About Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.
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



Source link

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.





Source link

28 10, 2024

Higher Levels (Video + Chart)

By |2024-10-28T22:03:16+03:00October 28, 2024|Forex News, News|0 Comments

  • During the trading session on Friday, it’s been a little back and forth in this pair as we continue to hang around the crucial 200-day EMA.
  • I suspect this is a scenario where we are just killing some time as we headed into the weekend as we are trying to figure out whether or not we can continue to see upward momentum.
  • This is an indicator that a lot of people pay attention to determine the overall trend and as we have broken well above it a couple of days ago, pulled back to test it and on Friday just kind of hung around.
  • I think you’ve got a situation where we are trying to confirm the breakout to the upside.

Remember the interest rate differential continues to favor the upside, and I think that’s the one thing that you really need to pay attention to mainly due to the fact that we have so much in the way of interest rate differential come into the picture as the carry trade gets hot again. While the Bank of Canada has recently cut rates, the reality is that the Bank of Japan simply cannot do anything to tighten monetary policy, and therefore you’re seeing the Japanese yen struggle against most currencies, not just Canada. If oil starts to take off, then you could see a major move to the upside as the Canadian dollar is a proxy for crude oil, and at the same time, the Japanese economy imports 100% of its crude oil, so it makes sense that it would go higher.

Short Term Dips

In general, I think we’ve got a situation where short-term dips offer value, and even if we did break down from here, you can see the 50-day EMA near the 108.25 yen level offer a bit of a floor. In general, I do think that we are going to try to work our way towards the 112 yen level, and then eventually the 115 yen level, but with the Bank of Canada cutting rates a couple of times already, this might be a little slower than some of the other yen related pairs.

Ready to trade our Forex daily analysis and predictions? Check out the best currency exchange broker Canada for you. 

Source link

28 10, 2024

Dogecoin (DOGE) Epic Price Rally Coming, Says Top Analyst

By |2024-10-28T22:01:18+03:00October 28, 2024|Crypto News, News|0 Comments

Cover image via www.freepik.com

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

The price of Dogecoin (DOGE) has been injected with bullish momentum. It has started to move to the next highs after a health correction last week. It appears that bulls are making a comeback, taking the DOGE price toward a potential breakout. Even top market analysts are now giving positive Dogecoin price predictions.

Renowned on-chain analyst Ali Martinez tweeted earlier today about a potential rally for the highly popular meme coin. He mentioned that the current scenario shows that DOGE is going to be breaking out. Martinez further mentioned that if the $0.139 support holds for the meme coin, the next target will be $0.175.

In a previous tweet, Martinez shared a similar analysis for Dogecoin. He explained that if Dogecoin successfully breaks above the $0.143 resistance level, the market could witness a massive 25% price rally, which will take the Dogecoin price to the $0.175 price level. Martinez appears to be confident about his prediction, as he has reiterated it twice.

Historic Dogecoin price breakout

The price chart shared by him also looks very interesting, yet informative. It depicts the ideal path for Dogecoin’s movement, predicting its journey toward the next high of $0.175. This level is still very low compared to Dogecoin’s all-time high (ATH) of $0.73. It was achieved on May 8, 2021, making it over three years since DOGE achieved this milestone.

However, the potential rally toward $0.175 is still crucial as the DOGE price has been consolidating around the $0.11 range for quite some time. Achieving this level will open up opportunities for the meme coin to turn it into support, and then target the next highs. This slow-yet-steady price growth can result in huge gains over time.

As of now, Dogecoin is trading at $0.1472. It has witnessed a surge of 6.14% in the last 24 hours. Notably, the trading volume has skyrocketed 111.89% and currently sits around $1.77 billion. These figures show the strong bullish sentiment on the market. Considering the prediction from Martinez, it looks like Dogecoin is now eyeing the $0.175 target.

Source link

28 10, 2024

XAU/USD retains its bullish bias around $2,740

By |2024-10-28T21:52:23+03:00October 28, 2024|Forex News, News|0 Comments


XAU/USD Current price: $2,740.65

  • Market players are cautiously optimistic ahead of multiple first-tier data.
  • Turmoil in Japan and the Middle East backed the US Dollar during Asian trading hours.
  • XAU/USD consolidates near record highs, bulls paused but did not give up.

