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29 10, 2024

Best matcha brands in 2024: Top powders and ready-to-drink cans

By |2024-10-29T06:35:50+03:00October 29, 2024|Dietary Supplements News, News|0 Comments


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Matcha is everywhere right now. The go-to drink of the wellness set, and everyone’s favourite alternative to coffee, the bright green drink is having a moment. But this should hardly surprise you.

Matcha is a finely ground green tea powder typically whisked up with water or milk to create a silky green drink that’s packed with antioxidants and amino acids. The health benefits are myriad so, naturally, people are swapping their go-to teas and coffees for this health-boosting beverage.

The antioxidants in matcha, particularly catechins like EGCG, can help protect the body from free radicals that cause inflammation. Combating oxidative stress can boost mood, improve skin, muscle and brain health and support your overall longevity. Matcha also contains chlorophyll, which, if you’ve been paying any attention to TikTok wellness trends, you might have seen people adding to water daily to support their skin health and energy levels.

And, unlike your morning coffee, matcha won’t leave you feeling jittery and unsettled, despite containing a welcome hit of caffeine. This is because it also contains L-theanine, which can improve mental focus and promote feelings of calmness.

What does matcha taste like?

Matcha has a verdant earthy flavour. If you’ve ever enjoyed a loose leaf green tea, imagine a more intense and flavourful version of that. Hate it or love it, there’s also a hint of umami to matcha which lends it a slightly savoury quality. Of course, matcha comes from leaves so the taste is incredibly fresh and natural, however, this changes depending on whether you mix it with water, milk or your favourite plant-based milk.

What is ceremonial grade and why does it matter?

There are various types of matcha and you might have seen the phrase ‘ceremonial grade’ while on the lookout for the best matcha to buy. This distinction is important because culinary grade matcha and ceremonial grade matcha are two different products.

Ceremonial grade matcha is generally considered to be higher quality than culinary grade. It’s made from younger tea leaves from the first tea harvest of the season and these are softer and sweeter. These leaves also contain more chlorophyll and produce a more vivid green colour.

A traditional Japanese tea ceremony – a chanoyu – is a spiritual practice that revolves around mindfulness, health and intention, so using the carefully prepared high-grade leaves is an important part of this. For most people drinking matcha today, higher quality means more health benefits and a better tasting drink.

Culinary grade matcha, though paler in colour and made from lower-grade tea leaves, still offers plenty of benefits for health and wellbeing, but it’s usually mixed with milk to make lattes instead of being drunk with hot water.

How do people serve and drink matcha?

There are a few ways to enjoy matcha and if you’re starting from scratch with a powder you’ll want to get the consistency right. Some people use a traditional handheld matcha whisk to mix water and matcha powder into a paste before adding more water. Others use an electric frother to get a creamy consistency.

Depending on your preference you can add more water or milk to create a matcha latte and then either drink hot or add cubed ice for an ultra-refreshing version of the classic Japanese drink. If making matcha from scratch sounds like too much work, you can also find it pre-mixed and ready to drink and some brands offer added fruit flavours and plant-milk mixes too.

Whether you’re a latte lover or after ceremonial grade green goodness, read on for the best matcha brands to get your fix in 2024.

The best matcha brands of 2024

Perfect Ted

You might have spotted this brand on Dragon’s Den and in your local supermarket in fun flavours like vanilla and summer berry, but Perfect Ted’s mainstay is its traditional pure ceremonial grade matcha powder. In easy-to-use resealable bags, the brand’s matcha comes from the Uji region of Japan which is famous for its matcha harvest. However, if you don’t have time to mix your green drink at home, Perfect Ted also offers pre-mixed canned matcha drinks that boast natural energy and come in flavours like pear ginger and juicy peach.

Ancient and Brave

(Ancient and Brave)

Ancient and brave specialises in high-quality supplements so it’s no surprise the brand also has an organic matcha powder on offer. Its ceremonial-grade matcha is mixed with collagen peptides, MCT oil, moringa and organic lion’s mane mushroom to give you an extra energy and focus boost while detoxing the body and caring for the skin from within. All of Ancient and brave’s products are of a very high standard so if you’re searching for matcha with a few added health benefits, this brand is a great place to find it.

JP’s Originals

Tea company JP’s Originals know a thing or two about the humble tea leaf. The brand’s ceremonial-grade matcha hails from Uji, Japan – the world’s finest matcha region. Buying your matcha from a quality tea company is always good idea because the tea you’re buying will have been carefully selected by experts with a deep understanding of where to source and how to process the tea you’re drinking. You can find JP’s matcha in stores like Harrods, Whole Foods and Daylesford or online along with a range of other wellness-focused teas and tisanes.

