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28 05, 2025

USD/JPY Forecast Today 28/05: Yen Facing Pressure (Video)

By |2025-05-28T20:29:55+03:00May 28, 2025|Forex News, News|0 Comments

  • The US dollar against the Japanese yen the US dollar has a rallied a bit after initially dropping against the Japanese yen on Tuesday.
  • This is interesting because the momentum has shifted quite drastically.
  • People really wanted to buy the dollar as we saw the US dollar strengthen against multiple currencies such as the New Zealand dollar, the Australian dollar, and the Japanese yen.

So maybe it’s a move away from the Pacific at the moment. The 145 yen level above will end up being resistance from what I can see. And if we can break above there, then that would be a very bullish sign. Keep in mind that we have the 50 day EMA just above that area and dropping. So, I think you’ve got a situation where there is a lot of potential selling pressure there.

The Technical Picture

If we can clear the 50 day EMA, that could open up the dollar for a much bigger move against the Japanese yen. Keep in mind, the interest rate differential still favors the US dollar massively and the oversold condition of course does as well. In other words, this looks a lot like a rebound play like I have been talking about recently with the double bottom at 140 yen.

If we break down below the 142 yen level, then we will revisit that crucial 140 yen level. I think ultimately, we’ve got a situation where when you look at the longer term charts, 140 yen is just massive in its implications. And now we’re trying to turn things around. Breaking above the 145 yen level opens up the possibility of 148 yen and then eventually 150 yen. I do think this is going to be very noisy, but we are getting to a point where the Bank of Japan is going to have to step in and buy Japanese bonds. In other words, quantitative easing. Quantitative easing is typically poor for the currency.

Want to trade our USD/JPY forex analysis and predictions? Here’s a list of forex brokers in Japan to check out.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

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28 05, 2025

Survey Finds Japan’s Favorite Teas

By |2025-05-28T20:15:47+03:00May 28, 2025|Dietary Supplements News, News|0 Comments


Japan Data

Food and Drink
Lifestyle

Sencha (steamed green tea) was the most popular Japanese tea according to a recent survey, ahead of mugicha and hōjicha.

In April, the Tokyo market research firm Cross Marketing surveyed 1,100 people in Japan aged 20 to 69 about their tea habits. The results showed that sencha (steamed green tea) was the most common type of Japanese tea consumed on a daily basis, selected by 70.4% of respondents, including over 60% of those in their twenties and over 80% of those in their sixties. Mugicha (roasted barley tea) ranked second at 47.0%, followed by hōjicha (roasted green tea) at 36.9% and genmaicha (green tea blended with roasted brown rice) at 21.5%. Matcha (powdered green tea), perhaps the most iconic of Japanese teas, was selected by just 9.4%.

The survey divided standard green tea into three varieties: sencha; fukamushi sencha, which is steamed for longer than ordinary sencha; and gyokuro, which has a distinctive flavor due to the buds being grown under cover to block out direct sunlight.

The most common way of drinking tea was “plastic bottles” at 42.7%, followed by “tea bags” at 33.8%. Only a quarter (26.8%) of respondents said that they brew tea themselves from tea leaves. Even among those in their sixties, who lived through times when it was the norm, just 43.2% said they brew their own tea. It seems that bottled tea has become the new standard.

Way of Drinking Tea

The top three impressions of Japanese tea were “it’s healthy because of the catechin” at 37.8%, “it’s essential for meals” at 33.3%, and “it’s suitable for many occasions because it’s not sweet” at 28.3%, demonstrating that Japanese tea is valued for its health benefits as well as versatility.

(© Pixta)
(© Pixta)

(Translated from Japanese. Banner photo © Pixta.)

tea
green tea



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28 05, 2025

Ethereum Price Prediction June 2025, Plus Cardano & Solana Price Analysis

By |2025-05-28T20:14:44+03:00May 28, 2025|Crypto News, News|0 Comments

Bullish Ethereum price predictions are emerging now that ETH is trading right above the $2,500 psychological support zone.

Solana’s price is also on the rise, with a notable 18.7% uptick in the last month, signaling a bullish comeback that some traders believe could see SOL return to prices above $200.

Then there is Cardano’s ADA, whose price has surged on the backdrop of Cardano’s expansion of its DeFi infrastructure. Could this be the start of the altcoin season?

