tech

Advanced PPE Techniques and Protection for Restorers

Use these techniques to minimize risk at jobsites and prevent the bringing home of hazardous materials.




tech

Technology Innovations in the Insurance Claims and Restoration industry

VP of Sales at iGuide Michael Vervena talks about how technology innovations in the restoration and insurance claims industry are making processes and procedures more efficient.




tech

How to Equip Workers with Technology that Gives Them Superpowers with Keegan Trudgen

It is time again for KnowHow’s monthly Case Study! This month we learn how to equip workers with technology that gives them superpowers.




tech

How a College Dropout Became a Restoration Technology Leader

We bring you a new episode of Trade Talks: Unlocking The Experience with special guest Garret Gray, CEO of Next Gear Solutions and President of Insurance Solutions for CoreLogic.




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Lever360: Restoration Technical Institute & iRestore Restoration Management Software Unite

Lever360 has emerged to deliver innovation by combining the educational prowess of Restoration Technical Institute (RTI) with the comprehensive run-your-business system of iRestore, renowned for its restoration management software.




tech

Owners of SuperTech University Credit Success in Cleaning to Continuous Learning

In this episode of “TradeTalks: Unlocking The Experience”, R&R Publisher Mike Balzano talks with the Owners of SuperTech University and the creators and hosts of the Blue Collar Podcast, Eric Sprague and Larry Wilberton!





tech

Podcast Tan Hwee Pink - Improving The Quality Of Care For Elderly With Technology - Final 11.02.2020

Technology is playing an increasingly important role in improving the quality of care for the elderly, be it enhancing aged care patient experience, developing home-care for an ageing population, or automating clinical processes. Associate Professor Tan Hwee Pink from SMU’s School of Information Systems, together with his team, have extensive ground experience in developing and deploying senior-centric technologies, from previous research projects at SMU. They are now collaborating with NTUC Healthcare Co-operative Ltd, a key provider of community programmes for seniors in Singapore, to use smart technology to enhance the operational efficiency and productivity of NTUC Healthcare’s centres. In this podcast, he discusses the type of technologies deployed in the project with NTUC Healthcare, the preliminary results achieved, and the challenges faced.




tech

Rutgers University food science makes its PROCESS EXPO debut with food incubators, food industry trends and process technologies

The Food Processing Suppliers Association (FPSA) today announced the details of two sessions scheduled to make their debut at PROCESS EXPO 2015.




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2M Sustainable Packaging Technologies Earns Innovate UK Smart Grant

Partnering with WMG, University of Warwick, Sustainable Packaging Technologies will lead efforts to commercialize FlexSea’s seaweed biopolymer material.




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3 Ways Pharmaceutical Manufacturers Can Benefit from NIR Technology

For pharmaceutical manufacturers, measuring and controlling moisture content is critical to ensure product safety, quality and efficient production since the amount of moisture in deliverables can have diverse effects when converting feedstock into products such as tablets, capsules, gel or liquid-based products.




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ProMach Pharma Showcases Pharma and Biotech Systems at Interphex

ProMach brand Pharmaworks will debut their capability to handle new 100-percent recyclable, mono-material packaging films on their blister machines.




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Aptar Earns Acceptance to FDA's Emerging Technology Program for N-Sorb Solution

N-Sorb leverages Aptar CSP Technologies’ proven 3-Phase Activ-Polymer™ platform technology to address the pressing issue of N-nitrosamine impurities in pharmaceuticals.




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Stem in the Spotlight: Jessica Fischer, Parts and Service Manager, OMV Technologies, USA

Meet Jessica Fischer, Parts and Service Manager for OMV Technologies, USA.




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NFC labeling technology emerging in the flexible packaging industry

The gradual commercialization of Near Field Communication products show how companies like Thin Film Electronics (Thinfilm) are pushing the integration of electronic intelligence into everyday products such as packaging labels.




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Tetra Pak Expands Technical Training Center in Denton, Texas

With the improvements made, Tetra Pak aims to grow the capacity of its field force, enhance the customer experience and build competency through workforce development.




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ESS Technologies Set to Expand Operations in Montgomery County, VA

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.




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Schreiner ProTech Develops Smart Label Series RFID Capabilities

Recently adapted to suit industrial settings, the company’s Robust RFID-Labels ensure reliable, trackable connectivity for products across a broad set of high-leverage sectors, including electronic and automotive components.




