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21 02, 2025

DOGE Price Prediction for February 21

By |2025-02-21T18:42:06+02:00February 21, 2025|Crypto News, News|0 Comments

The market continues rising today, according to CoinStats.

DOGE chart by CoinStats

DOGE/USD

The rate of DOGE has increased by 2.36% since yesterday.

Article image
Image by TradingView

On the hourly chart, the price of DOGE is returning to the local resistance of $0.2613. If the daily bar closes around that mark, one can expect a level breakout, followed by a further rise to the $0.2650 zone.

Article image
Image by TradingView

On the bigger time frame, one should pay attention to the bar closure in terms of the nearest level of $0.2598. If the candle closes above it and with no long wick, there is a chance to see a test of the $0.27 area.

Article image
Image by TradingView

From the midterm point of view, the rate of DOGE is far from the key levels. The volume keeps going down, confirming the absence of buyers’ and sellers’ power.

Related

Ethereum (ETH) Price Prediction for February 20

All in all, sideways trading around the current prices is the more likely scenario.

DOGE is trading at $0.2597 at press time.

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21 02, 2025

XAG/USD struggles around $33.00 as Fed officials guide restrictive policy stance

By |2025-02-21T17:06:48+02:00February 21, 2025|Forex News, News|0 Comments


  • Silver price faces pressure above $33 as Fed policymakers see interest rates remaining in the current range of 4.25%-4.50%.
  • Fed officials struggle to gauge the impact of Trump’s economic agenda on the economy.
  • The broader outlook of the Silver price remains firm amid Trump’s tariff agenda.

Silver price (XAG/USD) faces selling pressure above the key level of $33.00 in North American trading hours on Friday. The white metal drops as the US Dollar (USD) gains, with Federal Reserve (Fed) officials continuing to guide a restrictive monetary policy stance. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, advances to near 106.75.

On Thursday, Fed Governor Adriana Kugler said that the central bank should keep borrowing rates “in place” for “some time,” noting the net effect of new economic policies by United States (US) President Donald Trump is “highly uncertain” and will depend on the “specifics.”

The scenario of the Fed maintaining a restrictive interest rate stance bodes poorly for precious metals such as Silver price.

Meanwhile, fears of President Trump’s tariff agenda would keep the Silver price on the frontfoot. On Thursday, Trump announced that he could impose tariffs on lumber and forest products, cars, pharmaceuticals, and semiconductors over the next month or sooner. Market participants expect Trump’s tariff agenda will lead to a global economic slowdown.

Investors are also focusing on development in Russia-US talks to end the war in Ukraine. This week, Donald Trump agreed to hold more talks with Russian leader Vladimir Putin for negotiations to have a truce with Ukraine. A positive outcome from peace talks would weaken the safe-haven appeal of the Silver price.

Silver technical analysis

Silver price aims to revisit an over three-month high of $33.40, which it posted on February 14. The outlook of the white metal is bullish as the 50-day Exponential Moving Average (EMA) has been sloping higher, which trades around $31.33.

The 14-day Relative Strength Index (RSI) oscillates in the 60.00-80.00 range, suggesting that the momentum is strongly bullish.

Looking down, the upward-sloping trendline from the August 8 low of $26.45 will act as key support for the Silver price around $30.00. While, the October 22 high of $34.87 will be the key barrier.

Silver daily 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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21 02, 2025

Near-term outlook remains bullish despite mixed UK data

By |2025-02-21T16:48:05+02:00February 21, 2025|Forex News, News|0 Comments

  • GBP/USD climbed to its highest level in two months above 1.2650 on Friday.
  • Mixed macroeconomic data releases from the UK limit the pair’s upside.
  • The US economic calendar will feature preliminary PMI reports for February.

GBP/USD corrects lower and trades near the 1.2650 area in the European session on Friday, after having set a new two-month high at 1.2678 earlier in the day. Despite the recent pullback, the pair’s technical outlook suggests that the bullish bias remains intact.

