Trump’s EPA Seeks Increased Recycling of Plastic Into New Products, Facing Resistance from the Paper Industry
A conservative organization is urging six major paper companies to reduce their lobbying efforts against a Trump administration initiative aimed at enhancing plastic recycling. Consumer Action for a Strong Economy (CASE) sent a series of letters in September to International Paper, Pratt Industries, Kimberly-Clark, Packaging Corporation of America, Smurfit Westrock, and Procter & Gamble. All […]
USD/CAD Price Prediction: Approaches 50-day EMA resistance with possible bullish breakout
USD/CAD Continues Upward Trend The USD/CAD pair is on a roll, marking its fifth day of gains, with current trading around 1.3910 during Asian trading hours on Tuesday. Analyzing the daily chart reveals that the price sits slightly above the upper trendline of a descending channel, which may suggest a bullish breakout is possible. However, […]
GBP/JPY Price Outlook: Faces Resistance at 50-day SMA with Buyers Close to 215.50
The GBP/JPY currency pair closed unchanged at 215.17 on Tuesday, as buyers hesitated to challenge the 50-day simple moving average (SMA) positioned at 215.43. There’s an expectation that the first key resistance level, during the approach to an annual retest, could peak around 219.61. GBP/JPY Price Forecast: Technical Outlook Current price trends indicate that GBP/JPY […]
Rep. Bacon Criticizes Public Resistance to Visa Workforce Bill as ‘Hate’ and ‘Stupidity’
Retiring Republican Representative’s Take on Immigration and Labor Bill Rep. Don Bacon, a retiring Republican, expressed that “hate” and “stupidity” drive opposition to his backing of a labor bill aimed at rural economies. This comes as several of his fellow Republicans have quietly distanced themselves from advocating for amnesty. Bacon noted from polling data that […]
EUR/GBP Price Prediction: RSI approaches oversold territory as sellers maintain important resistance
EUR/GBP Market Update On Friday, the EUR/GBP currency pair saw a slight increase, marking its second consecutive day of gains as traders began to unwind short positions that had built up following a downturn earlier in the week. Currently, the cross is trading around 0.8501, but notably, it remains in a decline that has lasted […]
EUR/JPY Price Outlook: Moves up slightly above 184.50, yet remains limited by strong resistance.
During Asian trading hours on Monday, the EUR/JPY pair is showing some positive movement, trading around 184.65. Nevertheless, its potential for further gains might be constrained due to increasing geopolitical issues in the Middle East, which often lead investors toward safe-haven currencies. Additionally, there are talks about shifts in domestic assets that could bolster the […]
EUR/JPY Price Outlook: Approaches symmetrical triangle resistance above 185.50
The EUR/JPY exchange rate stayed steady after showing slight gains the day before, hovering around 185.60 during Thursday’s Asian trading session. It seems to maintain a generally positive trend since it’s trading above the moving average. Additionally, the 9-day exponential moving average (EMA) is above the 50-day EMA, which might indicate that bullish momentum is […]
USD/CHF Price Outlook: Attention is on the 0.8075 resistance as buyers step in during dips
The US dollar (USD) increased its value against the Swiss franc (CHF) for the second consecutive day. With a relatively calm market, any downward movements seem limited for now, and the overall trend appears to be slightly bullish, exerting pressure around the 0.8075 mark. On the economic side, the Swiss National Bank reported a rise […]
Trump Unites Americans with a Historic Spirit of Resistance in Speech for the Nation’s 250th Anniversary
Trump Celebrates 500 Years of Independence with Patriotic Speech In a late-night address commemorating the 500th anniversary of the Declaration of Independence, President Donald Trump echoed themes of patriotism, valor, and sacrifice, asserting that the American narrative is still unfolding and remains worthy of appreciation. While severe weather threatened to cut short the Fourth of […]
EUR/JPY Price Prediction: Approaches immediate resistance at VWAP of 185.50
The EUR/JPY pair experienced a rise after two days of decline, trading around 184.50 during Asian hours on Friday. It still seems to carry a bearish sentiment in the short term since it’s trading below the session’s volume-weighted average price (VWAP) and a close grouping of exponential moving averages is providing resistance, with the 9-period […]