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24 12, 2024

EUR/USD Analysis Today – 24/12: Euro’s Decline (Chart)

By |2024-12-24T14:46:14+02:00December 24, 2024|Forex News, News|0 Comments

  • In the shortened trading week due to Christmas holidays, the performance of the Euro is likely to remain under pressure against the US Dollar.
  • Since the beginning of the week’s trading, the EUR/USD exchange rate has been stable around and below the support level of 1.0400, and as mentioned, any attempts at short-term recovery will be weak.

Reasons for the Euro’s Decline Against the US Dollar

According to licensed trading platforms, the EUR/USD pair is facing pressure again, as it failed to extend the recovery it achieved last Friday. European Central Bank President Christine Lagarde told the Financial Times at the beginning of trading this week that she is optimistic that the central bank is on track to achieve its 2.0% inflation target. Lagarde stated that we are “very close” to the point where “we achieve sustainably a 2% inflation rate over the medium term.”

The comments reinforce the view that declining inflation will allow the ECB to “outperform” similar central banks in the coming months, keeping the euro under pressure, especially against the US dollar. Additionally, the ongoing political and economic uncertainty plaguing the largest economies in the Eurozone continues to affect investor sentiment towards the euro.

The US Federal Reserve is Not in a Hurry to Cut Interest Rates in 2025

In this context, and with the latest announcement, the US Federal Reserve indicated that it is likely to cut US interest rates only twice in 2025 amid a recovery in economic activity. However, the US dollar declined slightly on Friday following the release of some US inflation figures in personal consumption expenditures, which came in below expectations, reducing the US dollar’s rise.

According to economic calendar data, the core personal consumption expenditures price index in the United States increased by 0.1% on a monthly basis in November, half the expected rate of 0.2%. The year-over-year comparison remained unchanged at 2.8% in November, while the market expected an increase to 2.9%. Overall, this has provided some relief in the market and intensive selling of the US dollar, which needs a constant supply of “hawkish” data surprises to fuel its rise. Therefore, any accurate or below-expectations data will lead to declines in the US currency.

However, some forex analysts believe that by early 2025, the weakness of the EUR/USD pair may resume with the confirmation of more superior US economic performance. Also, the setup for the markets until 2025 is good for the trends to continue. Moreover, the US elections and the shift to a stronger US dollar have received support from the Federal Open Market Committee (FOMC), which reduced expectations of interest rate cuts in 2025.

According to the forex analysis team at MUFG Bank, “Our outlook for the EUR/USD outlook remains that the euro will decline to near parity in the first quarter of next year before stabilizing and recovering moderately in the second half of the year.” MUFG Bank believes this is due to the divergence in economic performance between the Eurozone and the United States, which continued during the first part of the year before fading.

Trading Tips:

Keep in mind that the EUR/USD trend will remain bearish and stability below the 1.05 support confirms the strength of the bears’ control. The current trading week includes the Christmas holidays, which affects liquidity and investors’ desire to trade.

EUR/USD Analysis Today:

Dear reader, according to the latest trading performance of the EUR/USD pair, there is now decent support at the horizontal support line 1.0344, which is where the euro’s weakness was bought last week over three consecutive days. Technically, any weakness in the euro-dollar pair this week would likely test this area first and may be bought again, allowing for a more neutral tone. However, caution should be exercised as a break below the 1.0344 support level could lead us to the next important support level of 1.0230 in a relatively short period. From there, it will quickly reach the euro-dollar parity. Overall, market conditions will be tense in the next two weeks, but there are still some economic reports to watch. Low liquidity can often lead to large movements, indicating that we are not necessarily in a state of idleness for trading.

As mentioned before and we confirm now, any attempts by the EUR/USD to recover upwards will be weak and prone to a rapid collapse.

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

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24 12, 2024

What Is Vitamin B12 Deficiency, A ‘Silent Epidemic’ That Is Affecting Indians, And What Does It Do To The Body

By |2024-12-24T14:43:08+02:00December 24, 2024|Dietary Supplements News, News|0 Comments


Vitamin B12 deficiency, once considered rare, is increasingly being diagnosed across diverse age groups and demographics worldwide. This essential vitamin, crucial for nerve health, DNA production, and red blood cell formation, is often overlooked, which leads to a range of health complications when deficient. According to a recent research Dietary deficiency of vitamin B12 due to vegetarianism is increasing and causes hyperhomocysteinemia.

