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18 10, 2024

Arthritis and Joint Pain Supplement Recalled for Heart Attack Risks From Undisclosed Drug Ingredients

By |2024-10-18T22:12:17+03:00October 18, 2024|Dietary Supplements News, News|0 Comments


Dexamethasone is a corticosteroid, which is often used to treat inflammation. However, corticosteroids can also affect a person’s immune system, cause high blood sugar and muscle injuries, as well as psychiatric problems. When used for long periods of time, dexamethasone can lead to withdrawal symptoms.

Methocarbamol is a muscle relaxant that can affect people’s ability to drive or operate machinery, due to its ability to cause dizziness, sleepiness and low blood pressure.

Diclofenac is a type of NSAID, which are widely used anti-inflammatory drugs that do have several potentially serious side effects. Unnecessary use of NSAIDs have been linked to a number of avoidable health problems, such as heart attacks, strokes and gastrointestinal damage. Recent studies have also linked NSAID use to Parkinson’s disease, as well as an increased risk of blood clots or embolisms in women taking hormonal birth control.

According to federal regulations, products with any of these drugs in them cannot be marketed as dietary supplements. For this reason, C&A Naturistics is recalling all lots of AK Forte tablets, notifying distributors and arranging for all products to be returned to the manufacturer.

Despite the risks, C&A Naturistics has not received any reports of adverse health events as a result of its AK Forte products.

The tablets are packaged in cardboxes of 100 each, and sold nationwide through the company’s Ebay and Etsy stores. The packaging has a white, blue, red and gold AK crown logo at its top. If a customer is still in possession of AK Forte tablets, they should throw them away or return them to where they were purchased.

Consumers currently taking AK Forte tablets should immediately consult their doctor on how to safely stop use, since the potential for withdrawal from corticosteroids can only be determined by a physician.

Individuals with questions can contact C&A Naturistics via email at naturisticsca@gmail.com or by phone at 619-498-9811, Monday through Friday, 10:00 a.m. to 7:00 p.m. PST.

Adverse reactions can also be reported to the FDA’s Adverse Event Reporting program, Medwatch, or by downloading the FDA Safety Reporting form and faxing it to 1-800-FDA-0178. FDA forms can also be requested via phone at 1-800-332-1088.



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18 10, 2024

Experts say this 10,000% altcoin is set to challenge Solana’s price prediction

By |2024-10-18T21:44:42+03:00October 18, 2024|Crypto News, News|0 Comments

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As Solana gains attention, many predict a price surge to $200 in Q4 2024, while presale newcomer Raboo emerges as an opportunity.

As Solana (SOL) continues to be one of the most talked-about blockchain networks, many wonder if its price can reach $200 in Q4 2024. Solana’s rapid rise and impressive technological advancements, particularly its high-speed, low-cost transaction capabilities, position it for quite a rally. The Solana price prediction remains optimistic, but there’s a growing interest in newcomers. One of these newcomers is Raboo (RABT), an investment opportunity in the presale stages.

Solana price prediction: Can it reach $200?

It’s mid October 2024 and Solana trades at around $150, about 29591% above its all-time low. According to crypto experts SOL could even hit that $200 mark before the end of the year.

The Total Value Locked (TVL) for SOL surpassed $5 billion, showcasing the network’s growing adoption for decentralized finance (DeFi) and non-fungible tokens (NFTs). The Solana on-chain data indicates an uptick in trading volume over the last week. Its 24-hour volume reached $2.3 billion.

Another critical factor that drives the bullish Solana price prediction is its scalability. Solana can handle up to 65,000 transactions per second, many more than Ethereum’s 30 transactions per second. 

However, hitting the $200 mark depends on favorable market conditions, like continued adoption and a broader crypto bull run. Solana must break through the critical resistance level of $160 to initiate a surge towards $200. If Q4 sees strong demand from institutional investors and new DeFi projects, there’s a possibility that Solana will meet this ambitious price target.

Raboo is the newcomer with a 10,000% growth prediction

While Solana’s price prediction is exciting, Q4 might be all about Raboo, the AI-powered meme coin that gains serious traction. Unlike traditional meme coins that rely solely on hype from the community, Raboo incorporates AI-generated memes. This way it creates a unique blend of utility and viral appeal. Raboo’s Rabooscan tool allows users to track real-time meme trends and community sentiment.