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Buhler and Premier Tech Form Partnership

Swiss Bühler Group and Premier Tech from Canada announce the formation of a strategic cooperation for industrial flexible packaging solutions. Both will build a design and manufacturing center in China.




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Ink Technologies Growing Increasingly Sophisticated

Until recently, most pharmaceutical manufacturers would buy blister foils pre-printed with product names, dosage information, and branding and use a basic in-line printing or embossing system to add a batch code and expiry date to the blister in human-readable text.




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Systech selected by Praxis Packaging for Track and Trace solutions

Collaboration offers Praxis customers access to enhanced product tracing to meet compliance requirements such as the FDA-mandated DSCSA (Drug Supply Chain Security Act) regulation with a November 2024 enforcement deadline.




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Henkel opens Adhesive Technologies Technology Center in New Jersey

Facility showcases Henkel’s entire technology portfolio of adhesives, sealants, functional coatings and specialty materials and supports an environment for collaboration with customers from over 800 industry segments to develop innovative solutions.




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Six universities to present technical sessions at PROCESS EXPO 2015

The Food Processing Suppliers Association (FPSA) received six early commitments from university food science and packaging science programs that pledged to participate in educational sessions.




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Alternative processing technologies on program at PROCESS EXPO

The Food Processing Suppliers Association (FPSA) today released the details of four sessions of the educational program at PROCESS EXPO 2015 to be presented by speaker Dr. Tatiana Koutchma of the Agriculture and Agri-Food Canada (AAFC), Guelph Food Research Center and www.novelfoodsciences.com.




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Mirror Print Technology Used for Plant-Based Brand

A lidding solution from Chadwicks is producing four different designs printing using eight colors.




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ACTEGA, Makro Labelling Team Up to Support Market Adoption of Signite Technology

Signite® is a sustainable decoration technology which has been widely recognized by brand owners and the labelling industry as one of the most potentially transformative and progressive technologies to be developed in recent years.




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PODCAST | The Resurgence of RFID Technology

We recently sat down with Jay Parks of R.R. Donnelley to discuss why more and more retailers are requiring vendors to employ RFID labels.




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Why Form-Fill-Seal Technology for Ice Pack Production Is No Longer Up to Muster

Unlike conventional ice packs, which can cause uneven cooling with some areas becoming excessively cold while others remain warmer, Hydopac’s ice pack design ensures even temperature distribution, preserving the freshness and nutritional value of perishable products.




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ProMach Pharma to Display Packaging Technologies at PACK EXPO Las Vegas

ProMach Pharma provides best-in-class processing and packaging technologies that help customers maximize line efficiencies and product quality.




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High Tech Meets Simple Pleasures in the Snacks and Cereals Segments

In this story, we take a look at some of most recent announcements regarding the creation and adoption of new snack packaging materials.




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Muller Technology Launches Self-Contained COBOT Case Packer for Lids and Containers

The case packer can be purchased separately or integrated into an automation line.




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Technology is Revolutionizing Cartoning and Case Packing

Robotics and automation are changing the cartoning and case-packing landscape by providing faster packaging, taking up less space, improving workplace safety, and freeing up employees for other tasks.




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Ball releases report touting Eyeris printing technology for aluminum packaging

Eyeris® comes in nine vivid colors and adapts to various sizes and shapes of aluminum cans and impact extruded bottles, making it versatile for beverage, household and personal care products.




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New Technology Optimizes Coextrusion Films for Fresh Produce Packaging

NOVA Chemicals tested its ASTUTE™ plastomers against other blends and found it achieves higher oxygen transmission rates, clarity, and stiffness in breathable films, resulting in fresher food and reduced waste.




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Fresh Inset Improves Produce Packaging with Vidre+ Technology

Vidre+ is revolutionizing the supply chain seamlessly without any reorganization of current operating practices, by making every existing type of fresh produce packaging and label functional and adaptable into a smart version with adjustable protection against the negative effects of ethylene.




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MG Tech Unveils New Palletizer with Yaskawa Cobot and Rockwell Automation

Cobotics brings several advantages to palletizing: a small footprint on the ground, flexibility by the possible movement of the equipment, and easy start-up and use.




