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31 10, 2024

XAU/USD slowly but steadily approaching $2,800

By |2024-10-31T02:23:23+03:00October 31, 2024|Forex News, News|0 Comments


XAU/USD Current price: $2,786.10

  • United States data confirmed the country’s economic resilience.
  • Focus on the US presidential election and the Federal Reserve’s decision next week.
  • XAU/USD retains its bullish strength despite overbought, $2,800 at sight.

Gold traded as high as $2,789.72 a troy ounce on Wednesday, a fresh record high. XAU/USD retreated after Wall Street’s opening but met buyers at around $2,770 and approaches the aforementioned high en route to unexplored territory.  

The US Dollar (USD) reacted positively to the first batch of United States (US) data, surging after an upbeat ADP report on private job creation showed the sector added 233K new positions in October, much better than the 115K expected. The Greenback retained its strength following the release of the Q3 Gross Domestic Product (GDP) preliminary estimate, showing that the economy grew at an annualized pace of 2.8%, below the 3% expected and the previous, yet still far from concerning.

Finally, the US reported an uptick in inflation in the three months to June, as the core Personal Consumption Expenditures (PCE) Price Index rose by 2.2%, easing from the previous 2.8% but above the 2.1% expected.

Employment, growth, and inflation all fell within a tolerable range, resulting in little relevance to the upcoming Federal Reserve’s (Fed) monetary policy decision next week. In the end, market players welcomed the figures. As a result, the USD came under selling pressure while Wall Street trimmed pre-opening losses, and the three major indexes turned positive.

Meanwhile, uncertainty surrounding the outcome of the US presidential election keeps boosting demand for Gold and buyers take their chances on intraday deeps. Demand for Gold will likely continue outpacing that of the USD in risk-averse scenarios, while also gaining when the latter weakens.

The US will release the September PCE Price Index on Thursday, although it may have a limited impact given the quarterly figures just released within the GDP report. On Friday, the country will publish the October Nonfarm Payrolls (NFP) report.

XAU/USD short-term technical outlook  

Technically, the daily chart for the XAU/USD pair is bullish despite being overbought. The pair keeps trading above all its moving averages, with the 20 Simple Moving Average (SMA) currently at around $2,691.70. The 100 and 200 SMAs accelerated higher far below the shorter one, reflecting persistent buying interest. Finally, technical indicators entered overbought readings, partially losing their upward strength but far from showing upward exhaustion. Higher highs are still on the docket before a relevant downward correction occurs.

The 4-hour chart indicates a persistently strong upward momentum. Technical indicators resumed their advances in the overbought territory after a modest corrective decline, confirming buyers continue to take their chances on dips. At the same time, the 20 SMA accelerated north far below the current level while above the 100 and 200 SMAs. A bullish continuation beyond $2,800 is on the docket before the US election.

Support levels: 2,770.90 2,757.30 2,742.50

Resistance levels: 2,790.00 2,810.00 2,825.00



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31 10, 2024

FDA official cites complexity of marketplace after 30 years of DSHEA

By |2024-10-31T00:58:22+03:00October 31, 2024|Dietary Supplements News, News|0 Comments


MANDALAY BAY, LAS VEGAS—Representatives of trade associations, the U.S. Food and Drug Administration and a former U.S. senator assembled Tuesday, Oct. 29, at SupplySide West to mark the 30th anniversary of the Dietary Supplement Health and Education Act of 1994 (DSHEA).

Experts in the dietary supplement industry reflected on DSHEA and also laid out their respective wish lists for the next few years.

The session — “After 30 years of DSHEA, the question is: What now?” —started with a deep dive into the story of DSHEA’s founding, through a documentary film produced by the American Herbal Products Association (AHPA), and a speech from former U.S. Sen. Tom Harkin (D-Iowa). Harkin is among a select group of lawmakers credited for getting DSHEA passed into law in 1994.

Following remarks from the former U.S. senator, FDA’s Cara Welch, Ph.D., shared insights into how the agency is dealing with the explosion of the global supplement trade, and she announced a forthcoming plan to help improve inspections and provide pre-market visibility. Welch oversees the Office of Dietary Supplement Programs (ODSP).

‘It’s a more complex marketplace’

Like others who spoke during the education and networking event, Welch was adamant that the dietary supplement market in 2024 is night and day from what it was in 1994 — both in scale and complexity.

“Regardless of what the exact numbers are, there’s massive growth in this industry,” the FDA official said. “This absolutely comes through in the growth of this marketplace, in the sales of the marketplace, the number of products, the breadth of the products. But it’s also a more complex marketplace. It’s a global supply chain with the internet as a retail and distribution channel. And the products look quite different. They’re more diverse, they are precisely formulated, and they’re often with novel ingredients or complex mixtures.”

In the face of this onslaught, Welch said one of the major goals of DSHEA — maintaining consumers’ freedom to support their personal health through natural products — has been realized.

“Absolutely, we are ensuring consumer access to products,” she said. “But do we know that FDA has what we need to adequately protect consumers?”

‘We’re not really able to connect the dots’

After walking the audience through FDA’s current regulatory capabilities under DSHEA, Welch pointed out some of the agency’s limitations and pain points. The biggest one: the onslaught of products that enter the marketplace with little FDA involvement or awareness.

“We’re relying on post-market surveillance,” Welch observed. “There is virtually no barrier to entering the marketplace. I know that there’s a lot of regulatory responsibilities that firms are keeping track of. There’s a lot that goes into putting a product on the market. But when I say this virtually no barrier, I’m really talking about virtually no communication with FDA.”

She explained this creates a situation in which the agency simply can’t obtain an adequate, accurate picture of what is on the marketplace at any given time. For several years, FDA has advocated for legislation to require that dietary supplement products are listed with the agency.

