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Most of the coins remain in the green zone, according to CoinMarketCap.
The price of XRP is rising after the breakout of the local resistance of $1.6462. If the daily bar closes far from that mark, the upward move is likely to continue to the $1.80 zone.
A similar situation can be seen on the weekly chart. If the candle closes near $1.80, there is a possibility to see a test of the vital zone of $2. Such a scenario is relevant until the end of the year.
Silver price extends its recovery to near $31.00 as demand for safe-haven asset improves.
Russia threatens to attack Ukraine with nuclear-capable ballistic missiles.
The US Dollar recovers with investors focusing on a slew of US economic data.
Silver price (XAG/USD) recovers further to near $31.00 in North American session on Friday. The white metal bounced back on Thursday after posting a fresh 11-week low near $29.60. The asset strengthens as investors fear that Russia could launch a nuclear attack on Ukraine.
Russia threatens a possible nuclear-capable ballistic missile strike on Ukraine, followed by firing a series of Intermediate Range Ballistic Missiles (IRBM) on 17 targets, including defense and energy facilities. The prevailing war between Russia and Ukraine keeps the demand for safe-haven assets intact. This was the second-largest Russian attack on Ukraine, according to Ukraine’s energy ministry. Historically, the safe-haven appeal of precious metals such as Silver increases at times of global market uncertainty or heightened geopolitical risks.
In the Middle East, tensions between Israel and Iran have eased, with a ceasefire coming into effect early this week.
Meanwhile, the US Dollar (USD) rebounds strongly as investors shift focus to the United States (US) labor market and business activity data, which will be released next week. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back after posting a fresh two-week low near 105.60.
Silver technical analysis
Silver price rebounds strongly after sliding to near the upward-sloping trendline around $29.50, which is plotted from the February 29 low of $22.30 on a daily timeframe. Still, the outlook of the Silver price is bearish as a bear cross, represented by 20 and 50-day Exponential Moving Average (EMA) around $31.30, points to an escalation in the downside trend.
The white metal weakened after the breakdown of the horizontal support plotted from the May 21 high of $32.50.
The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend.
Silver daily chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The Pound Sterling rebounded firmly against the US Dollar, snapping the losing streak.
For further direction, GBP/USD looks to central bank chiefs Bailey and Powell, as well as US Nonfarm Payrolls data.
Dual Bear Crosses and a bearish RSI could continue threatening the Pound Sterling recovery.
The Pound Sterling (GBP) snapped a two-week downtrend and staged a comeback against the US Dollar (USD), driving the GBP/USD pair back to the 1.2700 threshold.
Pound Sterling came up for air as USD buyers took a breather
GBP/USD returned to the green as a dramatic week drew to a close. Markets witnessed a steep correction in the USD, courtesy of the US fundamental catalysts, offering a much-needed respite to the Pound Sterling buyers.
Starting the week, they jumped in on Monday, helping the pair rebound from the six-month low of 1.2488, set on November 22. The Greenback saw a bearish opening gap in tandem with the US Treasury bond yields and extended the downside in response to the weekend news that US President-elect Donald Trump named billionaire Scott Bessent as his Treasury Secretary. Bessent’s appointment to the critical position in the Trump administration reassured the US bond market as he is seen as a fiscal conservative.
The GBP/USD recovery paused on Tuesday after the Greenback found fresh safe-haven demand following US President-elect Donald Trump’s announcement of a 25% tariff on all products from Mexico and Canada and an additional 10% tariff on goods from China once he takes over his office on January 20. Intensifying risk aversion on the looming threat of a global trade war curbed appetite for high-beta currencies such as the British Pound.
However, USD sellers returned on Wednesday alongside risk appetite on easing geopolitical tensions between Israel and Lebanon. Reuters reported that “a ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after US President Joe Biden said both sides accepted an agreement brokered by the United States and France.”
