s Social Inclusion framework encourages destinations to engage with their communities. By fostering trust and working together to eliminate barriers to inclusion, destination organizations and their stakeholders can create thriving and welcoming environments that lead to economic growth. Through this lens, talent attraction and retention can be addressed by engaging with our communities. When destinations establish a trusted presence, they can highlight the importance of this industry and create career pathways for residents of all backgrounds and abilities.  

The 2024 Annual Convention served as a tangible and inspiring opportunity for Visit Tampa Bay (VTB) and the NAACP Hillsborough County Chapter. Through an existing strong relationship, VTB’s Chief Operating Officer, JoLynn Lokey and Hillsborough County Chapter President, Yvette Lewis connected with DI’s Sophia Hyder Hock to explore arrangements during the July event. Lewis welcomed the idea of bringing three high school students onsite, providing them with the opportunity to gain exposure to the industry.  

She appointed three rising seniors, Malachi Brown, Kaejah Evans, and Taleah Scott, to attend the Annual Convention. Each student was given a curated schedule based on their interests to shadow industry leaders, attend educational sessions, and expand their professional network. In two jam-packed days, Malachi, Kaejah, and Taleah explored the breadth of our industry, through marketing and creative lenses, event management, and technology. Their experiences were overwhelmingly positive: the students realized that tourism offers promising, professional career paths and above all is a welcoming, inclusive sector.  

In Their Own Words

Malachi Brown, Middleton High School 

"To start I just wanted to say thank you for even thinking about exposing high school students to this industry, it was not on my radar at all but now I can seriously see a future in this space. My first thought about the travel and tourism industry was a whole bunch of timeshares and hotel managers. Being at Destinations International showed me that there is an entire ecosystem of business that is behind the scenes. Whatever internship, schooling, or even career I will pursue can be translated to the travel and tourism industry, from sales, marketing, data analytics, and more can all be done here and that has truly inspired me. The main highlights were interacting with so many people that were genuinely interested in making sure I was welcomed and comfortable. Connecting with all these amazing professionals not only expanded my network but expanded my horizons by learning and listening to everyone’s insights. Special shout out to the team at Soliman Productions and Paradise Advertising & Marketing for letting a brother tag along for a couple of days.”  - Malachi Brown

Kaejah Evans, Blake High School 

"Destinations International’s Annual Convention was one of the best experiences I could’ve been a part of. I’m truly grateful to have been a part of the convention and met such amazing people from such diverse backgrounds. Before attending the convention, I had a very small amount of information and interest in the world of travel and tourism. After meeting so many people that are a part of this company showed me an even bigger and more in-depth understanding of how great working in this level of hospitality can benefit someone. I’ve learned about some programs and have been introduced to several internships that I’d enjoy taking part in once I graduate.” - Kaejah Evans

Taleah Scott, Sumner High School 

"I truly enjoyed my time interacting with people who are passionate about their careers. The main highlight of my time at Destination International's Convention was attending the breakout sessions of my interest. Not only did it make me feel in control of the steps I'm taking toward my future, but it also exposed me to different aspects of the travel and tourism industry. I originally had no connection to the field, so I wasn't sure what to expect. To my surprise, the travel and tourism industry makes great efforts to follow sustainable practices and be mindful of the communities they're affecting. They also created a space to discuss products that improve accessibility for some users. This made me feel more connected to the experience because it showcased purpose in the work being done here. Another highlight was getting to see people in their element. The travel and tourism industry has so many wonderful facets and the people exude a passion for their positions I haven't seen in most places of work. This experience taught me you can work hard and enjoy life. Not a single person I encountered seemed unhappy to be there. This inspired me to take charge and work hard now so I can set myself up for my future. I plan to get more acquainted with networking (as was suggested by one of the amazing women I was shadowing) so I can pursue a career in cybersecurity. I also now have an interest in taking part in internships to improve my academic and experiential arsenal.” - Taleah Scott

A Promising Path Forward

The experiences of Malachi, Kaejah, and Taleah underscore a crucial truth: our industry shines when we invest in the next generation and pursue a sense of belonging. By engaging local students and providing them with hands-on industry exposure, we can inspire and cultivate future tourism professionals. In turn, we can make strides in overcoming talent attraction and retention obstacles.

The 2024 DI Annual Convention shadow experience is just the beginning for Visit Tampa Bay and the NAACP Hillsborough County Chapter. Together, these organizations will continue to collaborate and provide students with education and mentorship. Their partnership reinforces the importance of building strong relationships between destination organizations and their communities.  