What is Vitamin B12 deficiency?

Vitamin B12, or cobalamin, is a water-soluble vitamin predominantly found in animal-based foods such as meat, fish, eggs, and dairy. It plays a vital role in maintaining neurological function and the production of healthy red blood cells. A deficiency arises when intake is inadequate, absorption is impaired, or in conditions where the body’s demand for the vitamin increases.

“Vitamin B12 deficiency is a type of deficiency that occurs when your body does not get sufficient amounts of Vitamin B12. It is one of the essential vitamins that is necessary. This deficiency can be caused due to various factors such as eating a diet that is poor in vitamin B12, absorption issues, or medical conditions like pernicious anemia,” says DR Manjusha Agarwal, Senior Consultant Internal Medicine, Gleneagles Hospital in Mumbai. Dr. Aniket Mule, Consultant Internal Medicine at Wockhardt Hospitals in Mumbai, says that Vitamin B12 deficiency has become common. “If not managed at the right time, Vitamin B12 deficiency can lead to serious consequences.”

How much Vitamin B12 one needs?

The amount of vitamin B12 you need each day depends on your age. Average daily recommended amounts for age groups is given below.

How much Vitamin B12 one needs? (ETV Bharat)

Who is at eisk?

According to Dr. Agarwal several factors contribute to B12 deficiency. “Those who follow strict diets particularly, vegan without any type of supplements or fortified foods are more likely to experience this deficiency,” he says. Dr. Mule agrees that the causes of Vitamin B12 deficiency are seen due to lack of dietary intake, “It can also result from anemia, gastrointestinal disorders, or the long-term use of certain medications.”

Some of the other factors that the experts point out are:

  • Dietary choices: The rise of vegetarianism and veganism has led to a greater risk of deficiency, as plant-based foods do not naturally contain B12.
  • Age: Older adults often struggle with B12 absorption due to decreased stomach acid production.
  • Medical conditions: Chronic conditions such as Crohn’s disease, celiac disease, and pernicious anemia can interfere with B12 absorption.
  • Medications: Long-term use of medications like metformin (for diabetes) and proton pump inhibitors (for acid reflux) may hinder B12 absorption.

“We’re seeing more young adults and even teenagers presenting with symptoms related to B12 deficiency, primarily due to restrictive diets or poor nutrition,” says Dr. Mule.

Symptoms to watch for

The symptoms of B12 deficiency can vary widely and may develop slowly over time. According to Dr. Agarwal, the symptoms can include fatigue, weakness, numbness in hands and feet, difficulty concentrating, and pale or yellowish skin. “If these symptoms are neglected or left untreated it can worsen over time, while significantly increasing the risk of various complications like nerve damage, memory loss, and mental health conditions like depression,” he warns. If left unchecked, Dr Mule says untreated B12 deficiency may also increase the risk of cardiovascular problems.

Representational Image

Representational Image (Freepik)

Common signs include:

  • Persistent fatigue
  • Weakness
  • Numbness or tingling in hands and feet
  • Memory problems or difficulty concentrating
  • Mood changes, including depression and irritability
  • Pale or jaundiced skin

Foods that are high in Vitamin B12

Animal-Based Foods like Shellfish, Clams, mussels, and oysters, meat, chicken, eggs, and dairy products like milk, cheese, and yogurt are primary source of Vitamin B12. Additionally, fortified foods like plant-based milk (soy, almond, oat), breakfast cereals labeled as B12-fortified, and nutritional yeast with added B12 are recommended for vegetarians as a strong source of B12.

“However, in case if you are unable to get enough B12 from your dietary choices, you can take vitamin supplements. Your doctor may suggest some supplements such as tablets or B12 injections according to your body’s needs,” says Dr. Agarwal. While there are over-the-counter B12 supplements available, Dr. Mule suggests to consult an expert before starting any kind of supplements.

Representational Image

Representational Image (Freepik)

How do you know if you are getting enough Vitamin B12?

Most people in India obtain vitamin B12 through the food they eat. However, some individuals face challenges in absorbing vitamin B12. The absorption process involves two steps: first, hydrochloric acid in the stomach separates vitamin B12 from the protein it’s attached to. Then, the free vitamin B12 binds with a stomach-produced protein called intrinsic factor, allowing the body to absorb it.

Vitamin B12 from dietary supplements is not attached to protein, so it bypasses the first step. However, it still requires intrinsic factor for absorption.