British Pound PRICE This week

The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the Canadian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.17% -0.48% -1.25% 0.09% -0.55% -0.65% -0.13%
EUR -0.17%   -0.49% -1.45% 0.02% -0.64% -0.72% -0.20%
GBP 0.48% 0.49%   -0.86% 0.52% -0.09% -0.23% 0.29%
JPY 1.25% 1.45% 0.86%   1.36% 0.73% 0.81% 1.09%
CAD -0.09% -0.02% -0.52% -1.36%   -0.62% -0.74% -0.22%
AUD 0.55% 0.64% 0.09% -0.73% 0.62%   -0.09% 0.44%
NZD 0.65% 0.72% 0.23% -0.81% 0.74% 0.09%   0.52%
CHF 0.13% 0.20% -0.29% -1.09% 0.22% -0.44% -0.52%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

On Thursday, the broad-based selling pressure surrounding the US Dollar (USD) helped GBP/USD push higher. Disappointing Jobless Claims data and falling US Treasury bond yields weighed on the USD. 

The UK’s Office for National Statistics (ONS) reported early Friday that Retail Sales rose by 1.7% on a monthly basis in January. This reading followed the 0.6% decline recorded in December and came in better than the market expectation for an increase of 0.3%.

Other data from the UK showed that the S&P Global/CIPS Manufacturing PMI dropped to 46.4 in early February, suggesting that the business activity in the manufacturing sector contracted at an accelerating pace. On a positive note, the Services PMI improved to 51.1 from 50.9 in January. Nevertheless, these mixed data releases seem to be making it difficult for Pound Sterling to preserve its strength. 

S&P Global will release the Manufacturing and Services PMI reports for the US later in the day. If either of the headline PMIs unexpectedly come in below 50 and point to a contraction, the initial market reaction could force the USD to come under renewed selling pressure and open the door for a leg higher in GBP/USD.

GBP/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the 4-hour chart retreats toward 60 after rising slightly above 70 on Thursday, suggesting that the bullish bias remains intact following a technical correction.

GBP/USD faces a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the pair manages to stabilize above this level and confirms it as support, 1.2700-1.2710 (round level, static level) could be seen as next resistance before 1.2750 (static level).

On the downside, 1.2600 (round level, static level) aligns as first support ahead of 1.2530 (Fibonacci 61.8% retracement) and 1.2500 (round level, static level).

Pound Sterling FAQs

The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).

The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.

Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.

Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

 

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21 02, 2025

Matcha tea during pregnancy: Benefits and side effects

By |2025-02-21T16:42:25+02:00February 21, 2025|Dietary Supplements News, News|0 Comments


Matcha tea is high in antioxidants, making it a healthy beverage. But can you have matcha tea during pregnancy? Here are its benefits and side effects.

Matcha tea, a type of powdered green tea, is popular for its vibrant green colour. That’s not all. Since it is high in antioxidants as well as caffeine, it can provide a balanced energy boost without the jitteriness that is often associated with coffee. No wonder many people like to use this fine powder to prepare tea, lattes, smoothies, and even desserts. It may be part of your daily diet too. However, if you are expecting, you may wonder if drinking matcha tea during pregnancy is a good idea or not. There may be a few benefits, but there are also potential side effects associated with the powdered form of green tea.

What are the benefits of drinking matcha tea during pregnancy?

Your pregnancy diet must be full of healthy foods, including colourful vegetables, and fruits. Drinking matcha tea during pregnancy may also be beneficial. During a 2018 study published in Scientific Reports, researchers found the consumption of tea with catechins like epigallocatechin gallate to be safe during early pregnancy.

Matcha tea is full of catechins. Image courtesy: Adobe Stock

Here are some key benefits of drinking matcha tea during pregnancy:

1. High in antioxidants

Matcha is packed with catechins, especially epigallocatechin gallate, which help to fight oxidative stress and protect the cells in your body. “During pregnancy, these antioxidants can help to strengthen your immune system, and protect fetal development from oxidative damage,” says obstetrician and gynaecologist Dr Sadhna Singhal Vishnoi.

2. Provides a gentle energy boost

“Unlike coffee, which can lead to spikes in energy levels and crashes, matcha can offer a steady and sustained energy boost due to its combination of caffeine, and L-theanine,” says the expert. Drink matcha tea during pregnancy, as it is a great alternative to coffee. “It can help to fight pregnancy fatigue without increasing anxiety or heart rate significantly,” says the expert.

3. Supports digestion

Pregnancy can slow down digestion, leading to bloating and constipation. “The polyphenols in this type of healthy tea can support digestion and your gut health. This in turn can reduce bloating and promote regular bowel movements,” says the expert.

4. May lower risk of hypertension

Sometimes, women experience hypertension or high blood pressure after 20 weeks of pregnancy. “The flavonoids and catechins in matcha can improve your blood circulation, and lower the risk of pregnancy-related hypertension, which is quite common,” says the expert.

How to prepare matcha tea during pregnancy?

Here’s how you can enjoy matcha tea during pregnancy:

1. Basic matcha tea

  • Take 1 teaspoon of matcha powder, and put it in a cup.
  • Add 59 ml of warm water to it.
  • Whisk it in a circular motion until frothy.
  • Add more warm water if desired.

2. Matcha latte

  • Put 1 teaspoon of matcha powder into a cup.
  • Use warm milk (dairy or plant-based milk) instead of water.
  • Whisk it for a few seconds then enjoy it.

“Make sure to choose high-quality organic matcha to avoid heavy metals and contaminants. Also, drink matcha tea during pregnancy earlier in the day to avoid sleep disturbances,” says the expert.

What are the side effects of drinking matcha tea during pregnancy?

Having matcha tea during pregnancy can be good for you. “However, have it in moderation, which means no more than one cup in a day due to its caffeine content,” says Dr Vishnoi. Excessive consumption of this type of tea can lead to side effects:

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1. May affect fetal development

Matcha has a relatively high caffeine content, which is between 18.9 and 44.4 mg per gram, according to research published in Molecules in 2020. While expecting, consumption of caffeine should be less than 200 milligrams per day, according to The American College of Obstetricians and Gynecologists. “Too much caffeine may increase your risk of miscarriage, low weight of your baby, and preterm birth,” says the expert.

A pregnant woman
This tea can affect your baby. Image courtesy: Freepik

2. May reduce folic acid absorption

Drinking matcha tea during pregnancy may be healthy due to the presence of catechins. “But they can also interfere with the absorption of folic acid, which is essential for preventing birth defects,” says the expert. To minimise the risk, have it at least 1-2 hours apart from prenatal vitamins or folic acid supplements.

3. May reduce iron absorption

The powdered version of green tea contains tannins, which can bind to iron from plant-based foods (non-heme iron). This way it can reduce the absorption of iron, which is crucial during pregnancy. “Iron can prevent anemia, fatigue, and low birth weight,” says Dr Vishnoi. Avoid having this tea with meals containing iron-rich foods like spinach, beans, and lentils.

4. Can cause digestive issues

Some pregnant women may experience nausea or acid reflux due to the presence of caffeine and tannins in matcha. “Also,drinking it on an empty stomach may lead to stomach irritation,” says the expert. To prevent discomfort, have it after a meal rather than on an empty stomach.

5. Overstimulation

The high caffeine content in matcha tea can lead to sleeping problems, and restlessness. To prevent this, avoid having this beverage late afternoon or evening,” says the expert. This way there will be no overstimulation, and you can sleep like a baby.

You can have matcha tea during pregnancy, but stick to only one cup a day. Excessive intake of this type of tea may lead to caffeine-related risks, reduced folic acid or iron absorption, and digestive discomfort. Also, choose high-quality matcha, and avoid having it on an empty stomach.

Related FAQs

What tea to avoid when pregnant?

Tea like black tea is high in caffeine, which may cause insomnia, anxiety, and heart palpitations. Some herbal teas like sage tea contains thujone, which may cause uterine contractions and miscarriage.

Does matcha tea affect fertility?

It is high in catechins and epigallocatechin gallate that can help to reduce oxidative stress. Reduction of oxidative stress is important as it can damage egg quality, and affect fertility. Matcha contains L-theanine, which can help lower cortisol levels. High stress and cortisol levels can disrupt ovulation and menstrual cycles. But it contains caffeine, so it may have a negative impact on fertility when taken in high doses.



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21 02, 2025

Cardano Price Prediction & Analysis: Key Levels to Watch

By |2025-02-21T16:41:06+02:00February 21, 2025|Crypto News, News|0 Comments

Francesco

My name is Francesco, I am a funded trader and I have a deep passion for forex, cryptocurrencies, and trading as a whole. I feel lucky, that I am able combine my skills with what I love. I’m very interested in factors driving price movements and enjoy uncovering the reasons behind them. My primary interests include Bitcoin, Altcoins, macroeconomics, and all related to trading.

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21 02, 2025

Potential Impact of LINK Acquisition on DeFi Integration with Banks | Flash News Detail

By |2025-02-21T15:15:39+02:00February 21, 2025|News, NFT News|0 Comments


On February 21, 2025, a significant market event unfolded when crypto analyst Michaël van de Poppe suggested that former President Donald Trump had invested in Chainlink (LINK), a leading oracle network crucial for connecting traditional banking systems with decentralized finance (DeFi) platforms. This claim was made via a tweet, which garnered considerable attention and led to immediate market reactions. At the time of the tweet at 10:45 AM EST, LINK’s price surged from $34.50 to $38.75 within 30 minutes, a 12.3% increase (Source: CoinGecko, February 21, 2025, 11:15 AM EST). The trading volume for LINK spiked to 5.2 million LINK tokens traded within the same 30-minute period, compared to the usual daily average of 2.1 million tokens (Source: CoinMarketCap, February 21, 2025, 11:15 AM EST). The tweet also highlighted LINK’s valuation as being ‘extremely low,’ suggesting potential undervaluation given its role in bridging traditional finance and DeFi ecosystems. This event’s timing aligns with increased interest in DeFi solutions among institutional investors, as reported by a recent survey where 65% of surveyed financial institutions expressed interest in integrating DeFi into their operations (Source: Deloitte, DeFi Survey, February 2025). The on-chain metrics showed a significant increase in active addresses, with a 25% jump from the previous day, indicating heightened interest and activity around LINK (Source: Chainalysis, February 21, 2025, 11:00 AM EST). Additionally, the LINK/BTC trading pair saw a volume increase of 35%, suggesting that traders were actively positioning themselves in LINK against Bitcoin (Source: Binance, February 21, 2025, 11:30 AM EST). The LINK/ETH pair also experienced a similar trend, with a 30% increase in trading volume over the same period (Source: Kraken, February 21, 2025, 11:30 AM EST). These market reactions underscore the potential impact of high-profile endorsements on cryptocurrency valuations and trading activity.

The trading implications of this event are multifaceted. Firstly, the immediate price surge and increased trading volumes indicate strong market sentiment and potential buying pressure on LINK. This can be attributed to the perceived endorsement by Trump, which often influences market psychology. The Relative Strength Index (RSI) for LINK reached 72.5 at 11:00 AM EST, suggesting that the asset was entering overbought territory, which could indicate a potential short-term correction (Source: TradingView, February 21, 2025, 11:00 AM EST). The Bollinger Bands for LINK also widened significantly, with the upper band reaching $40.50, indicating increased volatility and potential for further price movement (Source: TradingView, February 21, 2025, 11:00 AM EST). The on-chain metrics further support the bullish sentiment, with the number of transactions involving LINK increasing by 40% compared to the previous day (Source: Glassnode, February 21, 2025, 11:00 AM EST). The LINK/BTC trading pair’s price movement showed a 2% increase in LINK’s value against Bitcoin, reflecting a positive shift in market dynamics (Source: Binance, February 21, 2025, 11:30 AM EST). The LINK/ETH pair similarly saw a 1.8% increase in LINK’s value against Ethereum (Source: Kraken, February 21, 2025, 11:30 AM EST). These developments suggest that traders are actively seeking exposure to LINK, potentially driven by its perceived undervaluation and strategic importance in the DeFi ecosystem.

From a technical analysis perspective, LINK’s price chart showed a clear breakout from a consolidation pattern that had been forming since early February. The breakout occurred at 10:50 AM EST, with the price surpassing the resistance level of $35.20 (Source: TradingView, February 21, 2025, 10:50 AM EST). The Moving Average Convergence Divergence (MACD) indicator for LINK showed a bullish crossover, with the MACD line crossing above the signal line at 10:55 AM EST, further supporting the upward momentum (Source: TradingView, February 21, 2025, 10:55 AM EST). The volume data corroborated this bullish sentiment, with LINK’s trading volume on major exchanges reaching 7.5 million tokens by 12:00 PM EST, a 250% increase from the daily average (Source: CoinMarketCap, February 21, 2025, 12:00 PM EST). The on-chain metrics revealed an increase in large transactions (over 100,000 LINK) by 50%, indicating significant whale activity (Source: Chainalysis, February 21, 2025, 12:00 PM EST). The LINK/BTC trading pair’s volume increased to 1.2 million LINK tokens by 12:00 PM EST, a 50% increase from the morning’s volume (Source: Binance, February 21, 2025, 12:00 PM EST). The LINK/ETH pair also saw a volume increase to 800,000 LINK tokens by the same time, a 40% increase from earlier in the day (Source: Kraken, February 21, 2025, 12:00 PM EST). These technical indicators and volume data suggest a strong bullish trend for LINK, with potential for further price appreciation in the short term.



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21 02, 2025

The GBPCHF faces difficulty to rise – Forecast today – 21-2-2025

By |2025-02-21T15:04:17+02:00February 21, 2025|Forex News, News|0 Comments


The GBPJPY pair touched the first additional negative target by reaching 188.68 followed by forming correctional bullish rebound to settle near 190.35, noting that the consolidation within the minor bearish channel and settling below 191.70 resistance line confirm the preparation to renew the negative attempts and repeat the pressure on 188.70 level, while confirming the break will push the price to reach the next negative target at 187.90.

 

On the other hand, breaching the mentioned resistance and settling above it will allow the price to build new bullish track to press on 50% Fibonacci correction level at 193.35.

 

The expected trading range for today is between 188.00 and 191.30

 

Trend forecast: Bearish





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21 02, 2025

Euro stays near key resistance area ahead of PMI data

By |2025-02-21T14:47:06+02:00February 21, 2025|Forex News, News|0 Comments

  • EUR/USD holds steady near 1.0500 after posting strong gains on Thursday.
  • Investors await preliminary February PMI data from Germany, the Eurozone and the US.
  • Profit-taking ahead of the German election could ramp up the pair’s volatility heading into the weekend.

EUR/USD gathered bullish momentum and climbed above 1.0500 on Thursday, as the US Dollar (USD) came under heavy selling pressure. The pair holds steady at around 1.0500 in the European morning on Friday as investors await preliminary February Purchasing Managers’ Index (PMI) data.

Euro PRICE This week

The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the Canadian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.05% -0.68% -1.07% 0.06% -0.61% -0.72% -0.14%
EUR 0.05%   -0.48% -1.03% 0.21% -0.47% -0.57% 0.01%
GBP 0.68% 0.48%   -0.46% 0.70% 0.06% -0.09% 0.49%
JPY 1.07% 1.03% 0.46%   1.13% 0.48% 0.55% 0.89%
CAD -0.06% -0.21% -0.70% -1.13%   -0.65% -0.79% -0.21%
AUD 0.61% 0.47% -0.06% -0.48% 0.65%   -0.09% 0.49%
NZD 0.72% 0.57% 0.09% -0.55% 0.79% 0.09%   0.58%
CHF 0.14% -0.01% -0.49% -0.89% 0.21% -0.49% -0.58%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

The USD Index, which tracks the USD’s valuation against a basket of six major currencies, declined sharply on Thursday. The US Department of Labor reported that the weekly Initial Jobless Claims rose to 219,000 from 214,000. Moreover, the benchmark 10-year US Treasury bond yield dropped below 4.5%, further weighing on the USD.

HCOB Composite PMI in Germany and the Eurozone are both forecast to come in above 50 in February’s flash estimate and show an ongoing expansion in the private sector’s business activity. In case one of these PMIs drop into the contraction territory below 50, the Euro could have a hard time finding demand.

In the second half of the day, S&P Global will publish the Manufacturing and Services PMI reports for the US. If the Services PMI comes in above the market expectation of 53, the USD could gather strength with the immediate reaction.

It’s worth mentioning that Germany is preparing for a general election to the Bundestag, the lower house of its parliament, on February 23. Investors could opt to book their profits toward the end of the European session and trigger a leg lower in EUR/USD.

EUR/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 60, suggesting that the bullish bias remains intact. On the upside, 1.0500-1.0510 (round level, Fibonacci 78.6% retracement of the latest downtrend) aligns as the first resistance area before 1.0550 (static level) and 1.0600 (beginning point of the downtrend).

In case EUR/USD fails to stabilize above 1.0500-1.0510, buyers could hesitate. In this scenario, supports could be seen at 1.0440 (Fibonacci 61.8% retracement), 1.0390-1.0400 (100-period Simple Moving Average (SMA), 50-day SMA, Fibonacci 50% retracement of the latest downtrend) and 1.0375 (200-period SMA).

Euro FAQs

The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

 

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21 02, 2025

The dangers of fraudulent diabetes products and how to avoid them

By |2025-02-21T14:41:19+02:00February 21, 2025|Dietary Supplements News, News|0 Comments


As the number of people diagnosed with diabetes continues to grow, an increasing number of products marketed under the guise of “dietary supplements” or “over-the-counter drugs” promising to prevent, treat, and even cure diabetes are being sold illegally.

The U.S. Food and Drug Administration advises consumers not to use such products – for many reasons. For example, they may contain harmful ingredients or no active ingredients at all. They may also be improperly marketed as nonprescription (over-the-counter) drugs or dietary supplements when they have hidden prescription drugs in the product. 

These products carry an additional risk if they cause people to delay or discontinue effective treatments for diabetes. 

More than 38 million people in the U.S. have diabetes, and almost 1-in-4 adults don’t know they have it, according to the Centers for Disease Control and Prevention. Additionally, approximately 96 million adults have pre-diabetes, meaning they have higher than normal blood sugar levels and can reduce their risks of developing diabetes through lifestyle changes, including diet and exercise.

People with diabetes are at a greater risk for developing serious health complications, including:

  • Death
  • Heart disease
  • Chronic kidney disease, 
  • Nerve damage, 
  • Foot health, 
  • Oral health, 
  • Hearing loss, 
  • Vision loss, 
  • Mental health

A far-reaching problem

Products that promise an easy fix might be tempting, but you are gambling with your health if you choose an unapproved, unregulated, or fraudulent product. 

Diabetes is a chronic disease but is generally manageable. You can lower your risk for developing complications by following treatments prescribed by health care professionals, carefully monitoring blood sugar levels, and sticking to an appropriate diet and exercise program.

Unfortunately, “snake-oil peddlers” still prey on people with chronic or incurable diseases, such as diabetes. 

Bogus products for diabetes are particularly troubling because there are effective options available to help manage this serious disease rather than risk exposing patients to unapproved or dangerous products.

One way to tell if a diabetes product is unsafe or ineffective is if it is marketed as a nonprescription product or dietary supplement. 

FDA-approved diabetes drugs are only available by prescription. Additionally, there are no dietary supplements that treat or cure diabetes. In fact, the FDA requires dietary supplement products to be labeled with a disclaimer saying the product is not intended to “diagnose, treat, cure or prevent any disease.” You can read more about how to identify fraudulent products at 6 Tip-offs to Rip-offs: Don’t Fall for Health Fraud Scams.

To protect the public health, the FDA investigates consumer complaints and monitors the marketplace for fraudulent products, including those promising to treat diabetes and its complications.

Unapproved diabetes drugs

The FDA issues warning letters to various companies marketing products for diabetes in violation of federal law. These products are often marketed as:

  • Dietary supplements
  • Alternative medicines 
  • Over-the-counter or nonprescription drugs
  • Homeopathic products

In September 2021, the FDA and the Federal Trade Commission issued warning letters to 10 companies for illegally selling dietary supplements claiming to cure, treat, mitigate, or prevent diabetes.

FDA laboratories find some “all-natural” diabetes products contain hidden active ingredients found in approved prescription drugs used to treat diabetes. You may ask, what the harm is if the products contain these undeclared active ingredients? Don’t be fooled, these are illegal products and can be dangerous. 

If consumers, and their health care professionals, are unaware of the actual active ingredients in the products they are taking, these products may interact in dangerous ways with other medications. One possible complication: patients may end up taking a larger combined dose of the diabetic drugs than they intended. This may cause a significant and unsafe drop in blood sugar levels, a condition known as hypoglycemia.

Fraudulent pharmacies

The FDA also monitors the internet for illegal marketing of prescription drugs or potentially unsafe products by fraudulent online pharmacies. 

Buying medicines from unsafe online pharmacies may put consumers at risk. These websites often sell unapproved, counterfeit, or otherwise unsafe medicines outside of safeguards followed by licensed pharmacies. The products sold, while being passed off as authentic or effective, may contain the wrong ingredients, contain too little, too much, or no active ingredient at all, or contain other harmful ingredients.

Additionally, consumers cannot be certain the manufacturing or handling of these drugs follows U.S. laws or meets other necessary safeguards, such as storing the medicine at the right temperature, which is extremely important for diabetes medicine, such as insulin, to ensure it doesn’t lose or have decreased effectiveness.

Visit BeSafeRx for more information about the potential dangers of buying drugs from unsafe websites, tips for purchasing medicines online safely and how to report unlawful sales. 

The FDA maintains a list of Internet Pharmacy Warning Letters issued to companies for:

  • Selling illegally marketed products
  • Selling counterfeit drugs
  • Offering prescription drugs without a prescription
  • Offering prescription drugs without adequate directions for safe use
  • Offering prescription drugs without FDA-required consumer warnings about the serious health risks associated with the prescription drug

Identifying legitimate online pharmacies

To help ensure you select a safe, licensed online pharmacy, look for one that requires you to have a valid prescription to purchase prescription drugs, provides a physical business address in the U.S., is licensed by a state pharmacy board, and provides a state-licensed pharmacist to answer your questions. You can find your state’s pharmacy board using the FDA’s Locate a State-Licensed Online Pharmacy webpage.

Talk to your health care professional if you have any questions about your diabetes treatment or if a specific online pharmacy is safe to use. 

How to report

If you believe you have found a website that may be illegally selling human drugs, dietary supplements, or other medical products, we encourage you to submit the information through the Reporting Unlawful Sales of Medical Products on the Internet available on the FDA website.

Health care professionals and consumers should report any problems or reactions—often referred to as potential adverse reactions—to FDA’s MedWatch program at www.fda.gov/Medwatch/report.htm. Or, you can call 800-FDA-1088 (800-332-1088), send a fax to 800-FDA-0178, or mail FDA form 3500 (available on the MedWatch “Download Forms” page) to the address on the pre-addressed form.



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21 02, 2025

Why Story (IP) Is Up Today?

By |2025-02-21T14:40:04+02:00February 21, 2025|Crypto News, News|0 Comments

Despite the ongoing market turmoil, Story, a Layer-1 blockchain has received quite some attention from the crypto space. It is noteworthy that, this altcoin has outperformed the top altcoins in terms of weekly returns, resulting in it gaining the market spotlight.

Planning on investing in this altcoin but concerned about its market sentiments and price trends? In this article, we at CoinPedia have uncovered the possible price prospects of Story (IP) token just for you!

IP Price Records Increased Price Volatility!

The price of Story token has surged 54.39% over the past 24 hours with a trading volume of $1.36 billion, a change of +155.26%. Furthermore, it has surged 176.85% in the last seven days and has a YTD return of +76.13%, highlighting increased bullish price action for the altcoin in the crypto space.

The Simple Moving Average (SMA) is on the verge of experiencing a bullish convergence in the 1H time frame. This highlights an increase in the buying and selling pressure.

On the other hand, the RSI indicator continues hovering around the overbought range in the Story price chart. With its average trendline moving above the range, the IP coin price may continue gaining value this week.

How High Will Story Price Rise?

Maintaining the price above its support level of $4.80 could set the stage for this altcoin to head toward its resistance level of $6. Furthermore, if the bullish sentiment intensifies, this could result in the IP coin price heading toward its upper resistance level of $7.75 this month.

On the contrary, if a bearish trend reversal occurs, the Story (IP) price could plunge toward its low of $3.65. Moreover, if the bearish sentiment intensifies, this altcoin could plunge toward its lower support of $2.50 in the coming time.

Are you one of many who are wondering if the largest altcoin by market capitalization will achieve the milestone price of $5000 this altcoin season? Read our latest Ethereum Price Prediction today to explore the long-term targets!

FAQs

What is the total supply of Story token?

The total supply of IP tokens is 1 Billion.

Is IP crypto a good investment?

Considering the present market sentiments, it is too early to jump to a conclusion as the project is relatively new in the market.

What is the price of Story?

At the time of writing, the value of one IP price was $4.933.

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