Colorful variety is what the most famous chocolate bar in the 100g format from Ritter Sport stands for. Its dimensions are just as varied as the many different types of chocolate offered.

The Orbi-Trak TC-6 speedup kit for Meridian XR machines is designed to allow beverage and food manufacturers to run a variety of canned product configurations at a reported surge speed of 345 cartons per minute.

Restel, a Finnish restaurant and catering company, kicks off a pilot with reusable cups made of biobased and recyclable Sulapac® material in selected restaurants, including two Burger King outlets.

The lids from LipLid are made from either a mixture of bamboo and bagasse or from pure wood fibers. In both cases, the fibers are recyclable. 

This accolade underscores Duni Group's commitment to innovative and sustainable packaging solutions, solidifying its position as one of the industry's most influential players.

Collaboration led by the NextGen Consortium makes reusable cups the default option in national and local restaurants across the city of Petaluma, California.

The plastic and PFAS-free coating will be manufactured at scale at the 2M Group of Companies facility in Milton Keynes and supplied under its new business venture, Sustainable Packaging Technologies.

Catena Solutions helped a global snack food company render its repack operations less costly and more efficient.

The redesign emphasizes the company's commitment to organic, gluten-free ingredients and introduces new convenient sizes for single and family snacking.

The new design, described as modern and capturing the fun spirit of Brownie Brittle, is rolling out to retail stores now.

The system is designed to provide fast, accurate, and efficient case packing for a wide range of products.

Prior to purchasing the pair of SOMIC case packing systems, Once Upon a Farm’s co-packers used manual labor to handle the products.

The Berry Cup Range combines reusability with a premium quality feel and high-impact branding opportunities.

Acquisition allows ProMach to establish a powerful position in the food and pet care sectors where can filling and sterilization are required.

The new campaign forms part of the wider #LEVELUPWITH7UP platform that has been rolled out across various regions worldwide – solidifying 7UP as a versatile plus-one to any gathering.

As part of the brand refresh, the Somersby tree has been redesigned to make it more iconic, with a simplified, more recognizable shape that is naturally uplifting. Its canopy with its distinctive shape can flex to aid flavor navigation.

 The two products are designed to properly handle eggs and various fruits, respectively. 

Soft-fruit containers made with MONOAIR™ cushion technology now include square, large rectangular and standard versions.

While some groups say that fresh produce packaging is unnecessary and should be removed, British Apples & Pears Limited says the protective and shelf-life enhancing properties of packaging should be considered.

The new Lamb Weston retail packaging has an overall renewable feedstock content of at least 60%, which is certified from the polymers to the film.

Company’s solutions for palletizing and stretch wrapping will be on display at the trade show, which will take place March 18-20 in Philadelphia.

A variety of conveyor technologies were implemented to smoothly transport beverage cans between different processing machines in the line. 

Emmepi Group says the objective of the acquisition is to further increase its geographic manufacturing footprint, enhancing its ability to offer a totally integrated solution, aligning with the demands of customers globally.

The petition aims to resolve unequal amounts of product in hot dog and hot dog bun packages.

Company’s PCS700-IOT performs high-speed pressure and gas measurement for carbonated, nitrogen-dosed and hot-filled beverages to detect leaks and optimize the process.

Antares Vision Group systems are part of DIAMIND, the integrated ecosystem of solutions connecting physical products with digital identities.

Torus Group, known for its strong portfolio in measurement for metal and rigid packaging in the food and beverage industries, has recently expanded into plastic packaging and medical devices.

Around half the sheetfed offset presses Heidelberg sells go to packaging customers, and the folding carton market is a strategic growth segment for Heidelberg.

Acquisition adds significant capabilities to the Inovar platform, which includes industry-leading pressure sensitive, roll-fed, and RFID label capabilities.

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

• PBOC governor will maintain yuan exchange rate at a reasonable, balanced level

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):

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.

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

Greg popped up a preview earlier:

• US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM

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.

At 10 am Sydney time on Thursday, November 14, 2024,

• Panel Participation by RBA Governor Michele Bullock, at the ASIC Annual Forum, Sydney
• that's 2300 GMT, 1800 US Eastern time on Wednesday, November 13, 2024

Perhaps we'll hear something on wages data from earlier today:

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

But, probably not:

• Australia - "Wage inflation is moderating as expected"

The RBA next meet on December 9 and 10 and no change to the cash rate is widely expected.

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.

WASHINGTON, DC -- Twelve members of the House of Representatives and one Senator 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 124 cosponsors in the House and 15 in the Senate.

Washington, D.C. -- As founding members of the Biden Administration’s COVID-19 Community Corps, the National Association of Broadcasters (NAB) is urging all local radio and television stations to participate in a National Month of Action beginning June 4 to provide COVID-19 vaccine education and help ensure all Americans understand the importance of getting vaccinated.

WASHINGTON, DC -- Fourteen members of the House of Representatives and three Senators have added their support to the Local Radio Freedom Act (LRFA) opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations bringing the number of cosponsors to 138 in the House and 18 in the Senate. The National Religious Broadcasters (NRB) expressed their support for the resolution, which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, in a letter to congressional leaders on June 11.

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.

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:

Washington, D.C. – Leadership changes were announced today for two key working groups of the National Radio Systems Committee (NRSC), a technical standards-setting body co-sponsored by National Association of Broadcasters (NAB) and the Consumer Technology Association (CTA). 

Washington, D.C. -- NAB Show is currently accepting applications from startup companies to feature their innovative products and solutions on the industry’s largest stage for media, entertainment and technology at the 2022 NAB Show, held April 23–27 in Las Vegas, Nev.

Washington, D.C. -- The National Association of Broadcasters (NAB) announced today that the affiliate boards of directors of ABC, CBS, FOX Television and NBC will meet in-person during NAB Show, April 23 – 27, 2022, in Las Vegas, Nev.

WASHINGTON, D.C. – In response to announced retirement by Rep. Fred Upton (R-MI-6) upon the completion of the current congressional term on January 3, 2023, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C.– The National Association of Broadcasters (NAB) today announced the launch of a public service campaign to further support children displaced by the war in Ukraine. The campaign will run on World Refugee Day (June 20) and all proceeds will be donated to UNICEF USA to support UNICEF’s emergency response and humanitarian work in Ukraine and neighboring countries.

The National Association of Broadcasters today unveiled the schedule for the Radio Reimagined | Charting Radio’s Future conference, one of two radio-focused tracks taking place at NAB Show New York. Held Thursday, October 20th at the Javits Center, Radio Reimagined is geared towards station-level radio managers, programmers and operators from all market sizes.

Washington, D.C. -- In response to the announcement by the House Judiciary Committee that it will markup the American Music Fairness Act next week, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. -- In response to the House Judiciary Committee's markup of the American Music Fairness Act (AMFA), the following statement can be attributed to NAB CEO and President Curtis LeGeyt: