This recognition was given to only 19 entries out of 650 companies across 22 countries.

Packaging Recycling Summit, September 16–18 in Anaheim, Calif., features a multi-day educational program for all stakeholders in packaging’s circular supply chain.

Graduates of the 2020 high school class in Atlanta, Georgia, are going to be wearing their graduation garb made of recycled plastic bottles. Coca-Cola began collecting plastic bottles at its headquarters as part of Earth Day activities. The goal is to gather 7,000 bottles, enough to make graduation outfits for 200 graduates. 

A wholly owned subsidiary of the Pacteon Group, ESS Technologies aims to increase capacity and streamline its operations by consolidating its current facilities in Giles and Blacksburg into one larger facility in Montgomery County.

In addition to management changes, the company announced significant investments in new equipment, including a new BOBST 64" Masterflute In-Line Laminator to be installed in the company's Sacramento facility.

Company’s packaging concept eliminates the need for separate parts, like caps, and reduces material waste by utilizing a single mono-material – polypropylene (PP) – that ensures easy recycling.

Yesterday, the President of the United States declared an expanded emergency declaration for all states and the District of Columbia on truck shipments of consumer goods and other supplies. Below is an update from the FMCSA delineating the types loads that are being exempted from hours of service rules.

Dozen’s Half & Half project is the first gold award won by Ukrainian designers at Pentawards since 2015 and only the second in the competition’s history.

The Food Processing Suppliers Association (FPSA) today introduced the details of a key session in the PROCESS EXPO UNIVERSITY program titled “Where Have All the Bakers Gone?”

American genius: The story of William James Sidis.

New VFFS machine series combines high pack style flexibility with intuitive functionalities, giving frozen food, bakery, confectionery, and snacks producers a leg up on competition.

2023 was abundant with packaging innovations, including when it comes to one of the most ubiquitous packaging options of all: bottles.

Shoppers at selected Tesco Express stores in Brighton and Hove, Bristol, London and Manchester will see the “naked” bottles on shelves from January through March. 

Following the introduction of the Wine Collection subcategory in 2021, Pentawards started receiving inquiries about the possibility of a Spirits Collection option.

Uniquely curated two-day event inspires and educates creatives in the beer and beverage space.

The new Syntegon IDH is at the heart of a line which flexibly packages cookies and crackers in trays and flow wraps made of mono-material. 

At Packaging Strategies, we stay on top of packaging innovations. However, it's also important to gain a broader perspective on specific industry segments.

lunch!, the definitive event for food-to-go, serves as the perfect platform for Coveris to showcase its commitment to developing innovative and sustainable packaging for the sector.

Manufactured by Bagcraft®, a Novolex brand, the new multilayered bags and rolls keep foods at the height of flavor as they are wrapped, frozen, thawed, reheated and held under heat at the point of sale.

The new visual identity is being rolled out across all packaging and on e-commerce and digital channels. 

Mars' use of this simulation technology has already reduced the quantity of plastics purchased by Mars for testing by approximately 246 tons.

The IBIE organizers name BNP Media's Snack Food & Wholesale Bakery sponsors of BEST in Baking for another show cycle.

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

This bold rebranding, themed “Modern Roots,” disrupts the conventional produce market by combining modernity with authenticity, bringing a fresh, dynamic, and innovative spirit to their products.

Rotibag's innovative features include an integrated handle, making it ideal for hot grab-and-go items like rotisserie chicken and other prepared foods, while its fog-resistant packaging ensures product visibility.

The interdisciplinary expert jury of the German Design Council awarded IQJET in the category "Excellence in Business to Business: Machines & Engineering" with the Gold German Innovation Award.

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

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

PBOC governor Pan Gongsheng emphasized 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

With the surging USD after Trump's win the yuan is just one of many weaker currencies:

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

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

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

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

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

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

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

What traders should watch ????

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

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

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

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

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

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

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

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

What next?

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

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

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

Is Google Stock a Buy or Sell?

Hello, this is Itai Levitan at ForexLive.com. Today, I’m analyzing whether Google stock (Alphabet Inc.) is a buy or sell, and my take may surprise you. Unlike many who are looking to buy now, I’m approaching this with a lot more patience. In this update, I’ll walk you through my expert strategy based on precise technical analysis, which targets an entry at specific lower prices. Let’s dive in.

The Patient Approach: Wait for the Right Moment

Imagine you’re buying real estate: you wouldn’t rush to buy if prices were high; instead, you’d wait for a 20-25% correction before diving in. That’s precisely the mindset I’m applying to Google stock. While the market currently has Alphabet trading around $181 in the pre-market, my plan focuses on buying during a deeper dip if specific conditions align.

For those currently holding Alphabet shares, I’d be cautious. If the price reaches between $186 and $188.5, I would consider diluting my position or even selling a significant portion. The reward-to-risk ratio in this range may not justify holding. But my main focus here is not on where to sell but on where to buy.

Anchored View of Key Earnings Levels

I’ve anchored my technical analysis to three key earnings dates: October 24, 2022, January 30, 2023, and April 24, 2023. Each of these dates marked points where Google stock consolidated before a strong upward move. These are essential reference points because they show where major buyers entered, likely including institutions and insiders who had a solid long-term outlook. The anchored VWAPs from these dates provide an orientation for where support may lie, but they are not definitive buy triggers. I’m clearing these lines from the chart to avoid confusion.

The Dip Buying Plan

I’ve set up a structured dip-buying plan with four pre-prepared limit orders at specific technical levels. Here’s the breakdown:

1. First Buy Order at $158.53 – Initial X amount of shares purchased.
2. Second Buy Order at $153.06 – Doubling the initial share quantity (2X).
3. Third Buy Order at $140.79 – Tripling the initial amount (3X).
4. Fourth Buy Order at $137.42 – Quintuple the original quantity (5X).

By following a Fibonacci-inspired scaling, each buy increases in size, creating a weighted average entry price of $143.10 if all orders are filled. This disciplined approach allows for capturing a better entry price while managing risk effectively.

Risk Management: Stop Loss and Profit Target

Once the final buy order at $137.42 is filled, I’ll set a 5% stop loss at $135.95. The goal is not just to protect capital but to control potential downside if the market moves against me.

On the profit side, my target is a 35% increase from the average entry price, aiming for $193.10 per share. This setup offers a 7:1 reward-to-risk ratio—an attractive profile for a patient, disciplined trader. If only some of the buy orders are filled, the average entry price will be slightly higher, but this can still yield a strong return.

Flexibility with Profit Taking

Although my final target is $193, flexibility is essential. For instance, if three of the four buy orders are filled and the price begins to rise, I may opt to take partial profits along the way, mitigating risk and locking in gains. This adaptability allows for adjustments based on market conditions and evolving technical signals.

Why Patience Pays Off

This isn’t about reacting to the latest market move or speculation. It’s about waiting for the right setup and not feeling pressured to jump in too early. I’m not concerned with immediate market trends, potential new all-time highs, or the impact of macro events like the "Trump effect" or other news. This plan is grounded in sound technical analysis, targeting precise entry points and disciplined risk management.

Key Takeaway: If Google stock dips to my target prices, I’m ready to buy. However, if the price doesn’t reach these levels, I may miss out—but that’s part of my strategy. I’d rather miss an opportunity than enter at the wrong price, compromising the risk-reward balance.

Closing Thoughts

Is Google stock a buy or sell? For me, it’s a buy, but only if it meets my conditions. I know targeting an entry at $143.10 may seem extreme, but often, patience and discipline deliver the best results. This method allows for a 5% risk with a potential 35% gain, translating into a high reward-to-risk ratio. Remember to set your orders in advance; you don’t want to chase the market when it hits these levels, as high-frequency algorithms can drive the price up quickly, making it difficult to achieve your planned entry.

Buy or sell Google stock at your own risk. Visit ForexLive.com for more expert insights, and thank you for following along.

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.

