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8 10, 2024

Matcha could improve sleep quality in seniors, says year-long trial

By |2024-10-08T07:42:21+03:00October 8, 2024|Dietary Supplements News, News|0 Comments


The trial, which also measured the effects of matcha green tea on cognitive functions, reported no significant improvements post-supplementation.

Findings of the study were recently published in Plos One. ​ 

A total of 99 Japanese seniors aged 60 to 85 years old took part in the 12-month trial.

These seniors have either subjective cognitive decline, meaning self-reported confusion or memory problems that have worsened in the past 12 months, or mild cognitive impairment, which is the early stage of memory loss or cognitive ability loss.

During the study, they were randomised to take nine capsules of placebo or matcha green tea. The nine capsules were equivalent to two grams of matcha green tea powder.

Two grams of matcha green tea was given for the intervention group as this is the amount consumed in the traditional Japanese tea ceremony Tea Otemae.

Each daily serve of matcha contains 170.8 mg of catechin, 48.1 mg of theanine, and 66.2 mg of caffeine. These are components which have been shown in existing studies to support sleep and cognitive function.

There are also a variety of catechins present in the matcha green tea given.

This includes 105.3 mg of EGCG, 1.5 mg of gallocatechin gallate, 20.3 mg of epicatechin gallate, 0.1 mg of catechin gallate, 33.1 mg of epigallocatechin, 1.6 mg of gallocatechin, 8.1 mg of epicatechin, and 0.8 mg of catechin.

Japanese beverage company ITO EN provided the trial materials.

The seniors’ sleep quality was assessed using the Pittsburg Sleep Quality Index (PSQI) scores, with lower score indicating better sleep quality.



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8 10, 2024

I’m a Dietitian, and These Are the Supplements I’m Buying for Cold & Flu Season During Fall Prime Day

By |2024-10-08T05:40:35+03:00October 8, 2024|Dietary Supplements News, News|0 Comments


Dotdash Meredith and Yahoo Inc. may earn commission or revenue on some items through the links below.

Save up to 49% on gummies, powders, tablets and more at Amazon.

<p>Courtesy of Brand</p>

Amazon’s October Prime Day officially kicks off tomorrow and there will be millions of deals you can—and should—take advantage of. But in addition to items like sneakers, dinnerware and other kitchen items, I suggest also stocking up on some key supplements to help you get through cold and flu season.

I’m taking advantage of October Prime Day to re-stock my supply of the supplements I put into rotation during cold and flu season. This way, I can pump up my immune system before illness-inducing germs cross my path. And for the supplements that I take when I start to feel sick, I’ll already have them on hand and ready to take.

Bold Botanica Bold Elderberry Elixir

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/hXrEjs4OfgovthCKPpmIkA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/9a518b43f90375b876a6f7c274f182c5><pAmazon src=https://s.yimg.com/ny/api/res/1.2/hXrEjs4OfgovthCKPpmIkA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/9a518b43f90375b876a6f7c274f182c5 class=caas-img>

Bold opinion here, but if there’s one supplement you should add to your arsenal for cold and flu season, it’s an elderberry syrup. And of the elderberry options out there, this is hands-down my favorite. Not only is it the most potent elderberry syrup we recommend, but it’s also sugar-free. Elderberry is a supplement that you can take every day, and then if/when you get sick, you can increase your dosage. Elderberry’s anti-inflammatory properties help your immune system work more effectively when you’re sick—and research suggests it can ease the severity of your symptoms up to 50%.

Mary Ruth’s Vitamin D3 Gummies

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/vqsVw.3tc0cKuH6aTgZMlw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/c8c5fa9d1d6f4531bc188b6fe65146a2><pAmazon src=https://s.yimg.com/ny/api/res/1.2/vqsVw.3tc0cKuH6aTgZMlw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/c8c5fa9d1d6f4531bc188b6fe65146a2 class=caas-img>

Vitamin D does more than just help strengthen bones—it also plays a role in regulating your immune function and reducing inflammation. But many of us fall short on vitamin D, so a supplement can be hugely helpful. I like to supplement with vitamin D year-round and these gummies are the easiest way for me to keep my kids’ D levels where they need to be, especially during cold and flu season.

