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6 11, 2024

XRP Price Prediction for November 6

By |2024-11-06T21:15:58+02:00November 6, 2024|Crypto News, News|0 Comments

Cover image via U.Today

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

Bulls are controlling the situation on the market, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The price of XRP has risen by 3.26% since yesterday.

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Image by TradingView

On the hourly chart, the rate of XRP is in the middle of the local channel, between the support of $0.5140 and the resistance of $0.5426. 

Related

DOGE Price Prediction for November 5

As most of the daily ATP has been passed, there are low chances of any sharp moves by the end of the day.

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Image by TradingView

On the bigger time frame, the picture is unclear. Even if today’s bar closes bullish, the price of XRP might need more time to accumulate energy for a further move. In this case, sideways trading in the area of $0.52-$0.54 is the more likely scenario.

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Image by TradingView

From the midterm point of view, none of the sides is dominating. If the weekly candle closes around the current prices, traders may witness ongoing consolidation in the range of $0.50-$0.56.

XRP is trading at $0.5315 at press time.

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6 11, 2024

XAU/USD pares losses, consolidates around $2,660

By |2024-11-06T21:00:44+02:00November 6, 2024|Forex News, News|0 Comments


XAU/USD Current price: $2,666.19

  • Former President Donald Trump won the 2024 presidential election.
  • The Federal Reserve will announce its decision on monetary policy on Thursday.
  • XAU/USD trades near its daily low, more slides likely despite near-term oversold conditions.

In one of the tight races in the United States (US) history, Donald Trump has been elected the 47th President of the world’s largest economy. Trump will return to the White House in January 2025, pulling off a stunning victory. By the time of writing, Trump has secured 277 electoral votes, more than the 270 needed to take office.

As a result, the US Dollar soared, pushing Gold prices to fresh three-week lows. XAU/USD trades near an intraday low of $2,652.29 in the mid-American session without signs of losing its downward momentum.

But not only the Greenback benefited from Trump’s victory. US indexes also run, reaching record highs, while government bonds plunged, sending Treasury yields to fresh multi-week highs. It is worth noting, however, that the 2-year note offers 4.28%, while the 10-year note yields 4.46%, the latter advancing at a faster pace and keeping the yield curve in the right place.

Excitement is far from over, given that the Federal Reserve (Fed) will announce its decision on monetary policy on Thursday. The Fed is widely anticipated to cut the benchmark interest rate by 25 basis points. The focus, however, will be on what Chairman Jerome Powell has to say about Trump’s return as the expected shift in fiscal and financial policies is likely to take its toll on US economic developments.

XAU/USD short-term technical outlook  

From a technical point of view, XAU/USD daily chart shows bearish pressure is in full shape. Technical indicators maintain their downward slopes after crossing their midlines into the negative territory, heading south almost vertically. Even further, the pair broke below a bullish 20 Simple Moving Average (SMA), which now stands at around $2,714. The 100 and 200 SMAs maintain their bullish slopes far below the current level, suggesting there is still a chance for bulls.

The pair seems to have found an intraday bottom, according to the 4-hour chart. XAU/USD plummeted below all its moving averages, with the 20 SMA accelerating its slump above, but still above the 100 and 200 SMAs. As for the longer moving averages, they have lost their upward strength. Technical indicators, in the meantime, have pared their slides but stand within extremely oversold readings.

Support levels: 2,652.25, 2,638.00 2,615.65

Resistance levels: 2,686.70 2,698.70 2,714.90

 



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6 11, 2024

Zenith Labs: Embracing a Holistic Approach to Anti-Aging

By |2024-11-06T19:38:58+02:00November 6, 2024|Dietary Supplements News, News|0 Comments


Zenith Labs: Embracing a Holistic Approach to Anti-Aging

MCHENRY, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) — The increasing demand for dietary supplements is indicative of a larger cultural shift toward holistic health practices. Analysts project that the market will grow from USD 163.9 billion in 2022 to USD 327.4 billion by 2030. At the core of this growth is a profound reevaluation of traditional healthcare patterns, favoring prevention, personalization, and a more integrated perspective on well-being.

Integrating Holistic and Preventative Health Practices

Preventative health is a critical component of a holistic outlook on wellness. This involves proactively maintaining high levels of health to prevent illnesses before they occur.

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Key lifestyle choices are central to this strategy. These include engaging in regular physical activity, maintaining a balanced diet, managing stress effectively, and strategically using supplements and herbal treatments to strengthen the body’s natural defenses.

Individuals can prevent diseases rather than react to them after they appear by adopting these practices.

With a growing emphasis on preventative health, there is a noticeable shift in public perception regarding conventional medicine. It is often criticized for relying heavily on pharmaceuticals and invasive procedures, and for focusing primarily on symptoms rather than addressing the underlying causes of health issues.

Concerns over potential side effects, high treatment costs, and the impersonal nature of many medical interactions have led to increasing skepticism about this method. In response, more and more people seek natural and perceived safer alternatives that align with a holistic health philosophy. These alternatives favor methods that treat the entire body rather than just individual symptoms.

Personalization of Healthcare

Another key aspect of this shift is the personalization of healthcare. Traditional medical points of view can sometimes appear one-size-fits-all, which doesn’t account for each individual’s unique biological and psychological makeup.

Alternative health solutions, on the other hand, often offer more personalized care, which can be tailored to meet each person’s specific needs and preferences. This includes customizing diet plans, exercise routines, and supplement regimens that cater directly to the individual’s health goals and conditions.

The accessibility of information has empowered individuals to make informed decisions about their health. This empowerment is particularly evident in using supplements and herbal treatments, where individuals actively manage their health based on their research and understanding.

Many supplements and herbal medicines have been shown to be effective by scientific research, which bolsters the credibility of alternative treatments. Companies that focus on evidence-based products, like Zenith Labs, underscore their commitment to providing reliable health solutions grounded in rigorous scientific research.

Integrative Solutions from Zenith Labs

Zenith Labs integrates advanced scientific insights into its supplement formulations to target more than disease prevention. Zenith Labs offers solutions that optimize the body’s various systems by using the latest nutritional science advancements, demonstrating a sophisticated understanding of how nutrients and herbal compounds can positively influence health.

Dr. Ryan Shelton, clinical research director at Zenith Labs, articulates this vision: “At Zenith Labs, we view health as a complex, interconnected system. Our products are formulated to enhance each part’s function in support of the whole. This holistic approach makes sure our supplements do more than address symptoms-they enhance overall well-being.”

Zenith Labs provides a diverse range of supplements tailored to specific health needs-from Longevity Activator for age-related concerns to Vision 20 for eye health, and others like Joint N-11, Brain C-13, BP Zone, BP Thrive, Blood Sugar Premier, Nano C, TitanFlow, and Hair Revital X, addressing a broad spectrum of health issues.

Adherence to high manufacturing standards is another cornerstone of Zenith Labs’ operations. Their facilities comply with cGMP (current Good Manufacturing Practices) and all formulas are third-party tested, helping ensure the purity and potency of their supplements and building trust with consumers who are cautious about the quality and origin of their health products.

Future Prospects in Holistic Health

Zenith Labs is expected to continue its role as a leader in the holistic health sector. With ongoing research and a commitment to innovation, the company is likely to expand its product offerings to include even more targeted solutions that address the emerging health concerns of a global population.

As health discourse progresses, Zenith Labs remains integral to shaping a future where holistic and preventative health practices are standard. Their commitment to merging scientific rigor with natural solutions places them at the forefront of the movement toward a more integrated health and wellness outlook, marking significant progress in managing health worldwide.

Contact information:

Company name: Zenith Labs

Media Contact: Media Relations

Website: https://zenithlabs.com/

Email address: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e58bfc15-888d-49b9-b018-59d529460218



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6 11, 2024

USD/JPY Analysis Today 06/11: Breaks the Uptrend (Chart)

By |2024-11-06T19:17:04+02:00November 6, 2024|Forex News, News|0 Comments

  • With Trump’s victory now confirmed, the USD/JPY pair is trading around 151.35, reflecting renewed strength for the U.S. dollar.
  • Markets anticipate that a Trump presidency could reduce the need for further easing by the Federal Reserve, as business-friendly policies are expected to stimulate economic activity independently.
  • This outlook supports a bullish trend for the dollar and could increase Treasury yields as market confidence builds in the post-election environment.
  • In contrast, there are no catalysts from Japan, but it is worth noting that the Bank of Japan turned to a less pessimistic stance in its policy statement last week.