Reformed

One of our Wellbeing editor’s favourite matcha brands, Reformed blends ceremonial-grade matcha with marine collagen peptides. This not only provides an instant energy boost without the jitters, it also sees to the health of your skin, hair and nails in the long term. Reformed matcha comes in a month’s supply with a glass bottle, electric frother and a metal storage tin to protect the delicate powder from light and moisture. You can try it once or schedule repeat deliveries so you never run out.

Anima Mundi

Crafted on a regenerative and sustainable 4th generation family farm, Anima Mundi’s ceremonial grade matcha was previously only available to buy in the US but you can now get it in the UK directly from Healf. It’s produced in small batches and is certified organic, ground with stones in the traditional style. Loved by wellness influencers, it’s ideal for those seeking the purest form of the sacred green elixir.

Bulk

Bulk may be known for its protein powders but it’s also a good place to go for affordable culinary-grade matcha. What’s even better is that you can buy more and save more, with a 1kg bag that will see you through the season at a discounted price. If you’ve never tried matcha before and want to dip your toe, or like the idea of a daily matcha latte that won’t break the bank, look no futher than Bulk.

Heapwell

Best matcha brands in 2024: Top powders and ready-to-drink cans

(Heapwell)

Heapwell knows good matcha and along with its ceremonial-grade powder, it also specialises in tasting and mixing utensils and sets to help you master the art of the Japanese tea ceremony and get the most from your matcha experience. The brand specialises in all things matcha and it scooped up a Great Taste Award last year thanks to the perfectly balanced flavour profile of its emerald powder.

HumaniTea

If matcha on the go sounds more your cup of tea, HumaniTea has blended ethically sourced matcha powder with chilled oat milk to create ready-to-drink lattes in cans. Each can is only 68 calories and has a delicious milky flavour that’s suitable for vegans. Find them in co-op, ocado and online.

Jenki

Jenki also harvests its ceremonial-grade matcha from the Uji provence of Japan to create a fine potent powder that blends beautifully. The brand also specialises in accessories for beginners and matcha masters so that you can mix and drink to your heart’s content. Its matcha powder comes in reusable tins or larger pouches – in case you’re looking for a supply that will last you a little longer.

Looking for more recommendations? Read our guide to B12 and why you should be taking supplements?



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29 10, 2024

Analysts Predict $400 Solana Price as Whales Buy into ‘Most Bullish Chart’

By |2024-10-29T06:06:22+03:00October 29, 2024|Crypto News, News|0 Comments

The crypto market enters the new week on a bullish note as the Bitcoin price inches closer to a $70,000 resistance breakout. The bullish momentum gradually fuels bullish momentum in most major altcoins, including SOL. However, crypto analysts showcase a higher interest in Solana price movement amid the formation of its ‘Most Bullish Chart’ setup and Whale accumulation.

Currently, the SOL price trades at $177 with an intraday gain of 0.26%. Consecutively, the Solana market cap surged to $82.21 Billion, while 24-hour trading volume spiked 32% to reach $2.82B.

Analysts Eye $400 Solana Price as Whales Accumulate on ‘Most Bullish Chart’

In a recent tweet, market analyst CryptoBoss shares an optimistic view on Solana (SOL), highlighting what he describes as the “most bullish chart I’ve ever seen. His monthly chart analysis shows a well-known reversal pattern called Cup and Handle, often identified at major market bottoms as a precursor to significant upward movements.

Theoretically, this chart setup shows a U-shaped accumulation trend represented by a Cup, followed by a short consolidation with a handle portion before a major breakout. If the pattern holds true, the Solana price prediction is poised to breach the overhead resistance trendline, setting up a rally to the $400 mark.

Analysts Predict 0 Solana Price as Whales Buy into ‘Most Bullish Chart’
SOL Monthly CryptoBoss

Major Holders Stake $35M in Anticipation of Breakout

Ahead of the major breakout, SOL’s on-chain data shows renewed activity from crypto whales. According to data from Lookonchain, a whale wallet identified as AA21…VxH9 withdrew 153,511 SOL, valued at approximately $26.4 million, from Binance over the past week and promptly staked the tokens.

Similarly, a wallet EHax…gAUa withdrew 35,498 SOL, valued at $6.12 million, from top crypto exchanges Binance and Kraken in the last 4 days and quickly staked it. Another whale wallet, EGzi…mR7g, accumulated 13,000.8 SOL (valued around $2.3M) from Binance yesterday, bringing its total staked holdings to 95,651 SOL, worth $16.83M.