The US currency also suffered due to sustained expectations that the US Federal Reserve (Fed) will likely cut interest rates by 25 basis points (bps) in December. The weakness extended into Thanksgiving Thursday, especially after Wednesday’s US core Personal Consumption Expenditure (PCE) Price Index data failed to alter Fed rate cut expectations for next month.
The Fed’s preferred inflation gauge, the core PCE Price Index, increased at 0.3% on a monthly basis and an annual reading of 2.8%, aligning with market expectations. Thin trading conditions also left the Greenback miring in the weekly troughs, aiding the additional upswing in the Pound Sterling.
On Friday, nothing seemed different from the fundamental perspective as sentiment around the US Dollar remained tepid, pushing GBP/USD to the highest level in two weeks above 1.2700.
Meanwhile, there was no high-impact economic data from the UK during the week, while Bank of England (BoE) policymakers continued to voice caution about further rate cuts. Deputy Governor Clare Lombardelli said Tuesday that she needs to see more evidence of cooling price pressures before she backs another interest rate reduction, per Bloomberg.
The week ahead: Bailey, Powell and US payrolls in sight
An action-packed week unfolds after a relatively quiet one, with labor data from the US likely to dominate the week. In contrast, the UK economic calendar lacks any high-impact data releases in the upcoming week.
Apart from the data publication, risk sentiment will play a pivotal role in influencing the higher-yielding Pound Sterling as global trade war fears mount following US President-elect Donald Trump’s announcement of tariffs on Mexico, Canada, and China.
On Monday, the US Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) will stand out following the releases of the S&P Global final UK and US Manufacturing PMI reports.
The US JOLTS Job Openings Survey will be the only vital data published on Tuesday. Wednesday will feature the top-tier US ADP Employment Change and ISM Services PMI data. Additionally, appearances from BoE Governor Andrew Bailey and Fed Chairman Jerome Powell will hog the limelight that day.
Powell’s appearance will be his last public one before the Fed enters the ‘blackout period’ on December 7.
The usual weekly US Jobless Claims will be reported on Thursday, followed by BoE policymaker Megan Greene’s speech.
All eyes will be on Friday’s critical US Nonfarm Payrolls (NFP) for fresh signs on labor market conditions and the Fed’s rate outlook.
Speeches from several Fed policymakers will be listed throughout the week and could be significant as the ‘blackout’ period kicks on Saturday ahead of the December 17-18 policy meeting.
GBP/USD: Technical Outlook
From a short-term technical outlook, the GBP/USD pair’s downside risks remain intact as long as the 14-day Relative Strength Index (RSI) remains below the 50 level.
Despite the latest recovery, the leading indicators currently trade near 45.
Adding credence to the negative outlook, the pair charted dual Bear Crosses on the daily time frame.
On November 22, the 21-day Simple Moving Average (SMA) closed below the 200-day SMA, while the 50-day SMA cut the 100-day SMA from above on a daily closing basis on November 27.
The Pound Sterling needs a sustained break above the 200-day SMA at 1.2820 to initiate a meaningful uptrend toward the strong contention area near 1.2975, where the 50-day SMA and the 100-day SMA hang.
Further up, the 1.3000 psychological level could challenge the bearish commitments.
On the downside, strong support aligns at the 1.2600 round level, below which the weekly low of 1.2507 will be tested.
A failure to defend that level will open the downside toward the six-month low of 1.2487, followed by the May 9 low of 1.2446.
Nonfarm Payrolls FAQs
Nonfarm Payrolls (NFP) are part of the US Bureau of Labor Statistics monthly jobs report. The Nonfarm Payrolls component specifically measures the change in the number of people employed in the US during the previous month, excluding the farming industry.
The Nonfarm Payrolls figure can influence the decisions of the Federal Reserve by providing a measure of how successfully the Fed is meeting its mandate of fostering full employment and 2% inflation. A relatively high NFP figure means more people are in employment, earning more money and therefore probably spending more. A relatively low Nonfarm Payrolls’ result, on the either hand, could mean people are struggling to find work. The Fed will typically raise interest rates to combat high inflation triggered by low unemployment, and lower them to stimulate a stagnant labor market.
