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30 12, 2024

Why Is the USA Natural Gas Price Rising Today?

By |2024-12-30T19:32:01+02:00December 30, 2024|Forex News, News|0 Comments


A winter cold blast is causing natural gas to spike.

That’s what Phil Flynn, a senior market analyst at the PRICE Futures Group, told Rigzone in an exclusive interview on Monday when asked why the U.S. natural gas price is rising today.

Flynn, who highlighted to Rigzone that the commodity “open[ed]… up over 10 percent higher” said “predictions of an arctic cold blast, and the possibility that this January may be the coldest in 30 years, is suddenly changing the fundable”.

“Not only will we see record demand but also the possibility of natural gas production freeze offs,” Flynn warned.

The PRICE Futures Group senior market analyst told Rigzone that the natural gas market “hasn’t really had to face a real winter”.

“Now we will test the bearish narratives in the market,” Flynn added.

When he was asked why the U.S. natural gas price is rising today in a separate exclusive interview on Monday, Gabriel Odiase, an analyst at the Agriculture and Horticulture Development Board (AHBD), said, “mainly uncertainties around the renewal, or not, of the major contract for transporting Russian gas through Ukraine, which is set to expire at the end of December”.

“This contract, between Russia’s Gazprom and Ukraine’s Naftogaz, has been key for delivering Russian gas to Europe,” Odiase told Rigzone.

“The contract expiry could shape Europe’s gas supply and market dynamics. This may potentially increase demand for LNG, as cover, at the start of the new year,” Odiase went on to state.

The U.S. Energy Information Administration’s (EIA) latest weekly natural gas storage report, which was released on December 27 and includes data for the week ending December 20, stated that “working gas in storage was 3,529 billion cubic feet as of Friday, December 20, 2024, according to EIA estimates”.

“This represents a net decrease of 93 billion cubic feet from the previous week. Stocks were 14 billion cubic feet higher than last year at this time and 166 billion cubic feet above the five-year average of 3,363 billion cubic feet,” the report added.

“At 3,529 billion cubic feet, total working gas is within the five-year historical range,” the EIA report went on to state.

The EIA’s next weekly natural gas storage report is scheduled to be released on January 3. It will show data for the week ending December 27.

In its latest short term energy outlook (STEO), which was released in December, the EIA raised its Henry Hub natural gas spot price forecast for 2024 and 2025.

According to its December STEO, the EIA sees the Henry Hub spot price averaging $2.19 per million British thermal units (MMBtu) in 2024 and $2.95 per MMBtu in 2025. The EIA’s previous November STEO projected that the Henry Hub spot price would average $2.17 per MMBtu in 2024 and $2.90 per MMBtu in 2025.

In another exclusive interview, ex-Independent Petroleum Association of America (IPAA) Chief Economist Frederick J. Lawrence told Rigzone on December 19 that natural gas prices had “rallied over the past two days based on forecasts of colder weather anticipated in January”.

“In addition to more frosty weather arriving after the Christmas holiday, natural gas storage also proved more robust as of December 13. The latest storage number showed a net decrease in storage of 125 billion cubic feet compared to the previous week,” he added.

“Stocks at 3,622 billion cubic feet remain 20 billion cubic feet higher than last year and 123 billion cubic feet higher than the five year average,” he went on to state.

To contact the author, email andreas.exarheas@rigzone.com





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30 12, 2024

GBP/USD Analysis Today 30/12: Bearish Trend Holds (Chart)

By |2024-12-30T18:22:15+02:00December 30, 2024|Forex News, News|0 Comments

  • Recent attempts by the GBP/USD currency pair to rebound have not moved far from the vicinity of the 1.2500 support level, which we have often noted as the most important for maintaining bearish dominance over the GBP/USD trend.
  • Technically, breaking this support would drive the pair towards its seven-month low.
  • According to the forex market, the GBP has declined by 1.5% in 2024 so far, after maintaining its position against the US dollar for most of 2024.

GBP/USD Forecast for 2025

In this regard, Scotiabank expects a strong US economy and high yields to push the US dollar to its highest levels in two years as the EUR/USD slides to parity. In this environment, the GBP/USD is expected to decline to 1.22 support by the end of 2025. Scotiabank also expects the Trump administration to enact tax cuts and regulatory rollbacks that will support the US economy. The bank also sees the potential for another positive wealth effect from the strength of US equities, which would also help support consumer spending and investment.

In this context, the bank has revised its 2025 GDP growth forecast to 2.1% from 1.8%. With concerns about inflation, it also expects a significant impact on the US Federal Reserve’s policy. It now expects the Fed to be able to cut US interest rates only twice in 2025 to 4.00%, which will keep rates higher than the Eurozone. Moreover, Scotiabank expects the strength of equities and high yields to continue to support the US dollar over the year. However, it expects a reversal in 2026 as the US economy slows, with the GBP/USD pair recovering to 1.30 by the end of 2026.

Trading Tips:

The GBP/USD pair may remain in a narrow move with a downward bias until the markets’ vision of the future of Trump’s policies becomes clear

Bank of England policies affect the pound

One of the factors that pressured the performance of the GBP was the Bank of England’s slow pace of interest rate cuts during 2024, which reduced borrowing costs by only half a percentage point. This has supported much of the strength of the GBP. However, changing expectations for further cuts in UK interest rates in the future have put pressure on the GBP in recent weeks. In general, the markets expect interest rate cuts of 51.5 basis points in 2025 by the Bank of England, compared to 46 basis points in the cuts that were priced in before the latest monetary policy meeting of the year, when it kept interest rates unchanged but was more divided on the decision than markets expected.

Technical Analysis for the GBP/USD pair today:

According to the performance on the daily chart above, the overall trend of the GBP/USD remains downward. Meanwhile, the 1.2500 support level still solidifies the bears’ dominance and thus the readiness for a stronger downward move that could take the pair towards the following more important support levels of 1.2445, 1.2380, and 1.2300. technically, that in turn could move technical indicators towards oversold levels, led by the Relative Strength Index and the Stochastic oscillator. Furthermore, we still prefer selling the GBP/USD from every upward level without taking risks and activating take-profit and stop-loss levels to ensure the safety of the investment account from any sudden price reversals.

Ready to trade our daily GBP/USD Forex analysis? We’ve made this UK forex brokers list for you to check out. 

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30 12, 2024

Supplements: Helpful or harmful? | News

By |2024-12-30T18:20:25+02:00December 30, 2024|Dietary Supplements News, News|0 Comments


Most Americans use a dietary supplement, but are they helpful?

“They may be a waste of money and, in worst case scenario, they may be some harm,” Erin Michos, MD, an Associate Professor of Medicine at Johns Hopkins University School of Medicine, says.

About 59 million Americans use some type of vitamins or supplements regularly — but a new study shows some supplements may be putting your health at risk.

A new study published in JAMA Network Open found that at least 15.6 million US adults may have consumed an herbal product that could damage their liver in the last 30 days. The six worst offenders were: turmeric, green tea, ashwagandha, garcinia, cambogia, red yeast rice, and black cohosh.

A big problem with supplements is that the FDA doesn’t evaluate them for safety, effectiveness, or quality. “So many individuals are taking these when many well-done clinical trials have shown that these supplements are no better than placebo,” says Michos.

The new study found some of the herbal products had discrepancies between their ingredient lists and what was actually in them. The best way to ensure quality is to look for products that have been certified by a third-party company, such as NSF, USP, BSGC, or Consumer-Lab.

“I think individuals should talk to their doctors about do they need these supplements and why are they taking them,” Michos says.

The authors of the study noted that liver damage connected to herbal and dietary supplements use has been increasing, now accounting for more than 20% of liver injuries. Severe liver problems can lead to the need for a transplant  – or even death.



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30 12, 2024

Solana Price Prediction for 2025: Can SOL Reach $500?

By |2024-12-30T18:14:30+02:00December 30, 2024|Crypto News, News|0 Comments

Solana was busy staging an incredible comeback, transforming from a troubled Layer-1 chain to become a powerhouse for DeFi and meme coins.

Forget Bitcoin’s 2024 headlines for a moment.

With SOL passing a $120 billion market cap last month, the question on everyone’s mind is: can the token continue rising to $500 in 2025?

Solana’s 2024 – A Year of Explosive Growth

Crypto has had a wild ride this year – and Solana has been in the thick of it.

Despite SOL briefly dipping below $10 in early 2023, the token roared back to life in 2024, hitting an all-time high of $263 in late November.

SOL has pulled back slightly from that high, now hovering around $192.

The token’s run-up wasn’t just due to hype; it’s all about how Solana’s ecosystem has exploded with activity.

Major partnerships with the likes of Visa and Google Cloud fueled institutional interest, while NFT traders and DeFi users flocked to the chain instead of other Layer-1s.

Super-fast transactions and low fees attracted developers, leading to viral meme coins like Bonk and DogWifHat.

There were even some groundbreaking AI experiments (like GOAT).

With rumors of potential SOL ETFs now heating up, the future looks bright for the Solana blockchain.

But will SOL be able to replicate (or beat) its success from this year?

Solana Price Prediction – How High Can SOL Go in 2025?

Looking ahead, the technicals seem bullish for SOL.

Even after its recent pullback, SOL is holding firm, bouncing off the 0.382 Fibonacci retracement level on the daily chart.

This suggests there could be upward momentum in early 2025 – and several key catalysts could lead to further gains.

Most notably, the upcoming Firedancer upgrade could boost Solana’s transaction speeds.

Plus, trends like SocialFi and the ever-growing meme coin niche might add to the demand for SOL.

Solana Price Prediction for 2025: Can SOL Reach 0?

Analysts are buzzing about the token’s prospects.

For example, the team at Altcoin Daily, which has over 1.7 million Twitter followers, even speculated that SOL would hit $2,000.

They didn’t provide a timeline, but such an ambitious target shows just how confident people are in Solana’s ecosystem.

However, while $2,000 might seem optimistic, there’s a case for SOL reaching more modest milestones – like $500.

That would represent a 159% increase from the token’s current price.

Given how explosive SOL’s rise was earlier in 2024, there’s every chance history could repeat itself in 2025.

Solana’s First Layer-2 Solaxy Raises Millions – Could SOLX Outshine SOL Next Year?

While SOL will likely get all the attention, some under-the-radar projects in the Solana ecosystem could post even bigger gains next year.

One name generating huge buzz isSolaxy (SOLX).

This new project has already raised $6.9 million in its presale – all in less than three weeks.

But why is everyone so excited?

https://x.com/SOLAXYTOKEN/status/1873021430268391773
The main reason is that Solaxy aims to be Solana’s first Layer-2 solution, tackling the pesky congestion issues that sometimes plague the network.

By processing transactions off-chain and building a bridge to Ethereum, Solaxy will boost scalability and interoperability.

These are two key ingredients for success in the blockchain space.

And investors are taking notice, scrambling to secure SOLX tokens for just $0.001584 before they go live on exchanges.

Those who decide to buy SOLX during the presale can evenstake their tokens for APYs of 555%.

In addition, since Coinsult has alreadyaudited the token, early investors can have confidence in Solaxy’s security.

Some big-name crypto influencers are beginning to talk about the project.

For example,NASS CRYPTO, who has over one million YouTube subscribers, said Solaxy is the “next evolution” in Layer-2 technology.

Of course, it’s still early days, and no one knows what the future holds.

But with Solana expected to continue growing, there will likely be even more demand for scaling solutions – setting the stage for Solaxy to thrive.

Visit Solaxy Presale

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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30 12, 2024

USD/JPY Analysis Today 30/12: Bullish Flag Formation (Chart)

By |2024-12-30T16:21:25+02:00December 30, 2024|Forex News, News|0 Comments

  • For eight consecutive trading sessions, the USD/JPY pair has been steadily rising, approaching the resistance level of 158.00, the highest level for the currency pair in five months.
  • This stability has formed a bullish flag on the daily chart, confirming the bulls’ control over the direction of the USD/JPY pair.
  • Also, bringing it closer to the next psychological resistance target of 160.00, which would increase talk of imminent Japanese intervention in the currency markets.

The Japanese Yen continues to be affected by the course of the Bank of Japan’s policy

The selling pressures on the Japanese yen against the rest of the other major currencies, led by the US dollar, continue as investors continue to assess the expectations of interest rates at the Bank of Japan. The summary of the Bank of Japan’s meeting in the last meeting of 2024 revealed that policymakers discussed the possibility of raising interest rates in the near term, as some bank officials suggested that the conditions were favourable for such a move. For its part, the Bank of Japan kept interest rates unchanged at 0.25%, with Governor Kazuo Ueda indicating the need to evaluate more data on wage growth next year and to gain more clarity on the economic policies of the incoming US administration. In general, investors are closely watching any potential intervention by the Japanese, especially after the Japanese Finance Minister reiterated concerns about the decline in the Japanese yen and repeated his warning against taking action against excessive movements in the currency.

At the same time, the performance of the Japanese yen faced additional pressure from rising US Treasury yields, despite recent US interest rate cuts.

Trading Tips:

The dollar/Japanese yen price will remain in an upward trend until the vision of Trump’s policies becomes clear and until there is Japanese intervention in the currency markets to stop the collapse of the yen against other currencies

Asian stock indices decline

According to today’s trading through stock trading company platforms, we have noticed a decline in Asian stock market indices today, Monday, as was the performance of US stock indices. Selling came amid uncertainty ahead of the end of 2024 and the inauguration of Trump as US President. According to trading, the MSCI Asia Pacific Index halted its five-day gain as shares in Australian and Japanese markets fell, while Chinese shares rose. At the same time, US 10-year Treasury yields remained near their highest levels since May after rising last week, which could affect the performance of stock prices. Due to the holidays, trading remains limited and within narrow ranges.

Also, it was noticeable that trading volumes for Japanese stocks were about 17% below their 30-day average, and Monday is the last trading session for Japanese financial markets this year, with public holidays from Tuesday to January 6. Overall, while Asian stocks are at their lowest levels today, they are still heading towards a strong annual performance. The MSCI Asia Pacific Index advanced 7.5% in 2024 as global central banks eased monetary policy and technology stocks rose amid optimism about artificial intelligence.

USD/JPY Technical Analysis and Expectations Today:

The USD/JPY currency pair continues to trade at levels slightly above the 100-hour moving average, and despite the decline. The USD/JPY pair remains centrally anchored in the 14-hour Relative Strength Index, leaving enough room for both bulls and bears to move. In the near term, bears will seek to extend the current decline towards 156.89 or lower to the support at 155.98. On the other hand, bulls will seek to take advantage of rebounds at around 158.51 or higher at the resistance 159.32.

In the long term, based on the performance on the daily chart, the USD/JPY pair is trading within an ascending channel formation. Also, the 14-day RSI supports a long-term bullish bias as it approaches overbought levels. Therefore, bulls will seek to continue the current winning streak to around 161.73 or above the resistance of 166.50. On the other hand, bears will seek to take advantage of the selling operations to book profits at around 153.31 or below the resistance of 148.86.

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

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30 12, 2024

5 Supplements You Shouldn’t Take If You Have Inflammation

By |2024-12-30T16:19:31+02:00December 30, 2024|Dietary Supplements News, News|0 Comments


Managing inflammation can be tricky. While taking supplements may seem like a natural solution, not all of them are beneficial. In fact, some supplements can worsen inflammation or lead to other health issues. While acute inflammation is the body’s natural response to injury or infection, chronic inflammation can lead to serious health issues like heart disease, arthritis and autoimmune disorders. If you’re looking to keep inflammation at bay, these are five supplements you should avoid, according to experts.

1. Arnica (Oral Supplementation)

Arnica, a flowering herb in the sunflower family, is popular in homeopathic medicine for treating bruises, muscle pain and soreness when applied topically. However, it’s a different story when ingested. “Oral arnica can pose serious health risks, particularly for those with inflammation,” says Melissa Mitri, M.S., RD, a nutrition writer and owner of Melissa Mitri Nutrition. “While arnica is considered safe to apply topically to the skin, it shouldn’t be taken as an oral supplement for inflammation, as it can cause serious side effects, including heart damage, increased bleeding and vomiting.”

2. Chaparral

Chaparral is an herb derived from the desert shrub known as the creosote bush and has been historically used for its potential antioxidant and anti-inflammatory effects. However, chaparral’s toxic effects on the liver and kidneys outweigh its benefits. “Chaparral can lead to severe liver and kidney damage,” warns Mitri, adding that the herb is banned in several countries, including Canada, due to these risks.

3. Cat’s Claw

Cat’s claw is often touted for its immune-supporting and anti-inflammatory properties. Unfortunately, cat’s claw may not be as beneficial as portrayed. Mitri explains, “Cat’s claw may not be appropriate for those with autoimmune conditions, as it can overstimulate the immune system, potentially worsening autoimmune symptoms and increasing inflammation.”

Additionally, Mitri cautions that cat’s claw can interact with certain medications, including protease inhibitors used to treat HIV, and it may lower blood pressure or increase bleeding risk. “Cat’s claw’s risks for certain populations, particularly those with immune-related conditions, make it a poor choice for managing inflammation,” Mitri advises.

4. Spirulina

Spirulina is a nutrient-dense blue-green algae commonly used as a dietary supplement due to its high content of protein, vitamins and antioxidants. However, spirulina may not be suitable for everyone, particularly those with autoimmune or inflammatory conditions. “Spirulina can overstimulate the immune system, which can worsen symptoms in people with autoimmune diseases,” Mitri explains.

5. Kava

Kava is an herbal supplement traditionally used to promote relaxation and reduce stress, but it can pose issues for those with inflammatory conditions. “Kava has been shown to cause liver damage, which is especially concerning for people managing inflammation,” says Mitri. Since your liver is essential in detoxification and managing inflammation, compromised liver function can worsen overall health and inflammatory conditions.

Tips for Managing Inflammation Naturally

Instead of relying on potentially harmful supplements, Mitri suggests managing chronic inflammation through lifestyle and dietary changes.

  • Consume a Balanced Diet with Omega-3s: A nutrient-rich diet centered around whole, nutrient-dense foods is one of the best ways to reduce inflammation. “Increasing your intake of fruits, vegetables, lean proteins, whole grains, legumes and healthy fats can make a significant difference,” Mitri explains. “Also, omega-3s have well-documented anti-inflammatory properties that can help manage inflammation throughout your body.”
  • Avoid Inflammatory Foods: “Ultra-processed foods, added sugars and trans fats can all increase inflammation,” warns Mitri. “These include commercial baked goods, candy, sweetened yogurts, chips and high-added-sugar beverages.” Reducing or eliminating these foods can help prevent chronic inflammation and support long-term health.
  • Eat More Anti-Inflammatory Spices: Spices like turmeric and ginger have natural anti-inflammatory effects that research shows can help combat inflammation.
  • Adopt Healthy Lifestyle Habits: Lifestyle factors are essential in combating inflammation. “Regular physical activity, adequate sleep and effective stress management are critical for reducing inflammation,” Mitri emphasizes.

The Bottom Line

While supplements are often marketed as natural remedies for various health concerns, not all are safe for chronic inflammation. Supplements like arnica, chaparral, cat’s claw, kava and spirulina can worsen inflammatory conditions or cause severe side effects such as liver damage and immune overactivity. Always speak with a health care provider before adding any supplement to your routine.



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30 12, 2024

ADA To Make New Highs In 2025 But This Crypto To Steal The Show

By |2024-12-30T16:13:41+02:00December 30, 2024|Crypto News, News|0 Comments

SPONSORED POST*

Layer-1’s like Cardano usually present the best risk-reward opportunities, and they can act as hedges for riskier plays within a portfolio.

RBLK is arguably one of the best low caps for netting sizable returns above 25x this bull run. Read on to learn more about this new iGaming gem as it traverses through its presale.

Set To Lead The iGaming 2025 Renaissance: Discover Why Rollblock Is All The Rage As 2024 Concludes

As the crypto market recovers, Rollblock stands out as a strong contender in the iGaming sector. Projections suggest a 70% rise in the near term, as audits from SolidProof and Anjouan Gaming solidify Rollblock’s legitimacy in time for the 2025 crypto-gaming rally.

Rollblock’s ecosystem is continuously expanding, boasting over 7,000 games in its library. Collaborations with top blockchain developers and insights from its growing community are set to drive innovation, including the recent launch of sports betting services and over 100 planned games to be released in 2025.

With a rapidly growing user base exceeding 35,000, Rollblock provides multiple ways for users to earn income aside from holding the RBLK token. From staking for passive income to play-to-earn gaming rewards, including a token-burning mechanism that enhances the value of RBLK tokens, the platform is built from the ground up to reward loyal users.

Bullish Developments Bode Well For Cardano As The Next Market Rally Looms Closer

Cardano is capturing significant attention as it mirrors historical patterns that suggest a major breakout is on the horizon. The current price trajectory for Cardano closely resembles its 2021 bull cycle, and increasing whale activity indicates growing confidence for Cardano amongst big buyers. However, short-term challenges persist, including a 4.3 billion ADA sell wall between $0.947 and $1.09, creating resistance that may delay a recovery to the $1 mark. 

However, the incoming pro-crypto Trump administration, set to take office in January 2025, offers a promising regulatory backdrop for the crypto market including for Cardano. Charles Hoskinson’s potential advisory role within the administration adds credibility to Cardano’s standing in the blockchain space, and regulatory clarity could provide a significant boost to Cardano, particularly as it shifts toward becoming a Bitcoin Layer-2 chain by mid-2025. 

Cardano is also strengthening its ecosystem with the introduction of Lace, a native wallet designed to streamline user interactions with the blockchain. With plans for a mobile app down the line, Lace aims to attract millions of users, positioning Cardano for broader adoption and reinforcing its appeal as a leading blockchain network similar to what PhantomWallet did for Solana.

Many analysts project a realistic price target of $5 to $6 for ADA during the 2025 bull run, with potential for even higher gains if adoption accelerates and broader market sentiment remains positive for Cardano.

Conclusion: Why ADA And RBLK Could Be The Best One-Two Punch For Any Crypto Portfolio

In the broader cryptocurrency market, Layer-1 blockchains like Cardano have historically proven to be the most reliable risk-reward options, thanks to their foundational role for ecosystem development. Limited to returns around 10x at most, however, many savvy investors suggest diversification with higher upside gems such as RBLK.

RBLK offers a unique opportunity for early investors to secure a promising position in the GameFi revolution, priced at just $0.044 in its ninth presale phase. This trailblazing project is one you won’t want to miss for potential returns above 25x; Don’t miss this chance!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

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 *This article was paid for. Cryptonomist did not write the article or test the platform.

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30 12, 2024

XAG/USD trades near weekly low around $29.50 in quiet trading mood

By |2024-12-30T15:30:22+02:00December 30, 2024|Forex News, News|0 Comments


  • Silver price hovers near $29.50 in an illiquid market with the US Dollar and bond yields closing the calendar year on a strong note.
  • The Fed sees the federal fund rate heading to 3.9% by the end of 2025.
  • Strong US economic growth prospects allowed the Fed to guide fewer interest rate cuts for the next year.

Silver price (XAG/USD) trades cautiously near Friday’s low around $29.50 in thin volume conditions before New Year on Monday. The white metal is broadly under pressure as the outlook of the US Dollar (USD) remains firm on expectations that a moderate policy-easing cycle by the Federal Reserve (Fed) in 2025 will keep US Treasury yields elevated.

10-year US Treasury yields are down 0.5% in Monday’s European session but are still almost 15% higher this calendar year near 4.60%.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, ticks lower but remains broadly sideways around 108.00.

Market speculation for the Fed to follow a slower rate-cut path next year stemmed from the central bank’s latest dot plot, which showed that policymakers collectively see the Federal fund rate heading to 3.9% by the end of 2025.

Fed policymakers shifted their stance on interest rates from ‘dovish’ to ‘cautious’ as they were upbeat about the United States’ (US) economic growth. Additionally, a slowdown in the disinflation process in the last few months forced them to guide fewer rate cuts for the next year.

This week, investors will focus on the US ISM Manufacturing PMI data for December, which will be released on Friday. The Manufacturing PMI is estimated to have come in at 48.3, slightly lower than 48.4, which suggests that manufacturing output contracted at a slightly faster pace.

Silver technical analysis

Silver price stays below the upward-sloping trendline after a breakdown near $30.00, which is plotted from the February 29 low of $22.30 on a daily timeframe,. The white metal wobbles around the 200-day Exponential Moving Average (EMA), suggesting that the longer-term outlook is uncertain.

The 14-day Relative Strength Index (RSI) falls inside the 20.00-40.00. A fresh bearish momentum would trigger if it sustains in that range.

Looking down, the September low of $27.75 would act as key support for the Silver price. On the upside, the 50-day EMA around $30.90 would be the 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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30 12, 2024

USD/JPY Forecast Today 30/12: Struggles at 158 (Video)

By |2024-12-30T14:19:44+02:00December 30, 2024|Forex News, News|0 Comments

  • The US dollar pulled back just a bit during the early hours on Friday, as it looks like the 158 yen level continues to be a major barrier.
  • This is an area where we’ve seen a lot of action in the past, so it does make a certain amount of sense that we would continue to look at this through the prism of a market that’s trying to bust through a major barrier.

I think it’s going to take some work, and I also think it is difficult to assume that the market is just going to be able to slice through there. Longer term, I do believe that the interest rate differential in the United States, in comparison to Japan will be a major factor. And we will eventually break out to the upside, but we may have to pull back a couple of times in order to build up pressure in a market that is a little extended. And of course, we also have the specter of illiquidity at the moment due to the fact that we are between two major holidays.

In Conclusion

So, in short, the way I look at this USD/JPY chart is I am trying to find a buying opportunity on pullbacks that show signs of a bounce. I would be very patient at this point in time, there’s no need to rush this because once traders come back after New Year’s Day, it is likely to be very volatile and very noisy. Therefore, you have to keep in mind that you’ve got a situation where traders will probably have to deal with a lot of back and forth chops.

The 155 yen level at the moment for me at least is going to be the floor in the market. If we were to break down below there, then we may have to rethink some things. But as things stand right now, I just think you don’t have enough volume in the market to finally break out above the 158 yen level, at least not right now.

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

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30 12, 2024

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By |2024-12-30T14:18:19+02:00December 30, 2024|Dietary Supplements News, News|0 Comments


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