“We have a lot of dots of information out there, but how do we make sure those dots are connected? How do we make sure we have the full picture of what a product is?” Welch asked. “Have the ingredients been properly notified [to FDA]? Are they pre-DSHEA ingredients? Are they safe? Who manufactures the product? Where are they being manufactured? Have we inspected the facility? A lot of these pieces of information are scattered about, and the way the system is set up, we’re not really able to connect those dots.”

‘More agile, with more training opportunities’

So how is FDA planning to gain more pre-market visibility? Welch mentioned FDA’s proposal for mandatory product listing, which she laid out in an article she authored for SupplySide Supplement Journal (then known as Natural Products Insider) in 2023.

But she spent more time discussing the impending launch of an FDA training program that would allow for public-private partnerships between FDA, local authorities and the supplement industry itself.

“It’s an opportunity for FDA training program educational systems to be integrated with private training systems that are already out there,” Welch explained. “Our audit programs within the supplement industry could play a part in education for federal investigators, state investigators, state and local investigators. But also, FDA’s training systems could tie in with the training auditors, dietary supplement companies, really, anyone who’s involved in supplements.”

Welch said she was hopeful that a recent reorganization at FDA should allow the agency to “staff up and educate and train up our inspectors.” But a public-private partnership would put more eyeballs at every stage of production, allowing the agency to do more with limited resources.

“What we really want to do is train everyone,” she said. “This will allow faster training of investigators because we’ll be more agile with more training opportunities. But also all of our stakeholders will be able to get the exact same training competency that our internal investigators get. This is something that we can do to benefit the industry, and it’s something that I’m really looking forward to.”

After 30 years of DSHEA, Welch said the agency remains ready and willing to face the new challenges of a 21st-century supplement market.

“There’s a lot we can do,” the FDA official said, “and a lot we will continue to do.”





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31 10, 2024

EUR/USD Analysis Today – 30/10: Bearish Lean (Chart)

By |2024-10-31T00:29:29+03:00October 31, 2024|Forex News, News|0 Comments

  • Since the start of this week, the EUR/USD exchange rate has been trading in a neutral range with a slight bearish tendency, stabilizing around and below the support level at 1.0800.
  • This pattern may continue until there is a reaction to the upcoming U.S.
  • employment numbers and the Federal Reserve’s preferred inflation reading. The U.S. dollar remains the strongest among major currencies, supported by safe-haven demand and tempered expectations of further interest rate cuts.

On the European side, Germany’s economy, which is the heart of Europe, is showing troubling signs of slowdown. Once renowned for its resilience, Germany’s economy is now the slowest growing among the G7 and Eurozone countries. The recent IMF forecasts project a contraction of 0.2% in 2024 and only a 0.8% growth rate in 2025 — a far cry from the robust expansion once associated with Europe’s industrial leader.

The budget gap exceeding 40 billion euros, combined with an expected tax revenue shortfall of 60 billion euros over the next five years, paints a picture of an economy in stagnation. With both small and large German companies tightening their belts, some are questioning if Germany is on the brink of a “lost decade.”

The Costs of Germany’s Dependence on Exports

For decades, Germany’s success relied on its ability to export high-quality goods worldwide, especially to markets like China. Exports account for nearly half of Germany’s GDP, significantly higher than other major economies, making it vulnerable when demand falls. Today, German exports to China are struggling, particularly in the automotive and machinery sectors. Companies like Diegoma, a producer of industrial machinery, face order delays due to economic uncertainty and fluctuating demand. This export slowdown has highlighted the risks of an economy heavily dependent on external markets. With China increasingly shifting to local suppliers and global trade slowing, Germany’s heavy reliance on exports could pose long-term growth challenges. The German government has already lowered its tax revenue projections, signalling the widespread impact of these economic pressures.

Political Divisions Hinder Economic Action

Germany’s economic challenges are compounded by political gridlock, as Chancellor Olaf Scholz’s coalition government struggles to agree on key policies. This coalition, an unusual alliance of Social Democrats, Greens, and Liberals, often clashes on issues such as climate regulations, industrial policy, and economic reform, leaving business leaders frustrated by delays and indecision. This discord has had a tangible impact on the economy.

A recent survey found that nearly 37% of German companies are now considering cutting production or moving operations abroad, up from 31% a year earlier. The Greens’ strong stance on climate policy has created tensions within the coalition, drawing criticism from businesses and local leaders alike. This political impasse, along with aging infrastructure, is increasingly seen as an obstacle to the structural reforms Germany needs to stay competitive.

Germany’s auto industry on the brink

As one of the country’s biggest contributors to GDP, Germany’s auto sector is struggling with rising costs, falling demand for electric vehicles, and fierce competition from Chinese manufacturers offering more affordable electric cars. Volkswagen recently announced the closure of its first German plant, a historic move that reflects the broader slowdown in the auto industry. Companies such as BMW and Mercedes-Benz have cut their profit forecasts, citing weak demand, particularly in China — a market that once accounted for a large share of their sales.

The ripple effects are being felt across the industry, affecting many of the suppliers and small businesses that support Germany’s automakers. Overall, the shift has left some automakers scrambling to adapt. Volkswagen, for example, has committed to cost-cutting measures, including layoffs and potential production cuts, to stay competitive. But with job losses mounting and supply chains weakening, the industrial slowdown is starting to show in Germany’s employment statistics.

Can Germany regain its economic resilience?

The outlook for Germany has become a focal point for mixed views, with recent reports offering both optimism and caution. A recent Bloomberg report suggests that Germany’s economic slowdown “may be over,” with business confidence improving slightly. The Ifo Expectations Index, which rose in October, points to a possible stabilization with sectors such as tourism and information technology showing growth.