This shadowing initiative sets a powerful example for other destination organizations to follow. We encourage all industry leaders to consider how they can implement similar programs in their own communities. Start by reaching out to local schools, organizations, or industry partners to explore collaborative opportunities. Share your successes and learn from others. Together, we can break down barriers, enhance educational opportunities, and mentor young talent. Together, we can build a resilient, innovative, and inclusive industry that thrives on the collective strength of its people.

As we reflect on the success of this first shadow program, let us be reminded of the words that echoed throughout the 2024 DI Annual Convention: “I love this industry.” It is through our passion and commitment to inclusion that we will shape a bright future for the tourism industry and the communities we serve. 

About the Author

Ava Wells

Social Inclusion Manager
Destinations International

Ava Wells is the Social Inclusion Manager at Destinations International, working under the guidance of Chief Inclusion Officer, Sophia Hyder Hock. In this role, Ava spearheads the development and implementation of strategies that further the organization’s social inclusion goals. She expertly manages programs and fosters stakeholder engagement to enhance DI’s impact in this vital area.

With a rich background spanning over a decade in member and partner engagement, Ava possesses deep expertise in harnessing insights and building robust relationships to drive strategic transformations. Her experience includes seven years in the tech sector, where she focused on advancing workplace inclusion, equity, diversity, and enhancing employee engagement initiatives.

Ava’s professional journey began in the travel and tourism industry, where she spent three enriching years at the Nashville Convention & Visitors Corporation. She is excited about her return to this dynamic field, particularly driven by her passion for regenerative tourism, cultural vitality, and generating positive community impact.

A champion of collaboration and innovation, Ava values curiosity and the power of connection. Originally from Boston, she has embraced life in Montreal since 2018 with her Canadian spouse. In her leisure time, Ava enjoys cooking, running, and reading. She speaks French and maintains an active and travel-filled lifestyle. 

chevron_right More from this Author

Submit Your Thought Leadership

Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI.

Submit to DI

Show Header?
On




pr

From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation

From Campus to Career: The Critical Importance of Experiential Learning in Workforce Preparation jhammond@desti… Tue, 09/24/2024 - 16:52

Image

From the lens of a student, workforce development in tourism relies on mentorship, internships, and real-world experiences. Engaging students early through meaningful industry connections prepares them to contribute actively, building confidence and shaping the future of the travel and tourism workforce.

4 min read

Industry Events Spark Career Vision for Students

Attending Destinations International’s Annual Convention for the first time in Tampa, Florida earlier this summer was both exciting and, to be honest, a bit intimidating. As a student stepping into a room filled with industry leaders and professionals, I couldn’t help but feel a sense of awe, and nerves. These were individuals who had already solidified their careers, shaping the future of destinations and tourism, while I was just beginning to imagine where my path might lead.

Despite the initial butterflies, the more I interacted with these professionals, the more I realized they weren’t just leaders in the industry - they were also mentors and advocates for the next generation. They were eager to share insights, listen to fresh perspectives, and offer advice. Days after the convention ended, I found myself reflecting on those conversations, replaying sessions in my mind, and seeing my future more clearly than ever.

As the days passed, I felt a bittersweet sense of closure because while the convention was over, I had a newfound excitement for what was to come. I kept thinking about my potential career, revisiting the ideas and discussions I’d experienced. These interactions shifted my mindset - I no longer felt like just a student. Watching the next class of 30 under 30, I could imagine myself on that stage one day, contributing to the industry. This realization boosted my confidence and solidified my commitment to pursuing a meaningful role in tourism.


Experience Enables Students to Shape and Commit to the Industry's Future

My experience at the Annual Convention was just one chapter in my broader journey with Destinations International. As a Professional Development intern, I’ve been involved in developing certificate programs, attending meetings with industry leaders, and contributing to event planning and content creation. These hands-on experiences have connected my course work to the real world, making my learning more authentic and relevant.

As I partake in this work, I am gaining confidence, not just in my current role, but also in how my skills align with the future of the industry. As more students like me combine work with academic study, we begin to understand how our contributions can drive industry trends, innovations, and solutions. This balanced approach of connecting practical experience with academics produces well-rounded professionals who are ready to enter the field and also to shape its future.

