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11 12, 2024

Kenya’s Roasted Coffee Market Report 2024

By |2024-12-11T17:18:18+02:00December 11, 2024|Forex News, News|0 Comments


Roasted Coffee Market Size in Kenya

The Kenyan roasted coffee market declined modestly to $X in 2023, dropping by X% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Roasted Coffee Production in Kenya

In value terms, roasted coffee production amounted to $X in 2023 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2023 and is likely to see steady growth in years to come.

Roasted Coffee Exports

Exports from Kenya

Roasted coffee exports from Kenya soared to X tons in 2023, rising by X% on 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, roasted coffee exports surged to $X in 2023. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the near future.

Exports by Country

Denmark (X tons) was the main destination for roasted coffee exports from Kenya, accounting for a X% share of total exports. Moreover, roasted coffee exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the Netherlands (X% per year).

In value terms, Denmark ($X) remains the key foreign market for roasted coffee exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average roasted coffee export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Coffee Imports

Imports into Kenya

After two years of growth, supplies from abroad of roasted coffee decreased by X% to X tons in 2023. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, roasted coffee imports shrank sharply to $X in 2023. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Italy (X tons), Uganda (X tons) and Portugal (X tons) were the main suppliers of roasted coffee imports to Kenya, together accounting for X% of total imports. Ethiopia, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

From 2013 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest roasted coffee suppliers to Kenya were Portugal ($X), Uganda ($X) and Italy ($X), with a combined X% share of total imports. Switzerland, Ethiopia and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average roasted coffee import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2022 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest roasted coffee consuming country worldwide, comprising approx. 22% of total volume. Moreover, roasted coffee consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by India, with an 8.4% share.

The country with the largest volume of roasted coffee production was China, comprising approx. 21% of total volume. Moreover, roasted coffee production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.4% share.

In value terms, Portugal, Uganda and Italy appeared to be the largest roasted coffee suppliers to Kenya, with a combined 83% share of total imports. Switzerland, Ethiopia and Germany lagged somewhat behind, together comprising a further 14%.

In value terms, Denmark remains the key foreign market for roasted coffee exports from Kenya, comprising 64% of total exports. The second position in the ranking was held by Finland, with a 15% share of total exports. It was followed by the Netherlands, with a 12% share.

In 2023, the average roasted coffee export price amounted to $7,799 per ton, picking up by 14% against the previous year. Overall, the export price, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2022 an increase of 34%. Over the period under review, the average export prices reached the maximum at $11,876 per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

In 2023, the average roasted coffee import price amounted to $5,208 per ton, waning by -7.3% against the previous year. In general, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2022 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the peak figure at $7,829 per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.



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11 12, 2024

US CPI in focus as cable hits resistance

By |2024-12-11T15:58:01+02:00December 11, 2024|Forex News, News|0 Comments

The GBP/USD has started to ease back as the dollar continues to make gains against other major currencies. The AUD/USD for example hit a 13-month low overnight, with a dovish RBA and concerns about Chinese demand weighing on the Aussie. Elsewhere, the EUR/USD is again testing waters around the 1.05 level amid speculation that the dollar will retain its yield advantage over the euro and other currencies once Trump’s expected spending spree and tax cuts are delivered next year. In contrast, the GBP/USD has only just started to turn lower again after staging a decent 2.5-week recovery from around 1.25 handle. Showcasing the GBP strength is the struggling EUR/GBP. With the latter testing the 0.82 support area, sterling is therefore trading at its best levels since March 2022 against the euro. But against the dollar, it has been held back. In fact, I reckon there is a good chance we may see the GBP/USD start to head lower again and may even go on to break 1.2500 support, once UK’s services inflation eases more significantly – possibly in early next year. If seen, that would allow the BoE to turn more dovish. So, the GBP/USD outlook remains bearish heading into 2025.