According to stock trading platforms, Wall Street indices are booming on Election Day. US stocks rose on Election Day as investors awaited the outcome of the tight race between Kamala Harris and Donald Trump. The S&P 500 rose 1%, the Nasdaq 100 gained 1.3% and the Dow Jones rose about 400 points. All sectors were in the green, with consumer discretionary, industrials and technology leading the gains. Chipmakers outperformed, with Nvidia up 2.5%, Intel up 3.4% and Broadcom up 2.6%, driven by strong demand for AI data centres reflected in strong third-quarter earnings from Astera Labs on Monday. Major tech stocks also rose, including Meta (up 1.6%), Amazon (up 1.7%) and Tesla (up 4.8%). However, Boeing shares fell 2% as workers accepted a new Labor deal, ending a strike. Looking beyond the election, markets are focused on the Federal Reserve’s policy decision on Thursday, with traders widely expecting a 25-basis point rate cut. Furthermore, investors remain cautious about potential market volatility if the election results face delays or disputes.

USD/JPY Technical Analysis and Expectations Today:

USD/JPY has been trending higher in the past few days, with higher lows connected by a bullish trend line that has held since late September. Technically, the price could be on the verge of testing this support area again soon. The Fibonacci retracement tool shows additional levels where buyers may be waiting. The 38.2% Fibonacci retracement level at 149.27 is near the trend line, then the 50% Fibonacci retracement level at 147.81 is near the dynamic support of the 200 SMA. The ascending retracement line could be the 61.8% Fibonacci retracement level at 146.35, as a break below this level could signal the start of a reversal.

Meanwhile, the 100 SMA is above the 200 SMA to indicate that the stronger resistance path is upwards or that support is likely to hold rather than break. Clearly, the gap between the indicators appears to be widening to reflect strong upward pressures. If any of these indicators hold as support, USD/JPY could resume its climb to the high of 154.00 or higher. Stochastic is already rising from oversold territory to signal a revival of bullish pressures, and the oscillator has plenty of room to run before hitting overbought territory to signal exhaustion. The RSI has some room to slide before hitting oversold territory to signal exhaustion, so the correction may continue until that happens.

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

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6 11, 2024

Rollblock Sees Strong Interest as ETH & Solana Price Plunges

By |2024-11-06T19:15:14+02:00November 6, 2024|Crypto News, News|0 Comments

SPONSORED POST*

It’s been bullish for many cryptos but Ethereum has struggled for one reason or another. All cryptocurrencies go through cycles, however and we’re bullish so we’ll offer our ETH price prediction for the end of the year.

After a fantastic 18 months, Solana has seen its price plunge since Q2; will this continue? We’ll also take a look at the new utility token Rollblock, a presale crypto platform that’s caught the imagination of the market as it prepares for what is expected to be a very bullish 12 months.

Rollblock sees strong interest as investors position themselves early

Rollblock (RBLK) is seeing impressive interest from the crypto community as investors increasingly look for new opportunities to diversify their portfolios. This growing popularity stems from Rollblock’s GambleFi platform, a utility token that utilizes the strength of blockchain technology and centralized online gambling platforms.

With a presale that has already raised nearly $5 million and a token price up by 230%, Rollblock has always been on analysts’ radar but is now catching the attention of those looking for high-potential, early-stage investments.

The platform introduces a revenue sharing model in which RBLK token holders earn a portion of the casino’s profits. This is paid out to all token holders and is highly attractive to early investors, but the staking reward of up to 30% APY is another key attraction, especially for those interested in building a passive income.

With analysts predicting a promising future for Rollblock, some are predicting gains of 100x after it launches, and the platform’s presale success is earning it a solid reputation among investors. It’s still early in the bull market, but with another year or more still to go, it could turn out to be a very promising year for Rollblock investors.

ETH price prediction: ETFs will eventually trigger a major catalyst

Ethereum has really disappointed this year, and any bullish ETH price prediction might be met with disbelief. The ETF launches in July were supposed to trigger a bull run but there have been negative outflows and the ETH price has fallen 30%.