For the services sector, which has seen gains amid manufacturing struggles, the latest data offers a glimmer of hope. However, most economists remain unconvinced, arguing that such optimism may be premature. Germany’s industrial base remains in a precarious position. Despite some positive readings, broader economic data is revealing issues

Palladium has been the best-performing asset class among all precious metals last week. The price rise was driven by the US call for G7 countries to impose sanctions on Russian palladium supplies. Russia supplies about 40% of the world’s palladium. Earlier this month, the price of palladium broke above its 50-day moving average and then its 200-day moving average within days of each other. In October, approaching these levels provided support for buyers, and given palladium’s lower liquidity compared to gold and even silver, strong price movements cannot be ruled out. From current levels near $1,170, the next and easy target for the upside is $1,200, which was the peak at the end of last year. The 200-day moving average is at $1,700 per ounce and breaking that could push prices to higher levels. This could also mean a repeat of the explosive rise from late 2018 to March 2020.

At the time of writing, palladium futures on the New York Mercantile Exchange were around $1,200 per ounce, up 9% since the beginning of last week. Deep-rooted deficits continue to hamper growth. With a projected five-year tax revenue shortfall of €60 billion and a budget gap of over €40 billion, Germany’s fiscal outlook points to economic stagnation rather than recovery.

EUR/USD Technical analysis and forecast:

The general trend for the EUR/USD currency pair price remains bearish and stability around and below the 1.0800 support level will continue to encourage bears to control the trend and the continuation of the US dollar’s ​​gains from stronger US jobs numbers this week, along with the demand for buying it as a safe haven, which encourages bears to move the currency pair towards stronger bearish levels.

 

 

the closest of which are currently 1.0755 and 1.0600, which are sufficient to push all technical indicators towards strong oversold levels. On the other hand, according to the performance on the daily chart, breaching the downtrend requires moving above the psychological resistance of 1.1000 at least.

Ready to trade our daily EUR/USD Forex analysis? We’ve made a list of the best forex trading platforms for beginners worth trading with. 

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31 10, 2024

Natural Gas Price Forecast: Tests Resistance at Top of Symmetrical Triangle Pattern

By |2024-10-31T00:22:05+03:00October 31, 2024|Forex News, News|0 Comments


Potential for a Breakout

A decisive advance above the top line that is followed by a continuation higher indicates an initial breakout of the triangle consolidation pattern. However, subsequent price behavior is key to guard against a false breakout. Since the most recent swing high was at 3.02, it should also be considered since it is relatively nearby.

A rally above that high would further confirm strength as a prior swing will have been reclaimed. However, a daily close above it is needed to complete that breakout. That swing is part of the price structure of lower swing highs that occurred since the 3.64 peak in 2003. The top boundary line defining resistance of the symmetrical triangle formation touches those highs.

Pullback Possible

Since resistance has been seen so far, a bearish retracement may be next on the agenda. Weakness is indicated on drop below today’s low of 2.77. Also, a decline below yesterday’s low of 2.79 can be seen as a gauge. The 38.2% Fibonacci retracement is at 2.65 and it may be the first price zone to see signs of support. Lower down is possibly a more significant support zone from 2.58 to 2.56 as it marks the confluence of several levels. A prior high resistance and now possibly support was at 2.58 and it is joined by the 50% retracement at 2.57 and the 20-Day MA at 2.56.

Lower Support Levels

Price behavior around the 20-Day line will likely provide the most value as it helps identify support of the near-term trend. It has been trending down since a little before the last swing low. However, the 50-Day MA has been trending up since mid-September and is now at 2.44. If natural gas breaks below the 20-Day MA and continues lower the 50-Day line becomes a potential target. Moreover, the 61.8% Fibonacci retracement can be watched as well at 2.48.

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



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30 10, 2024

Vitamin D Overdose Symptoms You Shouldn’t Ignore

By |2024-10-30T22:57:41+03:00October 30, 2024|Dietary Supplements News, News|0 Comments


Taking too much vitamin D in supplement form can lead to vitamin D toxicity, a rare but potentially dangerous condition. This vitamin D overdose shows up as higher calcium levels in the blood or hypercalcemia. Symptoms may include digestion problems, increased urination, fatigue, confusion, bone pain, and high blood pressure.

Vitamin D toxicity is more common in people with certain medical conditions, such as granulomatous disorders, spina bifida, lymphomas, and dysregulated vitamin D metabolism.

In the United States, the Food and Drug Administration (FDA) does not regulate supplements the way it regulates prescription drugs. That means some supplement products may not contain what the label says. When choosing a supplement, look for third-party tested products and consult a healthcare provider, registered dietitian nutritionist (RD or RDN), or pharmacist.

Most Common Symptoms of Too Much Vitamin D 

Excessive effects of vitamin D can lead to higher calcium levels in the blood—a condition called hypercalcemia. It is often diagnosed at an early stage during routine blood work.

Most people with hypercalcemia will not have symptoms. However, symptoms can occur in people who have taken high doses of vitamin D for a long time or in someone who has taken an extremely high dose over a short time.

Symptoms caused by high calcium levels can vary, depending on the cause and how long levels have been elevated. Symptoms may include:

  • Digestive troubles—nausea, vomiting, poor appetite, and constipation 
  • Increased thirst
  • Increased urination 
  • Muscle weakness or twitches 
  • Fatigue or feeling extremely tired 
  • Confusion
  • Bone pain 
  • Bone loss or fragile bones that might be prone to breakage
  • High blood pressure

Higher doses may cause more severe side effects, mainly a weekly 20,000 to 50,000 international unit (IU) dosing, the highest prescribed dose. However, long-term supplementation of vitamin D3 in doses ranging from 5,000 to 50,000 IU appears safe when taken correctly. 

