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 also be seeing some pre-positioning into a potentially hot US CPI report tomorrow.

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.

USDJPY Technical Analysis – Daily Timeframe

On the daily chart, we can see that USDJPY continues to consolidate above the key 152.00 support zone maintaining a bullish bias. If we were to get another pullback into the support, we can expect the buyers to step in once again 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 pile in for a drop into the 148.00 handle next.

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. The price recently bounced near the trendline and we can expect the buyers to keep leaning on it, while the sellers will look for a break lower to gain more conviction for a bigger correction to the downside.

USDJPY Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor support zone around the 153.40 level. This is where the buyers are stepping in with a defined risk below the zone to position for the continuation of the uptrend. The sellers, on the other hand, will want to see the price breaking lower to target a pullback into the trendline. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

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Barclays has issued a note suggesting that the re-election of Trump is unlikely to significantly impact oil market fundamentals in the near term.

The bank believes that current market dynamics are relatively stable and does not foresee major shifts tied to potential changes in U.S. leadership.

Barclays is recommending a long position on December 2025 Brent call spreads. The bank notes that volatility has recently decreased, and it perceives market sentiment as overly focused on downside risks, or the "left tail." In contrast, Barclays believes the risks are more balanced, especially in light of recent improvements in oil market fundamentals and the possibility of a more confrontational geopolitical landscape.

Since its founding in 2004, Dukascopy has grown into a trusted, innovative leader in the fintech and online trading space, providing clients with advanced tools and a stable platform for smart financial decisions.

Over the past 20 years, Dukascopy has reached major milestones that reflect its core values of stability, innovation, and putting clients first. From its proprietary JForex platform to the popular MT4 and MT5, Dukascopy offers a variety of trading platforms along with modern neo-banking services for both individuals, businesses, and institutions. The bank has also led the way in technology upgrades with White Label and banking-as-a-platform solutions.

As Dr.Andre Duka, Dukascopy’s founder, says, "Innovation has always been at the heart of what we do. We aim to continue delivering these high standards into the future. Thank you, our clients, for choosing us for these 20 years."

Currently, Dukascopy (https://dukascopy.click/agw) proudly serves over 400,000 clients across both trading and banking services. This commitment to delivering cutting-edge solutions, backed by Swiss-grade stability, has allowed the company to maintain long-term relationships with clients, many of whom have been trading and banking with Dukascopy for decades.

As the company looks toward the future, Dukascopy remains focused on empowering traders and banking clients, expecting significant growth of its client base across all segments, from trading to neo-banking, corporate to white-label services.

Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community—without institutional venture capital—this achievement highlights the support Rekt received from its loyal and growing network.

This funding announcement follows the debut of Rekt Drinks, Rekt’s first consumer product: a lime-flavored sparkling water with zero caffeine and zero alcohol, featuring the Rekt branding. Rekt Drinks made its debut last week with 222,456 units available across 32 countries. The entire stock sold out in under 48 hours, with demand in the U.S. alone resulting in a complete sell-out within just 4 hours and 20 minutes. This launch represents one of the largest real-world product sales by a Web3 brand, reinforcing Rekt’s potential as a cultural force in both digital and traditional markets.

Rekt was founded from the success of the Rektguy NFT collection, created by artist Ovie Faruq (OSF) in May 2022. Since then, the Rektguy project has expanded into Rekt Brands, which oversees the Rekt IP and pioneered a unique industry model by offering equity in the parent company directly to its NFT holders, utilizing a Reg CF exemption under SEC guidelines in the U.S.

“Rekt has had a die-hard, cult-like community for the past 2 years, and our ambition is to fulfill its potential as one of the largest Web3 brands,” said OSF. “With the sell-out of our drinks last week, that’s 222,456 times someone is going to pick up a can with the Rekt logo and a Rektguy on it. It’s a magnitude higher for us in terms of brand awareness.”

With this new funding, Rekt is poised to expand its product lineup, strengthen its brand awareness in and outside of Web3, while further bridging digital culture with physical consumer products. The Rekt community remains at the heart of the brand’s mission, with upcoming projects that will continue to empower, engage, and reward its dedicated supporters.

About Rekt

Rekt Brands Inc. (https://x.com/rektbrands) is the parent company that owns the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property. Established from the success of the Rektguy NFT collection by artist Ovie Faruq (OSF), the brand has expanded into consumer goods and groundbreaking community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and viral global community.

LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner.

We are excited to announce that LiteFinance has entered into a multi-year partnership with Premier League football club Leicester City as their Official Trading Partner. This collaboration marks a significant milestone for LiteFinance as we expand our presence into the world of sports, aligning our brand with one of England’s most admired football clubs. Leicester City Football Club is pleased to confirm LiteFinance as its new Official Trading Partner.