However, we remain bullish on Ethereum, as the developer activity on the platform is second to none and it’s only a matter of time before the price starts to run up. The ETFs will turn around, so we believe Ethereum will be strong going into the end of the year (EOY) and our ETH price prediction is $3300, up 35%.

Solana is becoming the ultimate utility token

Solana is the only true competitor to Ethereum and it has been one of the leading cryptos since the market bottom in 2022. In that time, the SOL shot up 20x ROI before correcting but with the amount of developer activity on Solana, we believe it too will have a bullish Q4 for the ultimate utility token. It’s unlikely to see such big gains again, but a SOL price of $250 by the EOY will see a nice 60% ROI for investors.

Conclusion

Our ETH price prediction and that of Solana are bullish, even if the gains aren’t life-changing. No matter, both should be part of a diversified portfolio, as should the new utility token Rollblock. Analysts have predicted RBLK to be one of the leaders of this bull market and its presale success is validating such bullish predictions.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

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

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6 11, 2024

Healthier Thanksgiving Side Dishes – HealthyWomen

By |2024-11-06T19:07:40+02:00November 6, 2024|Fitness News, News|0 Comments

Thanksgiving is right around the corner and you know what that means. It’s sides time!

Everyone knows side dishes are the real star of Thanksgiving. Who doesn’t love a glorious gathering of creamy potatoes, stuffing and green bean casserole (not touching on the plate of course — we’re not animals).

These classics tend to hold nostalgia — and a lot of butter — considering the average person eats more than 3,000 calories and 159 grams of fat during the typical Thanksgiving meal. That’s both terrifying and impressive.

But there are some ingredients you can swap out to make healthier versions of your favorites without ruining your credibility as top turkey day chef. “You can have something that’s tasty and still support your health goals,” said registered dietitian Julie Stefanski, MEd, RDN, LDN, FAND, a spokesperson for the Academy of Nutrition and Dietetics.

Read: Enjoy Eating Healthy During the Holidays with These Recipes >>

We asked Stefanski for her tips on how to make your favorite side dishes a little healthier this Thanksgiving.

Swap: Neufchâtel cheesefor cream cheese

You’ve probably seen Neufchâtel hanging out near the cream cheese in the dairy aisle. It’s known as “light” cream cheese because the two are similar in texture and taste but Neufchâtel is lower in fat. “If you’re making any type of dip that’s made with cream cheese, Neufchâtel cheese is a good option — it’s lighter without losing any of the body or the mouth feel from the full-fat version,” Stefanski said. Neufchâtel also sounds fancy — so win, win.

Swap: Greek yogurt for sour cream

Sour cream and plain Greek yogurt are also similar in their tangy flavor and creamy texture. But Greek yogurt has less calories and fat and more protein compared to sour cream. “Greek yogurt is really good to use in anything you’re going to mix up in a mixer or a food processor,” Stefanski said. Slip it into your corn casserole and it’ll be our little secret.

Swap: Olive oil for butter

Olive oil is made up of mostly monounsaturated fatty acids which help lower LDL (bad) cholesterol. Butter, on the other bun, is made up of mostly saturated fat which can lead to heart disease — the number one killer of women in the U.S. So, if you can use olive oil when cooking or as an ingredient, your heart may thank you. “Especially if it’s something like the gravy and it doesn’t necessarily have to have butter, try the olive oil,” Stefanski said.

Swap: Extra sharp cheddar for cheddar cheese

When the recipe calls for cheddar cheese, extra sharp cheddar will give you the tang and flavor you want but you don’t need as much of it. That means less calories and fat overall. “You can often cut it back by 1/3 of a cup or half a cup depending on the recipe,” Stefanski said. Try the trick with cheesy potatoes or mac and cheese.

Read: Healthy Recipes >>

Swap: Low-sodium chicken broth for cream/butter

If your mashed potatoes or sweet potato recipe calls for heavy cream, you can use less and add low-sodium chicken broth. “The low-sodium chicken broth is a really good way to cut back on additional fat while you’re thinning out mashed potatoes. And you get more flavor with the chicken broth,” Stefanski said. It’s also a good way to cut down on salt, which is a staple ingredient in many Thanksgiving dishes.