Spot Gold is comfortable trading in the $2,740 price zone, marginally higher for the day. The bright metal gapped lower at the weekly opening amid renewed US Dollar demand, although the latter changed course amid an improved market mood. Such a better sentiment limits the upside for XAU/USD in the American session.

The focus during Asian trading hours was on Japan after a snap election that resulted in the worst result in fifteen years for the Liberal Democratic Party (LDP). Prime Minister Shigeru Ishiba pledged to stay in office despite losing support amid a political scandal, including undocumented political funds and kickbacks. The Japanese Yen (JPY) edged sharply lower, supporting the USD.

Falling oil prices also helped the Greenback. Crude Oil Prices fell after Iran reported that the latest Israel attacks did not affect the country’s oil industry. As a result, stock markets trade in positive territory. Gains are modest ahead of multiple first-tier figures scheduled throughout the week. The United States (US) will publish the flash estimate of the Q3 Gross Domestic Product (GDP) and several employment-related figures ahead of the Nonfarm Payrolls (NFP) report scheduled for Friday. Additionally, the US, Australia, Germany and the Eurozone will publish fresh inflation-related figures, while the Bank of Japan (BoJ) will announce its decision on monetary policy.

XAU/USD short-term technical outlook  

Gold holds on to modest intraday gains but trades below Friday’s close and within familiar levels. XAU/USD daily chart shows moving averages keep heading north far below the current level, with the 20 Simple Moving Average (SMA) accelerating higher, in line with buyers’ dominance. Technical indicators, on the contrary, offer neutral-to-bearish slopes holding within positive levels.

Even further, XAU/USD met intraday buyers just ahead of $2,721.20, the 23.6% Fibonacci retracement of the  $2,601.87/$2,756.36 rally. More relevant support comes at $2,698.66, which is the 38.2% retracement of the same rally.

The near-term technical picture is neutral. The XAU/USD 4-hour chart shows the pair barely holding above a mildly bearish 20 SMA. The 100 and 200 SMAs keep heading north far below the current level, yet technical indicators have turned marginally lower, just above their midlines. A break through the intraday high at around $2,745.90 should favor a retest of the record high en route to the $2,800 mark.

Support levels: 2,721.20 2,708.50, 2,698.60

Resistance levels: 2,745.90 2,758.40 2,775.00



Source link

28 10, 2024

This $1 canned drink launched a museum all about iced tea: ‘AriZonaLand’

By |2024-10-28T20:30:51+03:00October 28, 2024|Dietary Supplements News, News|0 Comments


It’s only $1, but crazed fans think AriZona iced tea tastes like a million bucks.

The vivacious colorful-canned drink from the New York-based company has famously stayed priced at just 99 cents, but it’s become a bonafide pop culture phenomenon over the years. Crazed fans have gotten tattoos of the infamous cherry blossom tree, collected hundreds of beverage cans or wrapped their car in AriZona’s Georgia Peach can design.

Just ask Hannah Mead, a Lorton, Virginia resident and self-proclaimed “Zonie,” the name given to AriZona superfans who obsess over collecting rare or limited edition merchandise. The 26-year-old has been enthralled with the brand since her first sip of AriZona’s Green Tea with Ginseng and Honey drink as a child.

“It left such a memorable taste with me. I was like, ‘I love this,’” Mead told The Post. “I’ve fallen in love with the brand ever since.”

Hannah Mead, 26, considers herself a “Zonie” and honors the brand by redesigning her car with Arizona Iced Tea. Courtesy of Hannah Mead

As a member of the “Zonie gang,” Mead’s dedication to the brand extends beyond collecting cans and wearing AriZona merchandise.

She redesigned her 2011 Remake V2 Wide body Genesis Coupe 2.0t with AriZona green tea cherry blossom decals and headlights that project the car’s AriZona-themed name. She named the car GeniZona because it’s a combination of a Genesis coupe and AriZona Iced Tea.

“I came up with the overall concept, like my license plate used to say $0.99,” Mead said. “I was trying to get people to understand that it’s themed after the Iced Tea.”