 

 

GBP/USD forecast: All eyes on US CPI

 

It’s been a quiet week on the European data front, with investors firmly focused on two key events: today’s US CPI release, due shortly at 13:300 GMT, and tomorrow’s ECB decision.

 

US CPI is expected to edge up to 2.7% year-over-year from 2.6%, serving as the final major data release before the Federal Reserve meets next week. While the Fed seems to have shifted its focus away from inflation, any upside surprise to the already elevated consensus forecast of 0.3% month-on-month for core inflation could boost the dollar.

 

While the December rate decision likely won’t hinge on this CPI print, an unexpectedly hot number could shape the Fed’s stance for early 2025. Following Friday’s softer-than-expected NFP report, markets are now almost fully pricing in a 25bps December rate cut, up from 70% last week. So far, this hasn’t significantly impacted the GBP/USD direction, but it has kept the upside limited, suggesting investors continue to prefer the dollar because of Trump’s forthcoming policies in 2025 expected to boost spending and cut taxes, thus keeping inflation risks alive.

 

Pound gaining strength against the euro

 

Compared to the euro, the pound has had the benefit of a more functioning government and a touch of fiscal stimulus. In contrast, the political gridlock currently gripping parts of continental Europe is a major reason why the euro is struggling. As a result, UK growth prospects for next year look a little brighter than the eurozone’s, although this doesn’t necessarily mean the GBP/USD will rise. Indeed, a potential shift in the BoE’s tone in February, as services inflation cools further, could pose a risk to the pound against all major currencies.

 

 

Technical GBP/USD forecast: Key levels to watch

 

GBP/USD forecast

Source: TradingView.com

 

From a purely technical point of view, the GBP/USD forecast is turning a little bearish again but with the CPI release due, u would probably wait until the data is out of the way before acting my views when it comes to trading the cable.

 

Anyway, key short-term support is at around 1.2715 area; if we break below here today decisively then this could pave the way for a drop to retest the bullish trend line (that has been re-established after a brief break) around 1.2600-1.26200 area. Below that level, we have the psychologically important 1.25 handle, which is basically where the cable last found support from after a brief breakdown to hit 1.2487 at its lowest point in November.

 

In term of resistance, the next level to watch in the event price continues to push higher is between the 1.2800 to 1.12870 range. Here, the cable had found both support and resistance in the past and is where the 200-day average also comes into play.

 

 

 

 

 

— Written by Fawad Razaqzada, Market Analyst

Follow Fawad on Twitter @Trader_F_R

 

 



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11 12, 2024

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By |2024-12-11T15:52:34+02:00December 11, 2024|Dietary Supplements News, News|0 Comments


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11 12, 2024

What’s Next for XRP? Three Key Events That Could Influence Price

By |2024-12-11T15:51:21+02:00December 11, 2024|Crypto News, News|0 Comments

  • Major asset managers, including BlackRock and JPMorgan, are eyeing XRP ETF filings, which, if approved, could lead to a major rally for the altcoin.
  • Ripple’s U.S. dollar-pegged stablecoin, RLUSD, launched yesterday following the approval from NYDFS. Also, a favorable resolution to Ripple’s SEC lawsuit could eliminate regulatory uncertainties.

The XRP price, currently rebounding after a wider market correction, has been under strong observation, given its weekly trend showing a decrease of 11%. However, owing to the 302% surge in the last 30 days, Ripple’s XRP still stands strong. Quoted at $2.34 at press time, XRP enthusiasts are holding their breath for several developments that are to take place in the coming days and push the token’s value upward.

Rising Interest In Spot XRP ETFs

The prospect of a spot XRP ETFs has been highly anticipated. Heavyweight asset managers, such as BlackRock and JPMorgan, are said to be looking at filings for XRP ETFs. Companies like WisdomTree, 21Shares, and Bitwise have already filed applications with the U.S. Securities and Exchange Commission.

Investment firm Canary Capital also filed an application to start an XRP ETF in October, which attracted others’ interest. Approval for an XRP ETF will give individuals regulated exposure to the asset, which is likely to increase mainstream adoption.

