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12 11, 2024

US Dollar Forecast: Fed Speeches and Strong Data Drive Dollar Strength; Gold, GBP/USD and EUR/USD Outlook

By |2024-11-12T10:38:11+02:00November 12, 2024|Forex News, News|0 Comments

GBP/USD Price Chart – Source: Tradingview

GBP/USD is trading at $1.28213, down 0.37%, as the pair remains pressured below the pivot at $1.28463. This level, which recently acted as a breakout point, now serves as a key pivot; staying below it could keep the pair in a bearish trend.

Immediate support sits at $1.27916, with further levels at $1.27509 and $1.27210 if sellers maintain control. Resistance is seen at $1.28856 and $1.29249, with the 50-day EMA at $1.29079 reinforcing the bearish outlook.

Until GBP/USD clears $1.28463, we’re likely to see cautious trading with a downward bias.

Euro Steady with German ZEW Sentiment Above Forecast

The Euro (EUR) held steady as Germany’s Final CPI m/m met expectations at 0.4%, showing stable inflation in the region. The German ZEW Economic Sentiment index also slightly exceeded forecasts, reaching 13.2, up from the previous 13.1.

Meanwhile, the broader ZEW Economic Sentiment for the Eurozone rose to 20.5, surpassing the expected 20.1. This mild improvement in sentiment supports the euro, though broader economic challenges persist in the region.

EUR/USD Technical Forecast

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12 11, 2024

Ripple CTO Comments on XRP Price Not Rising Despite BTC Reaching $89K

By |2024-11-12T10:32:31+02:00November 12, 2024|Crypto News, News|0 Comments

Frustration over XRP’s price performance is reaching new heights among the community as Bitcoin nears $90K per token and the global crypto market caps at $3 trillion. 

At the same time, XRP has remained largely stagnant in recent months. Currently, XRP is trading at $0.6031, reflecting a 12% increase over the last 24 hours. Earlier today, XRP touched $0.6217, marking a two-month high. Meanwhile, Bitcoin has broken the $89K mark, hitting an unprecedented level.

Other altcoins, like Dogecoin and Solana, are approaching their previous all-time highs, showing strong momentum as the bull run intensifies. Dogecoin has surged over 200% in the past seven days alone.

In contrast, XRP has only reclaimed a seven-week high. Amid its lackluster performance, Dogecoin has overtaken XRP, with the gap between them widening daily. 

In light of these developments, community members have voiced their frustration with Ripple executives, especially Ripple’s CTO David Schwartz, urging them to “do something” about XRP’s stagnant price.

This came when Schwartz revisited the concept of investment contracts in the context of the ongoing SEC lawsuit yesterday. He noted that buying art is not an investment contract because the artist has no contractual obligation to increase its value or act in the buyer’s financial interest.

However, a commenter expressed frustration, arguing that XRP holders have seen no financial return over the past seven years. The user described the situation as a “waste of time and money” and singled out Schwartz as the central figure behind the perceived failure.

Ripple CTO Responds

In his response, Schwartz explained that the value of his own XRP holdings had fluctuated similarly to those of other investors. He emphasized that his efforts to increase XRP’s value were no different from those made on behalf of the broader XRP community.

However, the critic accused Schwartz and Ripple of selling billions of dollars worth of XRP over the past seven years without reinvesting in the ecosystem or incentivizing developers. The commenter argued that Ripple had focused too heavily on courting banks, which they believed had ultimately failed, leaving XRP holders disappointed.

In a separate reply, an X user named Vandal compared his experience with XRP to being “rug-pulled” during two previous bull runs. Vandal even called it “the most painful investment experience” he had ever encountered.

Ripple Cannot Promote XRP

Meanwhile, legal expert Bill Morgan offered a different perspective on the situation. He pointed out that one key reason the court ruled Ripple’s programmatic sales of XRP were not investment contracts under the Howey Test was the lack of evidence that Ripple directly promoted XRP to retail holders. Despite this, the SEC is appealing the ruling.

Morgan further argued that even if Ripple wanted to promote XRP to retail holders in the future, it was unlikely to do so while legal proceedings were still ongoing. 

In contrast, he highlighted that Bitcoin does not face similar restrictions, as its holders are free to promote it without any concern from the SEC. Morgan suggested that the SEC’s treatment of the two assets created an “unfair advantage” for Bitcoin.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



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12 11, 2024

$4.8 Million Lost to Exploit

By |2024-11-12T10:28:57+02:00November 12, 2024|News, NFT News|0 Comments


In a recent attack, a lending DeFi protocol, DeltaPrime has lost over $4.8 million through an exploit covering Arbitrum (ARB) and Avalanche (AVAX). This attack is the second major hack on DeltaPrime within the last two months and underlines the continuous security issues within the protocol and the DeFi industry in general.

The hack was first reported by the on-chain security firm PeckShield which said that the attacker modified DeltaPrime’s “claimRewards” contract. This weakness enabled the offender to commit fraudulent activities and obtain funds of about $4.8 million using a code logic exploitation that effectively circumvented important security controls. 

From the firm’s perspective, the attacker deposited $1.3 million to LFJ (previously Trader Joe) and invested in farming $USDC on the Stargate protocol. To manage the breach DeltaPrime revealed a halt in its activities on Arbitrum and Avalanche networks. 

The protocol’s team claimed that while the protocol is paused on both chains, the risk is contained to reassure stakeholders that they are currently looking into it.