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Premier Tech’s New TOMA Product Line Marries Palletizing with Automation

The first product under the TOMA™ brand – and its underlying mindset – is a palletizing solution featuring the most advanced interface on the market, bringing together industrial robustness and user-friendliness with collaborative robotics.




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Key Technology Introduces New Conveying Systems for Robotic Pick-and-Place Packaging

Key manufactures conveyors and other equipment in both the U.S. and Europe, supports customers worldwide through its extensive sales and SupportPro service network and offers integration services, from pre-engineering to line start-up.




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Multi-Conveyor Helps Start-Up Distillery Transport Products Using Several Technologies

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




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Ammeraal Beltech to Showcase Belting Solutions at PACK EXPO 2024

Ammeraal Beltech is designing belts to meet the demands of smarter, faster, and highly precise operations.




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Technology Advances X-ray and Metal Detector Inspection Capabilities

With a metal detector, metals that have one or both conductive magnetic characteristics will create a detectable signal. Non-magnetic stainless steel is harder to pick up — it’s a bad conductor — and certain food products with added iron, moisture, salt and acids tend to mask metal detection. Known as the “product effect,” this can impact inspection performance.




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Yoran Imaging to Introduce Thermal Imaging Inspection & Data Capture Technology

The packaging solutions will be on display at Pack Expo Las Vegas Booth N-10942, September 11-13. 




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PODCAST | Factory Floor Space & Smart Sensor Technology

Michael Kundinger of Kundinger Inc. elaborates on several of the technologies that the company showcased at its booth at the recent Converters Expo.




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ProSpection Solutions to Debut X-Ray Technology at PACK EXPO 2024

The SXM2 Series X-Ray Inspection Systems are equipped with high-precision dual energy sensors and ARTIFICIAL INTELLIGENCE which allow processing of two overlapping images in one inspection.




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Giave, Novaflex to Showcase New Flexo Printing Technology at Labelexpo Americas

New Mid-Web flexo press without solvents for flexible packaging is suitable for indirect food contact, cosmetics, pharmaceuticals, shrink sleeve and in-mold labels, and can also be configured for folding cartons and paperboard.




tech

A kickstart look at the EURUSD, USDJPY and GBPUSD from a technical perspective

The USD is higher in trading today as the Trump trade continues. HIgher USD. Higher stocks. Bonds we don't know as the bond market is closed for Veterans Day today. Gold is lower but bitcoin in higher.

In this video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective.

EURUSD: The EURUSD fell below the swing lows from June between 1.0665 to 1.06705. That is below the low from last week at 1.06819. Staying below that area keeps the sellers in control. Absent a move above those levels and the buyers are not winning. ON the downside, the next support comes in at 2024 lows between 1.0600 to 1.06097.

USDJPY: The USDJPY has bounced higher and pushed to the 153.88 level. That level has helped to slow the run higher today. Recall from last week, the price did move above that level and ran to a high of 154.70 on the dollar buying after the Election before the corrective move lower (the price bottomed at the 100 bar MA on the 4-hour chart). So the pair is at a key technical level between support at the 100 bar MA on the 4-hour chart, and the high from last week at 154.70.

GBPUSD:The GBPUSD has seen more up-and-down momentum over the last few weeks of trading. It is trading near the low of that up and down range with 1.2832 to 1.2872 the swing area to get to and through to increase the bearish bias. On the topside gettting back above the low from 3 weeks ago comes in at 1.29065. That would need to be broken to give the buyers more confidence.

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




tech

USDJPY Technical Analysis – The US Dollar is back in the driving seat

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.

See the video below

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




tech

Bitcoin Technical Analysis – One of the top Trump trades explodes

Fundamental Overview

Bitcoin is now up almost 30% since the election day as the bullish momentum in the cryptocurrency exploded following Trump’s victory. This shouldn’t be surprising given that Trump vowed to make the US the crypto capital of the planet.

Moreover, it looks like the US economy continues not only to do well but also re-accelerating amid the Fed’s easing and the expectations of expansionary fiscal policies like tax cuts and deregulation.

Bitcoin, alongside Dogecoin and stocks like Tesla and Coinbase, have been the top beneficiaries of Trump’s victory given their direct connection to Trump. For now, there’s no real top in sight as we would likely need a contractionary monetary policy or a notable slowdown in the economy.

The risk going forward is the Fed. If the central bank starts to mention the need of more tightening, then we could see some big corrections in all risk assets. That day though looks to be at least a couple of months away for now.