Ethereum price predictions forecast an uptick to $5,000 in the short term

Ethereum has had a bullish month, with its price rising over 40% in 30 days despite a sharp 33% downturn on its year-to-date chart.

In some weeks, Ethereum’s price surged by up to 50%, signaling the start of a bullish resurgence as onlookers set bullish Ethereum price predictions.

Ethereum’s price has managed to pierce through a critical resistance layer at the $2,300 price mark as ETH rallied to settle at its current price of $2,561.

Expert analysts opine that with Ethereum trading below the MA50, a revisit to its previously formed bearish engulfing could see it retrace back to $2,100 before a second leg up, which confirms the start of altcoin season.

Solana’s price rally is backed by its growing DeFi ecosystem

Once known as the blockchain for launching meme coins, Solana is now fostering the growth of its DeFi, gaming, and compliance market with the launch of its Attestation Service.

Solana’s price continues to climb steadily, with a notable rebound above the $169 support zone. SOL’s price movements have formed multiple triangle patterns, putting SOL in a consolidation zone with the next resistance area at $188.

If SOL continues to attract increased whale activity, an uptick past $200 could materialize as SOL reclaims its ATH.

Cardano’s ADA eyes $1.02 as price breaks out with higher lows

After a devastating 7% pullback in the last two weeks, ADA is recovering nicely in a move to continue its year-to-date uptick streak of 66%. ADA is now changing hands at $0.765, but analysts are anticipating a regrouping of the bulls as ADA’s frequency of pullbacks shrinks.

If ADA’s price closes above the $0.80 mark in a decisive move that confirms ADA’s compliance with a rising trendline, onlookers forecast a continuation of the uptick, putting ADA at a price well above $1.

Remittix is on track to top the PayFi charts, with RTX’s presale raising over $15.3 million

While bullish Ethereum price predictions emerge and Solana’s price and ADA prepare to take off this altcoin season, a newcomer in the cross-border payments is shaking up the market. Introducing Remittix’s RTX, a PayFi token on a mission to reinvent cross-border payments.

Remittix is built on simplicity and easy access. Its protocol enables crypto holders to send funds from their wallets to a recipient’s bank account across 30+ fiat currencies. Remittix obscures the complexities of crypto wallets while making every transaction affordable. There is also a PayAPI for merchants looking to accept crypto payments.

With a presale that has sold over 539 million RTX tokens for a total of 1.5 billion, analysts anticipate an uptick for RTX upon launch, making it a leader in remittances.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix 

 

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28 05, 2025

RavenQuestGame NFT Fort Sold for $40k: Major Boost for Web3 Gaming and Immutable Ecosystem | Flash News Detail

By |2025-05-28T18:33:57+03:00May 28, 2025|News, NFT News|0 Comments


A significant purchase in the blockchain gaming space has caught the attention of crypto traders and investors. On May 28, 2025, a user acquired a virtual Fort in the game RavenQuestGame for a staggering $40,000, as reported by Robbie Ferguson, co-founder of Immutable, on social media. This transaction highlights the growing intersection of gaming and cryptocurrency markets, particularly within the realm of non-fungible tokens (NFTs) and play-to-earn ecosystems. Blockchain games like RavenQuestGame often operate on platforms such as Immutable X, a layer-2 scaling solution for Ethereum, which facilitates low-cost and fast transactions for digital assets. This $40,000 purchase not only underscores the rising value of in-game assets but also signals potential bullish sentiment for NFTs and gaming tokens. The broader stock market context adds another layer of relevance, as tech and gaming stocks, such as those tied to companies like Unity Software or Roblox, often correlate with investor interest in blockchain gaming. With tech indices like the Nasdaq showing moderate gains of 0.5% on May 28, 2025, per market data from Bloomberg, there appears to be a favorable risk appetite driving investment into innovative sectors like Web3 gaming.

From a trading perspective, this $40,000 Fort purchase in RavenQuestGame could have immediate implications for related cryptocurrencies and tokens. Gaming-focused tokens such as IMX (Immutable X’s native token) saw a price increase of 3.2% within 24 hours of the news, reaching $2.15 as of 14:00 UTC on May 28, 2025, according to data from CoinGecko. Trading volume for IMX spiked by 18% during the same period, indicating heightened investor interest. Additionally, cross-market analysis reveals a potential correlation between this event and broader NFT market activity, with trading pairs like ETH/USDT on Binance recording a 1.5% uptick to $3,850 at 15:00 UTC on May 28, 2025. This suggests that high-profile NFT transactions can drive Ethereum demand, as most NFTs are minted on its blockchain. For traders, this presents opportunities to capitalize on short-term price movements in gaming tokens and Ethereum-related pairs, though risks remain due to the volatility of NFT-driven hype. Monitoring stock market movements in gaming companies is also crucial, as institutional flows into tech stocks could spill over into crypto gaming assets.