September Hack and Vulnerability Risks of Deltaprime

The earlier one is a mid-September incident when the protocol lost $6 million because an administrator’s private keys were leaked. This attack marks the second significant breach of DeltaPrime in the past two months, which highlights the ongoing security vulnerabilities within the protocol and the wider DeFi world.

Crypto security specialists have recently criticized the unprotected status of most DeFi protocols by stating that the claimRewards contract vulnerability, which enabled illicit fund transfers, could have been fixed with proper code audits and checks. 

Security researchers have said that security audits rather present a set of options which, when used correctly, minimizes the risks For DeFi protocols handling significant funds, however, a code audit does not guarantee absolute safety.



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12 11, 2024

Coffee price forecast August 15, 8: All at once plummeting?

By |2024-11-12T10:27:28+02:00November 12, 2024|Forex News, News|0 Comments


August 13, 2024 Coffee Price Forecast: Influenced by many factors, coffee prices continue to decrease August 14, 2024 Coffee Price Forecast: Concerns about weather in Brazil push coffee prices up sharply again?

Forecast of coffee prices on August 15, 2024, in the domestic market, increased again. According to data from the General Department of Customs, in July, Vietnam’s coffee exports reached 7 tons, worth 76.982 million USD, down 381,2% in volume but up 29,3% in value compared to the same period last year.

In particular, the average coffee export price last month reached a record of 4.951 USD/ton, up 7,8% over the previous month and up to 75,1% (equivalent to 2.123 USD/ton) over the same period. 2023.

In the first 7 months of this year, the export price of this agricultural product increased by 52,3% to an average of 3.682 USD/ton. Thanks to that, although export output decreased by 12,4% over the same period, the value still increased by 33,5%, reaching 979.353 tons, worth 3,6 billion USD.

With favorable price factors, the coffee industry is expected to bring in a record export turnover of 5 billion USD this year.

Regarding export markets, the European Union (EU) is still Vietnam’s largest coffee consumption market in the first 7 months of the year, accounting for 39% of total export volume with 381.699 tons, worth 1,37 billion USD. . Although the amount of coffee exported to the EU decreased by 10,7%, the value increased by 39% over the same period last year.

Of which, exports to key markets such as Germany, Italy and Spain reached 121.500 tons, 91.082 tons and 71.734 tons, respectively. Over the same period, the amount of coffee exported to Germany and Spain decreased by 11,6% and 14,5%, respectively, while exports to Italy increased by 17,8%.

Coffee exports to some other major markets such as Japan, the US and Russia have decreased significantly compared to the same period last year.

However, exports to Asian markets recorded strong growth, with Indonesia increasing by 50,4%; Philippines increased by 63,7%; China increased by 27,2%; Thailand increased by 68,7%; and Malaysia increased by 61,7%.

In the domestic market, coffee prices were updated at 4:30 a.m. on August 14, 2024 as follows, according to www.giacaphe.com, domestic coffee prices decreased slightly compared to yesterday, ranging from 117.800-118.500 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 118.000 VND/kg, the highest purchase price in the province Dak Lak, Dak Nong is 119.300 VND/kg.

August 15, 2024 Coffee Price Forecast: All Plunge

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 118.300 VND, in Pleiku and La Grai the same price is 118.200 VND/kg; in the province Kon Tum Coffee is purchased at 118.300 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 118.500 VND/kg.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 117.800 VND/kg.

Today’s coffee price on 14/8 in Dak Lak province is purchased at around 118.500 VND/kg; in Cu M’gar district, coffee is purchased at around 118.400 VND/kg, and in Ea H’leo district, Buon Ho town, it is purchased at the same price of 118.400 VND/kg.

Coffee price list today August 14, 2024

Coffee price forecast August 15, 8:

Coffee price update world At 20:30 on August 14, 2024 Vietnam time on the London exchange, the price of Robusta coffee futures contract for monthly delivery September 2024 on the London exchange was at 4.454 USD/ton, up 79 USD compared to the beginning of the trading session.

Coffee price forecast August 15, 8:
Coffee price today August 14, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

The monthly delivery term November 2024 is 4.271 USD/ton, up 84 USD; the monthly delivery term January 2025 is 4.104 USD/ton, up 79 USD and the monthly delivery term March 2025 is 3.953 USD/ton, up 71 USD.

Coffee price forecast August 15, 8:
Today’s coffee price August 14, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com

In particular, the price of Arabica coffee on the New York floor today at 20:30 p.m. on July 134, 8 increased in all terms, fluctuating at 2024 – 227.80 cents/lb.

Specifically, the monthly delivery term September 2024 is 234.80 cents/lb; up 2.10 cents/lb compared to the beginning of the session. The monthly delivery term December 2024 is 232.90 cents/lb, up 3.85 cents/lb; the monthly delivery term March 2025 is 230.10 cents/lb, up 3.80 cents/lb and the monthly delivery term May 2025 is 227.80 cents/lb, up 3.60 cents/lb.

Coffee price forecast August 15, 8:
Coffee price today August 14, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

Brazilian Arabica coffee prices today at 20:30 on August 14, 2024 increased and decreased in opposite directions. Specifically, the monthly delivery term September 2024 was 293.90 USD/ton, up 1.21%; the monthly delivery term December 2024 was 285.40 USD/ton, up 1.19%; the monthly delivery term March 2025 was 276.30 USD/ton, down 4.18% and the monthly delivery term May 2025 was 272.40 USD/ton, down 4.10%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

Strong Robusta exports from Brazil are helping to offset supply shortages from Vietnam, traders said. Cecafe said Brazil’s Robusta coffee exports in the month of July 2024 surged 82,2% year-on-year to 2023 bags (900.000kg).

Agronomists say that light and localized frosts in Brazil occur strongly in the southern region of the country, basically not affecting coffee and sugarcane growing areas.

Brazilian coffee export association Cecafé also reported that total green coffee exports in the first seven months of 7 increased by 2024% over the same period last year, reaching 51,88 million bags. Of which, there were 25,83 million bags of Arabica coffee, an increase of 20,65% and 31,08 million bags of Robusta Conilon coffee, an increase of 5,18%, compared to the same period last year.

*Information is for reference only. Prices may change depending on time and location.

Sources: https://congthuong.vn/du-bao-gia-ca-phe-1582024-dong-loat-lao-doc-339068.html





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12 11, 2024

Black Tea Base Bubble Tea Market Report by Key Companies,

By |2024-11-12T09:04:52+02:00November 12, 2024|Dietary Supplements News, News|0 Comments


Black Tea Base Bubble Tea Market

Black Tea Base Bubble Tea Market Report by Key Companies, Regional Analysis and Forecast 2032

Black Tea Base Bubble Tea Market: Trends, Growth, and Insights

Black Tea Base Bubble Tea Market Overview

The Black Tea Base Bubble Tea Market Industry is expected to grow from 3.7(USD Billion) in 2024 to 5.8 (USD Billion) by 2032. The Black Tea Base Bubble Tea Market CAGR (growth rate) is expected to be around 5.76% during the forecast period (2024 – 2032).

The global bubble tea market has experienced remarkable growth over the past few years, driven by the rising popularity of innovative, customizable beverages that offer a fun, interactive drinking experience. Among the various types of bubble tea, black tea base bubble tea remains one of the most preferred options, offering a rich, robust flavor that serves as the perfect foundation for a variety of customizable ingredients.

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Black tea base bubble tea, also known as “boba tea,” is a refreshing, flavor-packed beverage typically made with black tea, tapioca pearls (or other types of toppings), sweeteners, and flavorings. The drink has become a global sensation, with millions of people enjoying it across countries in Asia, North America, Europe, and beyond. This market is growing rapidly, fueled by the increasing demand for specialty drinks, the desire for unique flavor combinations, and the popularity of bubble tea chains and cafes.

One of the key factors contributing to the success of bubble tea is its versatility. Consumers can personalize their drink according to their preferences by choosing the level of sweetness, selecting from a wide range of toppings, adjusting the serving style, and selecting from numerous flavor options. These customizable features, combined with the visually appealing nature of the drink, have made bubble tea a trendy, Instagram-worthy beverage.

Key Players are:

Vivi ,Tea Plus ,HeyTea ,50 Lan ,ShareTea ,CoCo ,Gong Cha ,Machi Machi ,Yi Fang ,Chatime ,Bober Tea ,The Alley ,Tealive ,Partea ,Chun Shui Tang

Market Segmentation

The black tea base bubble tea market is diverse, offering a wide range of choices for consumers. The market can be segmented based on several factors, including sweetness preference, toppings, serving style, and flavor. Let’s explore these segments in detail:

By Sweetness Preference: Low, Regular, High

Low Sweetness: A growing segment within the bubble tea market is the preference for drinks with lower sweetness. Health-conscious consumers, individuals who are managing their sugar intake, and those with dietary restrictions often prefer low-sugar or no-sugar options. Many bubble tea vendors offer the option to reduce the sweetness level, allowing customers to enjoy the beverage without it being too sugary.

Regular Sweetness: The standard sweetness level is typically preferred by the majority of bubble tea drinkers. This balance allows consumers to enjoy the full flavor profile of the black tea while still enjoying the sweet and refreshing taste that bubble tea is known for. Regular sweetness remains the most common option in bubble tea shops around the world.

High Sweetness: For those who enjoy a sweeter, more indulgent treat, high sweetness is a popular choice. This preference is especially common among younger consumers and those looking for a rich, dessert-like beverage experience. High-sugar levels can enhance the overall taste, blending well with the tea base and toppings.

The ability to adjust sweetness levels allows bubble tea vendors to cater to a wide range of consumer preferences, which is a key driver of the market’s growth.

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By Toppings: Pearls, Pudding, Fruits, Jelly

Toppings are one of the key distinguishing features of bubble tea, allowing for a customized, interactive experience. The choice of toppings varies from region to region, but some of the most popular options include:

Pearls (Tapioca Pearls): Tapioca pearls are the most iconic topping for bubble tea and are traditionally used in black tea-based beverages. These chewy, round balls of tapioca starch are known for their delightful texture and neutral taste, which complements the sweetness and flavor of the tea.

Pudding: Another popular topping choice is pudding, which adds a smooth, creamy texture to the bubble tea. Egg or coconut pudding is commonly used in bubble tea, and its richness pairs well with both black tea and flavored teas. Pudding toppings have become a popular choice for consumers looking to enhance the texture and overall experience of their drink.

Fruits: Fresh fruits like mango, strawberries, kiwi, and lychee are becoming increasingly popular as toppings for bubble tea. Fruit-based toppings offer a natural, refreshing flavor contrast to the sweetness of the tea and provide a healthier alternative to traditional toppings. The use of fruits also adds visual appeal to the drink.

Jelly: Jelly toppings, often made from agar or coconut, add an interesting texture to bubble tea. These jelly cubes come in a variety of flavors, such as lychee, coconut, and passion fruit, and complement the drink’s base with a chewy, slightly sweet bite.

The wide variety of available toppings allows consumers to tailor their bubble tea experience to suit their personal tastes and preferences.

By Serving Style: Hot, Cold, Iced, Smoothie

The serving style of bubble tea plays a significant role in shaping the consumer experience. Whether hot or cold, the serving style enhances the flavor profile of the drink, making it suitable for different occasions and preferences:

Hot: Although bubble tea is typically served cold, hot bubble tea is a growing trend in colder regions or during colder seasons. Hot bubble tea is enjoyed by those who prefer a warm, comforting beverage, with the tea’s robust flavor being more pronounced in the absence of ice. Hot bubble tea is particularly popular in colder countries where the drink offers a cozy alternative to traditional hot beverages like tea or coffee.

Cold: Cold bubble tea is the classic serving style and the most commonly consumed version of the drink. The cold temperature helps to refresh and hydrate, making it the ideal drink during hot weather or as a refreshing snack or treat.

Iced: Iced bubble tea involves adding ice cubes to the drink, further enhancing its cooling effect. The ice dilutes the drink slightly, which can be an advantage for those who prefer a less intense sweetness or flavor. Iced bubble tea is a popular option in warm climates.

Smoothie: Some bubble tea shops offer a smoothie-style version of the beverage, where the tea base is blended with ice and sometimes fruits or other flavorings. This creates a thick, slushy texture that makes for a more filling and indulgent drink. Smoothie-style bubble tea is favored by consumers looking for a richer, more dessert-like experience.

By Flavor: Original Black Tea, Fruit-Flavored, Milk-Flavored, Special Flavors

Flavors are what make bubble tea a versatile and highly customizable beverage. From traditional black tea to fruit-infused variations, bubble tea offers something for every palate:

Original Black Tea: The classic black tea base remains the most popular choice for bubble tea drinkers. Black tea provides a robust, slightly bitter flavor that serves as the perfect backdrop for the sweetness of the drink, the chewiness of the pearls, and other toppings.

Fruit-Flavored: Fruit-flavored bubble tea has gained significant popularity, especially among younger consumers. Flavors like mango, strawberry, lychee, and passion fruit are commonly used to create fruity, refreshing drinks that appeal to those who prefer a sweet, tangy profile. The addition of fruit-based toppings further enhances the fruity experience.

Milk-Flavored: Milk-based bubble teas, such as milk tea and brown sugar milk tea, have become trendy in recent years. These drinks combine the richness of milk with the boldness of black tea, creating a smooth, creamy texture. The combination of milk and tea is a beloved flavor for those who enjoy a more indulgent beverage.

Special Flavors: Many bubble tea shops offer unique or seasonal flavors, which are often inspired by popular trends or local preferences. These can include flavors like taro, matcha, honeydew, or even salted caramel. Special flavors give bubble tea chains the opportunity to offer unique and limited-time drinks that generate excitement and customer loyalty.

Regional Analysis

The black tea base bubble tea market exhibits strong demand across various regions, with distinct preferences and trends emerging in each area.

Asia-Pacific: The Asia-Pacific region remains the largest market for bubble tea, particularly in countries like Taiwan, China, Japan, and South Korea. Taiwan, where bubble tea originated in the 1980s, is still the epicenter of the bubble tea culture. In recent years, bubble tea has seen rapid adoption in China, Southeast Asia, and Japan. The region’s preference for tea-based drinks and the growing number of bubble tea cafes and chains have contributed significantly to market growth.

North America: North America, particularly the U.S., has become a significant market for bubble tea. The increasing trend toward health-conscious eating and the desire for unique, customizable beverages have helped drive the popularity of bubble tea. The rise of bubble tea chains, like Sharetea and Kung Fu Tea, has brought the drink into mainstream culture. The younger generation, in particular, has embraced the fun and personalized experience that bubble tea provides.

Europe: Europe is experiencing a growing interest in bubble tea, especially in urban areas like London, Paris, and Berlin. The trend is catching on among younger consumers looking for novel beverage experiences. While bubble tea is still a relatively niche market in Europe, its popularity is expected to continue growing, particularly as more cafes and specialized shops open in major cities.

Latin America: Bubble tea is slowly making its way into Latin American countries, with markets like Brazil and Mexico starting to show increased demand. While the market is still small compared to other regions, bubble tea has the potential for rapid expansion as younger consumers look for new, trendy beverages.

Key Questions Answered in this Report

What are the challenges to market growth?

Who are the key vendors in this market space?

What will the market size be in 20242032 and what will the growth rate be?

What are the key market trends? What is driving this market?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

Table of Contents :

Section I : Industry Overview

Section II: Scoping, Methodology And Market Structure

Section Iii: Qualitative Analysis

Section IV: Quantitative Analysis

Section V: Competitive Analysis …

Grab More Report:

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12 11, 2024

How high can Bitcoin go? Prediction markets suggest $100K

By |2024-11-12T08:31:16+02:00November 12, 2024|Crypto News, News|0 Comments

  • Bitcoin has continued hitting new all-time highs as prediction markets price in high odds of a run to $100K.
  • Ecoinometrics suggests that BTC’s rally still falls short of its historic post-halving growth.
  • Asset manager Bernstein appealed to investors to begin adding Bitcoin exposure.

Bitcoin is consistently setting new record highs on Monday after breaking above $89K. The continued uptrend has led asset managers like Bernstein to urge investors to consider adding Bitcoin exposure to their portfolios. Meanwhile, prediction market participants speculate that Bitcoin could reach $100K by the end of 2024.

Bitcoin surge above $89K as investors continue to hold

Bitcoin shot over 10% in the past 24 hours, crossing above the $89K level as its price is still largely influenced by Donald Trump’s presidential election victory last week.