The analysts think that the entry of capital that Bitcoin saw after the approval of BTC spot ETFs will be what XRP will undergo if an ETF gets approved. Since BTC recently hit a new all-time high of $103,000, the XRP price could also see an unprecedented surge. Thus, analysts like Armando Pantoja expect the Ripple token to surge to $30, suggesting a whopping 1,182% increase from current levels, reported CNF. 

Ripple’s RLUSD Stablecoin Launch

Ripple has announced the launch of RLUSD, a U.S. dollar-pegged stablecoin, after securing the much-awaited clearance from the New York Department of Financial Services (NYDFS) yesterday, on Tuesday, December 10. Soon after, the XRP price surged over 20% after Ripple announced approval from NYDFS for its RLUSD stablecoin.

Ripple CEO Brad Garlinghouse confirmed the milestone on X, stating, “We have final approval from NYDFS for $RLUSD! Exchange and partner listings will be live soon.” RLUSD is expected to enhance Ripple’s ecosystem, and the company promised further updates upon the stablecoin’s launch.

Market analysts expect the release of RLUSD to spark greater institutional interest. RLUSD’s role in cross-border transactions could highlight XRP’s use case as a bridge asset in Ripple’s payment network.

Will Ripple SEC Lawsuit Be Over Soon?

Ripple’s legal case with the SEC would be a significant factor in influencing XRP’s market performance. Market observers believe that an effective resolution is more likely after the political shift, as President-elect Donald Trump will take over in January.

A settlement or favorable court ruling could eliminate ongoing regulatory uncertainties surrounding XRP and further cement its position as a non-security. Analysts suggest this could act as a significant catalyst for market participants and institutional investors who have been hesitant due to the legal ambiguity. This could potentially drive the XRP price higher, reaching $3 in the short term.


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11 12, 2024

USD/JPY, Oil Forecast: Two trades to watch

By |2024-12-11T13:57:24+02:00December 11, 2024|Forex News, News|0 Comments

USD/JPY tests the 200 SMA ahead of US CPI

  • US CPI is expected to rise 2.7% YoY
  • Japanese wholesale inflation rose to 3.7%
  • USD/JPY tests 200 SMA resistance

USD/JPY is rising for a third day as Japanese wholesale inflation accelerates ahead of US CPI.

The USD is  rising against its major peers ahead of the highly anticipated US CPI reading, which could provide further insight into the Federal Reserve’s outlook for rate cuts.

Expectations are for CPI to rise to 2.7% YoY up from 2.6%. On a monthly basis CPI is expected to rise 0.2% Meanwhile core inflation is expected to hold steady at 3.3%.

A hotter-than-expected inflation could see the market rein in rate cut expectations for next year. The market is pricing in an 86% probability of a 25 basis point rate cut in December, and are looking at around one rate cut per quarter in 2025.

Japanese corporate goods price index (CGPI), which measures the price companies charge for goods and services, increased 3.7% in November ahead of forecasts of 3.4%, marking the quickest pace no price increase since July 2023

The acceleration in wholesale inflation lifted expectations of a 25 basis point rate hike from the Bank of Japan on December 19 to 27%.

USD/JPY Forecast- technical analysis

USD/JPY has recovered from the 100 SMA support, rising back above 150 and is testing the 200 SMA resistance at 152.00.

Buyers will look to break above this level to test 153.85 the 61.8% Fib retracement of the 162 high and 139.50 low. Above here, 157.10, the 78.6% Fib level comes into play.

Failure to rise above the 200 SMA could see sellers test 150.00, the psychological level, ahead of 148.65, the December low, and the 100 SMA.

usd/jpy forecast chart

Oil rises for a third day on China optimism & ahead of the OPEC report

  • A looser monetary policy stance in 2025 lifts the demand outlook
  • OPEC’s monthly report to provide supply & demand clues
  • Oil trades in a familiar holding pattern.