The Raboo presale has already raised $2.6 million. Only 63%  of their total 1.8 billion tokens are allocated to this presale, so interested investors would have to hurry up. RABT tokens currently sell for $0.0057. This undervalued price makes for an interesting investment opportunity for those who want to get in on the ground floor with the next 100x crypto. Analysts are particularly excited about Raboo because of its unique approach to meme coin investing. The AI-generated memes and real-time data tracking capabilities ensure that Raboo stays relevant, even if the sentiment in the market shifts.

The success of the presale and the anticipation surrounding its AI-driven features make it the standout investment opportunity. Of course, Solana will do well for the remainder of 2024, but Raboo’s dynamic utility and unique approach position it as the hidden gem that could outshine even the biggest names in the industry.

Will Q4 be all about Solana or newcomer Raboo?

The Solana price prediction points toward potential growth, particularly if it breaks the $160 resistance, but the market’s attention could shift to newcomer Raboo. Solana remains a strong investment opportunity because of its advanced blockchain technology and institutional backing. However, Raboo’s unique use of AI-generated memes and its data-driven insights give it a unique edge in the meme coin space.

For investors looking for the best new investment opportunity, Raboo’s presale performance and utility-driven approach make it one of the best contenders. As Solana aims for $200, Raboo could well be the viral newcomer that sparks a 10,000% surge and captures the attention of investors and meme enthusiasts alike.

For more information, visit the Raboo presale website or join the online community on X and Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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18 10, 2024

EthOS launches hardware device for Ethereum on-chain dApp interactions

By |2024-10-18T21:31:52+03:00October 18, 2024|News, NFT News|0 Comments


  • ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions.
  • dGEN1 runs on LineageOS with a Nimbus client, eliminating third-party RPCs.
  • Preorders open at 0.2 ETH via NFT minting, shipping in Q2 2025.

The Ethereum-based operating system ethOS has unveiled the dGEN1, a pioneering hardware device designed to enhance interactions with on-chain decentralized applications (dApps).

This innovative product, which ethOS describes as “the first on-chain everyday carry,” is specifically optimized for users engaging with Ethereum’s expanding ecosystem.

dGEN1 will operate on a version of LineageOS

The launch of the dGEN1 follows the success of similar blockchain-focused devices, such as the Solana Mobile Saga and Seeker. However, unlike its Solana counterparts, the dGEN1 does not offer telecom capabilities, focusing solely on Ethereum interactions.

The dGEN1 operates on a specialized version of LineageOS, a popular Android fork, which enables the integration of a native Nimbus light client. This feature allows users to verify their data while interacting with dApps, eliminating the need to rely on potentially untrustworthy third-party remote procedure calls (RPCs).

The device also includes a built-in browser that supports IPFS and .eth domains, facilitating seamless access to decentralized content.

One of the standout features of the dGEN1 is its dedicated screen, which provides real-time transaction notifications and metadata during network interactions. This functionality aims to enhance the user experience by ensuring that users remain informed about their activities on the Ethereum network.

dGEN1 preorders currently open

For those interested in acquiring the dGEN1, preorders are currently available through an NFT minting process on the Base Layer 2 network for 0.2 ETH, approximately $520.

According to the company, shipping of the devices is expected by the second quarter of 2025, and as of now, around 630 users hold the associated NFT.

In addition to the device, ethOS plans to reward device owners with an airdrop upon delivery of the dGEN1. Each owner will share in the airdrop pool, further incentivizing early adopters.

With its unique features and design, the dGEN1 aims to position itself as an essential tool for Ethereum enthusiasts looking to engage with on-chain dApps efficiently.



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18 10, 2024

XAG/USD skyrockets as buyers eye $33.00

By |2024-10-18T21:30:57+03:00October 18, 2024|Forex News, News|0 Comments


  • Silver surges past $32.00, driven by falling US Treasury yields, with prices up 2.26% during the North American session.
  • The RSI indicates growing bullish momentum, with key resistance levels at $32.95 and $33.00 in sight.
  • A pullback below $32.00 could see support at $31.32, with stronger backing around the 50-DMA at $30.13.