Nonfarm Payrolls generally have a positive correlation with the US Dollar. This means when payrolls’ figures come out higher-than-expected the USD tends to rally and vice versa when they are lower. NFPs influence the US Dollar by virtue of their impact on inflation, monetary policy expectations and interest rates. A higher NFP usually means the Federal Reserve will be more tight in its monetary policy, supporting the USD.
Nonfarm Payrolls are generally negatively-correlated with the price of Gold. This means a higher-than-expected payrolls’ figure will have a depressing effect on the Gold price and vice versa. Higher NFP generally has a positive effect on the value of the USD, and like most major commodities Gold is priced in US Dollars. If the USD gains in value, therefore, it requires less Dollars to buy an ounce of Gold. Also, higher interest rates (typically helped higher NFPs) also lessen the attractiveness of Gold as an investment compared to staying in cash, where the money will at least earn interest.
Nonfarm Payrolls is only one component within a bigger jobs report and it can be overshadowed by the other components. At times, when NFP come out higher-than-forecast, but the Average Weekly Earnings is lower than expected, the market has ignored the potentially inflationary effect of the headline result and interpreted the fall in earnings as deflationary. The Participation Rate and the Average Weekly Hours components can also influence the market reaction, but only in seldom events like the “Great Resignation” or the Global Financial Crisis.
CHRISTMAS is famously a period of indulgences and there’s nothing wrong with partaking in a mince pie or roast with all the trimmings.
Many of us wait until New Year for a health reset, but you might want to get ahead at shifting stubborn belly fat before the festive period kicks off.
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Foods like dark chocolate may boost levels of gut friendly bacteria whose effects have been compared to OzempicCredit: Getty
Nutritionist Tina Lond-Caulk says the roll around your middle tends to be different from the fat sitting under the skin in other parts of your body.
The Compex ambassador says: “Belly fat, especially that stubborn visceral fat that sits around our organs, isn’t just annoying when it comes to zipping up your jeans.
“It’s a real health risk, linked to serious conditions like heart disease, type 2 diabetes, and even some cancers.
“Unlike the jiggly subcutaneous fat under the skin, visceral fat is like a pesky party crasher, promoting inflammation and messing with our insulin.”
If you want to slim down your belly, your first instinct might be to hit the gym.
Indeed, moving more can help you shift a few pounds as well as boost your overall health and wellbeing.
But according to Tina, “the real magic of belly fat loss happens in the kitchen”.
“It’s all about what we eat, how we sleep, and how we manage stress,” she explains.
Cutting down on sugary treats and processed foods is a great place to start, but Tina recommends adding key foods rich in a gut-friendly bacteria to your diet to help bust stubborn belly fat in the run-up to Christmas.
“Akkermansia muciniphila is a gut bacterium that has been shown to help maintain the gut lining, reduce inflammation, and improve metabolism,” the nutritionist says.
Get rid of belly bloating with 5 exercises
“Some studies suggest that increasing the abundance of Akkermansia in the gut could have similar benefits to those provided by Ozempic, including improved insulin sensitivity and weight loss.”
It’s important to note that while the benefits of eating these foods have been compared to the effects of Ozempic, they can’t replicate the results of diabetes and weight loss medications.
Ozempic – whose active ingredient is semaglutide – is prescribed to treat type 2 diabetes and has the added benefit of making users lose weight.
Its manufacturer Novo Nordisk released a higher dose of semaglutide under the brand name Wegovy to treat obesity, which was rolled out in the UK last year.
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Green tea may also boost levels of Akkermansia in the gut
The class of drugs, called glucagon-like peptide-1 receptor agonists (GLP-1 RA), work by mimicking the GLP-1 hormone produced naturally by your gut when you eat food, which signals to the brain that you’re full and prevents you from overeating.
It’s not possible for food to fully replicate the way medications work.
7 Akkermansia-boosting foods
“To naturally boost Akkermansia levels, focus on a diet rich in polyphenols,” Tina says.
These are micronutrients that are naturally found in certain plants.