Bitcoin Technical Analysis – Daily Timeframe

On the daily chart, we can see that Bitcoin is now trading near the 90K level. The 100K level is the natural target, something that has been talked about a lot. That doesn’t mean it cannot go any higher than that though. For now, it’s a momentum play and despite the obvious nervousness one can get seeing the euphoria in the air, there’s no negative catalyst in sight that could reverse the trend.

Bitcoin Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have an upward trendline defining the current bullish momentum. That’s now far away from the current price and it’s unlikely that we will see a pullback into it in the near term unless we get a very hot US CPI report tomorrow.

If we do get there though, the buyers will likely lean on it to position for a rally into new highs, while the sellers will look for a break lower to increase the bearish bets into the next major trendline around the 75K level.

Bitcoin Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have another minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely keep on leaning on it to position for further upside, while the sellers will look for a break lower to increase the bearish bets into the next trendline.

More aggressive buyers, might pile in already on the break of the recent high around the 90K level targeting the 100K level. 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.

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




tech

TSLA Stock Technical Analysis – Road to a new all-time high?

Fundamental Overview

TSLA is now up more than 40% since the election day as the bullish momentum in the stock exploded following Trump’s victory. This shouldn’t be surprising given that Elon Musk bet big on Trump and the market is now rewarding it.

It looks like the US economy continues not only to do well but also re-accelerating amid the Fed’s easing and the expectations of expansionary fiscal policies like tax cuts and deregulation. Moreover, the manufacturing cycle might be in the early innings of a growth phase, so those are all positive macro factors for the stock.

Tesla, like Coinbase, Bitcoin and Dogecoin, have been the top beneficiaries of Trump’s victory given their direct connection to Trump. For now, there’s no real top in sight as we would likely need a contractionary monetary policy or a notable slowdown in the economy.

The risk going forward is the Fed. If the central bank starts to mention the need of more tightening, then we could see some big corrections in all risk assets. That day though looks to be at least a couple of months away for now.

TSLA Stock Technical Analysis – Daily Timeframe

On the daily chart, we can see that TSLA broke above the resistance zone around the 270.00 level and exploded higher as Trump’s victory became clear. The stock is now trading around the 359.00 level in pre-market. The target should be the all-time high around the 414.50 level but that doesn’t mean it cannot break through and reach new highs.

TSLA Stock Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have an upward trendline defining the current bullish momentum. That’s now far away from the current price and it’s unlikely that we will see a pullback into it in the near term unless we get a very hot US CPI report tomorrow.

If we do get there though, the buyers will likely lean on it to position for a rally into new highs, while the sellers will look for a break lower and below the previous resistance now turned support to increase the bearish bets into new lows.

TSLA Stock Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have another minor upward trendline defining the bullish momentum on this timeframe. The buyers will likely keep on bidding the stock up with a defined risk below the trendline, while the sellers will look for a break lower to start targeting a pullback into the next trendline.

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.

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




tech

GBPUSD Technical Analysis – The US Dollar restarted its run

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.

On the GBP side, this morning we got the UK labour market report and although the data was mostly mixed, it leant more on the dovish side. Overall though, it didn’t change anything for the market or the BoE.

GBPUSD Technical Analysis – Daily Timeframe

On the daily chart, we can see that GBPUSD broke through the support zone around the 1.2840 level and extended the drop as more sellers piled in. The natural target should be the swing low at 1.2665 level. That’s where we can expect the buyers to step in with a defined risk below the level to position for a rally back into the 1.28 handle.

GBPUSD Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see more clearly the break of the support which was defining the range between the 1.2840 support and the 1.3040 resistance. If the price retests the support now turned resistance, we can expect the sellers to step in with a defined risk above the level to position for a drop into the 1.2665 level next. The buyers, on the other hand, will want to see the price breaking higher to position for a rally back into the 1.3040 resistance.

GBPUSD Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor downward trendline defining the current bearish momentum. The sellers will likely keep on leaning on it to position for new lows, while the buyers will look for a break higher to pile in for a rally into new highs. 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.