Silver’s price skyrocketed during the North American session, sponsored by falling US Treasury bond yields. Even though traders trimmed bets that the Federal Reserve would ease policy less aggressively than expected, precious metals extended their gains. The XAG/USD trades at $32.33, up over 2.26%.

XAG/USD Price Forecast: Technical outlook

Silver’s price uptrend remains intact, at the brisk of registering a yearly record high. Earlier in the session, XAG/USD cleared the $32.00 psychological barrier and has extended its gains past the $32.50 area.

The Relative Strength Index (RSI) is bullish, aiming higher, indicating buyers are gathering steam.

 Given the backdrop, the XAG/USD key resistance levels would be the year-to-date (YTD) high at $32.95, followed by the $33.00 mark. Once it is exceeded, the next stop would be October 1, 2012, peaking at $35.40.

Conversely, if XAG/USD retreats below $32.00, the first support would be the October 17 swing low of $31.32, followed by the confluence of the October 8 low and the 50-day moving average (DMA) at $30.13

XAG/USD Price Action – 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.

 



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18 10, 2024

Wild thyme for gut health

By |2024-10-18T20:11:38+03:00October 18, 2024|Dietary Supplements News, News|0 Comments


Between 60 million and 70 million people in the United States suffer from some sort of gastrointestinal (GI) problem.1 Yet many people would rather discuss politics with a relative or reveal their weight to a friend than talk about their gut health, according to a survey by the American Gastroenterological Association, even though nearly 40% of respondents said they stopped doing some routine activities in the last year due to GI-related issues.

Perhaps this lack of public discourse is one reason why so many consumers lack awareness of the important role the gut microbiome plays, not only for gut health but overall well-being. In fact, a recent Ipsos poll revealed that about two-thirds of U.S. consumers are unfamiliar with the term “gut microbiome.” Even fewer know anything about how probiotic and prebiotic foods can affect the trillions of bacteria living in the digestive tract that influence everything from gut motility and immunity to mood.2

Despite this knowledge deficit, the importance of gut health is gaining traction. A recent study from McKinsey and Co. found that more than 80% of consumers in the United States, United Kingdom and China consider gut health to be important, with over 50% anticipating making it a higher priority in the next two to three years.3

This growing interest is reflected in the natural products market. Two out of 5 consumers have taken probiotic supplements to support gut health.7 Sales of gut health supplements jumped $755 million between 2019 and 2023 to $3.7 billion, according to Nutrition Business Journal (NBJ). Probiotics and prebiotics accounted for more than half of the entire category at more than $2 billion in 2023, with growth expected between 6.4% and 7.6% over the next several years.8

Research shifts to prebiotic polyphenols

As awareness of gut health grows, so does interest in solutions to support digestive wellness beyond probiotics, which are live organisms that confer a health benefit by helping balance the microbiome. Prebiotics have emerged as an important modulator of the microbiome. The International Scientific Association for Probiotics and Prebiotics (ISAPP) defines a prebiotic as “a substrate that is selectively utilized by host microorganisms conferring a health benefit.”

The benefits of prebiotics involve more than just feeding the gut bacteria. They are known to enhance the production of short-chain fatty acids (SCFAs) like butyrate, which have anti-inflammatory properties and play a role in maintaining the integrity of the gut lining. Moreover, prebiotics can help regulate bowel movements, reduce the risk of gastrointestinal disorders, and even have systemic effects, such as improving metabolic health and supporting the immune system.9

While prebiotics are often associated with dietary fibers such as inulin from chicory root, many can derive from non-fiber substances like polyphenols. Polyphenols are naturally occurring compounds found in plants known for their antioxidant properties. Recent research has revealed that polyphenols can also function as prebiotics, selectively promoting the growth of beneficial gut bacteria. They are not digested in the upper gastrointestinal tract but instead reach the colon, where they are metabolized by the gut microbiota.10

One of the most promising sources of polyphenols is wild thyme (Thymus serpyllum), a medicinal plant traditionally used in Europe for its antimicrobial, antioxidant and anti-inflammatory properties. Wild thyme is especially rich in various polyphenols, including flavonoids and phenolic acids, which have been shown to have prebiotic effects on the microbiome.11

The whole compound matrix of wild thyme

However, it took the work of a Greek gastroenterologist to pave the way for the development of 360GUT®, a novel prebiotic ingredient derived from T. serpyllum. While treating patients with tea made from wild thyme for respiratory infections, he discovered that it also improved their gastrointestinal health. His research attracted the attention of Finzelberg, a German manufacturer of plant extracts with nearly 150 years of experience that will be climate-neutral by 2030. Finzelberg is delivering the power of more than 80 different botanicals to protect and promote health the natural way and has a global footprint in the pharmaceutical and dietary supplement industries.