To boost levels of the beneficial gut bacteria, Tina recommends eating more:
“Prebiotic fibres can also promote the growth of Akkermansia,” Tina adds.
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Bananas are rich in prebiotic fibresCredit: Getty
These can be found in:
The nutritionist also reveals that some foods may be able to enhance the production of GLP-1, the hormone promoting feelings of fullness that’s also released when you take Ozempic and Wegovy.
“Foods rich in omega-3 fatty acids, like fatty fish and flaxseeds, as well as foods high in soluble fibre, such as oats and legumes, can boost GLP-1 levels,” Tina says.
“Regular exercise and adequate sleep also play a significant role in optimizing GLP-1 secretion.”
More pre-Christmas weight loss tips
Tina shares other ways of busting belly fat before Christmas, from prioritising protein to sticking to foods that will keep you full for longer.
She also suggests being more mindful around your festive drinking habits.
“At the end of the day, getting those abs and losing belly fat is about more than just cutting calories or sweating it out at the gym,” Tina says.
“Remember, it’s a journey, not a sprint. Make choices that support your health and well-being, and those abs will follow.”
1. Wind down on wine
With less than a month till Christmas, you’re probably being presented with lots of excuses to indulge in booze.
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A glass of wine can lead to cravings for snacks
Tina says: “We all love a good time, but here’s the deal with alcohol: it’s not doing our bellies any favours.
“Alcohol messes with our hunger hormones—ghrelin and leptin. Ghrelin, the “I’m hungry” hormone, gets a boost, while leptin, the “I’m full” hormone, takes a nosedive.
“The result? You end up feeling hungrier and less satisfied, which can lead to overeating, especially unhealthy foods.
“So, while a glass of wine or a cocktail now and then is fine, it’s a good idea to keep some serious boundaries around alcohol.”
“I recommend a minimum of four to five alcohol-free nights a week, with maybe just an evening or two enjoying a glass of red wine or a shot of tequila on ice if you want to indulge.”
2. The whole story
From spiced cookies to store-bought mince pies, sadly Christmas is brimming with ultra-processed foods (UPFs).
Tina says: “These are the sneaky culprits behind many of our cravings and weight struggles.
“Loaded with added sugars, unhealthy fats, and artificial ingredients, they’re designed to be hyper-palatable – basically, they taste so good you can’t stop eating them!
Tina’s belly fat busting-meal plan
Breakfast
Start your day with a omelette packed with spinach and tomatoes.
Just whip up three eggs with a handful of fresh spinach and some juicy tomatoes and herbs for flavour.
Pair it with a side of mixed berries for a sweet, polyphenol-rich kick and to help with the production of Akkermansia.
Wash it down with a cup of green tea or black coffee to boost your metabolism without extra calories.
Mid-morning snack
Keep those mid-morning munchies at bay with a serving of plain Greek yogurt topped with some unsalted mixed nuts or seeds.
Nuts and seeds are power packed with vitamins and minerals, healthy fats and fibre – keeping you full for longer.
Lunch
Go for a grilled chicken salad.
Toss some mixed dark green leaves with grilled chicken breast, avocado slices, cherry tomatoes, and cucumber. Drizzle with a zesty lemon vinaigrette made with apple cider vinegar.
If you need a little more, add a slice of whole grain bread.
Afternoon snack
An apple with a tablespoon of almond or nut butter serves as a good afternoon pick-me-up.
The combo of fibre and healthy fats will keep you satisfied.
Dinner
Season a salmon fillet with your favourite herbs like dill and a squeeze of lemon, then bake until it’s tender and flaky.
Serve it with a side of roasted veggies like broccoli, bell peppers, and carrots, plus a small portion of quinoa or brown rice for some good carbs.
Evening snack (optional)
If you’re craving a little something sweet, a small piece of dark chocolate (70% cocoa or higher) is a great choice.
It’s a delicious treat that’s low in sugar and packed with polyphenols.