This accumulation trend from large holders has often conceded with major market recovery, indicating the asset is poised for a strong breakout.

SOL Price Analysis Signals an Imminent Breakout From Bullish Pattern

The layer-1 cryptocurrency Solana showcased a sustained recovery in the Uptober market, as its price surged from $133 to $177, registering a 33% surge. An analysis of the daily chart shows this rally assisting in forming a bull pennant pattern.

Under the pattern’s influence, the SOL price is a 3% surge, offering a decisive breakout from the key resistance trendline. A successful flip of the overhead trendline into suitable support will indicate the continuation of the prevailing uptrend.

The post-breakout could set an initial target of $275, a nearly 50% surge from the breakout point.

 Solana Price Solana Price
SOL/USDT -1d Chart

However, until the price gives a deceptive breakout, the Solana price will continue a sideways trend.

Frequently Asked Questions (FAQs)

Analysts predict a potential rally to $400 due to SOL’s formation of the “Cup and Handle” pattern on the monthly chart,

Recently, large holders, or “whales,” have staked around $35 million in SOL, signaling confidence in its long-term value.

If SOL successfully breaks above the current resistance, the initial target is set at $275, a 50% increase from the breakout point, with potential for further gains toward the $400 mark

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Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

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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29 10, 2024

XAU/USD extends range play, awaiting key US economic data

By |2024-10-29T05:56:22+03:00October 29, 2024|Forex News, News|0 Comments


  • Gold price extends the previous rebound early Tuesday, retakes $2,750.   
  • The US Dollar tracks US Treasury bond yields lower ahead of key US jobs data.
  • Technically, Gold price remains within a range with upside risks intact.  

Gold price is building on the previous day’s rebound, eyeing a sustained move above $2,750 early Tuesday. Despite the renewed uptick, Gold price remain within a familiar range as the US Dollar (USD) rally takes a breather ahead of top-tier US economic data releases due later on Tuesday.

Can Gold price sustain the upswing ahead of US data?

USD buyers resort to profit-taking after the recent upsurge to three-month highs while repositioning in the run-up to the high-impact US statistics due this week. Later this Tuesday, the JOLTS Job Openings survey and the Conference Board Consumer Confidence data will be eyed to gauge the US economic resilience, which could provide fresh hints on the Federal Reserve’s (Fed) interest-rate cut outlook.

The Greenback traders also remain wary ahead of Thursday’s release of the Fed’s preferred inflation measure, the PCE Price Index, followed by the all-important US Nonfarm Payrolls (NFP) showdown. Additionally, traders’ nervousness before the publication of the third-quarter earnings reports of the US’ biggest companies by market capitalization, including Google’s parent company Alphabet, Meta Platforms, Amazon Inc., etc., also keeps the USD on the back foot.

Meanwhile, increased enthusiasm that former US President Donald Trump could win the November 5 election, combined with hopes of more Chinese stimulus, underpin global equities, diminishing the attractiveness of the go-to safe-haven, the US Dollar.

Against a broad US Dollar pullback, Gold price is trying its luck to make another headway toward the record high of $2,759, despite reports that physical Gold demand from China has taken a hit.

According to a state-backed gold association, cited by Reuters on Monday, “China’s gold consumption in the first three quarters of 2024 slid 11.18% from the same period a year ago to 741.732 metric tons as high prices dented buying interest for jewelry products.”

Further, the festive season in India – the world’s no.2 yellow metal market – also lends support to the bright metal.

However, it remains to be seen whether Gold price can sustain its uptick, as the US Dollar could jump back on the bids on the revival of the USD/JPY bullish momentum. At the press time, the Japanese Yen has recovered some ground on a dip in Japan’s Unemployment Rate, suggesting tight labor market conditions that are conducive for the Bank of Japan (BoJ) to mull further rate hikes. This has triggered a decent USD/JPY pullback below 153.00.

Gold price will also take cues from the upcoming US data and sentiment on Wall Street, as the US earnings calendar heats up.

Gold price technical analysis: Daily chart

As observed on the daily chart, Gold price has entered a phase of consolidation, with the upside capped by the record high of $2,759 set on October 23 while buyers continue to find demand at $2,723, the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to all-time high of $2,759.

The 14-day Relative Strength Index (RSI) is inching higher, approaching the overbought region, currently near 69.  The leading indicator indicates more room for Gold price upside in the near term.