Nature Made Super C with Vitamin D3 and Zinc

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/1YSwOhauzJtlNH2uZKG5tg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/a72496739b31c6758cac6d1cee6913ce><pAmazon src=https://s.yimg.com/ny/api/res/1.2/1YSwOhauzJtlNH2uZKG5tg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/a72496739b31c6758cac6d1cee6913ce class=caas-img>

Vitamin C has always had a reputation as an immune-booster—and rightfully so. Research shows that doubling down on vitamin C at the onset of any sickness can shorten the duration of your illness. I like this particular vitamin C supplement because a single serving delivers 1000% of my daily dose of C, plus gives me healthy doses of vitamins D and E and zinc.

Nordic Naturals Vitamin C Gummies

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/zP1Cgh443QKhu9_hHDKT8g–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/8ce3d01a60e1d1503c403332c42724ca><pAmazon src=https://s.yimg.com/ny/api/res/1.2/zP1Cgh443QKhu9_hHDKT8g–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/8ce3d01a60e1d1503c403332c42724ca class=caas-img>

Sure, the savings aren’t that significant here, but I couldn’t put together my recommendations without including this vitamin C gummy. My kids love the flavor of this Nordic Naturals gummy. I am partial to it (even though it contains added sugars) because it’s free from artificial flavors and colors, which is something I watch out for with one of my daughters.

Life’s First Naturals Colostrum Powder

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/mQFx5zRikg92bO6jE4yMAA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/b94c62afce3ed2b5ce345d59ca8cf199><pAmazon src=https://s.yimg.com/ny/api/res/1.2/mQFx5zRikg92bO6jE4yMAA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/b94c62afce3ed2b5ce345d59ca8cf199 class=caas-img>

You’ve probably seen colostrum supplements advertised on social media. I know I can’t escape them—and truthfully it made me a little skeptical of colostrum’s benefits. But when I looked at the research I was surprised to read that colostrum has been shown to cut your risk of getting the flu and reduce the severity of stomach bug-like illnesses. So this is a supplement (like elderberry) that I’ve added to my daily routine to keep winter illness at bay as best as possible.

LMNT Zero Sugar Electrolytes

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/.XK2X4raEArY37db1zewsg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/60fdffd8d779bbfaf3266998ac416ab3><pAmazon src=https://s.yimg.com/ny/api/res/1.2/.XK2X4raEArY37db1zewsg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/60fdffd8d779bbfaf3266998ac416ab3 class=caas-img>

When you’re sick, especially if you have a fever, it’s important to stay hydrated. And while you don’t have to use an electrolyte powder in your water, adding some flavor could help you drink more fluids. When we put this drink to the test in our test kitchen, we loved how quickly the LMNT powder dissolved in water. It does have a strong salty flavor to it, though, and some tasters didn’t care for that. But that’s one of the reasons I love LMNT so much.

Natural Vitality Calm Drink Mix Packets

<pAmazon src=https://s.yimg.com/ny/api/res/1.2/bSVM2UaRVdkONRf5W4J6AA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/1df43f0c268e69e40f582f115e3cf232><pAmazon src=https://s.yimg.com/ny/api/res/1.2/bSVM2UaRVdkONRf5W4J6AA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04Mjk-/https://media.zenfs.com/en/aol_eating_well_articles_739/1df43f0c268e69e40f582f115e3cf232 class=caas-img>

A good night’s rest is vital for a healthy immune system, and experts say that magnesium may help you sleep better. There are a lot of magnesium supplements available (so choose what’s best for you), but this particular drink mix works for everyone in my house, which is why I like to keep it on hand.

Read the original article on Eating Well.



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8 10, 2024

Dogecoin Price Prediction: DOGE To Hold $0.10 Before Rallying 50% – Here Are 2 Altcoins Likely To Outperform That

By |2024-10-08T05:02:54+03:00October 8, 2024|Crypto News, News|0 Comments

The meme market looks set for a supercharged close to 2024, as investors in the O.G. dog token Dogecoin (DOGE), hope for a stunning run in Q4.

Flare (FLR) has recently corrected after a bullish month, while the Rollblock (RBLK) presale continues to attract massive inflows as experts predict jaw-dropping 100x moves this cycle. Let’s dig in!

Dogecoin (DOGE) Bounces Back From Key Support

Dogecoin looks to have finally flipped the $0.10 resistance level to support, an incredibly bullish move for Dogecoin going forward. Dogecoin recently broke out from a downward diagonal channel, ending months of frustrating price action for Dogecoin holders.

Dogecoin recently hit $0.126, before meeting resistance at the 200-day moving average. Current Dogecoin levels look like a decent buy zone, although traders would be advised to set stop losses at around $0.09 in case of a pullback for Dogecoin.