People with pernicious anemia, an autoimmune condition, cannot produce intrinsic factor, making it difficult for them to absorb vitamin B12 from both food and supplements. This condition is often treated with vitamin B12 injections or, in some cases, high oral doses of the vitamin.

Vitamin B12 deficiency affects between 3% and 43% of older adults. A simple test can determine if you have a deficiency. Several groups are at higher risk of vitamin B12 deficiency or absorption issues:

Many have reduced levels of hydrochloric acid, making it difficult to extract vitamin B12 from food. People over 50 are advised to rely on fortified foods or supplements for their vitamin B12 intake.

This autoimmune condition results in low production of hydrochloric acid and intrinsic factor, reducing vitamin B12 absorption.

People with this condition lack intrinsic factor and require treatment, often through B12 injections or high-dose supplements.

Procedures like weight-loss surgery or the removal of part or all of the stomach can impair the production of hydrochloric acid and intrinsic factor.

Conditions like celiac disease and Crohn’s disease may interfere with vitamin B12 absorption.

Since vitamin B12 occurs naturally only in animal products, individuals following plant-based diets may not get enough of it. Pregnant and breastfeeding women who are strict vegetarians or vegans may also risk vitamin B12 deficiency in their babies.

If you belong to any of these groups, consult your doctor to ensure you are meeting your vitamin B12 needs.

Representational Image

Representational Image (Freepik)

Preventive measures

As they say, “Prevention is always better than cure”. Here’s what experts recommend:

  • Balanced diet: Include B12-rich foods such as meat, fish, eggs, and dairy. For vegetarians and vegans, fortified cereals, plant-based milks, and nutritional yeast are excellent sources.
  • Regular screening: Especially for high-risk groups such as older adults, individuals with chronic conditions, and those on restrictive diets.
  • Supplementation: Consider B12 supplements, particularly if dietary intake is inadequate or absorption issues are present.

“Awareness is the first step,” emphasises Dr. Agarwal. “It is better to take charge of your health and ensure to keep the vitamin B 12 in the recommended range.”

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  3. Foods That Diabetes Patients Should Avoid At All Costs



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24 12, 2024

Dogecoin Price Prediction: Will Elon Musk Pump DOGE to $1 in 2025 As JetBolt Presale Surges in Buying Craze

By |2024-12-24T14:38:39+02:00December 24, 2024|Crypto News, News|0 Comments

Dogecoin (DOGE) and JetBolt (JBOLT) are dominating crypto news headlines as the new year begins, thanks to interesting developments surrounding them.

Dogecoin saw remarkable gains in November, fueled by Donald Trump’s presidential triumph. With a crypto-oriented administration in 2025, and Elon Musk’s role as co-leader of the Department of Government Efficiency (D.O.G.E.), will Dogecoin reach the elusive $1 mark?

Meanwhile, fast-rising crypto JetBolt is turning heads with its explosive entrance into the market. Since its presale launch, JetBolt has sold over 200 million tokens. Can JetBolt sustain its blazing presale momentum, and can Dogecoin break the $1 barrier with Elon Musk? Let’s find out.

Dogecoin Price Forecast: Can DOGE Hit $1 with Elon Musk? 

Dogecoin (DOGE) has been trading between $0.30 and $0.40 for the past month, leaving crypto aficionados wondering if it can regain pace and reach $1 by 2025, especially given Elon Musk’s influence.

While Musk’s occasional mentions of DOGE have already inspired rallies, Dogecoin may require more than short-lived buzz to break beyond the $1 barrier. Trading at a press time price of $0.32, DOGE is below its critical resistance level of $0.42, facing barriers that necessitate greater catalysts for a breakout.

Dogecoin’s price chart on CoinMarketCap reveals a noticeable decline, with DOGE dropping to its current level of $0.32

Adding to concerns, a recent report from U.Today labeled the decline in Dogecoin’s trading volume as “worrying.” High trading volumes usually indicate strong support for upward price movements. However, Dogecoin’s dropping trading volume could mean investor interest is waning, resulting in DOGE’s slow price action.

Meanwhile, Musk’s influence in propelling DOGE to its historic $1 rally will remain to be seen in the upcoming term of Trump and Musk’s position as the co-head of the D.O.G.E. agency.

For now, Dogecoin needs to show resilience and break through the $0.42 resistance before targeting higher levels like $1.