Higher doses are typically prescribed to people whose bodies do not adequately process vitamin D due to some health conditions. Such conditions include asthma, psoriasis, rheumatoid arthritis, rickets, and tuberculosis. The higher dose is often prescribed to correct or prevent deficiency. 

Use High Dosages Only Under Medical Supervision

Many people do not have side effects from the 50,000 IU dose, but this high dose should only be taken under a healthcare provider’s supervision. Never take high doses of vitamins or supplements without a healthcare provider’s approval.

Rare Symptoms From Vitamin D Supplements

The daily recommended dose for children ages 1 to 18 and adults is 600 IU. The numbers are less for babies and higher for adults over age 70. Healthcare providers might prescribe higher or lower doses based on specific health concerns. 

Supplementing with vitamin D can lead to side effects. It can also lead to longer-term but rare problems. Such rare effects include:

  • Abnormal heart rhythms: High calcium levels in the blood can interrupt electrical heart activity and contractions, leading to changes in heart rate patterns.
  • Kidney troubles: This includes kidney stones, kidney damage, and kidney failure.
  • Calcification (hardening): High blood calcium levels can lead to calcium deposits in the kidneys, heart, arteries, and other tissues.

If you take high doses of vitamin D and experience symptoms of hypercalcemia, let your healthcare provider know. They can request blood work to check your vitamin D, calcium, and phosphorus levels. A phosphorus test helps determine if you have kidney damage.

Healthcare providers consider vitamin D levels low if a person has 20 nanograms (ng) of vitamin D per milliliter (mL) of blood or lower. If levels rise above 50 ng/mL, you might experience adverse effects.

Risks of Vitamin D Deficiency

Some people are at a higher risk for vitamin D deficiency (insufficient vitamin D). They include:

  • Those who cannot get outdoors (because they are frail or homebound)
  • People living in care facilities (such as a skilled nursing facility) or correctional facilities
  • Those who wear clothing that covers their skin when they are outdoors
  • People with dark skin tones
  • People whose bodies do not adequately process vitamin D due to a health condition, such as chronic kidney disease or liver disease

Researchers suspect people with dark skin tones get less vitamin D because the higher level of melanin in darker skin limits the rate of skin synthesis. This is when the top layer of your skin (epidermis) activates (synthesizes) vitamin D when exposed to the sun’s ultraviolet (UV) radiation.

People in the above-listed groups can benefit from vitamin D supplementation throughout the year and not just in the winter months, when there is less sun exposure.

Vitamin D Overdose and Medical Conditions

Vitamin D toxicity is rare, even in people who take supplements. For symptoms of toxicity to present, you would need to take significant doses over a long period. Even so, research suggests that with the increasing use of vitamin D treatments, incidents of toxicity have become more frequent.

Many of the causes of vitamin D toxicity are inappropriate prescribing, not taking vitamin D as prescribed, and the use of high-dose and unlicensed preparations. Many cases are preventable with appropriate use, proper formulation, and avoidance of unlicensed products. 

Vitamin D toxicity is more common in people who have certain medical conditions. This includes people with:

In people with dysregulated vitamin D metabolism, vitamin D intake raises the concentration of vitamin D in the body, leading to toxicity.

Complications 

Altered Mental State

Hypercalcemia related to vitamin D toxicity might alter a person’s mental state. Symptoms of an induced mental state related to vitamin D-induced hypercalcemia include confusion, depression, and psychosis. In rare cases, a coma might occur.

One study examined the case of a 64-year-old man who accidentally took 200,000 IU of vitamin D because he did not understand the medication instructions. He showed an altered mental state and other severe hypercalcemia symptoms.

The man was agitated and confused for the first 10 days of his hospital stay, but symptoms started to improve as his calcium levels dropped. It took 18 days for his calcium levels to get back to normal.

Kidney Problems

Vitamin D toxicity can lead to a kidney injury or kidney failure. Too much vitamin D causes high calcium levels, leading to water loss from too much urination and kidney calcification.

Hypercalcemia can also lead to blood vessel constriction and decreased kidney function. It might cause severe complications in people who have existing kidney disease, such as anemia (reduced blood cells), bone weakness, and severe swelling from fluid retention. 

Vitamin D Flush: Hype or Helpful?

The term “vitamin D flush” refers to removing excess vitamin D from the body. While there is no quick way to do this, the first step is to stop taking vitamin D and calcium supplements.

The management of vitamin D toxicity has three stages. The first of these is stabilization and supportive therapies, which might include intubation, intravenous fluids, and intensive care for people with extremely high vitamin D and calcium levels.

Additional measures include correcting hypercalcemia using loop diuretics, bisphosphonates, glucocorticoids, or calcitonin (bone hormone drug), and renal replacement therapies if the kidneys have been affected. 

When to See a Healthcare Provider 

If you are taking vitamin D supplements or a prescribed higher dose and start to experience signs of hypercalcemia, let your healthcare provider know. They will request blood work to check vitamin D and calcium levels. Depending on those results, they may reduce your vitamin D dosing or have you stop taking supplements altogether.

Taking vitamin D in high-dose supplements is never a good idea without checking with a healthcare provider. Discuss supplementation with a healthcare provider to ensure you are taking appropriate doses.

Summary  

While it is rare, vitamin D toxicity can occur, manifesting as hypercalcemia. Common signs of hypercalcemia include digestive problems, fatigue, appetite loss, frequent urination, high blood pressure, and heart abnormalities. Complications of hypercalcemia include an altered mental state and kidney problems. 