As the world’s largest asset continues its rally, prediction market Polymarket has seen increased speculation that Bitcoin will hit $100K before the year ends. This could fuel the bullish momentum, with positive sentiment stirring among investors and crypto enthusiasts.

Bitwise Chief Investment Officer, Matt Hougan, stated that long-term Bitcoin holders have yet to sell below $100K, even as more investors seek to join the rally. 

“An equal part of this rally is that people have stopped selling. Long-term owners are no longer willing to part with bitcoin below $100k, and short-sellers don’t want to step in front of a freight train,” he wrote in an X post on Monday.

Likewise, asset managers amassed record-breaking Bitcoin ETFs volume in the past week. This resulted in firms like Bernstein urging investors to consider gaining exposure to Bitcoin, hinting at a wild price rally.

Today, the Bitcoin ETFs saw record inflows, which, according to Eric Balchunas, suggest strong positive sentiment for the week.

“The Bitcoin Industrial Complex (ETFs + MSTR, COIN) saw $38b in trading volume today, lifetime records being set all over the place, including $IBIT which did $4.5b, which points to a robust week of inflows.”

However, regardless of the massive energy behind the rally, the crypto data platform Ecoinometrics data suggests that Bitcoin’s current rally is yet to match its price growth during the market rally in early March.

The data also highlights previous halving seasons and the growth trajectory that often followed them.


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12 11, 2024

XAU/USD rebound needs acceptance above $2,645 ahead of Fedspeak

By |2024-11-12T08:26:37+02:00November 12, 2024|Forex News, News|0 Comments


  • Gold price attempts to bounce from two-month lows of $2,611 as Fedspeak awaits on Tuesday.  
  • The US Dollar holds Trump trades-led upside despite sluggish Treasury yields and a better mood.
  • Gold price recovery must find a foothold above $2,645 as the daily RSI stays bearish.

Gold price is seeing a dead cat bounce early Tuesday after being hammered down to two-month lows of $2,611 on Wednesday. Attention now turns to speeches from several US Federal Reserve (Fed) policymakers due later in the day for fresh hints on the central bank’s interest rate cut outlook.  

Gold buyers try their luck yet again

In the meantime, Gold traders are likely to take cues from the prevalent market sentiment and the US Dollar price action, as they continue to digest the latest measures under consideration by China to support its housing sector.

Citing people familiar with the matter, Bloomberg News reported that Chinese authorities are outlining a plan enabling major cities, such as Shanghai and Beijing, to reduce the deed tax for buyers to as low as 1%, down from the current rate of up to 3%.

Following the market’s disappointment over China’s 10 trillion yuan ($1.4 trillion) debt package, any additional supportive measures are unlikely to have any positive market impact, as traders remain wary of potential trade tariffs that could be imposed by US President-elect Donald Trump when he returns to office in January next year.

Also, traders refrain from placing fresh bets on the Gold price heading toward Wednesday’s high-impact US Consumer Price Index (CPI) inflation data, which could significantly impact the Fed’s path forward on rates and the US Dollar (USD).

That said, any upside attempt in Gold price could likely be limited as markets continue to favor the USD amid the ‘Trump trades’ and fading expectations of future rate cuts by the Fed.

A solid win for Trump in the US presidential race and a likely Republican majority in Congress have boosted expectations for a more straightforward path to implement his policies. Trump’s policies on foreign trade and tax cuts are seen as inflationary, which could dissuade the Fed from continuing its easing cycle. This, in turn, could support the USD at the expense of Gold price.

Markets are currently pricing in a 67% chance that the Fed will lower rates by 25 basis points (bps) in December, the CME Group’s FedWatch Tool showed, down from about 83% seen at the start of the month. Therefore, Fedspeak is eagerly awaited to seek more clues on the Fed’s rate cut outlook.

Gold price technical analysis: Daily chart

Having taken down all the major Fibonacci Retracement (Fibo) levels recently, Gold price Is consolidating the downside before the next push lower.

In doing so, Gold price has retraced the entire advance from the October 10 low of $2,604 to the all-time high of $2,790.

The 14-day Relative Strength Index (RSI) remains below the 50 level, keeping the downside risks well in place.

Any recovery in Gold price will need to find acceptance above the strong resistance near $2,645, where the 50-day Simple Moving Average (SMA) and the 78.6% Fibo level of the same ascent close in.

The next topside barriers are 61.8% Fibo and 50% Fibo supports-turned-resistances at $2,673 and $2,695, respectively.

If the downtrend regains traction, sellers will attack the October 10 low of $2,604, below which a test of the 100-day SMA at $2,538 will be inevitable in the coming days.

 



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12 11, 2024

Natural Hair-Nourishing Supplements : lemme grow 1

By |2024-11-12T07:02:49+02:00November 12, 2024|Dietary Supplements News, News|0 Comments


Kourtney Kardashian Barker’s wellness brand, Lemme, is expanding its supplement line with a new product to enhance hair growth and overall health: ‘Lemme Grow.’ This product aims to deliver thicker, fuller, and shinier hair within 12 weeks. Designed for individuals seeking a high-quality, science-backed solution to hair thinning, Lemme Grow is formulated with a unique blend of active ingredients, including a specialized keratin complex, essential vitamins, minerals, and amino acids.

‘Lemme Grow’ formula addresses common hair concerns such as age-related thinning and excessive shedding resulting from daily activities. Ingredients like l-cysteine and silica further support hair strength and resilience, working to revitalize strands from root to tip.