Has Flare (FLR) Firing Lost Its Spark At $0.015?

Flare investors have enjoyed gains of over 6% this month as Flare finds a footing around $0.015. Flare recently hit the heights of $0.018, before cooling off this week and falling around 1.6%.

Since the pump, Flare trading volume has fallen away by 61% as a paltry $13.6 million of Flare changed hands on exchanges today. This could be a sign that Flare investors have packed up and moved on to newer coins with more potential to outperform Flare’s price action in the near term.

Rollblock (RBLK) Takes On Traditional Casinos With Blockchain Tech

Rollblock (RBLK) has climbed the ranks of promising crypto presales to become the hottest ticket in town, as over 16,000 early adopters have scrambled to take positions in this disruptive DeFi startup. Rollblock is accelerating through stage 7 and will likely see further price hikes in the coming days as whales continue to gobble up this promising crypto Casino gem.

The casino runs smoothly in a regular web browser as there is nothing to download or install. Once players have loaded their wallets with one of over 20 accepted cryptocurrencies, they can take advantage of a stunning 100% deposit bonus that will double their holdings of RBLK in an instant.

Rollblock offers many web3-based advantages to the $450 billion gambling sector, by inscribing old transactions on-chain and removing any suspicions of bet tampering. Being 100% crypto-native also means that Rollblock can offer fully anonymous and secure onboarding, with no cumbersome KYC checks required from new recruits.

RBLK is set for crypto superstardom this year thanks to its unparalleled utility and deflationary supply issuance. This will bring down its hard cap of a billion coins, as casino profits will be used to reinvest back into the community by buying millions of tokens each week. Half of these coins will be burned from supply and the rest will be allocated to staking rewards of up to 30%.

Holders of Dogecoin and Flare should avoid feeling the FOMO by grabbing a stack at the low price of $0.03 before the predicted 100x move!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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8 10, 2024

Japanese Yen Forecast: USD/JPY Eyes 150 as BoJ Awaits Household Spending Data

By |2024-10-08T03:06:39+03:00October 8, 2024|Forex News, News|0 Comments

Later in the Tuesday session, the RCM/TIPP Economic Optimism Index could impact US dollar demand. Economists predict the Index will increase from 46.1 in September to 47.2 in October. A higher-than-expected reading could bolster expectations of a resilient US economy, reducing bets on a recession.

Stronger consumer sentiment toward the US economy could lead to increased consumer spending. Upward trends in consumer spending may push consumer prices higher, possibly dampening bets on multiple Q4 2024 Fed rate cuts.

Better-than-expected data may signal a USD/JPY move closer to 150.

Additionally, FOMC member speeches could also move the dial. Investors should consider reactions to the latest US US Jobs Report and forward guidance on monetary policy.

Short-term Forecast for USD/JPY

USD/JPY trends will likely hinge on Japan’s data, including today’s stats, producer prices (Thurs), the Reuters Tankan Index (Fri), and BoJ commentary. Better-than-expected figures could reignite bets on a Q4 2024 BoJ rate hike. However, the upcoming US CPI Report is crucial. Softer-than-expected US inflation may renew bets on aggressive Fed rate cuts, possibly sending the USD/JPY toward 147.5.

Traders should stay vigilant as monetary policy chatter and Japan’s economic data will impact trading USD/JPY strategies. Monitor real-time data, central bank views, and expert commentary to adjust your trading strategies accordingly. Stay ahead of the market with our expert insights.

USD/JPY Technical Analysis

Daily Chart

The USD/JPY remains above the 50-day EMA while hovering below the 200-day EMA, affirming bullish near-term but bearish longer-term price signals.

A USD/JPY breakout from the 148.529 resistance level would support a move toward the 200-day EMA. Furthermore, a break above the 200-day EMA could give the bulls a run at 150.

Japan’s household spending, wages, and central bank commentary require consideration.

Conversely, a drop below the 147.500 level could give the bears a run at the 50-day EMA and the 145.891 support level.

The 14-day RSI at 62.08 indicates a USD/JPY move to the 200-day EMA before entering overbought territory.

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8 10, 2024

Solana Weekly Price Prediction: Can SOL Reclaim $160?