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6 11, 2024

Best Green Tea Brands in India (November 2024): That Not Only Feels Refreshing But Tastes Great Too!

By |2024-11-06T17:38:13+02:00November 6, 2024|Dietary Supplements News, News|0 Comments


Best Green Tea Brands in India: Tea is a beloved beverage in Indian households, cherished for its ability to relieve stress and bring comfort in a hectic lifestyle. Green tea, in particular, has been cultivated in India for centuries, embodying a legacy of craftsmanship and authenticity. Today, popular Indian brands like Organic India, Lipton, etc continue this tradition, offering quality green tea that combines health benefits with rich flavours like tulsi, lemon, and honey. These green tea best brands are committed to both taste and health, allowing tea drinkers to enjoy the ritual of green tea beverages while reaping its natural benefits. If you are in search of the top-rated green tea brand to improve your well-being, go through this article. 

Best Green Tea Brands in India: Top 5 Picks 

Made with authentic Darjeeling leaves to Kashmiri Kahwa, we have reviewed, green tea’s best brands in terms of their originality, flavours, quality, etc, Check out the deals on these food beverage items. 

1. Sancha Tea Boutique Peppermint Green Tea

To give you AROMA of intense, cool & overwhelming menthol notes, the Sancha Tea is considered one of the best green tea in India! 100% rainforest alliance certified, this green tea has carried the legacy since 1981. Boosting metabolism naturally, this organic India green tea is top-rated when it comes to use. Loaded with antioxidants this superior grade high-quality mountain tea is blended with real peppermint leaves. For better use, put ½ teaspoon of green tea in a cup of hot water. Sancha best green tea price: Rs 330. 

2. MAHER BAGH Cinnamon Bay Green Tea

Get the calm Himalayan experience from the comfort of your home with one of the best green tea brands, MAHER BAGH! Get ready to discover a new flavour of cinnamon in this green tea to feel an embrace of warmth, tranquillity, and peace of mind on any busy day. Adding a subtly earthy note to your hot cup of green tea, it is well-mixed with the bay leaf, a super herb. Plus, with the pure natural, this green tea lets you immerse yourself in the goodness of nature. MAHER BAGH best green tea price: Rs 539. 

green tea

3. ORGANIC INDIA Tulsi Green Classic Tea 50 Tea Bags – Green

Now embrace a healthy metabolism and an abundance of antioxidants. This organic Indian green tea is made with BASIL flavour and comes in 50 tea bags form. This low-caffeine green tea is extremely good for overall well-being and can uplift your mood anytime. To prepare a hot cup of this refreshing Tulsi green tea, pour fresh boiling water, dip 1 tea bag, and infuse it for 3-5 minutes. ORGANIC INDIA green Tea price: Rs 324. 

green tea

4. GOODRICKE Symphony Green Tea Lemon & Mint Flavour

Sourced directly from the lush gardens of Darjeeling, the GOODRICKE, one of the best green tea brands in India, is known for its high-quality leaves to bring exquisite flavour. Offering a refreshing and detoxifying experience, this GOODRICKE green tea is perfect for overall well-being. With the enticing colour and superior taste, get ready to enjoy a soothing beverage anytime, either plain or with a hint of lemon. GoodRicke Green Tea price: Rs 299. 

green tea

5. Girnar Food & Beverages Pvt. Ltd. Detox Green Tea

This Girnar Detox Green Tea contains black pepper, tulsi, Asafoetida, clove, cardamom, cinnamon, nutmeg, rock salt, citric acid, etc. This best green tea is all about mixed herbs and spices. Containing 36 individually foil-wrapped tea bags, this tea has the excellent since 1978. Better for the chilly winter season, Girnar green tea is a perfect blend to assure comfort. Girnar green tea price: Rs 313. 

green tea

6. Teabox Darjeeling Green Tea Sampler Bags 20 Tea Bags

Want a combination of different flavours in one box? This assorted flavour Darjeeling green tea lets you enjoy a diverse selection of 20 teabags with 10 different flavours. Having the green and herbal tea blend, this best green tea brand caters to various preferences and occasions. Guaranteeing freshness, this teabox is perfect for any occasion and is a thoughtful gift for tea enthusiasts. Plus, with a variety of options, you can enjoy numerous flavours anytime. TeaBox Darjeeling Green Tea price: Rs 145. 