“The herb fits well into our portfolio and our holistic approach to botanicals, where the whole compound matrix is the active ingredient,” explained Cynthia G. Suarez Rizzo, Ph.D., who oversees new product development at Finzelberg, which is part of the nature network, a fourth-generation family business with more than 4,000 employees worldwide.

“Our researchers then carefully validated the potential benefits of the next-generation, polyphenolic prebiotic and scaled the research from preclinical to clinical,” she added.

In a first-of-its-kind study, researchers investigated the effects of the company’s full-spectrum wild thyme extract on gut health in overweight but otherwise healthy adults. During the 10-week prospective randomized double-blind placebo-controlled study in a parallel dose-escalation design, researchers observed positive changes in the gut microbiome composition of participants receiving 600 and 900 mg of 360GUT daily.

Specifically, the group taking wild thyme experienced a decrease in the ratio of Firmicutes to Bacteroidetes bacteria. This is significant because a high Firmicutes/Bacteroidetes ratio is often associated with obesity and metabolic issues, while a lower ratio is generally considered more beneficial for gut health. Additionally, the 360GUT group showed increases in beneficial bacteria genera such as Bifidobacterium and Lactobacillus, which are known to support digestive health and immune function. Moreover, 360GUT enhanced the production of SCFAs, especially butyrate.

A versatile and tested solution

The emergence of 360GUT as a novel prebiotic ingredient represents exciting opportunities for formulators in the natural products industry, especially as consumers seek out gut health solutions made from botanical sources at lower doses than classical fibers and starches, according to Martin Felkner, senior expert of branded ingredients at Finzelberg.

“It is very important to enrich the category and cater to the diversity of the gut microbiome,” Felkner noted. “A polyphenol-rich prebiotic source like 360GUT is beneficial to the abundance of probiotic strains and helps foster a rich and diverse ecosystem.”

Scientists at Finzelberg conducted extensive tests to ensure maximum versatility of 360GUT in different formulations, ranging from powders and capsules to gummies and liquids. For example, one experiment demonstrated that the extract maintained the viability, stability and shelf life of common bacterial strains contained in two well-distributed, leading yogurt and dairy drinks.

“This opens up many opportunities for our 360GUT as a next-generation, low-dose prebiotic to be combined with typical probiotics whilst offering a synergistic effect. We are also conducting a second clinical study in Spain to see the influence of the Mediterranean Diet on the efficacy of 360GUT and vice versa,” Suarez Rizzo said.

With its unique profile as a polyphenol-based prebiotic derived from wild thyme, 360GUT represents an innovative addition to the growing arsenal of ingredients targeting gut health and overall wellness.

Learn more about 360GUT here!

References:

1. National Institutes of Health, U.S. Department of Health and Human Services. “Opportunities and Challenges in Digestive Diseases Research: Recommendations of the National Commission on Digestive Diseases.” Bethesda, MD: National Institutes of Health; 2009. NIH Publication 08–6514.

2. Ipsos. “Most Americans are uninformed about gut health and the microbiome.” May 24, 2023.

3. McKinsey & Co. “The trends defining the $1.8 trillion global wellness market in 2024.” Jan 26, 2024.

4. Grand View Research. “Polyphenols Market Size, Share & Trends Analysis Report by Product, By Application, By Region and Segment Forecasts.” 2023 – 2030.

5. Nutrition Business Journal. 2024 Condition Specific Report.

6. Ibid McKinsey & Co.

7. Ibid. Ipsos.

8. Ibid. NBJ.

9. Gibson GR et al. “Expert consensus document: The International Scientific Association for Probiotics and Prebiotics (ISAPP) consensus statement on the definition and scope of prebiotics.” Nat Rev Gastroenterol Hepatol. 2017 Aug;14(8):491-502.