Therefore, Gold buyers need a sustained move above the $2,750 psychological barrier to take on the lifetime high at $2,759. Further up, the $2,570 level will challenge the bearish commitments. 

On the downside, the 23.6% Fibo support at $2,723 remains a tough nut to crack for Gold sellers.  

Acceptance below that level on a daily candlestick closing basis could revive the correction, targeting the 38.2% Fibo level of the same ascent at $2,700.

Further south, the 50% Fibo support at $2,681 will be challenged, where the 21-day Simple Moving Average (SMA) aligns. 

Economic Indicator

JOLTS Job Openings

JOLTS Job Openings is a survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month.

Read more.

 



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29 10, 2024

Prostate Cancer Progression in Mice Halted by Pro-Oxidant Supplement

By |2024-10-29T04:34:47+03:00October 29, 2024|Dietary Supplements News, News|0 Comments


In some cases, prostate cancer resists all known therapies and turns extremely deadly. Now, a discovery at Cold Spring Harbor Laboratory (CSHL) points to a potential solution. Researchers led by CSHL professor Lloyd Trotman’s lab have found that the pro-oxidant supplement menadione slows prostate cancer progression in mice. The supplement is a precursor to vitamin K, commonly found in leafy greens.

The findings are published in Science in an article titled, “Dietary pro-oxidant therapy by a vitamin K precursor targets PI 3-Kinase VPS34 function.”

In 2001, the National Cancer Institute’s SELECT trial sought to determine if an antioxidant vitamin E supplement could successfully treat or prevent prostate cancer. The trial involving 35,000 men was planned to last up to 12 years. However, after just three years, participants were told to stop taking their supplements. Not only had vitamin E failed to slow or prevent prostate cancer—more men taking the supplement started to get the disease. Seeing these results, Trotman thought, “If an antioxidant failed, maybe a pro-oxidant would work.”

“In light of emerging evidence that antioxidants can have cancer-promoting effects, Swamynathan et al., tested potential pro-oxidant interventions,” the researchers wrote. “In particular, the authors focused on menadione sodium bisulfite, a water-soluble precursor of vitamin K. As the authors anticipated, this menadione derivative suppressed prostate cancer growth.”

When mice with prostate cancer are given menadione, it interferes with the cancer’s survival processes. Trotman’s team discovered that menadione kills prostate cancer cells by depleting a lipid called PI(3)P, which works like an ID tag. Without it, the cells stop recycling incoming materials and eventually explode.

“It’s like a transport hub, like JFK. If everything that goes in is immediately de-identified, nobody knows where the airplanes should go next. New stuff keeps coming in, and the hub starts to swell. This ultimately leads to the cell bursting,” explained Trotman.

The researchers now hope to see the experiment translated to pilot studies in human prostate cancer patients.

“Our target group would be men who get biopsies and have an early form of the disease diagnosed,” Trotman said. “We wonder if they start to take the supplement, whether we would be able to slow that disease down.”

Trotman’s research also suggests that menadione may prove effective against myotubular myopathy, a rare condition that prevents muscle growth in infant boys. Those diagnosed rarely live beyond early childhood. Trotman’s lab has found that depleting PI(3)P with menadione can double the lifespan of mice with this condition. The findings open a new door of understanding and may lead to new strategies and studies.





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29 10, 2024

Natural Gas Price Forecast: Reverses Sharply from 20-Day MA Resistance

By |2024-10-29T03:55:38+03:00October 29, 2024|Forex News, News|0 Comments


Pullback From 20-Day MA

Today’s sharp bearish reversal triggered a decline below the inside day from Friday. Both last Friday and Thursday’s highs found resistance around the purple 20-Day MA, now at 2.57. That was the top of the counter-trend rally seen so far. There was concern discussed recently about potential resistance around the 20-Day line, and the bearish answer is now clear. However, how that plays out with the larger developing patterns remains to be seen.

Trades Within Weekly Range

The two key price levels to be aware of are last week’s high of 2.58 and low of 2.21. Until then, natural gas is consolidating within last week’s price range when considered on a weekly basis. Also, the market has clearly recognized the price zone represented by the 20-Day MA and therefore it may do so again. Although trendlines may not be too reliable on their own as a signal they can provide indications of improving or decreasing demand. So, the internal uptrend line can be watched in that regard. If there is a daily close below the line, the chance of a deeper pullback from there increases.

20-Day Line to Provide a Clue

A clear sign of strength will be given if the 20-Day line is recaptured. However, a daily close confirming the breakout will be needed to indicate that price is likely to continue to strengthen. Further, a rally above last week’s high is needed to provide a weekly bullish signal. Of course, that would also signal a breakout above the most recent swing high as seen on the daily chart and thereby trigger a continuation of the bull trend as it would signal a higher swing high.