“But these foods are nutrient-poor and can leave you feeling hungrier sooner, making it hard to resist reaching for more.”
She suggests sticking to whole and minimally processed foods, as these will keep you fuller and more satisfied for longer.
UPFs tend to contain ingredients that you wouldn’t use in your own kitchen, so have a look at ingredient list of foods before buying.
The best strategy? Stick to whole, minimally processed foods that keep you full and satisfied.
3. Fibre first
Tina says: “Certain foods are naturally more satiating and can help manage your appetite.
“High-fibre foods like vegetables, fruits, whole grains, and legumes can make you feel full because they take up more space in your stomach and are digested more slowly.
“Healthy fats, such as those found in avocados, nuts, seeds, and olive oil, also promote satiety by slowing down digestion and helping regulate hunger hormones.
“Incorporating these foods into your diet not only supports weight management but also ensures you’re getting a wide range of nutrients that your body needs to function optimally.”
4. Prioritise protein
Making sure you’re eating more protein is also important for fat loss, Tina adds.
“Protein is not only essential for building and repairing tissues but also plays a crucial role in satiety – the feeling of fullness after eating,” the nutritionist explains.
“Unlike carbohydrates and fats, protein takes longer to digest, which helps stabilise blood sugar levels and keeps you feeling full for longer.
“This makes it easier to manage your calorie intake and avoid overeating.
“Including a good portion of protein in every meal can help curb cravings and reduce the temptation to snack between meals.
Add in foods like lean meats, fish, eggs, dairy products, legumes, and plant-based options like tofu and quinoa.
Can you target fat loss to one area?
We all have those wobbly bits we’d like to change more than others.
Targeted fat loss, often referred to as “spot reduction,” is the idea that you can lose fat from a specific part of your body by focusing exercise to that area.
However, the scientific consensus is that spot reduction is largely a myth.
When you lose fat, it tends to come off in a genearl manner, spread over the body.
It is determined by genetics and hormonal factors rather than specific exercises.
However, you can focus exercise on a certain muscle which can help it to tone and grow.
This can contribute to a different look of that area, especially if you are lean (meaning there is not much fat there).
To lose fat:
Reduce the calories you eat
Have a balanced diet, making sure to eat lots of fruits and vegetables. These contain fibre which help you feel more full
Do regular exercise more than you were before. This could be walking, gym classes or weights
Stick to something long term. If your plan is too drastic, you’re more likely to give up
Cardano’s ADA token has had a sharp price increase recently.
A mix of technical indicators, on-chain activity, and broader market trends suggest the ADA may be gearing up for another massive rally.
Along with this development, a new project PlutoChain ($PLUTO), grabbed a lot of headlines lately thanks to its innovative approach to Bitcoin’s mainnet.
But, could this be the start of ADA’s big breakout? Here’s a closer look at why some believe this is just the beginning.
Could ADA Surge Past $1.50 Soon?
ADA has had an impressive run lately. Over the past few weeks, the token has soared by over 150%, reaching $1 for the first time in two years.
As of November 27, 2024, Cardano’s (ADA) price is approximately $1.00, reflecting a 9.0% increase over the past 24 hours, according to CoinGecko.
For a cryptocurrency that had been stuck in a downtrend for most of the past year, this sudden surge feels like a breath of fresh air for long-time supporters.
But how far can ADA go? Some believe that it can go to $1.50 or higher in the near term, due to strong momentum in both the charts and the underlying ecosystem.
For instance, an analyst from Mango Research highlighted that if ADA breaks the $0.68 mark, it has target prices of $1.16 and $2.15.
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The recent breakout above key resistance levels has fueled this optimism. Historically, such moves tend to open the door for even larger gains if sustained buying pressure continues.
What’s even more interesting is the activity happening behind the scenes. On-chain data reveals a surge in whale transactions – big-money investors seem to be making moves, and they’re not being subtle about it.
Trading volume has also spiked to a seven-month high. It’s hard to ignore numbers like these when trying to gauge where ADA might be headed next.
Another factor working in ADA’s favor is the general bullish vibe across the broader crypto market.