Oil prices are heading higher for a third straight day, supported by optimism surrounding monetary policy change in China.

On Monday, Chinese authorities signaled they would adopt a looser monetary policy stance in 2025 to support the ailing economy.

The prospect of improved growth in China is helping to brighten the outlook for oil demand. In November, China imports rose for the first time in seven months, up 14% year over year.

Still, any changes to the Chinese monetary policy stance would be unlikely to do much in the case of further trade tariffs brought in by Trump.

Attention is now towards the OPEC monthly report, which could provide further insight into the supply and demand outlook. In previous reports group has highlighted increasing supply from outside of OPEC, possible supply surplus next year.

Separately, API oil inventory data shows that oil inventories rose 499k in the week ending Dec 6. Gasoline inventories rise by 2.85 million barrels. Expectations had been for a 900k increase in oil inventories and 1.7 million in gasoline.

Oil Forecast – technical analysis

Oil continues to consolidate in a familiar range, capped on the downside by 67.50 – 67 zone and o the upside by 71.50-72.50.

The longer-term trend is downward, with oil trading below its falling trendline dating back to September 2023 and its 200, 100, and 50 SMAs.

Sellers will look to take out the 67.50 support zone to test 65.25, the 2024 low, and 63.50, the 2023 low.

Buyers will need to rise above the 50 SMA at 70.50 to extend gains towards 71.50-72.50 zone – above here 75.00 comes into play.

oil FORECAST CHART

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11 12, 2024

New Jersey considers ban on sales of diet pills to minors

By |2024-12-11T13:52:00+02:00December 11, 2024|Dietary Supplements News, News|0 Comments


From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know!

New Jersey is considering a ban on sales of diet pills to minors under age 18, with support from health researchers and patients who have suffered from eating disorders.

The proposed bill would ban the sale of weight loss or muscle building pills and supplements to people under age 18, unless accompanied by a parent or guardian. The ban would be enforced by fining the seller up to $750, and would cover online sales as well. The bill passed the New Jersey General Assembly in October, and has been referred to a Senate committee.

Similar laws went into effect in New York and Colorado earlier this year. The supplement industry is pushing back against such legislation, arguing that most of their products are safe and that there is no evidence linking supplements to eating disorders.

Dietary supplements are not sufficiently regulated in the United States, which lead to cases where they contain drugs not listed on the label, said Bryn Austin, a public health researcher at Harvard University. She has advocated for the legislation in New York and New Jersey.

“There is no federal prescreening of dietary supplements before they go to the market for safety or effectiveness,” she said. “What this means is that American consumers are basically the lab rats of this industry.”

Austin also directs the Strategic Training Initiative for the Prevention of Eating Disorders, based out of Harvard University’s T.H. Chan School of Public Health and Boston Children’s Hospital.

In 2019, she co-authored a study that looked at years of federal data. Her study found that diet pills, compared to vitamins, are almost three times more risky for children, sending children to the hospital, and in some cases, leading to disabilities. In another study published in 2020, she found that young women who use diet pills or laxatives to control their weight are several times more likely to be diagnosed with an eating disorder, compared to women who did not use such pills.

“We can put an end to that, just like we’ve done with other harmful products like tobacco, alcohol, pseudoephedrine,” she said. “We don’t sell these products to children. So why sell them diet pills?”

Austin began her advocacy in New Jersey several years ago when Alexandra Xu, who was then in high school, contacted her. Xu, who is now a junior at Rice University studying psychology, suffered from an eating disorder for several years. Xu said she developed an eating disorder after she changed her diet to heal more quickly from a forearm injury due to playing too much piano, and that became an obsession with “clean eating” — a hyper focus on healthy foods.

“I kept finding … something that was so called ‘unhealthy’ about almost every food,” she said. “I would tell my friends at the time that the reason why I had such … strict dietary rules is I had allergies or sensitivity to gluten and dairy … that was kind of the way my eating disorder concealed itself.”