By |2024-10-08T03:00:46+03:00October 8, 2024|Crypto News, News|0 Comments

Solana (SOL) seems to be recovering after its dip to the $134 level last week. The asset is up by 1.9% in the daily charts, 1.2% in the 14-day charts, 15% over the previous month, and 521.4% since October 2023. Despite the rally, SOL is still down by 5.5% in the weekly charts. This price prediction article will discuss if the popular cryptocurrency can reclaim $160 this week.

Also Read: Cryptocurrency: Neiro Hits All-Time High Today, Will It Continue?

Factors Influencing Solana’s Price Movement

Solana Weekly Price Prediction: Can SOL Reclaim 0?
Source: CoinGecko

Why Is The Cryptocurrency Up Today?

Solana’s (SOL) rally follows the trend of market resurgence. Bitcoin (BTC) has reclaimed the $63,000 level after falling to the $60,000 mark last week. The inflows could be due to increasing investor sentiment after Friday’s positive US jobs data revelation.

October, a bullish month for the cryptocurrency sector, may have led to investors’ bullishness. SOL and other cryptocurrencies may be on the verge of another rally.

Also Read: US Stocks: Amazon Emerges As The Next Best Share, May Hit $224 Soon

Impact Of Federal Reserve’s Interest Rate Cuts

The Federal Reserve may also cut interest rates by another 25 basis points in November of this year, which may have boosted investor sentiment. Interest rate cuts usually lead to investors taking on more risks.

Solana Weekly Price Prediction

According to the analysts at CoinCodex, SOL will reclaim the $150 mark this week but will not hit the $160 level until at least Oct. 24, 2024. The platform anticipates SOL gaining momentum in the second half of this month, hitting a high of $170.11 on Oct. 29, 2024. Reaching $170.11 from current price levels will translate to a rally of about 16.23%.

Solana Price PredictionSolana Price Prediction
Source: CoinCodex

Also Read: Here’s When Dogecoin (DOGE) Will Hit 20 Cents

There is also a possibility that Solana (SOL) will face a correction over the next few weeks. The rising geopolitical tension in the Middle East may hamper investor confidence, leading to lower inflows into the crypto market.

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8 10, 2024

ADA and BNB Price Prediction for October 7

By |2024-10-08T00:59:23+03:00October 8, 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.

Most of the coins keep trading in the green zone, according to CoinStats.

Article image
Top coins by CoinStats

ADA/USD

The rate of Cardano (ADA) has risen by 2.14% over the last 24 hours.

Article image
Image by TradingView

Despite today’s growth, the price of ADA is looking bearish on the daily chart. 

Related

DOGE Price Prediction for October 6

If the situation does not change by the end of the day, the correction may continue to the $0.35 range soon.

ADA is trading at $0.3563 at press time.

BNB/USD

Binance Coin (BNB) has followed the rise of ADA, going up by 1.47%.

Article image
Image by TradingView

On the daily chart, the rate of BNB is far from key levels. The volume keeps falling, which means neither bulls nor bears are ready for a sharp move. In this case, ongoing consolidation in the area of $560-$580 is the more likely scenario.

BNB is trading at $571.2 at press time.

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7 10, 2024

I Swapped My Coffee With Matcha for Two Weeks, and the Results Seriously Surprised Me

By |2024-10-07T23:37:14+03:00October 7, 2024|Dietary Supplements News, News|0 Comments


Matcha may have been used in traditional tea ceremonies in Japan since the seventh century, but today you’re more likely to see the green tea’s Instagrammable froth all over your feed. However, matcha can do a lot more than just look pretty—many drink it as a healthier alternative to coffee.

“Matcha green tea and coffee both offer a range of health benefits, along with some potential harms, particularly when consumed in large amounts or by those with sensitivities,” says Tamar Samuels, MS, RD, and the cofounder of Culina Health. “Generally speaking, matcha is a healthy alternative to coffee and may be better tolerated by those that are sensitive to compounds found in coffee.”

I’ve been thinking about radically reducing my coffee consumption lately, and I wanted to experience these supposed health benefits of matcha myself. So I decided to give up my beloved oat milk cappuccino for two weeks and opt for a matcha latte instead.

What is matcha?

Matcha is a finely ground powder made from the green tea leaves of the Camellia sinensis plant, which grows in the shade. The tea gets its bright green color from the high chlorophyll content, which is supposedly what creates a wealth of nutrients.

In contrast to conventional green tea, the whole leaf is consumed with matcha, which is what allows the full potential of antioxidants, vitamins, and minerals to be extracted. Matcha also contains caffeine—but its high L-theanine levels supposedly provide a lasting, gentle alertness without the typical jitteriness that coffee can cause.