green tea

7. YOGAFY – Darjeeling Green Tea

Want a comfy evening to deal with your hectic work schedule? Get this Yoga Darjeeling green to boost your confidence and achieve a sense of calmness. Packed with ingredients such as natural fresh Darjeeling green tea whole leaves, this refreshing green tea is packed with flavonoids to boost metabolism and keep you fresh all day long. Well, guard your lifestyle with this YOGAFY green tea by steeping it for 2-3 minutes in a hot cup of water. YOGAFY green tea price: Rs 308.

green tea

8. Vedaka Green Tea, Honey and Lemon 

Carrying all-natural flavours and zero calories, this Vedaka green tea brand is made from hand-picked tea leaves from India. Being a rich and natural source of protective antioxidants, this best green tea brand in India helps to fight oxidants in the body to promote a healthy lifestyle. Blended with the lemon and honey flavours, this green tea gives a refreshing kickstart to your day. Vedaka Green Tea Price: Rs 308. 

green tea

9. TGL Co. The Good Life Company Kashmiri Kahwa Green Tea 100 Gram

Carrying the goodness of Ayurvedic, this TGL Co. green tea brand brings the real taste of herbs and spices and lets you immerse yourself in the pure authentic flavours of cardamom, cloves, rose petals, almonds, saffron, etc. Free from any radicals, this green tea is a good source of vitamins and minerals. Offering an authentic Kashmiri KAHWA taste, this tea is made with no oil, preservatives, or artificial essences. Grown without pesticides, this green tea ensures that each tea bursts with flavour and aroma. TGL Co. green tea price: Rs 792. 

green tea

10. Lipton Honey Lemon Green Tea

Coming from the iconic brand Lipton, green tea originated in India to offer simply delicious flavour and great taste with ingredients such as green tea, honey lemon flavour, and more. Containing zero calories, this Lipton green tea box carries 100 packets and soothes your mind and soul. Whether you are having a hectic day or feeling pressured, this Lipton green tea can help you feel refreshed and healthy. Lipton Green tea price: Rs 510. 

green tea

FAQs on Best Green Tea Brands in India 

1. Which company is best for green tea? 

Companies like Lipton, GOODRICKE, etc are popular for quality green teas, while brands like Sancha are highly regarded for their organic options.

2. Is it OK to green tea daily? 

Yes, it’s generally safe to drink green tea daily. It helps to boost metabolism and provide antioxidants, but make sure you keep it to 2-3 cups to avoid excess caffeine.

Explore More on Best Green Tea Brands in India 

Image Credit: Pinterest 

Disclaimer: No journalists were involved in the production of this article. The prices mentioned here are subject to change for Amazon. Also note, that the mentioned products are picked on user ratings and Her Zindagi is not responsible for the after-sale service of any product



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6 11, 2024

Pound to Euro Rate Jumps on President Trump Win, USD Rallies, EUR Pressured

By |2024-11-06T17:15:57+02:00November 6, 2024|Forex News, News|0 Comments

November 6, 2024 – Written by Frank Davies

STORY LINK Pound to Euro Rate Jumps on President Trump Win, USD Rallies, EUR Pressured

US Ddollar gains to some extent.

The Pound to Dollar (GBP/USD) exchange rate dipped to just below 1.2850 before regaining the 1.2900 level.

The Euro has been hit harder than the Pound due to fears over a more aggressive trade policy and damage to the Euro-Zone economy.

In this context, the Pound to Euro (GBP/EUR) exchange rate has strengthened to 1.2000.

According to ING; “Given the UK economy’s smaller exposure to trade than the eurozone and some recently announced fiscal stimulus in the UK, EUR/GBP looks likely to press support at 0.8300 and looks biased to 0.8200 now.”

This would represent gains to 1.22 for GBP/EUR.

Former President Trump has secured re-election with victory in at least six of the key battleground states and is also on course to win the popular vote.

The Republicans will also gain control of the Senate while the House outcome is still uncertain.

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Control of the House will be very important for the US agenda.