Alexandra Xu suffered from an eating disorder for several years. (Courtesy of Alexandra Xu)

Her doctor diagnosed her with anorexia, and referred her to a therapist and dietician. She later became an advocate for Project HEAL, a nonprofit focused on preventing and helping people recover from eating disorders.



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11 12, 2024

Solana Price Prediction; SOL Set To Skyrocket To New Highs, But Smart Investors Are All In On A Rising Crypto

By |2024-12-11T13:49:42+02:00December 11, 2024|Crypto News, News|0 Comments

SPONSORED POST*

The Solana price had a magnificent ‘moonvember,’ up 10% on the month and flipping Binance in the process. But the last week has been relatively quiet. Shell shocked by XRP’s explosive growth, the Solana price is down 5% on the week. But what does the Solana price prediction look like? In a word: bullish. Solana is a rising crypto and is expected to at least double from the current level. However, an even more bullish and rising crypto is Rollblock, and it is set to surpass Solana’s growth predictions by quite a margin.

Rollblock (RBLK): New rising crypto casino rolls out the red carpet to investors

Rollblock has quickly established itself as a rising crypto to watch, raising an impressive $7 million in liquidity during its presale. Positioned as a GambleFi token, Rollblock offers a unique blend of blockchain innovation and real-world utility in the online gambling sector. What sets Rollblock apart is its revenue-sharing model, which distributes a portion of the platform’s daily earnings directly to token holders, ensuring steady passive income alongside growth potential.

Unlike many speculative projects, Rollblock is designed with sustainability in mind. Its deflationary tokenomics reduce supply over time, driving scarcity and value. This rising crypto’s success stems from its solid fundamentals and the massive $500 billion online gambling market it taps into. With strong presale momentum and growing investor confidence, Rollblock is poised to deliver significant returns once it hits open markets.

For those seeking more than just speculative gains, Rollblock’s combination of innovative GambleFi features and robust DeFi principles makes it a standout opportunity. As the crypto rally continues, Rollblock’s potential to outperform even established tokens like Solana makes it an exciting addition to any portfolio. This rising crypto is not just a token—it’s a revolution in how blockchain meets online gaming.

Solana (SOL): Solana’s price prediction for 2025 and beyond looks bullish

At around $225, the Solana price is down 14% from its November high. This is a result of profit-taking and over-investment in XRP right now. But even at $216, the Solana price is still up 73% from mid-September. Solana had a great bull run, and according to Coincodex, the bulls are not quite done with Solana just yet.

We can expect a relatively stagnant Solana price for December, but it will more than double to $560 by mid-2025 before crashing to present levels until the next halving cycle. By 2029, Solana is expected to breach the $1k mark. This is a 5x increase in just 4 years, which is not bad going at all. But even that bullish number fades compared to the rising crypto opportunity that is Rollblock.

Solana may not be the fastest grower in the crypto market, but for long-term sustainability, it cannot be beaten.

Conclusion

The Solana price will still double- – or even more – in the next six months, but then there’s a lull ahead before Solana shoots the moon in 2029. But not everyone has four years to wait. This is where the rising crypto star Rollblock comes in.

Rollblock is expected to return several orders of magnitude after its presale ends and the token lists on the open markets. Rollblock is an amazing investment opportunity and is available at $0.041 directly from their website. Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io
Socials: https://linktr.ee/rollblockcasino

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

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11 12, 2024

Xsolla Partners With iBLOXX to Promote Their Web3 Games Globally and Drive Launch of Upcoming Third-person Shooter Title StrayShot | Nation/World

By |2024-12-11T13:39:12+02:00December 11, 2024|News, NFT News|0 Comments


DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dec 11, 2024–

Xsolla, a global video game commerce company, announces a new partnership with iBLOXX, a studio specializing in developing next-generation multiplayer games on the blockchain. The alliance was cultivated at the PGC Dubai event in April 2024, underscoring Xsolla’s continuous commitment to fostering long-term growth within the Middle East and Northern Africa region’s rapidly expanding gaming ecosystem.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241211854266/en/