Vitamin D toxicity is more common in people who have medical conditions where it is necessary to prescribe higher supplement doses. To reduce your risk, avoid high doses and do not start taking supplements without approval from a healthcare provider.

If you are on a higher dose prescribed by a healthcare provider, you should report side effects and get your blood work tested regularly. 



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30 10, 2024

GBP/USD Analysis Today – 30/10: Steady Amid UK Dip (Chart)

By |2024-10-30T22:28:10+03:00October 30, 2024|Forex News, News|0 Comments

  • At the time of writing, the GBP/USD pair was trading at $1.3010, almost unchanged from Monday’s opening levels.
  • According to the trades, the British pound (GBP) struggled to attract investors at the start of trading in the week after the release of some disappointing domestic data.
  • According to the results of the economic calendar, the latest UK distribution trading survey came in below market expectations, with the index falling from 4 to -6 this month, contrary to expectations of a rise to 10.
  • Also, this has weighed on the pound’s exchange rate in the wake of the release as investors hesitated to support the pound.

Furthermore, as for the US dollar (USD) it was subdued ahead of the high-impact data. The US dollar (USD) remained steady against most of its major counterparts as the data-free US calendar saw the “dollar” struggle to find a clear path. However, USD investors are also likely to be reluctant to place any overly aggressive bets on the greenback ahead of several key data releases due this week.

With a slew of economic data expected later in the week, the USD has remained mostly subdued. Looking ahead, the primary catalyst for GBP/USD movement is likely to be the release of the latest US JOLT job openings. Although the data is expected to show a slight decline in job creation last month, the index is expected to remain close to the strong levels seen in August, which could support the USD further. The latest CB Consumer Confidence Index could also provide some additional support to the USD if the index comes in as expected and confirms another uptick in US sentiment.

Turning to the GBP, there will be no UK data on Tuesday, which could leave the pound lower ahead of Wednesday’s Autumn Budget.

According to stock trading platforms, UK stocks rise on strong earnings. The FTSE 100 index of UK shares rose above the flat line at 8,295, extending gains from the previous session as markets assessed the results of London-traded giants. HSBC rose 2.5% to lead the day’s leaders after beating third-quarter earnings estimates amid a group restructuring, as well as announcing a $3 billion share buyback. Also, the results from the UK’s largest bank highlighted the benefit of increased monetary stimulus in China, sending Standard Chartered and Prudential up more than 1% due to their large exposure to Asia. In addition, Pearson shares jumped about 2% on stronger sales in the period. BP shares fell after reporting mixed results for the quarter, in line with other major energy companies around the world as falling energy demand has squeezed refining margins.

According to Forex trading, the dollar hovers near three-month highs. The US Dollar Index (DXY) was little changed around 104.3 on Tuesday, hovering near a three-month high, as traders continue to bet that the Federal Reserve will cut US interest rates but not as aggressively as initially expected, while key economic data is digested. The shock report showed that the number of job openings was the smallest since January 2021 and layoffs rose, while consumer confidence in the Fed rose by the most since March 2021. Advance GDP growth estimates, personal consumption expenditures and employment reports are also due this week.

Overall, the odds of a 25 basis point Fed funds rate cut next week are currently around 95%. Meanwhile, bets on a Donald Trump victory were also weighing on the dollar as his policies on tariffs, taxes and immigration are seen as inflationary. Overall, the US dollar was mostly higher against the Australian dollar and the euro.

Technical forecasts for the GPB/USD pair today:

According to the performance on the daily chart, the stability of the GBP/USD pair price around and below the psychological level of 1.30 is still a catalyst for bears to control. Technically, the downtrend will strengthen by moving towards the support levels of 1.2920, 1.2880 and 1.2790.

 

At these levels, all technical indicators will move towards strong oversold levels. On the other hand, and in the same time frame, moving above the resistance of 1.3150 will represent a breach of the current downtrend. Strongly, the pound will be affected today by the announcement of the details of the British budget and the US dollar awaits the announcement of the US jobs numbers and the US inflation reading.

Ready to trade our daily GBP/USD Forex forecast? Here’s a list of some of the top forex brokers UK to check out. 

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30 10, 2024

How to Pick the Best Collagen Supplement for Your Skin & Health

By |2024-10-30T20:56:49+03:00October 30, 2024|Dietary Supplements News, News|0 Comments


Collagen supplements are marketed as a solution to reduce signs of aging and to boost hair, skin, nail, and joint health. While some research supports these claims, the evidence is still limited and often comes from studies funded by the supplement industry.

Consuming between 2.5 grams to 10 grams of collagen per day is considered safe, according to multiple studies. However, given the vast array of collagen products, it can be challenging to determine which ones are effective.

Collagen is an important protein naturally found in connective tissues, bones, muscles, and cartilage. Factors such as aging, diet, smoking, lack of sleep, and sun exposure can reduce collagen production, causing the skin to wrinkle.

Teo Soleymani, MD, FAAD, FACMS, a double-board certified dermatologic surgeon and assistant clinical professor at David Geffen School of Medicine at UCLA, told Verywell that collagen supplements have a “net benefit in improving skin, hair, and nail health.”

“I don’t think massive quantities are needed because most of us end up eating a relatively balanced diet,” said Soleymani.

What to Look for in a Collagen Supplement

There are almost 30 types of collagen, but types I-V are the most common. Supplement labels sometimes highlight types I and III for skin and muscle health or type II for joint health.

Ginger Hultin, MS, RDN, an integrative registered dietitian nutritionist who hosts “The Good Clean Nutrition Podcast,” told Verywell in an email it’s best to look for a supplement that contains multiple types of collagen.

Collagen supplements mainly come from animal sources, such as chicken, porcine (pig), bovine (cow), and marine (seafood) sources. Food allergies or dietary restrictions related to kosher, halal, vegan, or vegetarian dietary patterns might dictate which supplement is best for you.