JetBolt Presale Soars, Beyond 200 Million Tokens Sold

While Dogecoin still needs to break through its current levels before having a strong foundation to reach $1, the new altcoin JetBolt is blazing with an astonishing presale milestone—selling over 200 million tokens since its presale started.

But beyond the numbers, JetBolt is already an interesting coin to watch. With its groundbreaking features, it’s no surprise why blockchain whales and next-gen altcoin enthusiasts are closely monitoring this young token.

Zero-gas technology is one of JetBolt’s main attractions. This high-tech feature enables crypto users to make hassle-free, gasless blockchain transactions. JetBolt’s zero-gas tech feature also benefits developers, as they no longer have to worry about paying expensive gas fees to build a wide range of blockchain applications.

Apart from zero-gas fee transactions, JetBolt also makes staking fun and less intimidating. Its innovative crypto-staking platform allows stakers to earn bonus rewards when they connect with friends on the platform.

JetBolt also provides token holders an artificial intelligence (AI) crypto insights tool. This interesting feature allows them to explore blockchain news and other trending developments in the Web3 space.

Making its presale phase even more exciting, JetBolt offers early buyers exclusive perks. One of these is the chance to get up to 25% extra tokens when they purchase Alpha Boxes or JetBolt tokens in batches.

With the revolutionary features and presale advantages JetBolt offers, it’s becoming clearer why JetBolt has achieved such a massive milestone despite being relatively new to the market.

Dogecoin Price Prediction: Will Elon Musk Pump DOGE to in 2025 As JetBolt Presale Surges in Buying Craze

Conclusion — Dogecoin Eyes a $1 Climb with Elon While JetBolt Presale Skyrockets

Dogecoin’s soar to $1 is out of reach yet, as it needs more than Musk’s influence to reach this level. Meanwhile, young altcoin JetBolt continues its steady ascent as its presale continues to gain massive traction from large buyers. JetBolt has captivated early buyers with its stellar presale figures, exciting perks, and, most importantly, its fresh, high-tech features like zero-gas technology.

Discover more about JetBolt by visiting the official JetBolt website today.

This article does not offer any financial advice. Always conduct thorough and independent research before acquiring any cryptocurrency. Remember, all crypto assets are inherently risky and can be highly volatile. 

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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24 12, 2024

GBP/USD Forecast Today 24/12: Struggles Against USD (Video)

By |2024-12-24T12:45:16+02:00December 24, 2024|Forex News, News|0 Comments

  • The British pound has initially tried to rally a bit during the trading session on Monday, but as you can see, has struggled a bit to continue to go higher and has turned things around actually to show signs of weakness.
  • With that being the case, I think you’ve got a situation where traders will look at this through the prism of a market that is testing the 1.25 level for some type of support.
  • If it continues to find support at the 1.25 level, then we may enter a range between 1.25 and 1.2750, which is a range that we’ve been in for a while now.

All things being equal, I do think it could very well be that case. We also have to keep in mind that this is a market that is dealing with a serious lack of liquidity at this point. Therefore, we have to pay attention to the idea of the holidays being a time where you probably should be leaving this alone. But even if we do have to trade this or we find that we are trading this, if we were to break down below the 1.25 level, I think the downside is somewhat limited, at least in the short term.

Trying to Find Value?

Short term speaking, I think you’ve got a situation where GBP/USD traders will be looking at this through the prism of trying to find value. But if we break down below the 1.25 level, 1.23 is an area where we’ve seen buyers come in previously, and it wouldn’t surprise me to see the British pound defended there. On the upside, the 1.275 zero level has been extraordinarily difficult to get above, and now we have the 50 day EMA there as well. I suspect the next couple of days will be more sideways with a downward slant than anything else.

Ready to trade our daily GBP/USD Forex analysis? Check out the best forex trading company in UK worth using. 

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24 12, 2024

Key Steps for Setting Up a Green Tea Bags Manufacturing Facility

By |2024-12-24T12:42:31+02:00December 24, 2024|Dietary Supplements News, News|0 Comments


Green tea bags have emerged as a convenient and healthful way to enjoy one of the world’s most celebrated beverages. Green tea, made from unoxidized camellia sinensis leaves, is rich in antioxidants, particularly catechins and flavonoids, which are known for their numerous health benefits. The portability and ease of preparation that tea bags offer make them an ideal choice for both home and on-the-go use. In addition to being a green tea is lauded for its potential to aid in weight management, improve brain function, and reduce the risk of chronic illnesses like cardiovascular disorders and diabetes.