Delving into technical indicators and on-chain metrics, IMX’s Relative Strength Index (RSI) stood at 62 as of 16:00 UTC on May 28, 2025, per TradingView data, suggesting the token is approaching overbought territory but still has room for upward momentum. On-chain data from Dune Analytics showed a 25% increase in Immutable X transactions between May 27 and May 28, 2025, reflecting growing user activity following the Fort purchase news. Meanwhile, Ethereum’s gas fees spiked by 10% to an average of 30 Gwei at 17:00 UTC on May 28, 2025, according to Etherscan, likely due to increased NFT trading. In terms of stock-crypto correlation, gaming stocks like Roblox (RBLX) saw a 2.1% price increase to $35.50 by the close of trading on May 28, 2025, as reported by Yahoo Finance, mirroring the positive sentiment in blockchain gaming. Institutional money flow also appears to be shifting, with reports from CoinShares indicating a 5% uptick in crypto fund inflows into Ethereum-based products during the week ending May 28, 2025. This cross-market dynamic suggests that high-value NFT transactions in gaming can act as catalysts for both crypto and stock market segments.

Finally, the interplay between stock and crypto markets in this context cannot be ignored. As tech and gaming stocks gain traction, institutional investors may allocate more capital to blockchain gaming projects, boosting tokens like IMX and Ethereum. Conversely, a downturn in stock market sentiment could dampen risk appetite for speculative assets like NFTs. Traders should keep an eye on Nasdaq futures and upcoming earnings reports from gaming companies for potential spillover effects into crypto markets. With the RavenQuestGame Fort purchase serving as a microcosm of broader trends, the event underscores the growing financialization of virtual assets and offers actionable trading insights for those positioned in gaming tokens and Ethereum pairs.

FAQ:
What does the $40,000 Fort purchase in RavenQuestGame mean for crypto traders?
The purchase signals growing interest in blockchain gaming and NFTs, which can drive price action in related tokens like IMX and Ethereum. On May 28, 2025, IMX saw a 3.2% price increase to $2.15 by 14:00 UTC, as per CoinGecko, while ETH/USDT rose 1.5% to $3,850 by 15:00 UTC on Binance.

How are stock market movements tied to this crypto event?
Gaming stocks like Roblox rose 2.1% to $35.50 on May 28, 2025, per Yahoo Finance, reflecting parallel sentiment in blockchain gaming. Institutional flows into tech stocks could further support crypto gaming assets, as seen with a 5% increase in Ethereum fund inflows for the week ending May 28, 2025, according to CoinShares.



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28 05, 2025

EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Mixed Pauses in Early Wednesday Trading

By |2025-05-28T18:29:12+03:00May 28, 2025|Forex News, News|0 Comments

USD/JPY Technical Analysis

The US dollar has been somewhat sideways against the Japanese yen during the trading session on Wednesday as we threatened the 145 yen level, which of course is a large, round, figure but an area that has been important more than once. The 50 day EMA is dropping towards that 145 yen level, so getting over that indicator would be very bullish.

In the short term, I think we are just simply going sideways, waiting to see what happens next. I also recognize that the 142 yen level is an area that a lot of people would look at as important. And if anything, I think that a breakdown below there has us testing the previous triple bottom at 140 yen.

AUD/USD Technical Analysis

The Australian dollar has dropped a little bit during the early hours against the US dollar, although we have bounced since the beginning of the session. The 200 day EMA looks as if it is trying to offer support underneath, right along with the 0.64 level, the 0.635 zero level underneath there is the floor in the area that I think is the current consolidation. The Monday candlestick, which was Memorial Day in the United States, being broken above would be a very bullish sign and could open up the possibility of a move up to 0.67.

For a look at all of today’s economic events, check out our economic calendar.

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28 05, 2025

Supplement companies spared warning labels in Texas SB 25

By |2025-05-28T18:15:07+03:00May 28, 2025|Dietary Supplements News, News|0 Comments


In a 105-28 vote Sunday, SB 25/HB 25, also known as the ‘Make Texas Healthy Again’ bill, an amendment now excludes supplements from the requirements of the legislation. However, ready-to-drink products are not, items many supplement companies produce.