(Graphic: Xsolla)

This strategic collaboration starts with supporting the launch of their new title, StrayShot. This thrilling third-person shooter game for PC and mobile allows players to step into the boots of a Bounty Hunter, ready to take on rivals in intense matches in several game modes. Players can team up with friends or go solo to fight other players in an epic battle for survival and earn exclusive rewards. This game is unique as it includes Web3 elements, NFTs, and tournaments, all of which Xsolla has solutions to support, particularly when it comes to subscription and virtual currency.

As a pivotal force within the MENA gaming ecosystem, Xsolla continues to leverage its advanced tools and platforms to empower partners and developers. Through this collaboration with iBLOXX, Xsolla is set to elevate the game studio’s reach and performance by providing key monetization, marketing, and distribution capabilities. Xsolla’s payments and monetization technology and expertise will ensure StrayShot gains maximum exposure while optimizing player engagement and revenue generation across multiple channels.

Chris Meredith, SVP EMEA at Xsolla, expressed his enthusiasm about the new partnership, commenting, “It’s great to work with a mature studio in the region with such a long-standing commitment to the growth and development in MENA,” he added. “This partnership will bring their groundbreaking titles and the launch of their newest title, StrayShot, to a wider audience, putting them firmly on the map as a major player in the industry.”

Domenik Maier, CEO of iBLOXX, stated: “We’re thrilled to join forces with Xsolla. Their support will be a game-changer for the upcoming launch of StrayShot, ensuring that it reaches a much larger, more engaged audience!”

The collaboration highlights Xsolla’s unwavering commitment to supporting long-term partnerships that contribute to the sustained growth and innovation of the regional gaming landscape. By partnering with iBLOXX, Xsolla is further enhancing its position in the MENA market, where gaming is experiencing rapid evolution and expansion.

For more information on Xsolla’s partnership with iBLOXX to promote Web3 games globally and drive the launch of the upcoming third-person shooter StrayShot, visit xsolla.blog/xipw.

About Xsolla

Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Seoul, Beijing, Kuala Lumpur, Raleigh, Tokyo, Montreal, and cities around the world.

For additional information and to learn more, please visit xsolla.com.

About iBLOXX

iBLOXX is a leading innovator in Web3 gaming, leveraging its extensive background in decentralized technologies and quantitative finance to craft robust, player-driven game economies and deeply engaging virtual worlds. By blending cutting-edge blockchain infrastructure with innovative design principles, iBLOXX aims to deliver richer gaming experiences — where players truly own their in-game assets and game worlds evolve in tandem with their communities.

For additional information about their upcoming title StrayShot, please visit StrayShot.game.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241211854266/en/

CONTACT: Media Contact

Derrick Stembridge

Director of Public Relations, Xsolla

d.stembridge@xsolla.com

KEYWORD: AFRICA UNITED ARAB EMIRATES MIDDLE EAST

INDUSTRY KEYWORD: ONLINE MOBILE ENTERTAINMENT TECHNOLOGY MARKETING FINTECH COMMUNICATIONS BLOCKCHAIN PROFESSIONAL SERVICES NFT ELECTRONIC COMMERCE DIGITAL CASH MANAGEMENT/DIGITAL ASSETS WEB3 ELECTRONIC GAMES PAYMENTS ENTERTAINMENT INTERNET

SOURCE: Xsolla

Copyright Business Wire 2024.

PUB: 12/11/2024 04:00 AM/DISC: 12/11/2024 04:00 AM

http://www.businesswire.com/news/home/20241211854266/en





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11 12, 2024

Euro retreats below key support ahead of US inflation report

By |2024-12-11T11:55:52+02:00December 11, 2024|Forex News, News|0 Comments

  • EUR/USD trades in the red near 1.0500 in the European morning on Wednesday.
  • The near-term technical outlook points to a bearish tilt.
  • November Consumer Price Index data from the US will be watched closely.