“I’ve been passionate about creating a natural, science-backed hair growth supplement since we launched Lemme. It took us over two years to perfect ‘Lemme Grow,’ and I’m excited for consumers to see the transformative results,” said Kardashian Barker in a press release.

Image Credit: Lemme, hypebae, lemmelive



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12 11, 2024

60 Best Gifts for Tea Lovers

By |2024-11-12T03:00:50+02:00November 12, 2024|Dietary Supplements News, News|0 Comments


Photo-Illustration: The Strategist; Photo: Retailer

Drinking tea is a universal pleasure, and as such, all the accessories, pairings, and knickknacks that go along with the ritual make excellent gift-giving opportunities. Whether you’re shopping for someone who is a fanatic about different varieties and brewing styles or someone who simply enjoys curling up with a steaming cup when it’s chilly outside, you’ll find plenty of ideas for beautiful, handy, and all-around standout items on this list.

I talked to tea sommeliers about their favorite varieties of loose-leaf and the vessels that bring out their most nuanced characteristics. I tapped into the Strategist archives to find unexpected ideas like a lemon-blossom-scented honey from one of our favorite olive oil makers. And I pulled from my own favorite tea-related items (as well as those that I personally covet and would be thrilled to receive as a present). Below, you’ll find a range of actual teas, accessories, delicious pairings like truly stellar shortbread cookies, and more — all in a range of prices so you can give just a little something or splurge on a bigger-ticket find for the truly tea-obsessed person in your life.

Update on November 11, 2024: Added products; updated prices and checked stock for all products.

This sampler of teas, recommended by two experts, will allow the curious tea lover in your life to expand their horizons with a mix of citrusy, floral, and sweet varieties sourced from India and Sri Lanka. They’re all caffeinated, so best to give them to someone who doesn’t mind the buzz.

These pretty, not overly saccharine sugar crystals look like actual gemstones and are ideal for sweetening tea without overpowering the taste. This would make such a nice companion gift to anyone you give actual tea to.

This all-in-one tea-brewing mug, a gift idea courtesy of tea consultant Sara Shacket, will allow them to brew loose-leaf tea directly into a personal vessel with a strainer that sits directly inside. It comes in a range of colors so you can be sure to find one that suits them perfectly.

There are some beautiful ceramic mug options below, but a glass vessel is also lovely for tea as you can see the color. This one also has double walls, so it won’t get hot to the touch.

The most important thing to consider when storing tea is keeping out air and light — “tea’s biggest enemies,” Blair Bowman, former head of the tea program at Eleven Madison Park, says. Help the person you’re gifting keep their tea fresh with storage containers that are as elegant as they are functional.

For the iced tea lover, barley is one of the most refreshing types you can drink. Former Strategist staffer Mia Leimkuhler is a fan: “Imagine the taste of a coffee-brown crust on a loaf of chewy artisanal bread and you’ll sort of get the idea,” she says.

If they like mint, Strategist senior writer Liza Corsillo recommends this blend, made up of apple mint, mountain mint, orange mint, peppermint, and spearmint.

Sure, no one needs a sand timer to brew their tea, but it would be much more relaxing to use this than your phone. The green sand is for green tea, the black for black, and they run through at three and five minutes respectively.

If they only ever drink tea from store-bought tea bags, a brewing basket will allow their options of tea varieties to broaden infinitely. This one is a tried-and-true model used by Tony Gebely, owner and founder of Tea Epicure, who says his are more than ten years old and show no signs of wear.

This sleek infuser from the MoMA gift store (the best place to shop for fun and unexpected gifts across the board, in my opinion) is another brewing option. It has a little hook that can rest on the edge of mugs and makes it simple to pull out when steeping time is up.

Yet another infusing option (because there’s one for every occasion): these biodegradable tea bags from Brooklyn-based company Bellocq. Even if they already own a reusable version like the one above, these will come in handy for making more than one cup at a time when company is over and for brewing on the go.

A casual or fanatic tea drinker might enjoy learning more about the world of tea from this well-designed and informative volume (with drawings from NYT best-selling illustrator Wendy MacNaughton). It gives historical tidbits and fun facts about different types, plus helpful brewing tips and recipes so they can better enjoy the tea-drinking experience.

Another fancy sugar option for the recipient who takes their tea sweetened and also appreciates a playful gift, these sugar pieces are shaped like tiny teapots — almost too adorable to dissolve.

Tea and honey are, of course, a classic pairing, so anyone who takes their cup sweet will appreciate a high-quality jar (especially one in such a pretty bottle). This honey has notes of lemon blossom and jasmine.

As for to-go mugs, it doesn’t get better than Zojirushi’s, which has fantastic temperature control (whether hot or cold) and a slim, sleek, and lightweight body.

This cold-brew maker, which can also be used to steep iced tea, comes recommended by Elena Liao, the co-founder of Té Company. She especially appreciates how tightly the lid of this one fits, which allows it to be stored sideways in the fridge for space, as well as taken along for picnics.

Strategist senior editor Winnie Yang is a regular oolong drinker but avoids caffeine at night, so in the evening she turns to this blend that includes peppermint, calendula, and oat tops among other ingredients. “It’s delicious and possibly the reason I was unaffected by my allergies — thanks to the nettle — for the first time this year,” she says.

A less obvious gift, but shortbread is the perfect cookie to pair with tea: not overly sweet and with a buttery-crisp texture that begs to be washed down with a refreshing sip. Laurie Pellicano (formerly of San Francisco’s famed Tartine) bakes many different kinds that are downright delicious and beautifully packaged to boot.