Mead fell in love with the brand when she sipped on AriZona’s Green Tea with Ginseng and Honey. Courtesy of Hannah Mead

AriZonaLand

Many zonies remain loyal to the AriZona brand because, for over 30 years, it’s still cost-friendly, has attractive packaging and the drink’s taste remains the same.

But it also spawned a fandom that attracted customers to anything the brand produced from juices, coffee, alcohol, candy, clothes and shoes.

Now, it’s opened AriZonaLand, located in Keasbey, New Jersey, is an immersive museum all about AriZona Iced Tea’s history, which is attached to a factory that produces the popular beverage.

The area is also known as the experience center, a museum format where guests can learn about the different artifacts that tell the story behind the iced tea company.

AriZonaLand, located in Keasbey, New Jersey, is an immersive museum all about AriZona Iced Tea’s history. Arizona
The experience center is a museum format where guests can learn about the different artifacts that tell the story behind the Iced tea company. Getty Images for AriZona Iced Tea
Visitors can get a tour of the factory where the beverage is produced. Taylor Knight/NY Post

When tourists walk inside they’ll see the nearly 1 million square feet of AriZona-inspired decorations incorporating retro colors, brand artifacts, handcrafted chandeliers made from an old bottling filler and the first-ever AriZona merchandise store.

Mead, who actively curates content around her love for the brand, revealed how she discovered she was featured in the AriZonaLand museum in a display showcasing her devotion to the company.

“I almost started crying. I could not verbally express how much that meant to me because I’ve been so dedicated to the brand,” Mead professed.

The brand has collaborated with major celebrities throughout the years such as Arnold Palmer and Shaq O’Neil. Getty Images for AriZona Iced Tea
Throughout the museum, tourists can learn about the brand’s history. Getty Images for AriZona Iced Tea

As the attendees explore the two-level building, they can go upstairs to gain knowledge about how the brand got started, collaborations, various products the brand has curated, the evolution of the canned drink and how the company implements sustainability.

Quali-tea

AriZona Iced Tea sweetened the beverage industry in 1992 when co-founders Don Vultaggio and John Ferolito desired a drink that reminded them of paradise.

“Somebody walks into a store, sees an attractive can or bottle,” Vultaggio, the chairperson of the Arizona Beverage Company, told the Post. “If they haven’t had it before and they say, ‘Well that’s interesting and the price is great,’ and they take it home and they drink it and like it. What are they going to buy next time they shop that product? [AriZona]. Because it makes sense.”

Don Vultaggio is the co-founder and chairperson of the Arizona Beverage Company. Arizona
The museum and factory are based in Keasbey, New Jersey. Arizona

It didn’t take long for the “big can” drinks, ranging in various flavors from Muncho Mango, Green Tea and the infamous Arnold Palmer beverage, to become a pop culture phenomenon by quenching everyone’s thirst for only .99¢.

“We can focus on some basic things that appeal to the average person and our consumers, the average person, when he’s thirsty or she’s thirsty and want to have their thirst quenched with something to taste good, that’s consistently good, that looks great and is fairly priced,” Vultaggio said.

Despite the Iced Tea being named after Arizona, a place Vultaggio never visited prior to the beverage’s development, he felt a connection to the desert-like ambiance.

“I always associated Arizona with a healthy, clean and dry feel that was different from the Brooklyn feel,” Vultaggio told CNN. “Having a name associated with a lifestyle, which is an environment and climate that made you want to grab a refreshing iced tea.”

The various flavors range from Muncho Mango, Green Tea and the infamous Arnold Palmer beverage. Arizona
The drink has become a pop culture phenomenon by quenching everyone’s thirst for only .99¢. Arizona

And the beverage has shockingly remained .99¢ despite inflation, even though it should cost $2.26 according to the US Bureau of Labor Statistics’ price calculator.

“Our ability to maintain price even at a time when everything was going up was [that] we don’t have what I’ll call it ‘foolish spending,’” Vultaggio said.

Ded-tea-cated company

Despite being under a buck per can, zonies are known to spend up to $850 on merch.

AriZona’s first-ever merchandise store, located in AriZonaLand, features seven exclusive products that can only be purchased at the store. The storefront also has AriZona tumbler cups, clothing, accessories, shoes, cosmetics, stationary, backpacks, skateboards, bicycles, surfboards, roller skates and plush pillows on display.