10. Rodríguez-Daza MC et al. “Polyphenol-Mediated Gut Microbiota Modulation: Toward Prebiotics and Further.” Front Nutr. 2021 Jun 28:8:689456.

11. Jalil B et al. “Wild thyme (Thymus serpyllum L.): a review of the current evidence of nutritional and preventive health benefits.” Front Nutr. 2024 May 23:11:1380962.

12. Global Prebiotic Association.





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18 10, 2024

Right-angle Triangle poised to breakout higher: Analytics and Market news from 18 October 2024 12:11

By |2024-10-18T19:45:36+03:00October 18, 2024|Forex News, News|0 Comments

  • GBP/JPY has formed a right-angle triangle which indicates a likely breakout higher. 
  • The MACD momentum indicator is diverging bearishly with price, however, suggesting a mild downside risk.  

GBP/JPY has formed a right-angle triangle which indicates a breakout higher is likely. 

Price is more likely to break above the flat edge, according to technical analysis (TA) theory, which in this case runs along the topside of the pattern. 

GBP/JPY 4-hour Chart 

A decisive breakout above the top of the triangle would activate the pattern’s first upside target at 199.59, the 61.8% Fibonacci extrapolation of the height of the triangle (at its widest point) higher. This is the usual TA method for forecasting such moves. 

One bearish sign is that the Moving Average Divergence Convergence (MACD) momentum indicator has been diverging bearishly with price during the formation of the triangle. Whilst price has made a higher high, MACD has declined. This is a mildly bearish sign. 

A decisive breakout would be one accompanied by a long green candlestick that pierced cleanly through the top of the triangle at 196.00 and closed above near its high. This, or three green candlesticks in a row that broke cleanly above the flat top of the pattern. 

 



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18 10, 2024

Dogecoin Price Prediction: Analyst Says Massive Parabolic Run Is Coming, Here’s The Target

By |2024-10-18T19:42:56+03:00October 18, 2024|Crypto News, News|0 Comments

Crypto analyst Javon Marks has predicted that the Dogecoin price will soon witness a parabolic run. This prediction follows his analysis of the meme coin’s historical performance, which he claimed could lead to a price rally of over 400%. 

Dogecoin Price To Reach All-Time High Soon Enough

Marks predicted in an X post that the Dogecoin price could reach its current all-time high (ATH) of $0.73 as it enjoys a quick 431% rally from its current price. The analyst noted that this price prediction was based on the meme coin’s price and past performances in previous cycles. In line with this, Marks believes that DOGE could be in the early stages of another parabolic run.  

Source: X

Based on Marks’ analysis, the Dogecoin price’s rally to its current ATH will likely be the start of its bull run in this cycle. The analyst predicts that the foremost will rise beyond the $0.7 price level and reach as high as $3. This isn’t the first time Javon Marks has predicted that DOGE could enjoy such a massive rally. 

Dogecoin 2
Source: X

The analyst previously predicted that Dogecoin could enjoy a 21,700% rise to $17 based on its bull market trend. He noted that Dogecoin has always enjoyed larger price gains in every successive market cycle. As such, he doesn’t expect this time to be different, with DOGE topping its last cycle’s gains in this bull run. 

Crypto analyst Dima James also recently echoed a similar sentiment, asserting that DOGE will surpass its previous gains in the last two cycles and outperform Bitcoin in the process. James also believes the Dogecoin price could reach double digits with a price target of $10 in this market cycle. 

Dogecoin Rallies Again Thanks To Elon Musk

The Dogecoin price has increased by over 7% in the last 24 hours. This price rally followed Elon Musk’s appearance at a Pennslyvania town hall, where he discussed his plans for the proposed ‘Department of Government Efficiency’ (D.O.G.E). 

DOGE continues to react positively to Musk’s mention of the D.O.G.E department because of the world’s richest man’s ties to the meme coin. Dogecoin had also rallied by over 7% on October 16 following Musk’s mention of the D.O.G.E department in an X post. 

Meanwhile, thanks to the most recent rally, DOGE reached its highest level since late July, sparking optimism that it is time for the meme coin to make its run in this market cycle. The foremost meme coin has so far underperformed compared to other top meme coins like Pepe (PEPE) and Dogwifhat (WIF). 