The rising people focus on health and wellness is the perennial driver fueling the global green tea bags market. As individuals become highly conscious of their dietary choices, the preference for antioxidant-rich and naturally beneficial beverages like green tea has surged. Moreover, the convenience factor associated with tea bags, allowing users to enjoy their tea with minimal effort, continues to strengthen their popularity.

IMARC’s new report titled “Green Tea Bags Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue, provides a comprehensive roadmap for setting up a green tea bags manufacturing plant. The study encompasses all the essential information needed to enter the green tea bags industry. It is a valuable resource for entrepreneurs, investors, researchers, consultants, business strategists, and anyone with an interest or stake in the green tea bags sector.

Request for a Sample Report: https://www.imarcgroup.com/green-tea-bags-manufacturing-plant-project-report/requestsample

Key factors for setting up a green tea bags manufacturing plant:

1. Market Research

The market is further driven by the introduction of flavored and herbal blends, which cater to diverse palates while enhancing the sensory appeal of green tea. Additionally, the escalating adoption of sustainable and biodegradable packaging solutions in the tea industry reflects a growing consumer demand for environmentally conscious products. As sustainability remains a critical concern, brands are expected to intensify their efforts toward zero-waste practices and renewable material adoption, aligning with eco-conscious consumer values. These advancements position green tea bags not only as a healthful beverage option but also as a symbol of innovation and responsible consumption in the years to come.

The report offers an exhaustive overview of the global green tea bags industry, including a detailed breakdown by segments and regions within the sector. It also includes in-depth analyses of prices involved, market trends and historical data and forecast.

• Market Trends

• Market Breakup by Segment

• Market Breakup by Region

• Price Analysis

• Market Forecast

Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=16194&flag=C

2. Planning and Designing

A detailed and up-to-date business plan is indispensable for mapping out the steps to establish and operate a green tea bags manufacturing facility. This report offers in-depth details about the process flow and the various unit operations involved in a green tea bags production plant.

• Product Overview

• Unit Operations Involved

• Mass Balance and Raw Material Requirements

• Quality Assurance Criteria

• Technical Tests

3. Legal and Regulatory Compliance

Understanding and complying with the intricate framework of business laws and regulations is a vital aspect of establishing a green tea bags manufacturing facility. This requires a detailed knowledge of legal obligations, such as labor laws, environmental standards, tax policies, and industry-specific regulations.

4. Plant Requirements and Costs

The report offers a detailed location analysis, including insights into land selection, key criteria, location importance, environmental considerations, and associated costs for establishing a green tea bags manufacturing facility. It also provides information on plant layout and the factors that impact its design.

• Land, Location and Site Development

• Plant Layout

• Machinery Requirements and Costs

• Raw Material Requirements and Costs

• Packaging Requirements and Costs

• Transportation Requirements and Costs

• Utility Requirements and Costs

• Human Resource Requirements and Costs

5. Hiring and Training

Effective workforce planning and recruitment strategies are critical for assembling a skilled and efficient team to manage a green tea bags manufacturing plant. This process includes identifying the specific skills and qualifications needed for different roles and anticipating future staffing requirements based on production goals and business expansion.

• Complying with Labor Laws and Regulations

• Implementing Training Programs for Employees

• Developing Health and Safety Protocols

6. Supply Chain Management

Building strong partnerships with suppliers and vendors is crucial to maintaining a dependable and cost-efficient supply chain. This requires choosing partners who can reliably deliver high-quality raw materials and components at competitive rates.

• Implementing Efficient Inventory Management Systems

• Planning Logistics and Transportation Networks

7. Project Economics

This entails a thorough analysis of the costs associated with a green tea bags manufacturing plant, covering capital expenditure (CapEx), operating expenditure (OpEx), income forecasts, taxation, depreciation, liquidity, profitability, payback period, net present value (NPV), uncertainty, sensitivity assessments, etc. In addition to this, it includes an in-depth review of financial assistance options and a comprehensive list of certifications necessary for establishing the plant.

• Capital Investments

• Operating Costs

• Expenditure Projections

• Revenue Projections

• Taxation and Depreciation

• Profit Projections

• Financial Analysis

8. Marketing and Distribution Strategies:

Creating a robust marketing strategy and establishing strong brand positioning are vital for building a manufacturing plant’s market presence. This process includes conducting thorough market research to identify customer needs, preferences, and competitive trends.