Fundamental Overview

Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%.

The reason is that a red sweep brings a more expansionary fiscal policy and should be not only positive for growth but also for inflation.

In fact, the market now sees just two 25 bps rate cuts in 2025 which is already much less than the four projected by the Fed in September.

In the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle, but for now the short-term trend is to the downside due to the repricing in rate cuts expectations.

Gold Technical Analysis – Daily Timeframe

On the daily chart, we can see that gold is now trading near the key trendline around the 2600 level. This is where the buyers are stepping in with a defined risk below the trendline to position for a rally into a new all-time high. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the next trendline around the 2400 level.

Gold Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see more clearly the strong support zone we have around the 2600 level where there’s the confluence of the previous swing low level and the trendline. We can see that we also have a downward trendline defining the current bearish momentum.

If we get a pullback, the sellers will likely lean on it to position for the break below the major trendline, while the buyers will look for a break higher to increase the bullish bets into a new all-time high.

Gold Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have another minor downward trendline defining the bearish momentum on this timeframe. More aggressive sellers might lean on this one to position for the break of the major trendline, while the buyers will look for a break higher to target the pullback into the next downward trendline. 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.

See the video below

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.

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.

WASHINGTON, D.C. – NAB President and CEO Gordon Smith testified today before the Senate Commerce Committee's Subcommittee on Communications, Media, and Broadband at a hearing titled "Shot of Truth: Communicating Trusted Vaccine Information."

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.

WASHINGTON, D.C. -- NAB President and CEO Gordon Smith delivered a State of the Industry address today. 

Washington, D.C. -- Former National Association of Broadcasters (NAB) President and CEO Gordon Smith will receive the organization’s Distinguished Service Award (NAB DSA) during the 2022 NAB Show in Las Vegas. Smith will receive the award – NAB’s highest honor – at the NAB Show Welcome session on Monday, April 25.

Washington, D.C. -- Award-winning actor, writer and producer Brett Goldstein will take NAB Show into his process in creating compelling content that resonates with audiences and that has made him one of Hollywood's most sought-after multihyphenates in a fireside chat on April 17 at 4:00 p.m. on the Main Stage of the 2023 NAB Show in Las Vegas, Nev.

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.

Washington, D.C. -- NAB Show today announced that two-time Emmy-award winning writer, actress and comedian Ashley Nicole Black will moderate a fireside chat with actor, writer, producer and all-around multihyphenate Brett Goldstein. In "A Conversation with Brett Goldstein," on the NAB Show Main Stage Monday, April 17, at 4 p.m., Goldstein will discuss his multifaceted creative career, how he balances his various roles, and his process for creating compelling content.

WASHINGTON, D.C. – In response to the Senate confirmation of Anna Gomez to the Federal Communications Commission, the following statement can be attributed to NAB President and CEO Curtis LeGeyt:

Ray Quiñones has joined the National Association of Broadcasters (NAB) as director of Government Relations, effective today. Quiñones will report to Shawn Donilon, executive vice president of Government Relations.

In response to the passing of Charles Osgood, the following statement can be attributed to NAB President and CEO Curtis LeGeyt.

The National Association of Broadcasters (NAB) will present the Television Chairman’s Award to award-winning talk show host, actor, producer and recording artist, Jennifer Hudson. The ceremony will take place on the Main Stage at NAB Show during the We Are Broadcasters session on Tuesday, April 16 at 9:30 a.m.

Washington, D.C.— In the crowded media landscape, audience attention spans are shorter than ever. To stand out, content must truly connect with audiences. That’s the subject of a newly announced Main Stage session at the 2024 NAB Show in Las Vegas featuring NBCUniversal entertainment chairman Frances Berwick and moderated by Variety co-editor-in-chief Cynthia Littleton. The pair will then be joined by “America’s Got Talent” host Terry Crews, as the trio of industry leaders will discuss the current TV landscape, as well as connecting content and audiences across NBCU’s television portfolio.

Manufacturing

Room 29, Parliament Buildings

Room 21, Parliament Buildings