At the time of writing, the Dogecoin price is trading at around $0.13, up in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE price shows bullish strength | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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18 10, 2024

Elon Musk-Themed ‘X Empire’ Ends Telegram Gameplay Ahead of Airdrop

By |2024-10-18T19:30:31+03:00October 18, 2024|News, NFT News|0 Comments


As expected, X Empire—a Telegram tap-to-earn game that has amassed more than 50 million players—has completed its latest mining phase, shutting down the game ahead of next week’s X token launch on The Open Network (TON).

The brief “Chill Phase” of X Empire lasted just over two weeks, giving players a last chance to earn a larger share of tokens ahead of the planned airdrop on October 24.

This isn’t the first time that X Empire has gone through this process. The game completed its original, monthslong mining phase on September 30, with plans for the X token launch to take place soon thereafter.

But two days later, the developers said that an unexpected delay meant that they would bring back the game and allocate another 5% of the total token supply as rewards for players who engaged with the “Chill Phase.” The mini-season reset every player’s progress back to zero, turning the tap-to-earn game into a short sprint for bonus token rewards.

This time around, however, X Empire appears primed to follow through on its plans. The game plans to open up a claim window on Friday, presumably letting players choose if they’d like their airdrop allocations to be sent to a participating exchange. X Empire has said that OKX, Bybit, Bitget, KuCoin, Gate.io, and MEXC will list its X token upon launch.

“Very soon, we’ll share more about the future of the X token—where you can use it and how it fits into our growing ecosystem,” the team wrote in a Thursday post on Telegram.

The Elon Musk-themed X Empire, first launched as “Musk Empire,” is one of several popular Telegram crypto games that emerged over the past few months following the early-year success of Telegram tap-to-earn pioneer, Notcoin.

Games like Hamster Kombat and Catizen have since launched their respective tokens, leaving X Empire as one of the most prominent Telegram games that’s still on the verge of taking that step, alongside Tomarket and Major.

A new wave of Telegram games—including Captain Tsubasa: Rivals, Flappy Bird, PiP World’s Gold Rush, and CryptoKitties: All the Zen—has started to take root while games that have launched their tokens are starting to plot their next steps. Hamster Kombat, for example, will launch a new full season focused on building a thriving video game studio and platform.

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18 10, 2024

Asia’s diverse e-commerce platforms drive supplement industry growth

By |2024-10-18T18:10:29+03:00October 18, 2024|Dietary Supplements News, News|0 Comments


This was according to experts speaking at “Exploring Export Opportunities in APAC’s Booming Health and Wellness Market,” a discussion sponsored by the United Natural Products Alliance (UNPA) in partnership with the International Trade Administration, U.S. Commercial Service and WPIC Marketing and Technologies.

“Cross-border e-commerce allows dietary supplement brands to sell to consumers, bypassing traditional regulatory hurdles,” said Daniel Mabey, Asia president and director of strategic markets at UNPA. “Cross-border e-commerce utilizes free trade zones to facilitate sells onto platforms. If you’re exporting to China or other markets, your products are held in bonded warehouses and then distributed through to the users.”

Maby added that to operate a storefront on these e-commerce platforms, companies must work with a trade partner or e-commerce accelerator to navigate the ins and outs of these platforms.

In 2023, the health products market size in China was nearly $60 billion and e-commerce was 46% of this market, said Peter McMath, chief revenue officer at WPIC Marketing + Technologies, a firm dedicated to helping brands successfully enter and expand in the Asian markets through e-commerce.

“The rise of social commerce has been very dominant within mainland China, as opposed to some of the more omnichannel opportunities,” he said. “This is a very exciting market. The cross-border infrastructure allows brands to access this ultimately massive market through a handful of e-commerce channels that can be very simple to activate.”



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18 10, 2024

Soft UK inflation weighs on Pound Sterling

By |2024-10-18T17:44:22+03:00October 18, 2024|Forex News, News|0 Comments

  • The Pound Sterling hit two-month lows against the US Dollar, then rebounded.
  • GBP/USD looks to S&P Global PMIs and Bailey’s speeches for fresh trading impetus.
  • Technically, any Pound Sterling upswings could be short-lived as long as the daily RSI stays bearish.

The Pound Sterling (GBP) fell for the third consecutive week against the US Dollar (USD), as the GBP/USD pair tested levels below the 1.3000 round level for the first time since mid-August before staging a late recovery.