Bitcoin’s recent rally has set the tone for altcoins, with many smaller assets riding the wave and ADA seems to be capitalizing on this momentum.
However, it’s not just market dynamics and speculation driving this rally. Cardano itself has been making strides in its development.
From network upgrades to ecosystem growth, the project continues to build on its reputation as one of the most innovative platforms in the space.
PlutoChain ($PLUTO): A Layer-2 Innovation That Could Transform Bitcoin for DeFi
PlutoChain ($PLUTO) is a next-generation Layer-2 solution that could change Bitcoin’s lack of presence in DeFi.
By building on Bitcoin’s secure foundation, PlutoChain wants to introduce smart contract functionality and DeFi applications to its network.
This leap forward may redefine Bitcoin’s identity from a simple “digital gold” to a more active DeFi player.
One of PlutoChain’s standout features is its commitment to lowering transaction costs. Historically, Bitcoin’s high fees during periods of volatility have discouraged many users.
PlutoChain tackles this challenge with a cost-efficient model, which could make the network more accessible to a broader audience.
Furthermore, the platform is designed to work seamlessly with the Ethereum Virtual Machine (EVM).
This compatibility could enable Ethereum-based DeFi projects to migrate to Bitcoin’s network and merge Bitcoin’s renowned security with Ethereum’s flexible DeFi ecosystem.
Such a combination opens up exciting opportunities for innovation and collaboration.
Security remains a cornerstone of PlutoChain’s vision. To ensure the platform’s robustness, it has undergone an extensive audit by SolidProof, a trusted blockchain security firm.
Regular updates, constant monitoring, and iterative enhancements further solidify its safety measures.
By prioritizing security, PlutoChain builds trust and reliability among its users and fosters confidence in the project.
Why PlutoChain is Poised to Revolutionize DeFi
PlutoChain could represent a significant step forward for Bitcoin in the DeFi space.
Its focus on reducing fees, ensuring security, and integrating with Ethereum-based DeFi projects could position it as a game-changer.
By bridging Bitcoin’s unparalleled security with the flexibility of DeFi, this project paves the way for innovative applications and expanded use cases, which could take Bitcoin beyond its traditional role as a store of value.
For those interested in staying connected, PlutoChain actively engages with its community on platforms such as Twitter, Discord, and Telegram. Dive in to explore how PlutoChain can shape the future of Bitcoin in the DeFi world.
Visit the links below to learn more about PlutoChain and its unique features:
The information in this article does not represent financial or investment advice. Always research carefully before participating in the crypto market. Risks are inherent in forward-looking statements, which may not be revised.
One market research firm projected the global vitamin patch industry will grow from $6.6 billion to $10.4 billion over the next decade even as some medical experts have offered mixed reviews on their effectiveness.
One market research firm projected the global vitamin patch industry will grow from $6.6 billion to $10.4 billion over the next decade. amazon
“They’re not as good as taking oral vitamins, however, if you’re not going to be able to take oral vitamins … a patch is better than nothing,” Dr. Michael Russo, a bariatric and cosmetic surgeon based in California, said earlier this year. “You’re going to have less of that vitamin actually hit your bloodstream.”
“We wanted to create a product that people actually wanted to wear and that injected a bit of joy into their everyday wellness routine,” Barrière co-founder Cleo Davis-Urman told Marie Claire this week. “A glint of gold on the arm, a touch of lace on the wrist, a bold astrological sign on the neck…our designs [are meant to] look beautiful on the skin.”
Transdermal patches — adhesives placed on the skin to deliver medicine — have been around for decades though they haven’t been as fashionable.
Nicotine patches help people quit smoking, while estradiol patches can relieve symptoms of menopause. Scopolamine patches may inhibit nausea and vomitingfrommotion sickness, anesthesia or surgery, and birth control patches are intended to prevent pregnancy.