Zonies can purchase exclusive merchandise only sold at AriZonaLand. Getty Images for AriZona Iced Tea
The facility is decorated with retro AriZona-branded items. Taylor Knight/NY Post

At the NJ factory, zonies can also immerse themselves inside the process of how AriZona Iced Teas are curated inside the AriZonaLand factory, which has accents of pink and teal paint along with green tea cherry blossom prints plastered across the floor.

“It’s the coolest factory I’ve ever been in and I’ve been in factories all over the world,” Vultaggio added.

As tourists walk throughout the facility, standing over the batches of tea, the smell of AriZona Iced Tea’s Muncho Mango drink fills the entire room.

The AriZonaLand factory has accents of pink and teal paint along with green tea cherry blossom prints plastered across the floor. Getty Images for AriZona Iced Tea
Vultaggio always knew he wanted to give AriZona lovers the opportunity to see how their favorite Iced Tea drinks were produced. Taylor Knight/NY Post
“It’s the coolest factory I’ve ever been in and I’ve been in factories all over the world,” Vultaggio added. Arizona

Tour guides allow 24 “zonies” to begin the walk-through as long as they wear a hair net and remove items such as jewelry and clothing items with fringes, to avoid those items from falling into the drink patches.

“We are protecting our beverages. This is a live working factory and we want to make sure that we have the utmost food safety requirements,” Nicole Cusson, 37, a senior human resources and safety manager at the site, told The Post.

Vultaggio always knew he wanted to give AriZona lovers the opportunity to see how their favorite Iced Tea drinks were produced, when he started developing this venture nearly five years ago.

“I thought it’d be great to have the ability for them to see where it’s made,” Vultaggio said about the bright and cheery factory. “That was the genesis of the idea. I think you’re going to leave with, ‘Hey, I like this product and I like it more now since I’ve seen how it’s made.“

Tourists are welcome to learn about AriZona’s manufacturing process with a free guided tour during hours of operation, Monday through Friday from 10 a.m. to 3:30 p.m., as long as guests sign up on the company website.





Source link

28 10, 2024

Pound Sterling struggles to clear strong resistance

By |2024-10-28T20:02:36+03:00October 28, 2024|Forex News, News|0 Comments

  • GBP/USD trades in a narrow band above 1.2950 in the European morning on Monday.
  • The 100-day SMA aligns as a pivot level at 1.2970.
  • The near-term technical outlook shows that sellers hesitate to bet on an extended decline.

After rising toward 1.3000 on Friday, GBP/USD lost its traction and closed the day marginally lower. The pair stays relatively quiet and moves sideways above 1.2950 in the European morning on Monday.

British Pound PRICE Last 7 days

The table below shows the percentage change of British Pound (GBP) against listed major currencies last 7 days. British Pound was the weakest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.58% 0.64% 2.51% 0.55% 1.60% 1.59% 0.42%
EUR -0.58%   -0.01% 1.84% 0.02% 0.99% 0.90% -0.22%
GBP -0.64% 0.01%   1.83% -0.09% 0.97% 0.94% -0.27%
JPY -2.51% -1.84% -1.83%   -1.92% -0.88% -0.85% -2.10%
CAD -0.55% -0.02% 0.09% 1.92%   0.96% 1.08% -0.24%
AUD -1.60% -0.99% -0.97% 0.88% -0.96%   0.06% -1.24%
NZD -1.59% -0.90% -0.94% 0.85% -1.08% -0.06%   -1.20%
CHF -0.42% 0.22% 0.27% 2.10% 0.24% 1.24% 1.20%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

Although the upbeat market mood helped GBP/USD hold its ground in the European trading hours on Friday, rising US Treasury bond yields supported the US Dollar heading into the weekend, causing the pair to reverse its direction. 

In the absence of high-impact macroeconomic data releases and fundamental drivers, GBP/USD could react to changes in the risk perception on Monday. At the time of press, US Stock index futures were rising between 0.5% and 0.7%. In case risk flows dominate the action in financial markets after Wall Street’s opening bell, the USD could come under renewed selling pressure.