Reports have raised concerns about deforestation and violence against Indigenous people related to bovine collagen production. Alternative options, such as plant-based and vegan collagen products, are available. However, these products don’t contain actual collagen but rather precursors like vitamin C that help the body produce its own collagen, Hultin explained.

“Be a label sleuth to determine exactly what’s in your collagen—is it true collagen, is it collagen precursors, and are they adding anything in the supplement?” Hultin said.

Some supplements are marketed as “hydrolyzed collagen” or “collagen peptides,” which are smaller fragments of collagen protein. According to Soleymani, hydrolyzed collagen is often more expensive, but it may be easier for the body to absorb. For people who experience gas or bloating from collagen supplements, hydrolyzed collagen might be a beneficial alternative.

How Can You Verify the Ingredients in a Collagen Supplement?

Many people take collagen supplements without experiencing any negative side effects. However, there are concerns about the presence of heavy metals in some collagen supplements.

Unlike drugs, dietary supplements are not pre-approved by the Food and Drug Administration (FDA) for safety or efficacy before they enter the market.

To make sure the supplements actually contain what’s listed on the label, you can look for products with third-party verification from organizations like USP, ConsumerLabs, or NSF.

However, most collagen supplements lack third-party verification and transparency about ingredients found in the products, Rajani Katta MD, a board-certified dermatologist and a clinical faculty member at the Baylor College of Medicine

“If you’re getting your collagen from seafood sources, how do you know that that seafood is not high in heavy metals like mercury? That lack of transparency is major,” Katta told Verywell.

Which Form of Collagen Should You Try?

Collagen supplements come in various forms, including powders, gummies, liquids, and capsules. However, it’s unclear which form is the most effective or how much dosage is needed to see benefits.

“In terms of skin health and joint health, there really isn’t a known amount that you should consume,” Soleymani said. “I don’t think realistically your body can absorb much beyond 20 to 30 grams at a time.”

To get the most out of a collagen supplement, look for products that contain additional skin-supporting ingredients such as elastin, hyaluronic acid, and vitamin C.

“When picking a supplement, you want to look for good manufacturing practices with those labels,” Soleymani said. “And then you want to look for one that has a multi-targeted approach, so other ingredients in there that will really optimize skin health, not just collagen.”

What This Means For You

Collagen supplements are touted for benefits to skin, hair, nail, and joint health, but evidence remains mixed. While some studies support the efficacy of collagen supplements, broader scientific consensus and independent research are limited.

By Stephanie Brown

Brown is a nutrition writer who received her Didactic Program in Dietetics certification from the University of Tennessee at Knoxville. Previously, she worked as a nutrition educator and culinary instructor in New York City.



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30 10, 2024

USD/JPY Analysis Today – 30/10: Yen Weakens (Chart)

By |2024-10-30T20:26:53+03:00October 30, 2024|Forex News, News|0 Comments

  • The USD/JPY exchange rate rose for the fifth consecutive week ahead of several important economic data releases from the United States and the upcoming interest rate decision from the Bank of Japan.
  • According to the trading, it rose to the resistance level of 153.85, its highest level since July, and is about 10% higher than its low in September.

Upcoming U.S. Economic Data

The USD/JPY pair will interact with several important economic data releases from the United States, which will provide more information about the upcoming actions by the Federal Reserve. The first data will be released on Tuesday when the Conference Bureau publishes its latest consumer confidence report. Analysts expect the data to show confidence rising to 99 in October as inflation declines and the Labor market improves. US consumer confidence is one of the most important economic figures because of its implications for the economy. Highly confident consumers spend more money, which boosts the economy, which is notable because consumer spending is the largest part of the US GDP.

Other important data will be released on Wednesday when ADP releases its October payrolls data. Analysts expect the figure to come in at 101,000, a significant drop from the 143,000 jobs it posted last year. After that, the US will release its first estimate of third-quarter gross domestic product. Economists expect the figure to show the economy expanded by 3% last quarter, meaning it is doing relatively well.

The most important data will be the US nonfarm payrolls data for October, due on Friday. Economists polled by Reuters expect the data to show the US economy added 111,000 jobs this month, a significant drop from the 254,000 jobs it added in September. The country’s unemployment rate is expected to come in at 4.1%, while average hourly earnings are expected to rise by 4.0%. The figures will be important because of their impact on the Federal Reserve, which is considering what to do at its Nov. 7 meeting. Analysts expect the bank to leave interest rates unchanged or cut them by 25 basis points.

Crude Oil Price Decline

The USD/JPY pair also rose as crude oil prices dropped by over 4.5% on Monday. Brent, the global benchmark, fell by 4.35%, while West Texas Intermediate (WTI) declined by 4.36%. The decline followed Israel’s response, which focused on Iran’s missile manufacturing facilities and avoided major attacks on its oil infrastructure and nuclear sites. Iran, in turn, signalled that it would not respond aggressively due to its already struggling economy. Analysts believe that with these tensions easing, oil supplies are unlikely to face significant disruptions.

Upcoming U.S. Election

Another major event for USD/JPY is the upcoming U.S. election next week. Recent polling data shows Donald Trump holding an advantage over Kamala Harris. For instance, his lead on Polymarket has expanded in recent months. A Trump victory is expected to be favourable for the U.S. dollar due to his focus on tariffs. Higher tariffs could lead to heightened geopolitical tensions and rising inflation in the U.S.