Established in 2005, LiteFinance has grown into a leading online broker, offering high-speed trading services in 29 international languages. Our platform is designed to empower clients with financial freedom, providing access to a comprehensive range of trading instruments in the currency, commodity, stock, and agricultural markets. Through this partnership, we aim to bring our innovative, accessible trading solutions to a broader audience, enhancing the experience for both our clients and Leicester City’s global fanbase. Shared Values and Vision Both LiteFinance and Leicester City share a commitment to excellence, innovation, and a global outlook. The Foxes have a significant following, particularly in Southeast Asia, where they enjoy one of the largest social media reach outside of the Premier League’s traditional top six clubs. This partnership will allow LiteFinance to engage with new audiences and create memorable experiences for football fans and our clients alike. Visibility and Engagement As part of this partnership, LiteFinance will benefit from extensive brand visibility, including pitch-facing LED advertising, logo placements on interview backdrops, and a selection of digital advertising. Additionally, our clients will have exclusive access to branded promotional materials, such as custom merchandise, and will be able to participate in special contests and promotions designed to bring excitement and memorable experiences to football fans. These initiatives are tailored to enhance engagement and connect with Leicester City supporters meaningfully. Statements from Leadership Kristina Leonova, CEO of LiteFinance, commented: “We are thrilled to embark on this exciting journey with Leicester City. This partnership reflects our mutual commitment to excellence and innovation. It will allow us to connect with new audiences and create impactful experiences while delivering on our promises and setting new standards of success.”LiteFinance is proud to partner with Leicester City Football Club and looks forward to a fruitful relationship that will bring value to both organizations and the communities we serve. We are confident that this collaboration will set the stage for innovative initiatives and successful outcomes in the future. Leicester City Commercial Director, Dan Barnett, added: “This collaboration marks an exciting chapter for us as we continue to expand our global reach with new partners. We look forward to working closely with LiteFinance to further elevate the Club's presence on the international stage in unique ways.”

0945 GMT / 0445 US Eastern time - Bank of England policymaker Catherine Mann is a panellist on the Female Central Bankers panel organised by BNP Paribas’ Global Markets

*

The Bank of England cut last week

• Forexlive Americas FX news wrap 7 Nov: FOMC/BOE cuts by 25 basis points

Expectations are for slower cuts ahead:

• More gradual Bank of England rate cuts = support for GBP

ING remarks after the wages data from Australia earlier:

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

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

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

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

**

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

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.

European trading will be a bit of a snoozer as such with a lack of headlines. But perhaps we might get some interesting market moves to talk about in the run up to the US CPI report. USD/JPY is now inching just above 155.00 for the first time since end July while EUR/USD is looking heavy near the April low of 1.0601. Those will be two of the more interesting charts in play currently.

Elsewhere, US futures are pointing lower with gold back up slightly just above $2,600 and Bitcoin is down to below $87,000 after briefly brushing up against the $90,000 mark overnight. So, there are some mixed moves in there for the time being.

In terms of data releases, there's just the US MBA mortgage applications at 1200 GMT. With rates having shot higher post-election, that is likely to keep sentiment in a more dour spot after last week's report here.

As for euro area releases, there's nothing on the agenda for today.

WASHINGTON, D.C. – In response to the passing on Disney Senior Vice President of Government Relations Richard Bates, the following statement can be attributed to NAB President and CEO Gordon Smith:

WASHINGTON, D.C. – In response to the passing of Rush Limbaugh, the following statement can be attributed to NAB President and CEO Gordon Smith:

WASHINGTON, D.C. – Today, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law is holding a hearing titled "Reviving Competition, Part 2: Saving the Free and Diverse Pres."

WASHINGTON, D.C. -- In response to passage by the House of Representatives of the Build Back Better reconciliation package that includes provisions in the Local Journalism Sustainability Act, the following statement can be attributed to NAB President and CEO Gordon Smith:

Washington, D.C. – Award-winning journalist Ashleigh Banfield, host of “Banfield” on NewsNation, will reunite with her former MSNBC co-anchor, Lester Holt, the NBC Nightly News anchor and managing editor. Holt will join her “Rising Tide: The Value in Mentoring Others” series during the NAB Show Opening Main Stage session on Sunday, April 24 at 1:15 p.m. in Las Vegas, NV.

Washington, D.C. – Two-time Emmy Award-winning talk show host, journalist, producer and author Tamron Hall has been appointed to the National Association of Broadcasters Leadership Foundation (NABLF), NABLF Board Chair Darrell Brown announced today. In addition, Hall will serve in the newly created position of industry ambassador, working with NABLF on campaigns and fundraising efforts to help shape the future of the Foundation.

Washington, D.C. -- The National Association of Broadcasters (NAB) and the Society of Broadcast Engineers (SBE), the association for broadcast and multimedia technology professionals, announced a joint memorandum of understanding with the Department of Defense to allow non-exclusive access to commercial spectrum at 2025-2110 MHz at 26 U.S. military sites. The bases were selected for their ability to provide streamlined access to spectrum used by broadcasters for electronic newsgathering and other purposes. DoD activities at these bases will include test and training missions to assure readiness and enhance electromagnetic spectrum superiority.