Some fans of vitamin patches report they have trouble swallowing pills, can’t remember to take pills or suffer digestive issues when they take pills. gballgiggs – stock.adobe.com
“To enhance efficacy, patches are often placed in strategic areas where venous areas are condensed, such as the inner wrist, so they can be absorbed faster,” Dr. Marisol Saavedra, an aesthetics doctor in London and co-founder of IV therapy company Tonic, explained to Marie Claire.
Some consumers simply aren’t convinced. While one TikTok user called her B12 patches “wonderful,” a functional medicine expert described his patch experience as a “nightmare.”
“Based on my micronutrient test, which I did before and after trying the patch, I did not show any change,” Sam Tejada, CEO and founder of Liquivida Wellness Center, told Verywell Health this month.
“The patch utilizes an adhesive that can be extremely toxic to the skin, and you can potentially absorb those toxins,” he continued, without revealing the patch type and brand he tried. “I had a very bad reaction and had to seek medical treatment from a local dermatologist, ending up with what is called contact dermatitis.”
Many Americans don’t get enough vitamin D. The vitamin comes as pills (pictured here) or as patches. Geza Farkas – stock.adobe.com
The vitamin patch trend comes as many Americans don’t get enough key nutrients, like vitamins D and E, even as most report supplementing their diet.
A 2023 survey by the Council for Responsible Nutrition (CRN) determined that 74% of US adults take supplements, with 55% describing themselves as “regular users.”
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Dietary supplements do not face the same rigorous governmental oversight as drugs — and some critics say that vitamin patches should not even be considered supplements.
“Vitamin patches are illegal drugs, not dietary supplements. A dietary supplement must be orally ingested; it can’t be absorbed through the skin,” Jeff Ventura, CRN vice president of communications, told Verywell Health. “The FDA certainly has authority to regulate drugs. There are numerous warning letters related to products that are not orally ingested being falsely labeled as supplements.”
If you decide to try a vitamin patch, you should consult with a doctor, especially if you have undergone surgery, are taking medications or have a medical condition.
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.
The price of XRP is currently at $1.66, indicating an impressive rally. In accordance with Elliott Wave Theory, XRP might be about to enter the pivotal third wave of its price movement, which is frequently regarded as the strongest and longest wave in an upward trend. XRP might reach notable price levels during this phase if momentum keeps increasing.
XRP’s previous moves broke above $1.00 and consolidated around $1.30, appearing to have formed the first and second waves, according to the Elliott Wave pattern. The third wave is represented by the current price surge, which was marked by high trading volume and strong momentum.
As it draws in new buyers and intensifies bullish sentiment, this wave usually performs better than the others in terms of price growth. XRP may reach significant levels during the third wave. The first target, which corresponds with past price action, is the psychological resistance zone of $180.
Beyond this, $2.00 emerges as the next pivotal level, serving as a benchmark and possible draw for traders. In terms of important price points and prospects for the future, the first notable resistance level is $1.80. If this were broken, the third wave’s strength would be confirmed.
Related
$2.00: A psychological and historical barrier that, if broken, might encourage more FOMO (fear of missing out) purchases.
$2.20: This might serve as the third wave’s upper extension if the rally persists. If the price falls below $1.30, which is a crucial support level, it may indicate a waning trend and render the wave structure invalid.
The current movement of XRP is somewhat aligning with the Elliott Wave Theory, which points to a continuation of the current tendency. However, apart from the price’s movement, do not forget about the trading volume, which is the main driving force for the asset.
Silver price extends its gains due to the rising Russia-Ukraine conflict.
Russian President Vladimir Putin issued a warning about a potential nuclear-capable ballistic missile strike on Ukraine.
The demand for the dollar-denominated Silver increases due to the subdued US Dollar.
Silver (XAG/USD) continues its upward trend for the second consecutive session, hovering around $30.70 during the Asian trading hours on Friday. This rally in Silver price is largely driven by escalating geopolitical tensions. Reports suggest that Russian President Vladimir Putin warned of a possible nuclear-capable ballistic missile strike on Ukraine, following Moscow’s recent large-scale attacks on key energy infrastructure.