Pound Sterling pounded on increased BoE rate cut bets

Markets turned more dovish on the Bank of England’s (BoE) monetary policy outlook while sealing in a smaller interest-rate cut by the US Federal Reserve (Fed), thus strengthening the US Dollar’s advance at the expense of the Pound Sterling.

The annual UK Consumer Price Index (CPI) inflation fell sharply to 1.7% in September from 2.2% in August, the lowest reading since April 2021 and driven down by lower airfares and petrol prices, the Office for National Statistics (ONS) said on Wednesday. The data came in below the expected 1.9% figure. On Tuesday, the ONS said that the UK pay growth, as measured by the Average Earnings Excluding Bonus, fell below 5.0% in the three months to August.

Falling inflation and softening labor market conditions made the case for rate reductions by the BoE at a faster pace. Following these data, interest rate futures showed investors were pricing a 90% chance of two BoE quarter-point rate cuts by the end of this year, up from roughly 80% at the start of the week.

Meanwhile, the unabated demand for the US Dollar exerted downward pressure on the pair. The bets for a 25 basis points (bps) Fed rate cut next month remained unfazed despite several dovish speeches from Fed policymakers and strong US Retail Sales data, allowing the buck to build on its recovery rally. US Retail Sales rose 0.4% in September after an unrevised 0.1% gain in August, the US  Census Bureau said on Thursday. 

The USD’s upsurge has lately been sponsored by the market’s optimism that Republican nominee and former US President Donald Trump is set to win the 2024 US presidential elections. Trump’s fiscal and trade policies are seen as inflationary and positive for the Greenback.

Further, rife Middle East geopolitical tensions also contributed to the bullish momentum in the safe-haven US Dollar.  Amongst the latest Mideast developments, the Iran-backed militant group Hezbollah said it will escalate war with Israel after Israel’s Foreign Minister confirmed the killing of Hamas leader Yahya Sinwar on Thursday.

On Friday, the GBP/USD pair staged a rebound from two-month lows of 1.2974, as US Dollar buyers resorted to profit-taking after the solid performance during the week. Stronger-than-expected Britain’s Retail Sales data also aided the Pound Sterling recovery. United Kingdom Retail Sales unexpectedly rose by 0.3% in September, compared to a 0.3% decline expected, according to the latest figures from the ONS.

Week ahead: Eyes on PMIs and policymakers

Pound Sterling traders brace for a relatively data-light week, as the first half of the week is devoid of any high-impact data releases from both sides of the Atlantic.

However, the Fed and the BoE policymakers are scheduled to make their appearances, with BoE Governor Andrew Bailey due to speak on Tuesday and late Wednesday.

Thursday will feature the S&P Global preliminary Purchasing Managers Index (PMI) data for October from the US and the UK. The US Jobless Claims data will also be published on the same day. The BoE hawk Monetary Policy Committee member Catherine Mann is due to speak after Cleveland Fed President Beth Hammack’s speech.

The mid-tier US Durable Goods Orders data for September will be released on Friday, making it a quiet calendar heading into Saturday’s speech by BoE Governor Bailey.  

Apart from the data releases and the central banks’ commentaries, investors will pay close attention to the market’s pricing of the outcome of the US elections while Mid-East geopolitical developments will also be in focus.

GBP/USD: Technical Outlook

The GBP/USD pair extended the previous week’s downside break of the critical 50-day Simple Moving Average (SMA), then at 1.3101.

The extended decline tested the 100-day SMA support near 1.2960, with more downside likely on the cards, as the 14-day Relative Strength Index (RSI) holds comfortably below the 50 level, currently near 44.

Therefore, any recovery attempt in the pair is likely to be sold off unless the Pound Sterling recaptures the 50-day SMA support-turned-resistance, now at 1.3132.

The next topside barrier is seen at the 21-day SMA at 1.3188. A meaningful uptrend could unfold on a sustained move above that level, opening the door for a test of the 1.3250 psychological barrier.

Pound Sterling will then target the 1.3300 round level should the bullish momentum gain traction.

On the flip side, a daily candlestick closing below the 100-day SMA at 1.2960 could expose the 200-day SMA cap at 1.2796.

Ahead of that, the June 12 high of 1.2861 could offer temporary respite to buyers. 

 

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