What are the benefits of matcha?

“Recent research has begun to shed light on the various health benefits associated with matcha green tea, including its role in potentially enhancing antioxidant activity, supporting metabolic health, and improving cognitive function,” Samuels says.

One of the most significant benefits of drinking matcha green tea is that it’s rich in antioxidants. “These help combat oxidative stress and inflammation, which are linked to numerous chronic diseases,” Samuels says, adding that regular matcha consumption also has potential cardio and metabolic benefits like improved glucose and lipid profiles, reduced inflammation, and decreased weight gain.

“Cognitive function is another area where matcha appears to have a positive impact,” she says. “Research suggests that matcha may offer protective effects against cognitive decline, particularly in elderly women. This benefit is likely attributed to its high content of catechins, lutein, and vitamin K, which are known for their neuroprotective properties.”

However, Samuels notes, while all this research is certainly promising, there hasn’t been enough to make any definitive recommendations. And though green tea is typically safe to drink, keep in mind that it does contain caffeine. “Excessive intake may lead to difficulty sleeping, headaches, and feelings of jitteriness or shakiness,” Samuels says.

Tips for making the switch from coffee to matcha from an expert

I tried to change my habit overnight, which didn’t go so well for me. (More on that in a minute.) It turns out, a gradual switch from coffee to matcha is even better, according to matcha expert Louisa Birkhahn, founder of Matcha Union. These are her tips for a seven-day coffee detox:



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7 10, 2024

GBP/USD Analysis Today 07/10: Reaching 1.30 Support (Chart)

By |2024-10-07T23:05:58+03:00October 7, 2024|Forex News, News|0 Comments

  • In recent trading sessions, the GBP/USD exchange rate has fallen to its lowest level since mid-September at the 1.3070 support level after reports indicated that the US economy added 254,000 non-farm jobs in September, exceeding expectations of a reading of 147,000 jobs.
  • The report from the US Bureau of Labor Statistics was strong across the board, with August’s report showing a significant improvement from 142,000 jobs to 159,000 jobs.
  • Also, the unemployment rate fell from 4.2% to 4.1%.

Currently, financial markets are having their doubts as the Bureau of Labor Statistics’ expectations gauge shows that investors now see only a 5% chance of a 50-basis point cut in November. Overall, softening expectations for cuts, in turn, boosts US bond yields and the dollar.

The US jobs data comes a day after Bank of England Governor Andrew Bailey indicated that the central bank could now accelerate the pace of interest rate cuts. We noted that his shift came despite the scarcity of data supporting it. Instead, it seemed as if the governor saw the Federal Reserve’s 50-basis point cut in September and the recent hint from the European Central Bank to cut interest rates for the second time in October as providing the necessary cover to accelerate interest rate cuts. Overall, this US data and subsequent market developments expose the cover of Bank of England Governor Bailey.

What will the Bank of England do next?

The Bank of England will have to continue raising interest rates at a quarterly pace, even if its governor wants to speed up the process. A day after Bank of England Governor Andrew Bailey signalled that he wants to speed up the pace of the central bank’s rate cuts, the US economy has reacted strongly. The US economy added 254,000 nonfarm jobs in September, beating expectations of 147,000, and dashing expectations of another 50-basis point rate cut by the Federal Reserve in November.

This 50-basis point cut is considered important for the Bank of England and other global central banks that are looking for cover from the Federal Reserve to cut their own interest rates. Commenting on this, Karl Schamotta, chief market analyst at Corpay, said: “The ‘no landing’ scenario for the United States has suddenly become more likely, suggesting that expectations of aggressive monetary easing in most major economies should be scaled back.”

The US jobs data comes a day after Bailey signalled that the bank could step up the pace of rate cuts, saying the bank could be more “active” on the matter. The shift came despite a lack of fresh economic data that would prompt such a comment. Instead, it appeared that the governor saw the Fed’s 50 basis point cut in September and the recent signal from the European Central Bank that it would accelerate cuts as providing cover for a change of tactic.