Meanwhile, a ceasefire between Israel and the Lebanese militant group Hezbollah was successfully maintained on Wednesday, thanks to a deal brokered by the United States and France. This truce has enabled residents to begin returning to their homes. However, Israel is still engaged in military operations against Hamas in the Gaza Strip.
Furthermore, the weakening of the US Dollar (USD) is making dollar-denominated Silver more affordable for buyers with foreign currencies, boosting its demand. Additionally, the US bond market has strengthened after US President-elect Donald Trump selected Wall Street veteran and fiscal conservative Scott Bessent as the US Treasury Secretary.
Markets are closely monitoring upcoming US data for further clues about the Federal Reserve’s (Fed) monetary policy direction. On Wednesday, US core PCE prices for October met expectations, keeping investor hopes alive for another rate cut in December. However, other data indicated a resilient economy, suggesting that the Fed may take a cautious approach in the coming year.
According to the CME FedWatch Tool, futures traders are now pricing in a 66.5% probability of a 25 basis point rate cut in December, up from 55.9% a week ago. However, they expect the Fed to keep rates unchanged during its January and March meetings.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
GBP/USD trades in positive territory above 1.2700 in the European session.
Financial markets in the US will close early on Friday.
Improving risk mood could help the pair stretch higher ahead of the weekend.
After posting small gains on Thursday, GBP/USD gathered bullish momentum and climbed to its highest level in over two weeks at 1.2750 early Friday.
Following the Thanksgiving Day holiday in the US, the US Dollar (USD) came under renewed selling pressure amid a positive shift seen in risk mood in the Asian session and helped GBP/USD gain traction. Additionally, US Treasury bond yields continued to stretch lower, making it difficult for the USD to find a foothold.
British Pound PRICE This week
The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-1.47%
-1.40%
-2.61%
0.37%
-0.15%
-1.04%
-1.26%
EUR
1.47%
-0.10%
-1.75%
1.25%
1.26%
-0.15%
-0.37%
GBP
1.40%
0.10%
-1.66%
1.37%
1.37%
-0.04%
-0.27%
JPY
2.61%
1.75%
1.66%
3.06%
2.97%
1.68%
1.58%
CAD
-0.37%
-1.25%
-1.37%
-3.06%
-0.36%
-1.38%
-1.64%
AUD
0.15%
-1.26%
-1.37%
-2.97%
0.36%
-1.39%
-1.61%
NZD
1.04%
0.15%
0.04%
-1.68%
1.38%
1.39%
-0.22%
CHF
1.26%
0.37%
0.27%
-1.58%
1.64%
1.61%
0.22%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
At the time of press, US stock index futures were up between 0.3% and 0.4%, while the UK’s FTSE 100 Index was trading flat on the day.
Later in the session, the Bank of England (BoE) will publish the Financial Stability Report, which is unlikely to trigger a significant market reaction. The US economic calendar will not offer any high-impact macroeconomic data releases. Moreover, stock and bond markets in the US will close early. Hence, the trading action is likely to turn subdued heading into the weekend. Month-end flows and position adjustments on the last business day of November, however, could ramp up market volatility and trigger irregular action in GBP/USD toward the end of the European session.
GBP/USD Technical Analysis
GBP/USD was last seen trading slightly above 1.2700, where the 100-period Simple Moving Average (SMA) on the 4-hour chart is located. While this level remains intact as support, technical buyers could remain interested. On the upside, 1.2760 (static level) aligns as next resistance before 1.2800 (round level, static level) and 1.2835 (200-period SMA).
In case 1.2700 support fails, 1.2640 (20-period SMA, static level) could be seen as next support ahead of 1.2600 (static level, round level).
Pound Sterling FAQs
The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).
The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.
Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.
Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
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Tailored dietary and supplement recommendations based on individual factors like genetics, lifestyle, health goals, and biometrics. This approach leverages data analysis and technologies like DNA testing and AI to optimize nutrition and improve health outcomes. Popular applications include weight management, athletic performance, and disease prevention.
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