In this context, ING considers that the House result will be very important for all asset classes.

ING commented; “with the Senate already been called for the Republicans, the base case for financial markets is currently a red clean sweep. Still, the House race remains a very close one, and the Congress split is likely to have deep implications for risk sentiment and the dollar.”

According to MUFG; “Of course there are different kinds of clean sweeps and only a marginal majority could be seen as a potential curtailment of some of Trump’s fiscal policies with the potential for moderate Republicans to block big spending policies.”

MUFG commented; “We indicated in our FX Outlook in October and November that a Trump victory would lead to a potential 7-8% stronger US dollar relative to the forecasts if Harris won.”

It expects EUR/USD will trade below 1.05, undermining GBP/USD support.

Markets will be looking at the European context, especially given expectations of a tougher trade policy from a second Trump administration.

Commerzbank also expects the single currency to come under pressure; “The euro area is likely to suffer disproportionately from a restrictive US trade policy. Not only because of its direct exports to the US. Should the US not remain the ultimate sink of global trade flows (or only in terms of trade that are more favorable for the US than before), global trade as a whole may suffer. This will affect the export nations. And quite a few of them are in the euro area. Germany, for example.”

Danske Bank expects the economy will be a near-term focus; “Regardless of the final election outcome, economic fundamentals will likely resume as the primary market driver until there is greater clarity on the winner’s policies, particularly regarding trade and fiscal policy.”

Foreign Exchange Rate Winners and Losers:

Pound to Euro exchange rate (GBP/EUR) is 1.1995 (+0.56%)
Pound to Dollar exchange rate (GBP/USD) is 1.28936 (-1.14%)
Euro to Dollar exchange rate (EUR/USD) is 1.07491 (-1.69%)

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6 11, 2024

Dogecoin Price To Hit $4 As Elon Musk’s D.O.G.E. May Target US Fed

By |2024-11-06T17:14:22+02:00November 6, 2024|Crypto News, News|0 Comments

The crypto market, along with Bitcoin, altcoins, as well as meme coins, has noted a strong rally today, amid a flurry of positive market developments. Amid this top crypto market experts shared bullish forecasts for the leading player in the meme coin space, Dogecoin price. Besides, Donald Trump’s victory has also sparked speculations over Elon Musk’s move with his Department Of Government Efficiency (D.O.G.E) under his presidency.

Top Expert Predicts Dogecoin Price To Hit $4

In a recent analysis shared on the X platform, popular crypto market expert Ali Martinez said that the Dogecoin price is poised to hit $4 in the coming days. Besides, he has also fueled speculations with his bold forecast over further robust rallies in the DOGE price.

Notably, Martinez said that with Elon Musk’s backing to the “now” 47th President of the United States, Donald Trump, DOGE is “primed for a wild ride.” He has shared historical trends to support his prediction, which if repeated, could send the meme coin to $4 or over $23.

Dogecoin price prediction DOGE ATH
Source: Ali Martinez, X

This bold forecast by the top expert has sparked optimism among market participants over a strong run for one of the top meme coins. Echoing the sentiment, another crypto market expert and veteran trader Peter Brandt said that DOGE is poised to hit a new ATH.

Meanwhile, Brandt, while sharing the bold forecast, also mentioned Elon Musk in his post and said “In Musk We Trust.” It’s worth noting that Elon Musk has been an active fan of Dogecoin and previously, he has mentioned DOGE several times on the social media platforms, sparking its price rally.

DOGE Price prediction Peter BrandtDOGE Price prediction Peter Brandt
Source: Peter Brandt, X

Will Elon Musk’s D.O.G.E Target US Fed

The discussions over Elon Musk’s Department of Government Efficiency or D.O.G.E started with Donald Trump previously offering a cabinet seat to Musk if elected. However, later, Trump said that he did not want to be a part of the Cabinet, but wanted to run D.O.G.E, which would focus on Federal cost-cutting.

This move has sparked discussions among market participants, with Elon Musk also sharing a flurry of memes on it. Besides, the short form of the department has caught the eyes of the crypto market enthusiasts, especially the DOGE community, while triggering the Dogecoin price rally.