To venture even further out of the box, consider this set of tea-scented erasers shaped like boxes of tea. They’d make adorable stocking stuffers for anyone who has a daily cup.

Or opt for a classic blend from this London department store. It’s been selling this tea since 1909, after first mixing Flowery Pekoe from Sri Lanka and Assam teas for King Edward in 1902. And for what it’s worth, Paul Feig is a huge fan, saying it’s the only variety of decaf he has found that tastes as full as a black tea.

This set, recommended by certified tea sommelier Mel Hattie, includes everything they’ll need to brew tea in the classic Chinese method of gong fu cha: a porcelain teapot, four tasting cups, a bamboo tray, and tea pliers, all packaged up in a sweet compact travel bag.

Opt for this set of classic Taiwanese varieties from a beloved NYC shop. There are several oolongs plus a black, along with cards that give information on tasting notes for each so they can learn as they sip.

This recommendation comes courtesy of Ben Gibbard: a clever foldable electric kettle he and his wife use while on tour. It compresses down so you can throw it in a bag and then brew your own tea wherever you are.

Sure, they could stir their tea with a regular kitchen spoon, but these dainty ones will make the ritual all the more enjoyable. I love the look, too, with patterns that feel straight out of House & Garden.

Or for a different look, opt for this more modern colored glass set. The handles are longer so would work well to stir sugar into an iced-tea pitcher.

This glass and stainless-steel cold-brew-maker works just as well for tea as it does for coffee and therefore makes an exceptionally thoughtful gift for anyone in your life who takes their liquid caffeine in both forms. It brews four cups at a time.

The tea lover who often serves to a crowd should have a larger pot. “You want to give the tea leaves room to breathe and move,” says tea expert Kathy YL Chan, which is exactly what this glass model does (a stainless-steel filter catches the bits and pieces right before they exit the spout).

While it’s sized more for the individual, Strategist deals editor Sam Daly says this porcelain tea pot with a built-in infuser is also great. It comes in ten colors so you can pick the one most suited to your recipient.

When it comes to matcha, we love Ippodo’s varieties, which are recommended by multiple experts. The Ummon in particular is earthy and creamy, says Karina Hoshikawa, a senior writer at Refinery29 and avid matcha drinker.

Or consider a variety from Kettl. It has many to browse from, but this one comes recommended by Yang. It has a satisfying dark-chocolate aroma and soft cocoa-y nuttiness according to the company.

Yes, this is called a coffee canister — but it’s also good for keeping loose-leaf tea super-fresh, a must for anyone who buys in bulk. The stainless-steel container prevents air, light, and heat from affecting the leaves and degrading their potency.

If they’re not storing loose-leaf, they can be a little more lenient with the vessel they use. This especially fun enameled one from Dusen Dusen will still keep the bags plenty fresh thanks to its tight-fitting lid.

If they enjoy milk with their tea, a pretty stoneware creamer will make a lovely addition to their setup.

Tea sommelier Daniela Titiun recommends this travel mug for its game-changing brew mechanism. Instead of leaving the leaves to sit in the water far longer than they should (or else having to inconveniently discard them while on the go), you simply turn the vessel upside down so they’re housed safely at the top, twist the lid to detach at the center, and sip.

This Dansk butter warmer is the perfect size for gently warming up milk on the stovetop. I think all the pieces the iconic company makes feel especially giftable with their gorgeous color options, smooth rounded edges, and wood details.

There’s nothing better than having a pitcher full of iced tea on a hot summer’s day — and this sweet bee-studded one makes a statement without looking over the top. (There are tumblers to match if you want to throw in something extra to take your gift over the top, though.)

If they like frothed milk (especially nice in something like chai, which has a real depth to the body), the NanoFoamer is a super-powerful handheld milk frother that, according to two pros, creates a café-quality consistency. A combination of this plus the two previous gifts would make a really stellar DIY bundle.

They can never have too many mugs, and this one from East Fork is a personal favorite of mine. The handle is supremely comfortable to grip and the thick walls help tea stay warm longer than many other mugs I’ve used.

This mug — patterned but not over the top — is so pretty.

Finally, I love this stackable option from Hasami. The mugs come in three sizes and various colors — but all fit together in a streamlined tower so they’re super easy to store.

I have Alaya’s delicious teas stocked in my own pantry. Though it’s caffeine-free, the lemongrass and ginger variety is zingy enough to really wake you up, and the addition of a textured ceramic mug and stainless-steel strainer make it a complete and lovely (not to mention all-around affordable) gift.

For the tea lover who prefers a non-caffeinated cup, this beautiful gift box from French purveyor Palais des Thés will give them lots of range within the category: It’s packed with 45 bags of varying herbal varieties.

This set comes from California-based Flowerhead Tea, which sources many of its leaves and flowers from farms around the state. The bags here are loose-leaf mate, hojicha, and red rooibos — though the company also sells well-designed boxes of tea bags if they prefer to brew that way.

Strategist writer Kitty Guo has tried a lot of chais (her go-to coffee-shop order) to find one she loves brewing at home. Herbs & Kettles is the winner. She especially loves the masala, but she has tried them all and thinks this gift box is nice for a present. They’re not “so strong that they’re overpowering,” she says. “But the spice definitely hits the back of your throat when you take a sip.” Plus all the tea is single origin and sourced from small, sustainable farmers across India.

When an afternoon snack or nighttime dessert craving hits, they can load up this tray with a cup of steaming tea and a treat — then carry it to their desk or the couch with minimal hassle. All the earthy color options are winners in my book.