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



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29 10, 2024

Why DOGE could rally 14%?

By |2024-10-29T02:03:37+03:00October 29, 2024|Crypto News, News|0 Comments

  • Dogecoin price rises for a third consecutive day after bouncing from $0.128, Friday’s low.
  • Elon Musk’s promotion of the meme coin has reignited interest in Dogecoin.
  • A daily candlestick close below $0.126 would invalidate the bullish thesis.

Dogecoin (DOGE) extended its gains on Monday and during the weekend after successfully retesting a key support level on Friday. The bullish price action since broadly mid-October has been bolstered by Elon Musk’s promotion of the meme coin, reigniting interest among traders and suggesting a potential rally ahead.

Dogecoin support level holds strong 

Dogecoin retested and bounced from the daily level of $0.128 on Friday and rallied 9.6% in the next two days. The daily support at $0.128 roughly coincides with the 50% price retracement level at $0.126 (drawn from the June high of $0.175 to the August low of $0.078), making it a key support zone. At the time of writing on Monday, DOGE trades slightly higher at around $0.145.

If the $0.128 level continues to hold as support, DOGE could rally 14% from its current price of $0.145 to retest its June 6 high of $0.165.

The Relative Strength Index (RSI) currently reads at 66 and is nearing the overbought level of 70, showing strong bullish momentum. However, if it enters the zone on a closing basis, traders will be advised not to add to their long positions as the chances of a price pullback would increase. Another option is that the rally continues, and the RSI climbs further up into overbought and remains there.

DOGE/USDT daily chart 

Based on IntoTheBlock’s Global In/Out of the Money (GIOM), nearly 460,060 addresses accumulated 59.14 billion DOGE tokens at an average price of $0.119. These addresses bought the dog-based meme token between $0.103 and $0.135, which makes it a key support zone. 

Interestingly, the zone mentioned from a technical analysis perspective, the $0.119 level, coincides with the GIOM findings, making this zone a key reversal area to watch.

DOGE GIOM chart. Source: IntoTheBlock

DOGE GIOM chart. Source: IntoTheBlock

Elon Musk’s support for Dogecoin 

Elon Musk’s involvement has reignited interest in Dogecoin, particularly following his co-founding of the “Department of Government Efficiency” (DOGE), a concept aimed at streamlining US government operations and reducing waste. 

During a New York campaign rally for former President Donald Trump on Sunday, he claimed this initiative could save the United States $2 trillion in tax spending, asserting and reducing costs.

“Your money is being wasted, and the Department of Government Efficiency is going to fix that,” Musk said. 

The initiative’s initials, DOGE, align with the Dogecoin ticker, fueling discussions and speculation on social media about the token’s future and enhancing bullish sentiment for the meme coin.

DOGE’s bullish trend would be invalidated if the token breaks below the daily support at $0.128 and closes below $0.126. This scenario could lead to a decline in Dogecoin price to retest its October 3 low of $0.101.


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29 10, 2024

XAG/USD holds above $33.50 but struggles to rise

By |2024-10-29T01:54:21+03:00October 29, 2024|Forex News, News|0 Comments


  • Silver price hovers near $34.00 resistance with positive momentum, supported by RSI in bullish territory.
  • A breakout above $34.00 could target the YTD high at $34.86, followed by the October 2012 peak at $35.40.
  • Key support levels are the October 25 low at $33.09 and October 17 pivot low at $31.32, with further downside to the 50-day SMA at $30.82.

Silver price clings to gains above $33.50 yet struggles to clear the $34.00 mark amid falling through high US 10-year T-note yields at 4.260%. At the time of writing, the XAG/USD trades at $33.79, up by 0.30%.

XAG/USD Price Forecast: Technical outlook

The grey metal remains bullish, though it has failed to clear the October 25 daily peak at $34.01, opening the door to complete a ‘bullish harami’ candle pattern.

Momentum remains positive, with the Relative Strength Index (RSI) in bullish territory and aiming upwards. Therefore, the XAG/USD could test $34.00 in the short term.

If XAG/USD climbs past $34.00, the next resistance would be the year-to-date (YTD) high at $34.86. A breach of the latter will expose the October 2012 peak at $35.40.

Conversely, if Silver price extended its losses below the October 25 swing low of $33.09, this could expose the October 17 pivot low at $31.32. On further weakness, XAG/USD’s next support would be the 50-day Simple Moving Average (SMA) at $30.82.