On Wednesday, the UK government will present the Autumn Budget. The US economic calendar will also feature key data releases in the second half of the week.

The US Bureau of Economic Analysis will publish the first estimate of the annualized Gross Domestic Product (GDP) growth for the third quarter on Wednesday and release the Personal Consumption Expenditures (PCE) Price Index figures for September on Thursday. Finally, the US Bureau of Labor Statistics will release the labor market data for October on Friday.

GBP/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the 4-hour chart rises toward 50, pointing to a loss of bearish momentum. On the upside, the 100-day Simple Moving Average (SMA) aligns as immediate resistance at 1.2970. In case the pair makes a daily close above this level, it could attract technical buyers. In this scenario, 1.3010 (upper limit of the descending channel) could be seen as next resistance before 1.3060 (20-day SMA).

Looking south, first support could be spotted at 1.2900-1.2890 (round level, mid-point of the descending channel) before 1.2800 (round level, static level).

Pound Sterling FAQs

The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).

The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.

Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.

Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

 

Source link

28 10, 2024

BTC, ETH and XRP Price Prediction for October 28

By |2024-10-28T20:00:23+03:00October 28, 2024|Crypto News, News|0 Comments

Cover image via U.Today

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

Buyers keep controlling the situation on the market at the beginning of the week, according to CoinMarketCap.

Article image
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 1.36% since yesterday.

Article image
Image by TradingView

On the daily chart, one should pay attention to the nearest resistance of $69,425. If the bar closes around it with no long wick, there is a chance to see a breakout, followed by a blast to the $70,000 range.

Bitcoin is trading at $68,629 at press time.

ETH/USD

Ethereum (ETH) is less of a gainer than BTC, going up by 0.76%.

Article image
Image by TradingView

From the technical point of view, the price of ETH is far from the resistance. If the situation does not change by the end of the day, sideways trading in the zone of $2,450-$2,550 is the more likely scenario.

Ethereum is trading at $2,511 at press time.

XRP/USD

The price of XRP has gone up by 0.11%.

Article image
Image by TradingView

On the daily time frame, bears are more powerful than bulls. 

Related

DOGE Price Prediction for October 27

If the breakout of the interim zone of $0.50 happens, traders may witness a test of the support level of $0.4860 by the end of the week.

XRP is trading at $0.5155 at press time.

Source link

28 10, 2024

GAM3S.GG Supercharges Platform with Arbitrum Integration and GAM3 Awards Partnership | News

By |2024-10-28T19:52:41+03:00October 28, 2024|News, NFT News|0 Comments


GAM3S.GG moves onchain infrastructure to Arbitrum, joining forces for the 2024 GAM3 Awards

NEW YORK, Oct. 28, 2024 /PRNewswire/ — GAM3S.GG, the leading web3 gaming discovery platform with over 1 million registered users, today announced a comprehensive partnership with Arbitrum that includes both technical integration and event sponsorship. The collaboration marks a significant milestone as GAM3S.GG moves its on-chain infrastructure to the faster and more scalable Arbitrum network, while also welcoming Arbitrum as a key sponsor for the third annual GAM3 Awards.

The infrastructure migration encompasses GAM3S.GG’s complete Web3 ecosystem, including token and staking contracts, the platform’s quest engine with NFT distribution capabilities, and the Battle Pass system’s on-chain layer for Season 1. This strategic move aims to enhance the platform’s performance and scalability, with significantly faster transaction speeds and lower fees, for its growing user base.

“We’re excited to announce that GAM3S.GG’s on-chain infrastructure, including our $G3 token, quest engine, and Battle Pass system, are now powered by Arbitrum,” said Omar Ghanem, Co-founder and CEO of GAM3S.GG. “This integration delivers faster transactions and scalable solutions to all of  GAM3S.GG’s users. We’re also excited to have Arbitrum as one of our key partners of the 2024 GAM3 Awards, where we’ll recognize the best in web3 gaming across the entire space.”

Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation, added: “The GAM3SGG team and platform have consistently stood out as leaders in driving Web3 gaming forward in an impactful way,” said Nina Rong, Head of Partnerships at Arbitrum Foundation. “We’re excited to support the growth of their platform on Arbitrum, and we look forward to seeing the questing and battle pass system deepen gamer retention across Web3 games.”