If their tea cabinet looks anything like mine (brimming with half-full boxes of tea varieties stacked precariously on top of each other), they could probably use an organizer. This wooden one is simple and sophisticated — a nice way to present guests with tea options, too.

Serious tea drinkers might scoff at the fact that I reuse tea bags — but sometimes I do! And these little condiment bowls (which come in handy for countless other things, too) make the perfect dish to hold it while I sip my first cup.

I use this beautiful glass vessel all winter long and think it would make the perfect upgrade for anyone who also brews tea via French press but has a less aesthetically pleasing model. It’s elegantly thin but somehow still heavier-weight than it looks, so it feels high-quality to pour from.

If their go-to shop order is a matcha but they don’t have an at-home setup, help them get started with this kit from New York–based company and café Chalait. It includes all the accessories they need: a matcha scoop, bowl, whisk, and whisk stand (so the bamboo doesn’t wear over time). Bonus points if you gift them a tin of powder to go along with it.

While I recommended two more affordable strainers above, this admittedly expensive one is a handcrafted piece any serious tea drinker will likely be thrilled to own. It comes from Kettl (maker of one of the teas above) and is simply beautiful, twisted in an intricate pattern from sturdy stainless steel.

I’ve long admired Sophie Lou Jacobsen’s glass work — and this playful yet sophisticated sugar bowl is no exception. It comes with a teaspoon for doling out the perfect scoop.

For tea beginners who are unsure about setting exact temperatures (yes, even a few degrees can make a difference in letting the flavors of particular kinds shine through), Shacket likes that this kettle has simple presets for black, white, green, oolong, and delicate teas.

Or consider this stovetop option from one of our favorite brands, Hario. Like the Fellow, below, it has a gooseneck spout for streamlined pouring — but because it’s stovetop rather than electric, it’s more affordable. I also love the copper color and wood knob, which make it a bit higher-end than the standard stainless steel one.

Fans of classic English design will appreciate this bone-china cup and saucer, dignified enough for high tea. The delicate floral pattern and gold detailing make it pretty enough to keep on display.

Or consider this classic porcelain cup and saucer from Spode, adorned in their signature (and extremely intricate) blue-and-white design.

I recommend these coasters for coffee lovers, too — and that’s because they’re simply the best. The merino wool absorbs any condensation or drips (instead of pooling off the surface) and the tray keeps them looking neat on your coffee table or desk while not in use.

This is one of my own most-coveted kitchen items, a classic design from Italian brand Alessi (which also makes one of our favorite wine openers and an unexpectedly elegant citrus peeler). It’s not cheap, but if you’re willing to splurge for the tea lover in your life, it’s something they’ll be so happy to keep displayed on their stovetop.

If they’re the type who brews a cup of tea and then forgets, letting it sit out to get cold, the Ember Mug will allow them to reheat directly in the vessel they’re drinking from without using a microwave or maintain a hot temperature while it’s kept on the base. It heats between 120 and 145 degrees in one-degree increments so they can choose exactly what tastes ideal to them.

A perennial good gift, the Stagg EKG is the very best (and best-looking) electric kettle on the market. It boasts a gooseneck spout for precise pouring and exact temperature control, and you can pick from a range of classy finishes in mattes and metallics to best fit the vibe of your recipient.

Though it’s a bit more outside the box, Alaya Tea co-founder Esha Chhabra (I recommend her company above) gave the idea of gifting a top-tier stainless-steel pot because “the best chai is made over the stove,” she says. I’ll also note that this is how I brew big-batch iced tea in the hotter months.

The Strategist is designed to surface the most useful, expert recommendations for things to buy across the vast e-commerce landscape. Some of our latest conquests include the best women’s jeans, rolling luggage, bed sheets, coffee makers, and bath towels. We update links when possible, but note that deals can expire and all prices are subject to change.

Every editorial product is independently selected. If you buy something through our links, New York may earn an affiliate commission.





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12 11, 2024

Natural Gas Price Forecast: Tests Triangle Resistance, Bullish Breakout in Sight

By |2024-11-12T02:20:43+02:00November 12, 2024|Forex News, News|0 Comments


Potential Triangle Bull Breakout

As of today, there is a potential bull breakout of a symmetrical triangle formation approaching. A rise above the top line will provide an initial sign of a potential breakout. However, since the swing high of 3.02 is not too much higher, a decisive advance above that price level should provide a more reliable bullish signal as it will further confirm strength. A trendline break alone generally needs further confirmation for greater validation.

Price Structure Targets

Let’s look at a couple ways to consider upside targets. First, previous price structure marks potential resistance. Each prior swing high within the triangle pattern identifies a potential resistance zone as it was an area of resistance in the recent past as the triangle formation evolved. The swing high of 3.02 is followed by the peak from June at 3.16. Next up is the swing high from January at 3.39, followed by the 2023 peak at 3.64.

Price Symmetry Targets

Then, price symmetry is analyzed looking for potential pivots where there is a match between swings, A pivot area could lead to a pullback or a breakthrough. There are three rising ABCD patterns shown on the chart to highlight price symmetry. The largest pattern is shown in orange, and it begins from the April swing low (A).

Since it is the largest pattern as it covers the longest time frame, it identifies the potentially more significant price target, which is 3.45. The next rising ABCD pattern is in purple, and it points to a potential pivot at 3.35. A more recent and therefore smaller rising ABCD pattern in green points to a potential initial pilot of 3.22 for natural gas once a sustained breakout of the triangle occurs.

For a look at all of today’s economic events, check out our economic calendar.



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