The travel and tourism industry thrives on adaptability and fresh ideas. Engaging students early ensures the next generation is prepared to embrace changes and push the industry forward. Internships and immersive learning are essential in developing professionals who are confident in their ability to lead in a rapidly evolving industry.


A Student’s Insights on Building the Next-Generation Workforce

From my perspective, building the future workforce is more than just filling roles - it’s about creating opportunities that allow students to fully involve themselves in the industry. DMOs and other industry leaders should focus on establishing personal connections through internships, shadowing, and professional development programs. These experiences create a sense of belonging and purpose, showing students how our work is actually valued. Workforce development isn’t just a marketing campaign - it’s about creating genuine, lasting relationships that inspire growth and passion.

Mentorship is a crucial element in building a successful workforce. Passing on knowledge is important, but sharing enthusiasm for the industry is just as impactful. When mentors invest in students, they don’t just develop our skills - they also create a sense of pride and purpose in our work. Simple engagements, like inviting students to industry events or allowing them to shadow professionals, can make a significant impact. These moments of inclusion provide insight into the industry and help us build connections with professionals who can guide and inspire us.

All in all, creating an environment where students feel valued and invested in is key to shaping the workforce of the future. Both students and industry professionals must be committed to this process. When students feel respected as contributors, we become more confident and motivated to shape our paths within the industry. The more engaged we are, the more we envision ourselves as future leaders, driving the travel and tourism landscape for years to come.

As we work toward building the next generation of tourism professionals, I encourage destination leaders to consider how they can actively support their growth. One impactful way is by sponsoring local students to take part in Destinations International’s upcoming Business Intelligence Certificate program. With courses in Sales, Services, and Marketing and Communications, this program will provide emerging professionals with key skills in business events, such as decision-making, risk mitigation, and strategic planning. By investing in future leaders now with opportunities in professional development, such as the Business Intelligence Certificate, you’re ensuring they have the necessary tools to contribute to this growing and thriving industry.

About the Author

Payten Slack

Professional Development Intern
Destinations International

Payten Slack is a first-generation college student from Orlando, Florida, and a junior at NYU’s School of Professional Studies, majoring in Hospitality, Travel, and Tourism Management with a concentration in Travel and Tourism Development. She is an active member of her school’s community and puts an emphasis on ensuring students are being well-represented on a university-wide level. Payten has gained hands-on experience through her role as a Professional Development intern at Destinations International and is committed to merging academic knowledge with real-world applications to better prepare the future workforce.

chevron_right More from this Author

Submit Your Thought Leadership

Share your thought leadership with the Destinations International team! Learn how to submit a case study, blog or other piece of content to DI.

Submit to DI

Show Header?
On




pr

Motivating Children – What Works When Talking to Parents About Practicing Music?

We know from talking to hundreds of music teachers over the years that students' practicing habits are always a point of discussion. We've seen parents fall into a whole range of attitudes. Here are a few that we've seen.




pr

Prepare for a Wave of Fed Speakers on November 12, 2024

Heads up for a barrage of Fed speakers due Tuesday 12 November 2024:

10:00 AM ET / 1500 GMT

  • Fed's Waller (Governor, Voter) speech (the topic is 'payments')

10:15 AM ET / 1515 GMT

  • Fed's Barkin (Richmond Fed President, non-voter) speech

2:00 PM ET / 1900 GMT

  • Fed's Kashkari (Minneapolis Fed President, non-voter)

5:00 PM ET / 2200 GMT

  • Fed's Harker (Philadelphia Fed President, non-voter) speech

5:30 PM ET / 2230 GMT

  • Fed's Barkin (Richmond Fed President, non-voter) speaks again
This article was written by Eamonn Sheridan at www.forexlive.com.




pr

BOE's Pill: Further rate cuts likely to be a gradual process

  • It is just a question of how far and how fast
  • Rate cut last week does not mean that the job is done
  • Labour market data today show pay growth still at high levels
  • There is still some work to be done on underlying domestic inflation pressures

All that being said, Pill argues that there has been "substantial" disinflation in the UK already. To summarise, it just means that they are not necessarily going to cut rates at every coming meeting. However, they are making it clear that they do have the option to do so if need be.

This article was written by Justin Low at www.forexlive.com.




pr

Fed's Barkin: Fed in position to respond appropriately regardless of how economy evolves

Richmond Fed Pres. parking is speaking and says:

  • Fed is in position to respond appropriately regardless of how economy involves.
  • US economy looks pretty good
  • Labor market is resilient.
  • From here, labor market mighty be fine or may continue to weaken.
  • Inflation might be coming under control or might risk getting stuck above Fed 2% target.
  • Feds focus may turn to upside inflation risks or to downside employment risks, depending on how economy develops.