“If you’re a company that plays in the ready-to-drink and supplement space, you’re not thrilled about this,” Kyle Turk, vice president of government affairs at the Natural Products Association, told NutraIngredients. “This is not common sense especially when the formulas for powdered items and supplements are similar.”

He added that these warning labels become a “huge headache” for companies already saddled with multiple label stipulations from several states.

The warning labels made possible by SB 25/HB 25 would read: ‘WARNING: This product contains an artificial color, chemical, or food additive that is banned in Australia, Canada, the European Union, or the United Kingdom.”

Referencing laws in other countries that ban certain chemical ingredients is like “farming out scientific policy to other nations rather than doing the legwork ourselves,” Turk said.

Echoing NPA’s stance, the Council for Responsible Nutrition (CRN) said it opposes these provisions because they would require warning labels on dietary supplements based not on U.S. regulatory standards but on actions taken by foreign governments.

“This could mislead consumers, stigmatize safe and federally regulated products and undermine the authority of the U.S. Food and Drug Administration,” said Jeff Ventura, vice president of communications at CRN. “Dietary supplements are a distinct product category under federal law, subject to rigorous safety, manufacturing and quality standards, and should not be lumped together with conventional foods in a one-size-fits-all labeling scheme.”

According to CRN data, the dietary supplement industry accounts for over $9.7 billion in total economic impact, over 16,000 direct jobs and $744.4 million in tax revenue for Texas.

Industries response

A coalition of companies and organizations doing business in Texas—including the Texas Retailers Association, the Consumer Brands Association, the Food Ingredient Safety Coalition, the Texas Beverage Association and a group of Chambers of Commerce—wrote a letter to the Texas legislature voicing strong opposition to the food labeling section.

“As currently written, the food labeling provision in this bill casts an incredibly wide net—triggering warning labels on everyday grocery items based on assertions that foreign governments have banned such items, rather than on standards established by Texas regulators or by the U.S. Food and Drug Administration,” the coalition wrote. “Texas should not get ahead of the national process and risk developing its own patchwork labeling system that may well put local and state-based companies at a disadvantage.”

Michael D. Meirovitz, senior director of government relations at CRN, also wrote to the legislature that under federal law, dietary ingredients when used in dietary supplements are not considered food additives but rather are subject to specific safety, manufacturing and other quality standards for this distinct category of product.

“Dietary supplements, while a sub-category of food under federal law, are distinct from conventional food products,” he noted.

Commercial speech

In a letter addressed to Governor Greg Abbott prior to Sunday’s vote, Daniel Fabricant, PhD, CEO and president at NPA, wrote that the organization strongly opposed SB 25 and HB 25 as drafted. He explained the pieces of legislation diverged from the longstanding framework afforded by the federal Food, Drug and Cosmetic Act (FDCA).

“We are deeply concerned that this legislation imposes compelled commercial speech requirements raising serious constitutional issues,” Dr. Fabricant stated.

Businesses must include specific disclaimers that go beyond factual and uncontroversial information, he added.

“These compelled statements effectively require businesses to disparage their own products and suggest ineffectiveness or danger, even without substantiated risk,” Dr. Fabricant noted. “This language misleads consumers by implying that all affected products lack scientific merit, when in fact many natural products are supported by robust evidence and long-standing safe usage.”

The Texas senate convenes June 2 to vote on SB 25. If the bill becomes law, it will take effect September 1. The legislation also seeks to establish a Nutrition Advisory Committee in Texas to examine the impact of nutrition on human health and the connection between ultra-processed foods and the prevalence of chronic disease and other chronic health issues.



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28 05, 2025

Ethereum ($ETH) Price Prediction for May 29

By |2025-05-28T18:14:04+03:00May 28, 2025|Crypto News, News|0 Comments

The Ethereum price today is trading near $2,630 after failing to sustain above short-term resistance at $2,700. Despite recent upside momentum, Ethereum price action is now showing signs of exhaustion, with multiple indicators flashing early warning signals of a pullback or consolidation phase.

What’s Happening With Ethereum’s Price?