Washington, D.C. -- In response to the passing of Barbara Walters, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C. -- Jesse Kobayashi, VFX producer on "The Lord of the Rings: The Rings of Power," will take the NAB Show Main Stage on April 16 to discuss how Blackmagic Design, Company 3 and AWS collaborated to create an entirely cloud-based infrastructure for conform, color-grading and delivery on one of the largest television shows in history.

The 2023 NAB Show will host the 4th Global Next Gen Broadcasting Conference, co-produced by NAB and the Korea Radio Promotion Association (RAPA) on Sunday, April 16 from 4:00 pm to 6:00 pm PT in Room W208/209 in the Las Vegas Convention West Hall.

Washington, D.C. -- NAB Show will partner with Broadcast Beat Studios to run a live remote-production broadcast from the Show Floor that will air internationally over the internet. NAB Show LIVE will run each day of the 2023 NAB Show, April 15-19, from 9 a.m.-6 p.m. PDT (9 a.m.-2 p.m. PDT Wednesday) in Las Vegas, Nev., creating an immersive experience for viewers who want to see exhibitor interviews, demos, new product spotlights, Experiential Zone experiences, and other on-floor events.

LAS VEGAS, Nev. -- NAB Show today announced that a new report from the North American Broadcasters Association (NABA) on hybrid radio, metadata and service providers will be unveiled during the Broadcast Engineering and IT Conference (BEITC) session "Broadcasters and Hybrid Radio – It's All About the Metadata" on April 16 at 10 a.m. An expert panel will discuss the report, "Insights on Hybrid Radio and Metadata for Broadcasters," as well as the changing automotive media and entertainment landscape and the service providers helping broadcasters create a great media experience with metadata in the car.

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

WASHINGTON, D.C. – The National Association of Broadcasters (NAB) today launched a nationwide search for an executive vice president and managing director of Global Connections and Events overseeing the annual NAB Show – one of the largest business-to-business trade shows in North America and the premier trade show serving the media and entertainment industry. The position presents a unique opportunity for an experienced executive with a strong trade show and strategic business background to lead and inspire a team of 30 responsible for executing NAB Show, NAB Show New York and NAB Amplify.

WASHINGTON, D.C. – In response to the passing of Bob Barker, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

In response to the passing of Phillip J. Lombardo, founder of Citadel Communications, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Washington, D.C.— With 160 countries represented, NAB Show April 13 - 17 at the Las Vegas Convention Center, is solidly the global destination for all things broadcast, media and entertainment. Dignitaries and delegations from six continents will convene to discover cutting-edge technologies, forge strategic partnerships and shape the future of content creation.

The pedagogical influence of Francois Rabbath on the double bass world has been tremendous. Once seen as a dramatic departure from traditional bass technique, the Rabbath approach has become mainstream and perhaps the most commonly used method for young bassists. The story behind the Rabbath Institute Cielito De Jesus started the Rabbath Institute Los Angeles […]

Andrew Kohn takes a deep dive into bass mutes, demonstrating 13 of them! Find Andrew’s compositions and editions in our sheet music store.

For years, I’d heard about “rules” that I was supposed to follow when figuring out bass fingerings. Honestly, it was a bit confusing to me. They all seemed to conflict with each other, and I was never sure where to begin. Over time, I figured out how these rules work, when to follow them, and […]

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Room 30, Parliament Buildings

Room 29, Parliament Buildings

Room 21, Parliament Buildings

A team of physician-scientists calculated how much greenhouse gas is being emitted by inhalers prescribed for asthma and chronic obstructive pulmonary disease.

The post Is your asthma inhaler bad for the environment? appeared first on Scope.

Stanford Medicine bioethicist Tyler Tate found high levels of success in ballet, miming, acting, fencing and collegiate tennis. But his love of storytelling ultimately led him to medicine.

The post From ballet to medicine, a love of stories has driven this bioethicist appeared first on Scope.

Vision damage from a complication of premature birth can be halted if it’s caught soon enough — and a California Perinatal Quality Care (CPQCC) and Stanford Medicine-led study shows the state’s screening process is helping close racial gaps.

The post California excels at screening babies for main cause of childhood blindness appeared first on Scope.

The Northern Ireland Assembly Committee for Infrastructure has welcomed the decrease in the backlog in processing Blue Badge applications.

The Committee for Infrastructure has welcomed the review of the renewal process for Blue Badge holders, announced yesterday by the Infrastructure Minister.

The Northern Ireland Assembly Committee for Infrastructure has pressed the Department on the way they are reducing the Blue Badge backlog at their recent meeting in Enniskillen.

The Northern Ireland Assembly Committee for Infrastructure has criticised the Department’s handling of the backlog in issuing blue badges to those with mobility issues at their meeting today.

The Northern Ireland Assembly Committee for Infrastructure has welcomed the introduction of online applications for blue badges.

The Northern Ireland Assembly Committee for Infrastructure has criticised the delays in the issuing of Blue Badges for those with mobility problems.