EUR/USD closed in negative territory on Tuesday and continued push lower toward the 1.0500 area early Wednesday, pressured by the renewed US Dollar (USD) strength. As market focus shifts to November Consumer Price Index (CPI) data from the US, the pair’s technical outlook points to a bearish tilt in the near term.

Euro PRICE This week

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

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.72% 0.04% 1.14% 0.23% 0.59% 1.22% 0.75%
EUR -0.72%   -0.66% 0.54% -0.41% -0.04% 0.58% 0.11%
GBP -0.04% 0.66%   1.04% 0.26% 0.62% 1.25% 0.78%
JPY -1.14% -0.54% -1.04%   -0.95% -0.48% -0.06% -0.32%
CAD -0.23% 0.41% -0.26% 0.95%   0.40% 0.99% 0.52%
AUD -0.59% 0.04% -0.62% 0.48% -0.40%   0.62% 0.15%
NZD -1.22% -0.58% -1.25% 0.06% -0.99% -0.62%   -0.48%
CHF -0.75% -0.11% -0.78% 0.32% -0.52% -0.15% 0.48%  

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).

Rising US Treasury bond yields helped the USD outperform its rivals in the American session on Wednesday. Moreover, the risk-averse market environment allowed the currency hold its ground, causing EUR/USD to stretch lower.

The annual CPI inflation in the US is forecast to rise to 2.7% in November from 2.6% in October. On a monthly basis, the core CPI is expected to rise 0.3%, matching October’s increase. In case the monthly core CPI reading comes in above analysts’ estimate, the immediate reaction could boost the USD and drag EUR/USD lower. On the flip side, a reading of 0.2% lower in this data could have the opposite effect on the pair’s action.

On Thursday, the European Central Bank (ECB) will announce monetary policy decisions. Hence, EUR/USD’s reaction to US inflation data could remain short-lived.

EUR/USD Technical Analysis

EUR/USD dropped below 1.0520, where the 100-period Simple Moving Average (SMA) on the 4-hour chart meets the Fibonacci 23.6% retracement of the latest downtrend. Meanwhile, the Relative Strength Index (RSI) indicator turned south and fell below 40, reflecting a buildup of bearish momentum.

In case EUR/USD confirms 1.0520 as resistance, technical sellers could remain interested. In this scenario, 1.0440 (static level) could be seen as the next support before 1.0400 (end-point of the downtrend).

On the other hand, sellers could be discouraged if EUR/USD manages to reclaim 1.0520 and allow the pair to extend its recovery toward 1.0600 (Fibonacci 38.2% retracement) and 1.0630 (200-period SMA).

 

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11 12, 2024

Pearl Milk Tea Market Key Players, End User, Demand and Analysis

By |2024-12-11T11:50:52+02:00December 11, 2024|Dietary Supplements News, News|0 Comments


Pearl Milk Tea Market

The latest competent intelligence report published by CMI with the title “An Increase in Demand and Opportunities for Global Pearl Milk Tea Market 2024” provides a sorted image of the Pearl Milk Tea industry by analysis of research and information collected from various sources that have the ability to help the decision-makers in the worldwide market to play a significant role in making a gradual impact on the global economy. The report presents and showcases a dynamic vision of the global scenario in terms of market size, market statistics, and competitive situation.

At present, the Pearl Milk Tea market is possessing a presence over the globe. The Research report presents a complete judgment of the market which consists of future trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. This report helps individuals and market competitors to predict future profitability and to make critical decisions for business growth.

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3) Graphical introduction of global as well as the regional analysis

4) Know the top key players in the market with their revenue analysis

5) SWOT analysis, PEST analysis, and Porter’s five force analysis

The report further explores the key business players along with their in-depth profiling

◘ Bubble Tea House Company

◘ Bubblelicious Tea

◘ Lollicup USA Inc.