The market is pricing a 65% chance of a 25 basis point cut in December. That is down over the last week or so (it was in the high 70%s last week).

US yields are higher but off their highest levels:

  • 2-year 4.314%, +6.1 basis points
  • 5-year 4.269%, +7.6 basis points
  • 10-year 4.370%, +6.3 basis points
  • 30 year 4.516%, +3.7 basis points
This article was written by Greg Michalowski at www.forexlive.com.




pr

ECB Interest Rate Forecast: Deutsche Bank's 7 reasons for projecting a lower terminal rate

Deutsche Bank has revised its forecast for the European Central Bank’s (ECB) terminal rate, lowering its central-case projection from 2.25% to 1.50%. The bank now anticipates the ECB’s policy rate will dip slightly below the neutral rate by the end of 2025, rather than returning to neutral by mid-year as previously expected.

This shift in outlook is driven by several factors, including the potential for new tariffs from a Trump administration, which would likely impact trade, along with weaker macroeconomic performance in Europe and the increasing risk of inflation falling below target.

According to Deutsche Bank, the uncertainty surrounding these dynamics is considerable, especially given the unclear timing and effects of U.S. tariffs and potential European responses. Reflecting this uncertainty, the bank has outlined a broad target range of 1.00% to 1.75% for the ECB’s terminal rate.

Deutsche Bank notes that the terminal rate’s trajectory and ultimate level will depend on key influences such as:

  1. European fiscal policy,
  2. the economic health of Germany,
  3. developments in China,
  4. and fluctuations in oil prices.

The bank further suggests that the global economy may be entering a new phase, with Europe potentially experiencing increasingly divergent economic conditions compared to the U.S.

This article was written by Eamonn Sheridan at www.forexlive.com.




pr

PBoC promised stronger damping to support CNY, and that's what are seeing

Justin had the news from the People's Bank of China here on Monday:

The PBOC governor Pan Gongsheng emphasized that the Bank will not let the yuan plummet without a fight:

  • Will step up countercyclical adjustment
  • Should resolutely guard against the risk of exchange rate overshoot

Today is an example of the Bank pushing back on yuan weakness, with the reference rate set 300+ points stronger for the CNY than was expected (in the Reuters model).

Offshore yuan has jumped (lower USD/CNH as shown in the chart below):

This article was written by Eamonn Sheridan at www.forexlive.com.




pr

Gold sellers keep selling, but approaching a key target

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.

This article was written by Greg Michalowski at www.forexlive.com.




pr

It's not a pretty picture in China

The Chinese market and related global-growth proxies got excited about potential fiscal stimulus in October. After a flurry of buying, there has been some consolidation as we waited for the details.

Those details came on Friday and just before that, the market tried to break higher in a front-run of potentially larger stimulus. Beijing didn't deliver and the market was slow to digest that at first.

Today though, it looks like disappointment is setting in as the MCHI ETF falls into the October gap. The threat of tariffs combined with lackluster domestic growth make for a bad combination. Given how late the market was to pile into this theme, there are going to be many people underwater very quickly.

This article was written by Adam Button at www.forexlive.com.




pr

US CPI data due Wednesday - possible upside surprise.

CPI data from the US due today, Wednesday, November 13, 2024.

Greg popped up a preview earlier:

In a recent note, BMO previewed the data also. Analysts at the bank suggest that any significant influence from recent storms on inflation data is likely limited, meaning market reactions to any deviation in core inflation—either upward or downward—may be pronounced.

The consensus forecast calls for a steady +0.3% rise in core CPI for the month, with expectations leaning toward a possible upside surprise.

A +0.4% reading or higher would make waves, particularly against the backdrop of the recent election results. The logic suggests that if inflation was already ticking up before the GOP’s victory, the added impact of tariffs and potential trade conflicts could fuel further inflationary momentum. However, BMO analysts also point out that while targeted tariffs may not universally drive up prices, this assumption currently shapes US rates market sentiment. With this market outlook in mind, BMO expects that an upside surprise in October’s inflation numbers could have a meaningful impact on yields, increasing their upward trajectory.