Earlier on Friday, the Bank of England’s chief economist said he thought it was prudent for the bank to proceed with caution. Bell said he remained “concerned about the possibility of structural changes that support more sustained inflationary pressures” in the UK economy. Speaking to accountants at the Institute of Chartered Accountants in England and Wales, Bell said his latest economic modelling told him there were “reasons for caution in assessing the dissipation of persistent inflation”. He added, “further cuts in bank interest rates remain possible if the economic and inflationary outlook evolves broadly as expected”, but that “it will be important to guard against the risk of interest rates being cut either too much or too quickly”. he concluded, “For me, the need for such caution suggests a gradual withdrawal of the constraints on monetary policy,”

Technical forecasts for the GBP/USD pair today:

According to the performance on the daily chart, there is a real break in the direction of the GBP/USD price and the bearish shift will be strengthened if prices move towards the support levels of 1.3090 and 1.2980 respectively. Technically, breaking the psychological support of 1.30 is possible if the US inflation figures this week come stronger than all expectations, as happened with the US jobs figures last week. Thus, the recent performance confirms the strength of our recommendations to sell the GBP/USD from every upward level. Currently, the closest resistance levels are 1.3230 and 1.3300 respectively.

Ready to trade our Forex GBP/USD daily forecast? We’ve shortlisted the best regulated forex brokers UK in the industry for you. 

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7 10, 2024

BTC, ETH and XRP Price Prediction for October 7 — TradingView News

By |2024-10-07T22:57:12+03:00October 7, 2024|Crypto News, News|0 Comments

A new week has started positively for most of the coins, according to CoinMarketCap.Top coins by CoinMarketCap

BTCUSD

The rate of Bitcoin BTCUSD has increased by 1.55% over the last 24 hours.Image by TradingView

On the daily chart, the price of BTC is rising after yesterday’s bullish closure. However, if today’s candle closes far from its peak, the further upward move might be postponed due to a lack of buyers’ energy.

Bitcoin is trading at $62,952 at press time.

ETHUSD

Ethereum ETHUSD has followed the growth of BTC, rising by 1.81%.Image by TradingView

The price of ETH has made a false breakout of the resistance of $2,499. If buyers cannot seize the initiative by the end of the day, one can expect a correction to the $2,400-$2,450 range.

Ethereum is trading at $2,470 at press time.

XRPUSD

XRP is not an exception to the rule, going up by almost 1%.Image by TradingView

From the technical point of view, the rate of XRP is trading similarly to ETH. Its price has bounced off the resistance level of $0.5445. 

Until it is below that mark, traders may witness a drop to the $0.53 zone by the end of the week.

XRP is trading at $0.5369 at press time.

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7 10, 2024

XAG/USD tumbles below $32 on blowout US jobs data

By |2024-10-07T22:33:25+03:00October 7, 2024|Forex News, News|0 Comments


  • Silver price falls sharply below $32.00 as US bond yields rise further.
  • Surprisingly upbeat US NFP data forced traders to pare Fed large rate cut bets.
  • Middle East tensions are expected to offer support to the Silver price.

Silver price (XAG/USD) extends its downside below $32.00 in Monday’s European session. The white metal weakens as the US bond yields rise further, given that the likelihood of the Federal Reserve (Fed) delivering another larger-than-usual 50 basis points (bps) interest rate cut in November has gone off the table.

10-year US Treasury yields jump slightly above 4%. Higher yields on interest-bearing assets reduce the opportunity cost of holding an investment in non-yielding assets, such as Silver. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, clings to gains near 102.50.

However, the Silver is unlikely to turn extremely bearish amid growing tensions between Iran and Israel. Historically, geopolitical tensions improve demand for precious metals as a safe haven.

Market speculation for Fed large rate cuts waned after the United States (US) employment report for September showed strong labor demand and robust wage growth. Traders are pricing a Fed 25 bps interest rate cut in November, according to the CME FedWatch tool.

Upbeat labor market data has diminished fears of an economic slowdown, which forced traders to be bet for a second consecutive 50 bps interest rate cut in September.

Going forward, the next move in the Silver price will be influenced by the US Consumer Price Index (CPI) data for September, which will be published on Thursday. Economists expect the core CPI – which excludes volatile food and energy prices – to have grown steadily by 3.2%.

Silver technical analysis

Silver price continues to face pressure near the horizontal resistance plotted from the May 20 high of $32.50 on a daily timeframe. The white metal strives for more upside as the outlook is upbeat due to upward-sloping 20 and 50-day Exponential Moving Averages (EMAs), which trade around $31.00 and $30.00, respectively.

The 14-day Relative Strength Index (RSI) remains in the bullish range of 60.00-80.00, suggesting more upside ahead.

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.

 



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