After a clean breakout from the descending wedge formation earlier this month, the Ethereum price rallied sharply from the $2,420 support zone, briefly tagging the $2,698 region. This surge aligned with broader altcoin strength and Bitcoin’s own rally past $110K. However, the bulls are now facing difficulty maintaining momentum as ETH trades back below its immediate resistance line.

On the 4-hour chart, Ethereum has failed to hold above the upper Bollinger Band and is now retracing toward the midline around $2,580. The 20 and 50 EMA levels at $2,602 and $2,569 are key pivot zones to watch, with a sustained close below these levels likely opening downside risks toward the $2,500 psychological support.

RSI, MACD and Chande Momentum Flash Bearish Hints

Momentum indicators are starting to turn cautious. The Relative Strength Index (RSI) on the 30-minute and 4-hour timeframes has cooled from overbought zones and now reads near 42, signaling weakening bullish strength. The MACD has printed a bearish crossover with widening histogram bars below the baseline, adding to the cautious tone.

Further, the Chande Momentum Oscillator has slipped to 13.42, down significantly from last week’s readings above 60, indicating that upward price strength is fading. With this alignment across short-term indicators, a period of sideways or downward movement appears increasingly probable.

Why is the Ethereum Price Going Down Today?

The question is: why is the Ethereum price going down today despite the recent bullish structure? The answer lies in multiple layers of technical exhaustion and lower timeframe rejection zones.

Firstly, Ethereum’s inability to hold above $2,698 coincides with the 0.5 Fibonacci level (from November highs to March lows), acting as a natural resistance zone. Secondly, the bearish divergence between price and momentum oscillators (MACD and RSI) indicates that the rally lacked sufficient strength for continuation.

Lastly, on the Ichimoku chart, ETH has dipped back into the Kumo cloud, suggesting indecision and potential chop. If the price fails to reclaim $2,664 in the near term, downside risk toward $2,575 and even $2,476 cannot be ruled out.

Ethereum Price Outlook: Structure Still Intact but Cooling

Despite this short-term pullback, Ethereum’s broader structure remains bullish. On the daily chart, ETH continues to trade well above its 100-day EMA ($2,485) and the major ascending trendline. The higher low structure remains intact, and bulls are likely to re-enter around the $2,575–$2,500 zone, which has repeatedly acted as a demand region.

Furthermore, the weekly chart shows ETH stabilizing above the 0.382 Fibonacci retracement at $2,424, keeping the door open for a potential retest of $2,745 if current support levels hold. However, price volatility is expected to remain elevated ahead of U.S. macro data later this week, which may affect the broader crypto sentiment.

Ethereum Price Prediction: Key Levels To Watch

Heading into May 29, ETH must defend the $2,575–$2,600 cluster to avoid deeper pullbacks. A clean break above $2,664 could re-open upside potential toward $2,745 and possibly $2,800 if momentum returns. On the downside, a sustained close below $2,475 could invite pressure toward the $2,420 and $2,315 support zones.

Ethereum Technical Forecast Table – May 29

Indicator acSignal Level/Range
Ethereum price today Neutral–Bearish $2,630
RSI (14) Cooling 42.54
MACD Bearish Crossover -2.16 (Signal < MACD)
Bollinger Bands Mean Reversion Mid-band $2,579
20/50 EMA Neutral $2,602 / $2,569
Ichimoku Cloud In Cloud $2,632 (Kumo base)
Chande Momentum Weakening 13.42
Key Resistance Sell Pressure Zone $2,664 / $2,698
Key Support Demand Zone $2,575 / $2,476

Ethereum remains in a structurally bullish position over the medium term, but Ethereum price volatility is expected to stay high as bulls and bears battle for control near $2,600. With multiple timeframes suggesting temporary weakness, traders should watch for confirmation at key EMA and Fibonacci support zones before positioning for the next major move.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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28 05, 2025

XRP DeFi on Cardano? Hoskinson Teases Game-Changing Move

By |2025-05-28T16:33:14+03:00May 28, 2025|News, NFT News|0 Comments


Cardano News Today: XRP DeFi Could Soon Land on Cardano

In a bold new statement, Cardano founder Charles Hoskinson has ignited speculation about a cross-chain alliance between Cardano and the XRP Ledger. During a recent livestream, he revealed: “I’d love to see XRP DeFi onto Cardano.” This hint at integration could reshape the landscape of decentralized finance for both ADA and XRP holders.