At present, actual inflation data is seen as the most direct factor that could push 10-year yields beyond the 4.50% threshold. A softer-than-expected core CPI reading could trigger a rally in the Treasury market, though there appears to be a limit to how much the market will temper expectations for inflation following Trump’s victory. Instead, BMO anticipates the market will continue to define a trading range in this post-election landscape, characterized by a mix of cautious optimism and prevailing skepticism.

This article was written by Eamonn Sheridan at www.forexlive.com.




pr

Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)

Australia data - Wage Price Index for Q3 2024:

+0.8% q/q for the third consecutive quarter

  • expected +0.9%, prior +0.8%
  • Both the private sector and the public sector rose 0.8%, seasonally adjusted, for the quarter.

+3.5% y/y, lowest annual rise for the series since December quarter 2022 and followed four consecutive quarters of annual wage growth equal to or above 4%.

  • expected +3.6%, prior +4.1%

---

The Australian Bureau of Statistics (ABS) publishes the Wage Price Index (WPI) quarterly, measuring changes in the price of labor, unaffected by shifts in workforce composition, hours worked, or employee characteristics.

The ABS provides detailed WPI data, including breakdowns by industry and sector, offering insights into wage trends across Australia's economy.

This article was written by Eamonn Sheridan at www.forexlive.com.




pr

Deutsche Telekom Joins Forces with Meta Pool to Pioneer Decentralized AI on NEAR Protocol

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.

This article was written by FL Contributors at www.forexlive.com.




pr

German economy ministry says US election result presents renewed uncertainty

The economy ministry notes that in light of the US election result, renewed uncertainty among German households and firms cannot be ruled out. It goes without saying that Trump tariffs on German exports is of course the big risk to watch out for. But indirectly, Trump's tariffs on China will also have some impact on the EU market. If China finds it tough to export goods to the US, they might look to flood the market in Europe instead. That's some other form of risk to be mindful about.

This article was written by Justin Low at www.forexlive.com.




pr

EURUSD Technical Analysis – The price is at a key level ahead of the US CPI

Fundamental Overview

The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might have also seen some pre-positioning in the past couple of days into a potentially hot US CPI report today.

At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.

The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Moreover, the red sweep could increase those fears if the progress on inflation stalls, or worse, reverses.

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.

EURUSD Technical Analysis – Daily Timeframe

On the daily chart, we can see that EURUSD broke through the key support zone around the 1.0777 following the Trump’s victor, retested it and eventually continued lower. We are now testing another key level at 1.06 handle, and this is where the buyers are stepping in with a defined risk below the level to position for a rally back into the 1.0777 level. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the 1.05 handle next.

EURUSD Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have a downward trendline defining the current bearish momentum. We can expect the sellers to lean on it to position for the break below the 1.06 handle, while the buyers will look for a break higher to increase the bullish bets into the 1.0777 level.

EURUSD Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor resistance zone around the 1.0630 level where we have the trendline for confluence. This is where the sellers are likely to step in with a defined risk above the trendline to position for the break below the 1.06 handle. The buyers, on the other hand, will look for a break higher to increase the bullish bets into the 1.0777 level. The red lines define the average daily range for today.

Upcoming Catalysts

Today, we have the US CPI report. Tomorrow, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

This article was written by Giuseppe Dellamotta at www.forexlive.com.




pr

Japan government reportedly mulls continuing electricity, gas price subsidies next year

For some context, these subsidies did come to an end in May but were reinstated in August through to October to cope with the warmer weather. Subsequently, they were continued until this year-end but the funds had to be drawn from reserves in the budget for the fiscal year that started in April.

NHK is now reporting that the government is considering keeping these subsidies from January through to March next year. Amid a higher cost of living in key populated areas such as Tokyo, the measure above is mainly to try and combat rising consumer prices.

This article was written by Justin Low at www.forexlive.com.




pr

Toolkit Launched to Provide Media With Best Messaging Practices, Guidance on COVID-19 Vaccine Education

Washington, D.C. – The National Association of Broadcasters (NAB), the Donald W. Reynolds Journalism Institute (RJI) and the National Association of Chain Drug Stores (NACDS) today announced the launch of an online toolkit to help local journalists craft COVID-19 vaccine education messages that best resonate with their audiences. The toolkit is designed to provide journalists with information and resources to create news reports, public service announcements and other messages related to vaccine safety, effectiveness and distribution.