XAG/USD Price Chart – Daily

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

 



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29 10, 2024

GBP/USD Analysis Today 28/10: Downward Trend Awaits (Chart)

By |2024-10-29T00:04:26+03:00October 29, 2024|Forex News, News|0 Comments

  • At the end of last week, the GBP/USD attempted to rebound, but its gains did not exceed the 1.2998 level, and it is currently stabilizing near the support level of 1.2940 at the beginning of an important week, near its three-month low.
  • According to forex trading, the British pound (GBP) gained ground against most major currencies on Thursday, despite the release of some UK preliminary Purchasing Managers’ Index data that came in below expectations.
  • According to the economic calendar results, both manufacturing and services indices fell short of expectations in October, although they remained above the 50 level, indicating expansion.
  • The UK manufacturing sector declined from 51.5 to 50.3, below the expected 51.4 and reaching a six-month low. Meanwhile, the UK services sector fell from 52.4 to 51.8, failing to meet expectations of maintaining its previous level.

However, the clearly upbeat market sentiment coupled with expectations that the UK’s upcoming autumn budget will boost investment in the UK has led to the pound gaining traction during the latter half of Thursday’s European session.

Meanwhile, the US dollar (USD) lost some ground against most other currencies on Thursday despite the release of some better-than-expected US PMI data. The preliminary global PMIs for October from S&P showed that both the manufacturing and services sectors performed better than expected. The manufacturing index rose to 47.8 from 47.3, beating expectations of 47.4, while the services sector rose to 55.3 from 55.2, defying expectations for a fall to 55.0. Although the manufacturing index remained below the 50 level, indicating contraction, the services sector remained firmly in expansion territory.

However, the generally positive market sentiment has dampened demand for the US dollar, given its status as a safe haven currency. Also, the main driver of GBP/USD movement this week is expected to be the reaction to a slew of important US economic data led by the release of US jobs figures and the US Federal Reserve’s preferred inflation reading.

In the UK, Chancellor of the Exchequer Rachel Reeves will unveil the first budget of the newly elected Labour government on Wednesday, which could be one of the most important financial announcements in the UK for years to come. Overall, she faces a tough task, with the IMF advising on increasing public investment, but also pushing for long-term reform of its finances. Reeves is willing to reform fiscal rules that could allow more borrowing for capital spending, while also likely to target investors to increase tax collections.

On another note, according to stock trading platforms, US stocks retreat. The S&P 500 closed flat on Friday, the Dow Jones Industrial Average fell 259 points and the Nasdaq 100 advanced 0.5% as declines in bank stocks offset gains in tech stocks. Particularly, the financial sector was particularly affected by concerns surrounding New York Community Bancorp, which saw its shares fall 8.2% after disappointing guidance. Bank of America and Wells Fargo fell 1.7% and 1.3%, respectively, while Morgan Stanley and Goldman Sachs dropped 2%. Conversely, big tech companies such as Microsoft, Alphabet, Meta and Amazon rose between 0.8% and 1.5% ahead of their upcoming earnings reports. Additionally, American depositary receipts for Nvidia and TSMC rose 0.8% and 6.9%, respectively, extending gains in the semiconductor sector. On the economic data front, the University of Michigan Consumer Survey indicated that both sentiment and expectations were revised higher, while inflation expectations were revised lower.

Overall, during the week, the S&P 500 and Dow Jones Industrial Average fell by 2.4% and 0.9%, while the Nasdaq posted slight gains.

Technical forecasts for the GBP/USD pair today:

Technically, my technical outlook for the GBP/USD pair remains bearish. The overall trend is still downward, and stability below the 1.2900 support level confirms the dominance of bears. Furthermore, the readiness for stronger losses if the important US economic data this week Favors further strengthening of bearish dominance. Currently, the closest support levels for GBP/USD are 1.2880 and 1.2750, respectively. Form the last level, technical indicators will move towards oversold levels. For bulls to break the trend, the pair must stabilize above the resistance of 1.3150 again.

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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28 10, 2024

The decline in domestic coffee prices has not stopped yet?

By |2024-10-28T23:53:30+03:00October 28, 2024|Forex News, News|0 Comments


Experts predict that coffee prices on October 29, 10 in the domestic market will continue to decline tomorrow and tend to decrease in the following days.

The 2024-2025 coffee crop has begun since early October, and the price of Robusta coffee on the London exchange has dropped about $10/ton compared to its peak at the end of September.