Meanwhile, recently, Musk also said that he would like ex-Congressman Ron Paul and his expertise beside him in the Department of Government Efficiency, which has fueled market speculations. Paul also agreed to the proposal, which many deem as a move against the US Federal Reserve and its Chair Jerome Powell.

Ron Paul has been an active critic of the US Fed. He has actively voiced against any decision of the US central bank and its spending plans. This also resonates with the billionaire Tesla CEO, who has previously slammed the Fed for delaying interest rate cuts in August this year, a Reuters report showed.

Besides, the recent political focus of Musk has also sparked optimism among market participants. Having said that, it is expected that the billionaire’s D.O.G.E initiative is likely to send the Dogecoin price to its ATH in the coming days.

Notably, DOGE price today advanced 17% and exchanged hands at $0.1991, with its trading volume rocketing 266% to $11.77 billion. The meme coin has touched a 24-hour high of $0.2133, while Dogecoin Futures Open Interest rose 23%, indicating strong market confidence.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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6 11, 2024

XAG/USD nosedives to near $31.00 on Trump’s victory, Fed policy in focus

By |2024-11-06T16:58:17+02:00November 6, 2024|Forex News, News|0 Comments


  • Silver price plunges below $31.00 as Trump’s victory dampens its safe-haven appeal.
  • Higher US Treasury yields and the US Dollar have weighed on the Silver price.
  • Investors will focus on the Fed’s commentary to get cues about the impact of Trump’s victory on the interest rate path.

Silver price (XAG/USD) faces a bloodbath on a landslide victory of Republican candidate Donald Trump, is down almost 5% and falls below $31.00 in Wednesday’s North American session. The white metal weakens as investors expect that Trump would effort for a truce between Russia and Ukraine. A ceasefire of more than two Russia-Ukraine wars will improve global market sentiment.

Bloodshed between Russia and Ukraine was one of the reasons behind Silver’s rally, from a low of $18.00 to a more than decade high of around $35.00 in the past two years. Historically, the scenario of geopolitical tensions bodes well for precious metals, such as Silver, as it improves its safe-haven appeal.

Meanwhile, a sheer strength in the US Dollar (USD) and bond yields has also weighed on the Silver. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, posts a fresh four-month high of 105.30. 10-year US Treasury yields soar to near 4.45%. Higher yields on interest-bearing assets increase the opportunity cost of holding an investment in non-yielding assets, such as Silver.

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Euro.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   1.96% 1.26% 1.82% 0.78% 1.25% 0.93% 1.45%
EUR -1.96%   -0.67% -0.13% -1.15% -0.69% -1.02% -0.50%
GBP -1.26% 0.67%   0.54% -0.47% -0.02% -0.35% 0.18%
JPY -1.82% 0.13% -0.54%   -1.01% -0.56% -0.90% -0.36%
CAD -0.78% 1.15% 0.47% 1.01%   0.46% 0.13% 0.65%
AUD -1.25% 0.69% 0.02% 0.56% -0.46%   -0.33% 0.20%
NZD -0.93% 1.02% 0.35% 0.90% -0.13% 0.33%   0.53%
CHF -1.45% 0.50% -0.18% 0.36% -0.65% -0.20% -0.53%  

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 US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Going forward, investors will focus on the Federal Reserve’s (Fed) interest rate decision, which will be announced on Thursday. The Fed is widely anticipated to cut interest rates by 25 basis points (bps) to 4.50%-4.75%, according to the CME FedWatch tool. Investors will focus on the Fed’s comments on the impact of Trump’s victory on the inflation outlook and the interest rate guidance.

Trump vowed to lower corporate taxes and hike import tariffs by 10% universally, except China which is expected to face tariffs even higher.

Silver technical analysis

Silver price extends its downside below $31.00 after sliding below the horizontal support plotted from the May 21 high of $32.50. The near-term trend of the Silver price has turned bearish as it has dropped below the 50-day Exponential Moving Average (EMA), which trades around $31.60.

The asset could find support near the upward-sloping trendline around $29.00, plotted from the February 28 low of $22.30.

The 14-day Relative Strength Index (RSI) dives to near 40.00. Should RSI (14) fall below 40.00, a bearish momentum will be triggered.

Silver daily chart

 



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