pr

NAB Statement on Presidential Inauguration

WASHINGTON, D.C. – In response to the inauguration of President Joe Biden and Vice President Kamala Harris, the following statement can be attributed to NAB President and CEO Gordon Smith:




pr

NAB Launches New Program to Deepen Engagement with All Levels of Broadcast Professionals




pr

NAB Amplify™ Launches Early Access, Presents New Global Hub for NAB Show® Community




pr

NAB Statement on Introduction of Journalism Competition and Preservation Act




pr

NAB Amplify™ Demo Days Feature Expert-led Product Demos, Case Studies




pr

NAB Show Premiere Debuts on NAB Amplify, April 12—23




pr

NAB Statement on Supreme Court Decision on Review of Media Ownership Ruling




pr

NAB Show Premiere Opening Session Explores Broadcasting in the Pandemic




pr

Charlyn Stanberry Joins NAB as Vice President of Government Relations

Washington, D.C. -- The National Association of Broadcasters announced Charlyn Stanberry has joined the organization as vice president of Government Relations, effective today. Stanberry will report to Shawn Donilon, executive vice president of Government Relations.




pr

NAB Show Premiere Session to Explore Emerging Benefits of Edge Technology for Broadcasters

Washington, D.C. -- NAB Show Premiere will examine the future impact of edge technology on radio and television broadcasters during a session titled “Livin’ on the Edge: Advances in Computing and Networking to Drive Innovation in Broadcasting.” The session, which will air on Wednesday, April 21st at 3 p.m. ET and be available on-demand, will present a new study about opportunities created by wider adoption of edge technologies in the next three to four years.




pr

NAB Leadership Foundation Announces 2021 Technology Ambassador Program Graduates




pr

Ten Representatives Join Coalition Supporting Local Radio Freedom Act

WASHINGTON, DC -- Eight members of the House of Representatives have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 87 cosponsors in the House and eight in the Senate.




pr

Study Finds Technology Platforms’ Market Power, Economic Practices Disadvantage Local Broadcast Journalism

Washington, D.C. -- Radio and television stations are not adequately compensated for their news content on technology platforms because of an imbalance in market power, according to a new study released today by BIA Advisory Services. The study found that each year broadcasters lose nearly $2 billion in value that they generate for two of the largest technology platforms through publication of their valuable content – particularly local news.




pr

NAB President and CEO Gordon Smith Delivers Remarks at State Leadership Conference

WASHINGTON, D.C. – National Association of Broadcasters (NAB) President and CEO Gordon Smith delivered remarks today at NAB's State Leadership Conference. The annual gathering of 500 radio and TV station owners and executives from all 50 states is designed to educate the broadcast industry to advocate on relevant legislative and regulatory issues. This year’s conference is a virtual-only event.




pr

25 Representatives, Six Senators Join as Local Radio Freedom Act Cosponsors

WASHINGTON, DC -- Twenty-five members of the House of Representatives and six Senators have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 112 cosponsors in the House and 14 in the Senate.




pr

NAB to Present Engineering Achievement and Digital Leadership Awards at NAB Amplify Event




pr

NAB Leadership Foundation to Honor Procter & Gamble With Corporate Leadership Award




pr

NAB Show Launches Annual 'Product of the Year' Awards




pr

Next Gen TV Prototype Shows How Educational Equity Can Be Achieved For All Students




pr

Eleven Representatives Add Support for Local Radio Freedom Act

WASHINGTON, D.C. -- Eleven members of the House of Representatives have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 149 cosponsors in the House and 18 in the Senate.




pr

Ten Representatives Added as Local Radio Freedom Act Cosponsors

WASHINGTON, D.C. -- Ten members of the House of Representatives have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 159 cosponsors in the House and 18 in the Senate.




pr

NAB Leadership Foundation Accepting Applications For 2022 Broadcast Leadership Training Program




pr

Ten Representatives, Four Senators Join as Local Radio Freedom Act Cosponsors

WASHINGTON, D.C. -- Ten members of the House of Representatives and four Senators have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 169 cosponsors in the House and 22 in the Senate.




pr

NAB Show Provides Updates on Health and Safety Protocols

Washington, D.C. -- National Association of Broadcasters (NAB) Executive Vice President of Global Connections and Events Chris Brown today issued the following letter to the NAB Show community regarding health and safety plans for the 2021 NAB Show:




pr

NAB Show Announces Curated Show Floor Tours Program




pr

#GALSNGEAR Announces Program for NAB Show