At the market world, the Brazilian Real continued to decline sharply, causing the USD/BRL exchange rate to increase during trading hours. Favorable weather in Brazil and abundant supply from the new harvest in Vietnam continued to be factors that caused coffee prices to decline last week.

Recorded in the trading session on October 28, 10, domestic coffee prices today are stable at around 2024-109.400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 110.000 VND/kg, the highest purchase price in the province Dak Nong 110.000 VND/kg.

Coffee price forecast October 29, 10: Will the decline in domestic coffee prices stop?

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 109.800 VND, unchanged from yesterday, in Pleiku and La Grai the same price is 109.700 VND/kg; In the province Kon Tum at the price of 109.800 VND/kg, stable compared to yesterday; In Dak Nong province, coffee was purchased at the highest price of 110.000 VND/kg, stable compared to yesterday.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee was purchased at 109.400 VND/kg, unchanged from yesterday.

Coffee prices today (April 28) in the province Dak LakIn Cu M’gar district, coffee was purchased at about 109.800 VND/kg, also slowing down following the general trend, while in Ea H’leo district and Buon Ho town, it was purchased at the same price of 109.700 VND/kg.

Updated world coffee prices at 20:00 p.m. on August 28, 10, Vietnam time on the London exchange, the price of Robusta coffee futures contract for delivery in September 2024 on the London floor is at 11 USD/ton, an increase 2024 USD compared to the beginning of the trading session.

Coffee price forecast on June 29, 10:
Coffee prices today, July 28, 10: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 1 is 2025 USD/ton, an increase of 4.405 USD; Delivery term in January 82 is 3 USD/ton, up 2025 USD and delivery term in March 4.313 is 57 USD/ton, up 5 USD.

Coffee price forecast on June 29, 10:
Arabica coffee prices on the New York floor on October 28, 10. (Photo: Screenshot of giacaphe.com)

In particular, the price of Arabica coffee on the New York floor today at 20:00 p.m. on September 28, 10 increased in all terms, fluctuating at 2024 – 249.40 cents/lb.

Specifically, the delivery term in September 12 is 2024 cents/lb; increased 254.85 cents/lb compared to the beginning of the session. December 6.45 delivery is 3 cents/lb, an increase of 2025 cents/lb; The March 253.70 delivery period is 6.20 cents/lb, an increase of 5 cents/lb and the May 2025 delivery period is 252.15 cents/lb, an increase of 6 cents/lb.

Coffee price forecast on June 29, 10:
Brazilian Arabica coffee price on October 28, 10. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on October 28, 10 increased. Specifically, the delivery period for December 2024 is 12 USD/ton, up 2024%; the delivery period for March 305.40 is 1.63 USD/ton, up 3%; the delivery period for May 2025 is 306.00 USD/ton, up 1.63% and the delivery period for July 5 is 2025 USD/ton, up 301.40%.

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

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

According to the Import-Export Department (Ministry of Industry and Trade), world coffee prices have decreased recently due to the Brazilian Real falling against the USD, encouraging Brazilian producers to increase sales.

In addition, favorable weather and steady rainfall in Brazil’s key robusta growing region of Espirito Santos have eased supply concerns that have put downward pressure on prices.

As Vietnam enters a new harvest season, increased supplies of robusta coffee also impact coffee prices.

In addition, the European Deforestation Regulation (EUDR) is being suspended to allow third countries, Member States, operators and traders to fully prepare for due diligence obligations, which is also expected to impact coffee prices. The regulation is scheduled to be voted on by the European Parliament on 13 and 14 November 11.

Information for reference only. Prices may vary depending on locality.

Sources: https://congthuong.vn/du-bao-gia-ca-phe-ngay-29102024-da-giam-cua-gia-ca-phe-trong-nuoc-chua-dung-lai-355329.html



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28 10, 2024

4 essential vitamins and minerals to keep you strong this winter

By |2024-10-28T22:31:51+03:00October 28, 2024|Dietary Supplements News, News|0 Comments


The harsh months of winter are just around the corner–and for some cyclists, their immune system, along with their mood, could plummet along with the warm weather. Give yourself a head start by supplementing your body with these essential nutrients that will keep you strong–mentally and physically–when cold season arrives with the cold weather.

Vitamin D

Vitamin D is a unique vitamin–your body can produce it when exposed to sunlight. As the days get shorter and the sun disappears earlier, the amount of the vitamin synthesized by your body declines. It will also decline with sunscreen use, increased melanin and older age.