The 2024 GAM3 Awards, set to be hosted live for the first time in Manila, Philippines, builds upon last year’s success which saw over 450,000 votes cast from 50,000 live viewers. This year’s ceremony features an expanded scope with 70+ jury members, 21 categories, and $5 million in prizes. Games built on Arbitrum have received 14 nominations across various categories, with standout titles including:

  • The Beacon: Nominated for Best Adventure Game, People’s Choice, Best Browser Game, and Best RPG
  • Pirate Nation: Nominated for Game of the Year, Best On-Chain Game, Best Card Game, Best Casual Game, People’s Choice and Best Browser Game
  • AI Arena: Nominated for Best Fighting Game and People’s Choice

Additionally, Arbitrum has been nominated in the new “Best Ecosystem” category, highlighting its growing influence in the Web3 gaming space.

Voting has commenced and will run until November 15th: gam3awards.com

About GAM3S.GG

GAM3S.GG is a web3 gaming superapp with over 1 million registered users that curates and creates content to spotlight the top games and showcase reviews, guides, news, quests, annual awards, and more. GAM3S.GG has built the #1 web3 gaming discovery platform over the past 3 years, as it continues to grow into the one-stop-shop for web3 gaming to help onboard millions of gamers, allowing them to engage with blockchain-powered games in unprecedented ways and becoming the ultimate bookmark on every gamer’s device. For more information: www.GAM3S.GG

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.

Media Contact

arbitrum@mgroupsc.com

View original content:https://www.prnewswire.com/news-releases/gam3sgg-supercharges-platform-with-arbitrum-integration-and-gam3-awards-partnership-302288676.html

SOURCE Arbitrum Foundation; GAM3S.GG



Source link

28 10, 2024

XAG/USD faces slight pressure below $34 ahead of busy US data week

By |2024-10-28T19:51:32+03:00October 28, 2024|Forex News, News|0 Comments


  • Silver price faces marginal pressure below $34.00 with an array of US data in focus.
  • Investors will keenly focus on the US labor market and the economic growth data for fresh interest rate guidance.
  • Iran-Israel tensions would keep the downside in the Silver price limited.

Silver price (XAG/USD) trades cautiously below the key resistance of $34.00 in Monday’s North American session. The white metal faces slight pressure as traders brace for an array of United States (US) economic data to be published this week.

Investors will pay close attention to labor market-related data, Personal Consumption Expenditure Price Index (PCE), and the Q3 Gross Domestic Product (GDP) data to get fresh cues about the Federal Reserve’s (Fed) likely interest rate action in the remainder of the year.

Currently, financial market participants expect the Fed to cut interest rates by 25 basis points (bps) in both the policy meetings in November and December. With decent confidence among Fed officials that the disinflationary trend is intact, the labor market and the GDP data will be keenly watched to understand the quantum of economic risks.

The US Dollar Index (DXY), which tracks the Greenback’s value against ix major currencies, retreats after failing to extend its upside above an almost three-week high of 104.60. 10-year US Treasury yields trade sideways near 4.23%.

On the geopolitical front, war between Israel and Iran will continue to keep the Silver price well-supported. Israel launched airstrikes on Iran’s defense-manufacturing capacity over the weekend. After the attack, Israel Prime Minister Benjamin Netanyahu said, “We promised we would respond to the Iranian attack, and on Saturday we struck. The attack in Iran was precise and powerful, achieving all of its objectives”, Home Newsday reported.

The scenario of deepening geopolitical tensions bodes well for precious metals, such as Silver price, as investors consider them a safe-haven bet.

Silver technical analysis

Silver price trades inside Friday’s trading range in North American trading hours on Monday. The white metal strives to revisit a fresh over 12-year high near $35.00. The asset strengthened after breaking above the horizontal resistance plotted from the May 21 high of $32.50 on a daily timeframe, which will act as support for now. Upward-sloping 20-day Exponential Moving Average (EMA) near $32.55 signals more upside ahead.

The 14-day Relative Strength Index (RSI) stays in the 60.00-80.00, pointing to an active bullish momentum.

Silver daily chart

Silver FAQs

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

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

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

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

 



Source link

Go to Top