Bank of Japan Interest Rate Decision

According to the economic calendar, the other big news for USD/JPY currency pair will be the Bank of Japan’s interest rate decision on Thursday. Furthermore, analysts expect the bank to leave rates unchanged at 0.25%. The bank’s governor, Kazuo Ueda, also hinted at this during a meeting in Washington last week. The BoJ will then deliver its economic outlook report and a press conference where it will offer hints on what to expect later this year. The latest data showed that core inflation in Tokyo moved below the BoJ’s 2.0% target. As such, there are signs that the unwinding of the yen trade will not continue.

USD/JPY Technical analysis and Expectations Today:

The daily chart shows that the USD/JPY exchange rate has been doing well in the past few months. It has risen from a low of 140 in September to around 154, its highest level since July 30. The pair has moved above the 50-day and 100-day exponential moving averages (EMA), which are about to witness a bullish crossover.

Oscillators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are all pointing up. Therefore, the path of least resistance will be at 154.52, the low recorded on June 4. A move above this level will indicate further gains.

Ready to trade our daily forex forecast? Here are Japan’s Best Forex Brokers to choose from. 

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30 10, 2024

Dogecoin Price Prediction: DOGE Shows A Major Crash In Performance, As Investors Flee To Cutoshi And Toncoin For Gains

By |2024-10-30T20:25:52+03:00October 30, 2024|Crypto News, News|0 Comments

Dogecoin has been in a long-standing descending channel, sparking concern about whether the leading meme coin by market capitalization could renew its upward potential. While on-chain metrics and surging open interest indicate the potential for gains ahead, investors are flocking to Cutoshi presale and Toncoin.

Cutoshi, in particular, has attracted traders and investors due to its diverse market appeal. It leverages the cultural values of the Chinese Lucky Cat with Satoshi Nakamoto’s ideals to build an ecosystem that is centered around security and privacy.

Cutoshi’s MemeFi Appeal Draws Investor Interest

Cutoshi has quickly succeeded in the broader cryptocurrency market, establishing itself at the intersection of memes and DeFi. It leverages the cultural values of the Chinese Lucky Cat with the power of decentralization to create an ecosystem where decision-making powers and control lie in the hands of its users. The ecosystem will have superior features, including the multichain DEX platform.

This hybrid exchange will allow users to swap their crypto assets across multiple blockchains, saving time and money. It will also introduce a token farming protocol that enables users to earn token rewards when they complete challenges and quests. Cutoshi Learning Academy will bridge the knowledge gap in cryptocurrency and DeFi. By providing educational material, Cutoshi will empower users to navigate their way to financial freedom and create awareness for the platform.

So far, Cutoshi is in stage two of its presale, with CUTO tokens selling for $0.022 after a leap from its initial offering of $0.015. Moreover, the token has raised over $600,000, further attesting to its growing investor interest. With the recent CMC listing, Cutoshi is well-positioned for success in Q4.

Dogecoin Price Analysis: Could DOGE Stretch $1?

After moving in a descending channel for a prolonged period and paring off some of its weekly gains, Dogecoin’s price appears to have broken out of this trendline. The token holds support at $0.1478 and could be gearing up for renewed upward potential. If DOGE’s price holds above this level, it could pave the way for a bullish reversal, enabling the token to gain more.

The next resistance level would be around the $0.17 mark, which could drive the price of DOGE into higher territory. Its technical indicators align with this bullish sentiment. Dogecoin’s MACD signaled a slight positive divergence, with the MACD line breaching the signal line, highlighting a potential upward momentum. Additionally, Dogecoin’s stochastic relative strength index has dropped below 40.

Source: TradingView

This means that the DOGE token is treading into an oversold region. While the price of Dogecoin might face retracement in the near term, these indicators signal an underlying bullish sentiment, which sets the stage for potential gains. Moreover, its on-chain metrics indicate net network growth, adding another layer to its bullish setup.

Toncoin Performance, Setbacks, Or Consolidation

Toncoin’s price has rebounded above the $4.92 mark due to the rising demand for Telegram-based games. This has propelled its market capitalization to topple its rivals Cardano (ADA) and Avalanche (AVAX). This reflects the TON coin’s resilience after days of decline that saw the altcoin pare off some of its gains. Its technical indicators signal this positive sentiment.

Its Bollinger Bands and Detrended Price Oscillator (DPO) reveal that TON’s price is gearing to reclaim the $5 resistance level. Additionally, the Bollinger Bands indicate that the TON token is trading above its 20-day simple moving average of $5.17 and has recently retested the lower band, which was at $4.91, reflecting that the altcoin is in oversold conditions.

Dogecoin Price Prediction: DOGE Shows A Major Crash In Performance, As Investors Flee To Cutoshi And Toncoin For Gains
Source: TradingView

The bands highlight reduced volatility, potentially setting the stage for a trend reversal. Notably, the Detrended Price Oscillator (DPO) stands around the -0.49 mark, reflecting that the TON coin bearish trends are waning. If the DPO continues to trend upward, the bullish momentum will be validated, particularly if the price of TON breaches above the $5 mark.

Which Crypto To Invest In: TON, CUTO Or DOGE

As Dogecoin and Toncoin navigate the volatile market, Cutoshi’s presale continues to steam up. Its diverse market appeal, coupled with its deflationary mechanism, has positioned Cutoshi to deliver long-term gains.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken

https://t.me/cutoshi

 

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. 

The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.



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30 10, 2024

The best teas to take with you on the road

By |2024-10-30T18:55:25+03:00October 30, 2024|Dietary Supplements News, News|0 Comments


In this article, we’ll explore the best teas for travelers.

Traveling can be a rewarding and adventurous experience, whether you’re taking a road trip, hopping on a flight, or even camping in the great outdoors. But no matter where your journey takes you, one thing remains constant: the desire for a comforting cup of tea.
For tea lovers, finding the perfect brew to enjoy while traveling is just as important as packing the right gear. The right tea can provide a calming break, boost energy, or even help you stay hydrated while you’re on the go.