◘ Ten Ren’s Tea Time

◘ Boba Box Limited

◘ Sumos Sdn Bhd

◘ Gong Cha USA

◘ Boba Tea Company

◘ Troika JC. (Qbubble)

◘ Fokus Inc.

Pearl Milk Tea Market Segments:

◘ On the basis of ingredient

Black Tea

Green Tea

White Tea

Oolong Tea

Others

◘ On the basis of flavored powder,

Almond Powder

Avocado Powder

Black Tea Powder

Frozen Coffee Powder

Others

◘ On the basis of distribution channel,

Hypermarket

Supermarket

Specialty Stores

Convenience Stores

Online Stores

Others

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Report Drivers & Trends Analysis:

The report also discusses the factors driving and restraining market growth, as well as their specific impact on demand over the forecast period. Also highlighted in this report are growth factors, developments, trends, challenges, limitations, and growth opportunities. This section highlights emerging Pearl Milk Tea Market trends and changing dynamics. Furthermore, the study provides a forward-looking perspective on various factors that are expected to boost the market’s overall growth.

Competitive Landscape Analysis:

In any market research analysis, the main field is competition. This section of the report provides a competitive scenario and portfolio of the Pearl Milk Tea Market’s key players. Major and emerging market players are closely examined in terms of market share, gross margin, product portfolio, production, revenue, sales growth, and other significant factors. Furthermore, this information will assist players in studying critical strategies employed by market leaders in order to plan counterstrategies to gain a competitive advantage in the market.

Regional Outlook:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered. The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Benefits for Stakeholders:

⏩ The study represents a quantitative analysis of the present Pearl Milk Tea Market trends, estimations, and dynamics of the market size from 2024 to 2031 to determine the most promising opportunities.

⏩ Porter’s five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.

⏩ In-depth analysis, as well as the market size and segmentation, help you identify current Pearl Milk Tea Market opportunities.

⏩ The largest countries in each region are mapped according to their revenue contribution to the market.

⏩ The Pearl Milk Tea Market research report gives a thorough analysis of the current status of the Pearl Milk Tea Market’s major players.

Key questions answered in the report:

➧ What will the market development pace of the Pearl Milk Tea Market?

➧ What are the key factors driving the Pearl Milk Tea Market?

➧ Who are the key manufacturers in the market space?

➧ What are the market openings, market hazards,s and market outline of the Pearl Milk Tea Market?

➧ What are the sales, revenue, and price analysis of the top manufacturers of the Pearl Milk Tea Market?

➧ Who are the distributors, traders, and dealers of Pearl Milk Tea Market?

➧ What are the market opportunities and threats faced by the vendors in the Pearl Milk Tea Market?

➧ What are deals, income, and value examination by types and utilizations of the Pearl Milk Tea Market?

➧ What are deals, income, and value examination by areas of enterprises in the Pearl Milk Tea Market?

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➼ In-depth analysis of the market on the global and regional levels.

➼ Major changes in market dynamics and competitive landscape.

➼ Segmentation on the basis of type, application, geography, and others.

➼ Historical and future market research in terms of size, share growth, volume, and sales.

➼ Major changes and assessment in market dynamics and developments.

➼ Emerging key segments and regions

➼ Key business strategies by major market players and their key methods

Table of Content:

1. Executive Summary:

1.1. Global Market Outlook

1.2. Summary of Key Statistics

1.3. Summary of Key Findings

1.4. Product Evolution Analysis

1.5. Analysis and Recommendations

2. Market Overview:

2.1. Market Taxonomy

2.2. Market Definition

2.3. Impact of Covid-19 on the Global Pearl Milk Tea Market

3. Key Market Trends:

3.1. Key Trends Impacting the Market

3.2. Product Innovation Trends

3.3. Future Prospects of Pearl Milk Tea Industry

Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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This release was published on openPR.



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