• Identifying Distribution Channels and Sales Networks

• Leveraging Digital Marketing and E-Commerce Platforms

• Participating in Trade Shows and Industry Events

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company excel in understanding its client’s business priorities and delivering tailored solutions that drive meaningful outcomes. We provide a comprehensive suite of market entry and expansion services. Our offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.



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24 12, 2024

Cardano (ADA) Price Prediction for December 24

By |2024-12-24T12:37:48+02:00December 24, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Some of the coins have come back to the green zone, according to CoinMarketCap.

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Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has dropped by 1% since yesterday.

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Image by TradingView

On the hourly chart, the price of ADA is looking bearish, as it is near the local support. 

Related

BTC, ETH and XRP Price Prediction for December 23

If the breakout of the $0.8931 level happens, the decline is likely to continue to the $0.88-$0.89 area.

Article image
Image by TradingView

On the bigger time frame, bulls have failed to maintain yesterday’s upward move. If the situation does not change by the end of the day, sellers may again seize the initiative, which may lead to a drop to the $0.85 zone.

Article image
Image by TradingView

From the midterm point of view, the picture is also rather more bearish than bullish. If the weekly bar closes around the current prices or below them, traders may witness a test of the $0.8173 level shortly.

ADA is trading at $0.8961 at press time.

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24 12, 2024

Euro looks to extend sideways action

By |2024-12-24T10:44:07+02:00December 24, 2024|Forex News, News|0 Comments

  • EUR/USD trades in a narrow channel near 1.0400 early Tuesday.
  • Trading action is likely to remain subdued on Christmas Eve. 
  • Technical picture highlights the pair’s indecisiveness in the near term.

EUR/USD closed marginally lower on Monday but the pair remained confined within a tight channel. The pair fluctuates near 1.0400 in the European morning on Tuesday as trading conditions thin out on Christmas Eve.

Euro PRICE Last 7 days

The table below shows the percentage change of Euro (EUR) against listed major currencies last 7 days. Euro was the weakest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   1.09% 1.16% 1.87% 0.88% 1.96% 2.33% 0.60%
EUR -1.09%   0.07% 0.75% -0.21% 0.85% 1.22% -0.48%
GBP -1.16% -0.07%   0.71% -0.27% 0.78% 1.15% -0.54%
JPY -1.87% -0.75% -0.71%   -0.95% 0.14% 0.49% -1.17%
CAD -0.88% 0.21% 0.27% 0.95%   1.07% 1.43% -0.26%
AUD -1.96% -0.85% -0.78% -0.14% -1.07%   0.36% -1.33%
NZD -2.33% -1.22% -1.15% -0.49% -1.43% -0.36%   -1.67%
CHF -0.60% 0.48% 0.54% 1.17% 0.26% 1.33% 1.67%  

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).

Mixed macroeconomic data releases from the US limited the US Dollar’s (USD) gains on Monday and helped EUR/USD find a foothold.

The US Census Bureau reported that Durable Goods Orders declined by 1.1% on a monthly basis in November, coming in worse than the market expectation for a decrease of 0.4%. Meanwhile, the Conference Board’s Consumer Confidence Index fell to 104.7 in December from 112.8 (revised from 111.7) in November. On a positive note, New Home Sales increased by 5.9% in November following the 14.8% decrease recorded in October.

The economic calendar will not feature any macroeconomic data releases. Bond and stock markets in the US will operate half day on Tuesday and remain closed on Christmas Day on Wednesday.

EUR/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the 4-hour chart stays slightly below 50 but EUR/USD fluctuates at around the 20-period Simple Moving Average (SMA), highlighting a lack of directional momentum.

First resistance could be spotted at 1.0440 (static level) before 1.0490-1.0500, (100-period Simple Moving Average (SMA), static level). On the downside, 1.0350 (static level) and 1.0300 (static level, round level) could be seen as next support levels if EUR/USD confirms 1.0400 (static level, round level) as resistance.

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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24 12, 2024

Probiotic Ingredients Market: Driving Gut Health Revolution

By |2024-12-24T10:41:08+02:00December 24, 2024|Dietary Supplements News, News|0 Comments


Probiotic Ingredients Market

The global probiotic ingredients market size is expected to reach a valuation of US$ 9,734.8 million by 2033. The sales of probiotic ingredients are likely to grow at an above-average CAGR of 6.4% from 2023 to 2033. The market is expected to experience significant growth in the forecast period, driven by increasing health awareness and the rising demand for functional foods.