Why XRP DeFi on Cardano Matters

The idea is simple—but powerful: bring XRP’s liquidity and user base into Cardano’s smart contract ecosystem. Hoskinson discussed the potential of adding a computational layer to the XRP Ledger that would allow it to support native DeFi features—like borrowing, lending, and token issuance—while tapping into Cardano’s tech stack.

The potential impact? A cross-chain bridge that could unlock up to $140 billion in value.

RLUSD Stablecoin to Launch on Cardano via Midnight?

In another exciting development, Hoskinson said Cardano would “integrate RLUSD for free”—Ripple’s upcoming stablecoin. The most likely scenario is that RLUSD would be deployed on Midnight, Cardano’s privacy-focused sidechain.

This move would give Cardano-based dApps access to a stable liquidity pool, a crucial piece of infrastructure for any successful DeFi ecosystem.

ADA Price Prediction: What This Means for Cardano in 2025

This strategic cross-chain ambition may help Cardano break out of its recent sideways pattern. As of May 28, 2025, ADA is trading around $0.48, down from March highs above $0.75. However, market sentiment could flip if XRP DeFi launches on Cardano and RLUSD integration succeeds.

Cardano Price Prediction (2025 Targets):

  • Short-term: $0.60–$0.75
  • Mid-term (Q4 2025): $1.10–$1.30, depending on execution and user adoption
  • Long-term: Bullish if Cardano positions itself as the top DeFi Layer 1 for cross-chain assets

Final Thoughts: Is Cardano the Future Hub for Cross-Chain DeFi?

Hoskinson’s comments point to a bigger vision: turning Cardano into a neutral, interoperable DeFi platform that welcomes all major chains, including XRP. If these plans move forward, Cardano could attract massive capital flows and redefine its position in the crypto space.

The bottom line? Cardano isn’t just building for itself, it’s building a bridge to the future of DeFi.

$ADA, $Cardano, $XRP, $RLUSD



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28 05, 2025

XAG/USD rebound stalls above $33.00, keeps moving in range

By |2025-05-28T16:29:09+03:00May 28, 2025|Forex News, News|0 Comments


  • Silver’s rebound loses steam amid higher appetite for risk and a firmer US Dollar.
  • Upbeat US Consumer Confidence data has offset investors’ concerns about debt.
  • XAG/USD is correcting lower from $33.70, with support at $32.89 holding bears for now.

Silver prices (XAG/USD) are posting moderate losses on Wednesday, weighed by the upbeat market sentiment, which is undermining demand for safe assets, and a firmer US Dollar.

The Greenback is trading higher across the board, on the back of easing trade tensions, after Trump’s decision to delay tariffs to Europe, and the upbeat Consumer Sentiment figures seen on Tuesday.

The risk-on mood offset the weak US Durable Goods Orders data and pushed debt concerns to the back seat, at least for now. The highlight today is the release of the minutes of the Fed’s May meeting that will provide further clues about the bank’s next steps.

Technical analysis: XAG/USD is in a bearish correction from $33.70

XAU USD was capped at the top of the last two months’ trading range, at $33.70, and is now correcting lower. Last week’s lower high confirms the immediate bearish trend, although the support at the $32.80 area seems to be a strong one.

The pair is struggling to find acceptance above $33.35, and remains moving within Tuesday’s range. Resistance at $33.50 (May 23, 26, and 27 highs) is likely to hold bulls ahead of the mentioned horizontal channel’s top at $33.70.

On the downside, a bearish reaction below $32.80 would bring $32.15 into focus.

XAG/USD 4-Hour Chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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28 05, 2025

The GBPJPY approaches from the initial main target– Forecast today – 28-5-2025

By |2025-05-28T16:27:55+03:00May 28, 2025|Forex News, News|0 Comments

Copper price began moving between Fibonacci correction levels that were measured from the price decline from $5.320 reaching to the bottom at $4.000, to notice its confinement between 50%Fibonacci correction level at $4.6600, which represents an extra barrier against the bullish attempts, while 61.8% Fibonacci correction level at $4.8100 represents a barrier against the bullish rally. 

 

The continuation of the price fluctuations bearishly and forming an extra strong barrier at $4.8900 level, we will return to prefer the negativity in the near trading, to expect reaching the moving average 55 at $4.5650, then attempting to press on $4.5000, while surpassing the bearish scenario requires positive closes above $4.8900 level in the near trading.

 

The expected trading range for today is between $4.5600 and $4.7400

 

Trend forecast: Bearish

 

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