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




tech

What technical levels are in play to start the NA trading day for November 12

As the North American session begins, the bond traders return after a day off in observance of Veterans Day. Yields are higher to start their trading week with the 2 year up 6.5 basis points at 4.319% and the 10 year up 6.3 basis points at 4.371%. The 2 year yield has moved to a new high going back to July 31 today (4.336%). For the 10 year, it traded as high as 4.773% last week, but fell into Friday with the low reaching 4.558% before bouncing modestly on Friday. That upside has reached 4.64% today - off the low but below the high from last week.

Bitcoin moved to a high of $89,983 today - a new record - but has come off and trades at $86,430 currently. The low reached $85208 today in volatile trading.

Oil is higher after falling over 3% lower yesterday. The price is up 43% or 0.64% at $68.52 currently. The high reached $68.76 and a low at $67.78.

Gold is down another $11 or -.045% at $2607.28. The low reached $2589.80 before bouncing.

In the US stock market, the major indices are marginally higher after record closes across the three major indices. The Russell 2000 which has not reached a high since July 2021 got within shouting distance of it record at 2437.08. The high yesterday reached 2441.72. The Dow futures are imploring a gain of 78 points. The S&P is up 1.65 points and the Nasdaq index is now up 7.91 points.

There will be several Fed speakers today with Governor Waller, Minneapolis Fed Pres. Kashkari, Philadelphia Fed Pres. Parker, and Richmond Fed Pres. Barkin all scheduled to speak

ECB policymaker Olli Rehn emphasized that while the direction of the ECB’s monetary policy is clear, the pace of any changes will be data-dependent. The economic outlook, impacted by a struggling manufacturing sector, has deteriorated. Rehn suggested that if disinflation continues, it could support additional rate cuts, with the ECB potentially moving away from restrictive policy territory by spring 2025. He warned against protectionism, noting that tariffs would have a medium-to-long-term impact and are inherently inflationary. With growth in the euro area expected to remain sluggish and downside risks prevalent, Rehn awaits the December projections for a clearer assessment of the economic landscape.

EURUSD: The selling in the EURUSD continue as a less friendly US with Pres. Elect Trump, spell slower growth with increased tariffs the concern. Technically, the price initially moved higher in the Asian session but found willing sellers near the low of the swing area between 1.0663 and 1.06703. That was swing lows in June 2024. Staying below kept the sellers in control, and they pushed lower. The price has since moved down to a low of 1.0606 which tests the lows from April when a series of swing lows bottomed the pair. Those levels are also the lows for the year (going back to October 2023).

USDJPY: The USDJPY rose yesterday and then stalled in the US session between 153.59 to 153.88 (swing area). Recall, the 153.88 level was a swing high from July 31. The highs from October 28 and October 29 was at 153.88 too. Today, the price moved lower and below the swing area low, BUT found support at the 61.8% of the move down from the July high. That level comes in at 153.397. Going forward, that hold increases that technical levels importance as support. Move below would increase the bearish bias in the short term at least.

On the topside, the price has now moved back above the 153.88 level (bullish). If the price can stay above that level now, that would be the most bullish technical scenario as buyers show their strength on the break. On the topside, the 154.54 up to 155.09 would be the next target area to stretch towards. Get above that area over time, and it adds to the bullish bias. Buyers making a play. Can they keep the momentum going?

GBPUSD:The GBPUSD fell below the lows from the last 2 weeks (last week low was at 1.28329) and sellers jumped, pushing the price through the 200 day MA at 1.28178. The breaks are more bearish and the low price reached 1.27915 and has bounced. The price has traded above and below the 200-day MA at 1.28179, but has so far stayed below the low from last week at 1.28329. If the price moves back above that level and momentum back to the upside is able to get above 1.2844 and the 50% of the move up from the April low at 1.2866, the buyers are showing some strength and the sellers will start worrying about the failures more and more. Conversely, if the price can stay below the 1.2832 and 1.2844 that keeps the sellers confidence high, but gettng below the 200-day MA is still required again. The price is currently trading near the 200-day MA but remains below 1.28329.

USDCHF: The USDCHF extended above the 200 day MA at 0.88176 and also a swing area from 0.88187 to 0.8825. That was a bullish move and the price moved to a high of 0.88303 but failed. The price is back below the 200 day MA and swing area. The price is trading near 0.8800 (0.8802 is the low). ON the downside the 50% is at 0.87986. If that is broken, then the swing area, the 200 day MA and the 50% failed. That should give buyers cause for pause as the buyers had their shot, and they missed. But the price still needs to get below 50%.

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