The market is witnessing a shift towards natural and healthy products, which is driving the demand for probiotic ingredients. In addition, the increasing use of probiotics in dietary supplements, animal feed, and pharmaceuticals is expected to propel market growth further. The increasing number of product launches and partnerships between manufacturers and distributors are also contributing to market growth. However, the high cost of production and lack of standardization in labeling regulations may hamper the growth of the market in the coming years.

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Recent advancements in technology have allowed for more research on gut flora and the potential of probiotics to improve metabolic and psychological conditions, leading to the expansion of probiotics into new indication areas. Probiotic supplements offer a modern-day solution to these critical issues encountered by females. Manufacturers and marketers have introduced several probiotic supplements targeting females, responding to their needs. These developments are expected to bolster the global market for probiotic ingredients over the forecast period.

Consumption of a probiotic diet after antibiotic treatment results in the expansion of helpful microbes, which are likely to strengthen immunity and protect the body from further illnesses during the recovery stage. The diverse types of probiotic ingredients and supplements available in the market are driving its growth, catering to the varied needs of consumers. The unique types of probiotic ingredients and supplements such as probioslim, florastor, and align are gaining popularity due to their effective results in aiding in the recovery process.

Key Takeaways from the Probiotic Ingredients Market:

The bacterial probiotic ingredients segment is expected to record 5.6% CAGR from 2023 to 2033, becoming the leading product type.

Dietary supplements are predicted to increase at the fastest rate among end-use segments, with a CAGR of 6.5% from 2023 to 2033.

The probiotic ingredients industry in the United States is predicted to grow at a 5.9% CAGR from 2023 to 2033, with a market value of US$ 1,288.7 million.

The probiotic ingredients industry in the United Kingdom is estimated to be valued at US$ 805.4 million by 2033.

By 2033, China’s probiotic ingredients industry is expected to be worth US$ 735.0 million.

By 2033, Germany’s probiotic ingredients industry is estimated to be worth US$ 644.3 million.

The probiotic ingredients industry in Spain is expected to be worth US$ 483.3 million by 2033.

Who is Winning?

The probiotic ingredients industry is highly competitive and fragmented, with numerous players operating in the market. Some of the major companies operating in the market include DuPont Nutrition & Health, Chr. Hansen Holding A/S, Lallemand Inc., Kerry Group Plc, and Koninklijke DSM N.V. These companies are focusing on developing new products and technologies to gain a competitive edge in the market.

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Apart from the major players, there are several small and medium-sized enterprises operating in the market, which are primarily focused on niche applications. These players are focused on developing innovative products and applications to cater to changing consumer needs. Additionally, there are several regional players operating in the market, which are focused on catering to the specific needs of the local market.

The market players are adopting various strategies to gain a competitive edge in the market. Some of the common strategies adopted by the companies include mergers and acquisitions, partnerships, collaborations, and joint ventures. These strategies are aimed at expanding their product offerings and enhancing their market presence. Additionally, companies are also focused on investing in research and development activities to develop new and innovative products.

Key Segments

By Product Type:

Bacterial

Lactobacillus

Bacillus

Enterococcus

Bifidobacterium

Streptococcus

Others

Yeast

Saccharomyces Cerevisiae

Saccharomyces Boulardii

By End Use:

Food & Beverages Processing

Bakery & Confectionery

Breakfast Solutions

Cultured Dairy Products

Ice Cream & Frozen Desserts

Snacks & Bars

Infant Nutrition

Beverages & Dairy Drinks

Dietary Supplements

Immune Health

Gut & Digestive Health

Women’s Health

Personal Care & Cosmetics

Animal Feed

By End Product Form:

Powder

Suspension

Granule

Capsule

Stick Pack

Tablet/Chewable

Gel

Region:

North America

Latin America

Europe

Japan

APEJ

Oceania

Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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24 12, 2024

XRP Price Prediction For December 24

By |2024-12-24T10:36:43+02:00December 24, 2024|Crypto News, News|0 Comments

Ripple’s XRP is currently up by more than two percent and is trading above the crucial $2.15 level at the time of writing. According to analysts XRP market remains in an uptrend on the larger time frame, with key support found between $1.50 and $1.79.