Vitamin D’s role

Boosts immune system
Helps with calcium absorption
Builds and maintains strong bones and teeth
Regulates mood

Foods with vitamin D

Vitamin D doesn’t occur naturally in many foods–other than fortified foods, where vitamin D has been added. Foods that do provide some include:

Egg yolk
Fatty fish
Unsweetened low-fat milk
Unsweetened plant-based milk fortified with vitamin D

Supplementing with vitamin D

The easiest way to ensure you’re getting adequate vitamin D, especially in winter, is by taking a supplement; these can come as tablets, capsules, liquid or spray. Sources recommend at least 600 IU (15 mcg) per day for adults, without exceeding 4,000 IU (100 mcg). You can buy supplements at drugstores, health food stores and department stores.

Vitamin C

People usually suggest loading up on vitamin C (ascorbic acid) when you get sick to improve your recovery time–but at that point, it may be too late for the vitamin’s immunity benefits to be effective. Studies have shown that taking vitamin C over a longer period of time may slightly reduce the duration of a cold and the severity of the symptoms.

4 essential vitamins and minerals to keep you strong this winter

Vitamin C’s role

Boosts immune system
Helps with iron absorption
Helps with repair and growth of all tissues (bones, cartilage, skin and blood vessels)
Acts as an antioxidant, protecting cells against daily damage

Foods with vitamin C

Citrus fruits
Bell peppers
Brussels sprouts
Broccoli
Snow peas
Fruits such as kiwi, strawberries, peaches, papaya and guava
Leafy vegetables such as kale and arugula
Tomatoes
Potatoes

Supplementing with vitamin C

While it’s easy to get vitamin C through your diet, supplements are also available. Daily necessary vitamin C dietary intake is at least 75 mg for women and 90 mg for men. Sources suggest supplementing 250-500 mg twice a day to provide maximum benefit. The upper limit for adults is 2,000 mg per day, but stomach pain or diarrhea may result from taking more than 1,000 mg. Vitamin C can be taken as capsules, tablets, chewables or a powder.

Omega-3

Omega-3 fatty acids have their fair share of diverse benefits, but studies have shown that supplemental omega-3s, which are taken in fish oil or fish oil capsules (to mask the taste), may not provide the same benefits for heart health as food sources. ALA, DHA and EPA are the three main types of omega-3 fats found in food.

Omega-3’s role

Regulates serotonin levels and improves low mood
Reduces risk of developing heart disease (lowers blood pressure, triglyceride levels and prevents blood clots)
Reduces pain and inflammation
Improves cognitive function

Foods with omega-3

ALA (found in plant oils)
Flaxseed oil, canola oil, walnut oil, soy oil
Chia
EPA and DHA (fatty fish and seafood)
Salmon, herring, sardines, tuna
Omega-3-rich eggs and milk
Supplementing with omega-3

Prioritize getting your omega-3s through your diet, but if supplementing, make sure your supplement contains EPA and DHA, and be sure to check the content of each (it will likely be 30 per cent omega-3s and 70 per cent other fats). Recommended daily intake for combined EPA and DHA is 250-500 mg, while total omega-3s is 1,100 mg for women and 1,600 mg for men.

Note that fish oils are perishable (so try not to buy them in bulk), and omega-3s will be best absorbed when taken with fatty meals.

Iron

Iron is a mineral that has the critical role of creating hemoglobin, a protein in red blood cells that carries oxygen to tissues around the body. First signs of iron deficiency include fatigue and headache, as your body isn’t getting the oxygen it needs–this can significantly impact your ability to perform athletically, especially for cycling. Your cracked lips, paler-than-usual skin and cold hands and feet may not be just from the chilly, dry weather–these may be signs of low iron.

Iron’s role

Improves energy levels
Improves body temperature regulation
Boosts endurance exercise performance
Improves cognitive and immune functions

Foods with iron

Oysters
Red meat
Liver
Legumes
Spinach
Tofu
Dark chocolate
Fortified breakfast cereals
Supplementing with iron

Your body can sometimes have difficulty absorbing iron; vegetarians may also need to take iron supplements, which are available over-the-counter, to replace what red meat provides. Your doctor may not consider sub-optimal ferritin levels “low,” so be sure to let them know you’re a cyclist, and that you’re aware that athletes require more iron.

Women aged 19-50 are most at risk for iron deficiency from losing blood through monthly periods, and are recommended to consume 18 mg of dietary iron daily. Men over age 19 and post-menopausal women are only recommended a daily intake of 8 mg.

Too much iron from supplements can cause constipation or stomach pain. Take vitamin C with iron to increase absorption, and avoid taking with caffeine and calcium (milk, cheese, yogurt), which can impede absorption.





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