In this article, we’ll explore the best teas for travelers, including a special look at green tea and why it should be a staple in your travel kit. Whether you prefer herbal, caffeinated, or fruity blends, these teas are perfect for your next adventure.

1. Green tea: A travel essential
Green tea is a traveler’s best friend for several reasons. Not only is it a healthy and versatile beverage, but it also provides a gentle caffeine boost that helps maintain energy levels without causing jitters. The antioxidants in green tea, such as catechins, can also support your immune system, which is particularly beneficial when traveling and being exposed to new environments.

Green tea comes in various forms, including loose leaf, tea bags, and even travel-friendly instant green tea powders. This flexibility makes it easy to pack and prepare on the go. For convenience, consider bringing pre-portioned tea bags or matcha powder, which you can easily mix with hot or cold water. Matcha, a powdered form of green tea, is especially handy because it dissolves completely in water and needs no steeping or brewing time.

If you’re looking to enjoy high-quality green tea, check out the selection available at ClubMagicHour.com. Their curated collection of green teas features a variety of flavors and blends. These teas are perfect for travel because they not only taste great but also offer wellness benefits that can help you feel your best on the road.

2. Herbal teas: Relax and unwind anywhere
For those who prefer caffeine-free options, herbal teas are the way to go. Herbal teas are made from a variety of plants, flowers, fruits, and spices, making them an ideal choice for travelers who want to relax and enjoy a flavorful beverage without the buzz. Popular herbal options like chamomile, peppermint, and rooibos are known for their calming properties, making them perfect for winding down at the end of a long day of travel.

Peppermint tea is great for soothing digestion, which can be helpful if you’ve been eating unfamiliar foods while on your trip. Chamomile tea can promote better sleep, making it an ideal choice for overnight travel or jet lag recovery. If you want something a little more exotic, hibiscus tea offers a tart, fruity flavor and is rich in vitamin C, which supports immune health.

Pre-packaged herbal tea bags are easy to pack in your travel bag, but you can also bring loose-leaf blends and a travel infuser.

Additionally, you can enjoy herbal teas both hot and cold, making them versatile for various climates and travel scenarios.

3. Black tea: A bold energy boost
If you’re someone who needs a stronger caffeine kick to get through long travel days, black tea is an excellent choice. With a higher caffeine content than green tea, black tea can provide a bigger energy boost, which is perfect for early morning departures or long road trips. Popular varieties of black tea include Earl Grey and English Breakfast.

To make things easier on the go, consider packing individually wrapped black tea bags that you can brew with hot water from a thermos or a hotel kettle. Black tea also pairs well with milk and sugar, allowing you to customize your cup just like you would at home. Some travelers even bring a small container of powdered milk or single-serving creamers.

For something different, try cold-brewing black tea by steeping it in cold water for several hours. This method results in a smooth, refreshing drink that’s perfect for warm-weather travel.

4. Chai: Spice up your travel routine
Chai tea, a spiced blend typically made with black tea, cinnamon, cardamom, ginger, and other spices, is perfect for travelers who crave something bold and flavorful. The warming spices in chai can be particularly comforting on chilly days or during high-altitude travel. Plus, the combination of black tea and spices can provide a revitalizing energy boost.

You can find chai tea in various formats, including traditional loose leaf, tea bags, and even instant chai mixes that come pre-blended with milk powder. For the most authentic experience, bring a travel-friendly thermos where you can prepare chai using hot water or milk. If you prefer cold beverages, iced chai lattes are also a delicious and invigorating option.

5. Fruit-infused teas: Hydration with a burst of flavor
Staying hydrated is essential while traveling, and fruit-infused teas can help make drinking water more enjoyable. These teas are typically made with dried fruits, herbs, and sometimes even flowers, offering a burst of natural flavor that can encourage you to drink more fluids. They’re especially good for warm destinations or outdoor activities where staying hydrated is crucial.

Fruit-infused teas, such as peach, berry, or citrus blends, can be brewed hot or cold, making them great for any travel situation. Some fruit teas also contain natural electrolytes, which can help replenish minerals lost through sweat.

For a travel-friendly option, pack a few tea bags or use an infusion bottle to steep loose leaf fruit tea in cold water.

6. Instant tea powders: The ultimate convenience
These teas are available in various flavors, including green tea, black tea, chai, and even herbal blends. Instant tea powders dissolve quickly in water, making them perfect for situations where you don’t have access to hot water or brewing equipment.

Travelers who enjoy matcha will appreciate the convenience of instant matcha powders, which offer all the benefits of traditional matcha with none of the fuss. For a caffeine-free option, look for instant herbal tea powders that you can mix with cold or hot water for a quick and refreshing drink.

Packing tips for traveling with tea
To ensure a seamless tea-drinking experience while traveling, consider the following packing tips:

  • Use tea sachets or pre-portioned bags – These are easy to pack and make brewing tea simple.
  • Bring a travel mug or thermos – A good-quality thermos will keep your tea hot (or cold) for hours.
  • Pack a small infuser or travel tea set – For loose leaf tea enthusiasts, a portable infuser can make a big difference.
  • Don’t forget sweeteners or flavor enhancers – If you like adding honey, sugar, or lemon to your tea, pack small travel-sized containers.

Conclusion
No matter where your travels take you, the right tea can make your journey more enjoyable and comforting. With a little preparation, you can bring your favorite teas along for the ride and savor the flavors of home, even when you’re far away. For high-quality teas perfect for travel, explore the diverse selection available at Magic Hour. Their green tea collection, in particular, offers options that are both delicious and beneficial for wellness on the road.





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