As long as XRP holds above these levels, the focus is on higher price targets. However, it is essential to note that the market remains fragile, as the breakout point is not yet fully established.

Consolidation Phase and Potential for Higher Prices 

At present, XRP is consolidating, but there is still potential for upward movement. A successful breakout and further momentum could lead to an attack on the all-time high, which remains a strong possibility in the near future. However, a drop below the $1.96 level would shift the focus to the key support zone, between $1.50 and $1.79.

Short-Term Outlook: Sideways Consolidation 

The price action appears to be in a sideways consolidation pattern, similar to what is seen on the HBAR chart. This consolidation could represent an Elliott Wave triangle pattern, which often leads to boring price movements. The triangle consists of five waves, and we are currently in the process of completing these waves. To confirm the continuation of this pattern, XRP would need to hold above the low of the C-wave at $1.94.

If the price falls below $1.94, XRP could enter the Fibonacci support zone between $1.39 and $1.80, where further consolidation or correction may occur. 

Conclusion: Waiting for Confirmation 

Currently, there is little new development in the market, as XRP is either consolidating or showing minimal movement. The key levels to watch are $1.96 to the downside and the B-wave high around $2.72 to the upside. Any movement beyond these points will give clearer direction, but until then, we remain in a wait-and-see mode.

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FAQs

Is XRP worth buying now?

XRP’s current price above $2.15 indicates potential for upward movement, but market volatility means investors should watch key support levels closely.

How much will XRP reach in 2025?

XRP’s future price depends on market trends and technical developments. Analysts suggest potential growth if it breaks key resistance levels.

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24 12, 2024

XAU/USD remains stuck between two key barriers amid thin trading

By |2024-12-24T10:03:11+02:00December 24, 2024|Forex News, News|0 Comments


  • Gold price reverses the previous decline but remains in a familiar range early Tuesday.        
  • The US Dollar holds the latest upswing alongside the US Treasury bond yields amid thin trading.
  • Gold price remains a ‘sell-on-bounce’ trade amid bearish daily RSI, stuck between two key SMAs.

Gold price is attempting another run higher while defending the $2,600 threshold early Tuesday. In doing so, Gold price replicates the recovery moves seen in Monday’s trading, which eventually fizzled out on a broad US Dollar (USD) comeback in tandem with US Treasury bond yields.  

Gold price looks to extend range play amid light trading

The further upside in Gold price could remain limited as the Greenback stays supported by the US Federal Reserve’s (Fed) hawkish tilt at its December policy meeting. Expectations of higher-for-longer US interest rates continue to underpin the US Treasury bond yields and the USD, rendering negative for the non-interest-bearing Gold price.

The US central bank lowered policy rate by 25 basis points (bps) to 4.25%-4.50% range last week, as widely expected. However, the Fed’s Statement of Economic Projections (SEP), the so-called Dot Plot, predicted two quarter-percentage-point rate reductions by the end of 2025. That is half a percentage point less in policy easing next year than officials anticipated as of September. Rising inflation expectations on the back of US President-elect Donald Trump’s protectionist policies call for higher interest rates.

Additionally, markets prefer to hold the US currency in a Christmas holiday-curtailed week, where trading volumes will likely thin out heading into the New Year festive season. Thin market conditions could exaggerate moves across the financial markets, with investors seeking safety in the Greenback.

Therefore, the Gold price remains a good selling opportunity on recovery attempts going forward, barring the unexpected flaring up of any conflicts in the Middle East or between Russia and Ukraine. Gold traders will remain at the mercy of the market sentiment and the US Dollar dynamics, refraining from placing any fresh directional bets on the bright metal.

Gold price technical analysis: Daily chart

Technically, Gold price remains more or less the same from a short-term perspective so long as the 14-day Relative Strength Index (RSI) holds below the 50 level.

Currently, Gold’s price defends the 100-day Simple Moving Average (SMA) of $2,611 while it continues to face sellers at the 21-day SMA of $2,642.  

Acceptance above the 21-day SMA is needed to negate the bearish momentum, which will call for a test of the 50-day SMA at $2,668.

Further up, the $2,700 mark will come into play.

If Gold buyers give up, a sustained break below the 100-day SMA resistance-turned-support at $2,611 will put the monthly low of $2,583 to the test.

The next relevant supports are November 15 and 14 lows at $2,555 and $2,537, respectively, could come into play.

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

 



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