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20 01, 2025

FTSE, USD/JPY Forecast: Two trades to watch

By |2025-01-20T19:10:25+02:00January 20, 2025|Forex News, News|0 Comments

FTSE rises to fresh record highs

  • Attention is on Trump’s policy changes
  • Rightmove data shows strong house price growth
  • GBP/USD remains bellow 1.22
  • FTSE rises to 8515

The Betsy has risen to a new record high, rising about Friday and closing at 8505, the previous record. The index was led higher by a broad range of sectors, including miners, banks, and utilities.

The FTSE 100 is supported after soft data last week, which reassured expectations that the Bank of England could cut interest rates more aggressively than the 1 cut the market had priced in.

GBP/US struggles below 1.22 at the multi-year low, which fits the multinationals that make up the large majority of the FTSE index.

Attention is on Donald Trump’s second inauguration and the measures he will implement immediately. While the UK isn’t necessarily in line for a direct hit from trade tariffs, it will likely be impacted indirectly should Trump adopt an aggressive stance. The US stock market is closed today.

The UK economic calendar is quiet, and figures from Rightmove have failed to buoy the house-building sector. Average asking prices for newly listed homes in the UK have seen the biggest start-of-the-year increase since 2020. According to Rightmove, the average price rose by 1.7% between December 8th and January 11th compared to the same period a year ago.

While the housing market gained some momentum on hopes that borrowing costs would continue to fall, the uncertainties surrounding BoE could limit gains going forward. The market is pricing two 25 basis point cuts this year, up from one at the start of last week. However, the BoE has guided towards four rate cuts.

FTSE forecast – technical analysis

The FTSE has broken out of range, rising above 8490 to fresh all-time highs. With blue skies above, buyers could consider the 8600 round number.

However, the RSI is very overbought, so buyers should be cautious some consolidation could be on the cards. Immediate support is at 8490 and 8400 below here. Should sellers take out 8325, the price returns to the familiar range within which it traded for much of the past 9-months.

USD/JPY holds steady in cautious trade ahead of Trump’s inauguration

  • Attention is squarely on Trump’s inauguration
  • BoJ could cut rates this week
  • USD/JPY recovers from 155 support

USD/JPY is holding steady at the start of the new week as investors await cautiously ahead of chumps inauguration. President-elect Donald Trump is expected to make a flurry of policy announcements in the first hours of his second presidency. Meanwhile, the Bank of Japan is expected to hike interest rates at the end of the week.

Trump will take the oath at noon Eastern Time (19:00 GMT). He is expected to sign a slew of executive orders that will set the tone for his presidency. Monday is a US holiday, with stock markets closed for Martin Luther King Day. So, the forex market will see an immediate reaction to his inauguration pledges, while the stock markets will likely react when they open on Tuesday.

Where the US dollar goes from here greatly depends on how aggressively Trump implements trade tariffs and tax cuts. These measures are inflationary.  The USD has rallied on expectations of few rate cuts since Trump’s victory. Any sense of a more relaxed approach could pull the US dollar lower.

The USD fell last week after weaker-than-expected underlying US inflation saw the market ramp up Fed rate cut expectations. Dovish comments from Federal Reserve governor Christopher Waller also weighed on the USD.

The yen rallied last week on hints from the BoJ that a rate hike could be discussed at this week’s BoJ rate meeting.

Before the BoJ meeting on Friday, Japanese inflation data will be released.

Get our exclusive guide to USD/JPY trading in 2025

USD/JPY forecast -technical analysis

USD/JPY eased back from a six-month high of 158.90 reached last week before finding support at 155.00, around the 50 SMA. The price holds steady around 156.20, while the RSI gives away few clues at its neutral level.

Buyers will need to rise above 156.20 and 157.00, the 78.6% Fib retracement level, to bring 158.90 into focus. A rise above here is needed to create a higher high and turn attention to 160.00.

Support is seen at 155.00, ahead of 154, the rising trendline dating back to 2022, and 153.30, the 61.8% fib retracement.

usd/jpy forecast chart

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20 01, 2025

Are soft chews the next gummy?

By |2025-01-20T19:08:15+02:00January 20, 2025|Dietary Supplements News, News|0 Comments


But there appears to be a new favorite format in town that’s taking shape: soft chews.

“While it is true that, as a delivery form, gummies have enjoyed enormous trending popularity over the past several years, the trend seems to be slowing down,” said Gene Bruno, an award-winning formulator and chief scientific officer at Nutraland USA.

“SPINS data shows that, as of September 2024, sales of gummy products have decreased by 6.1%. That being said, soft chews may be the next big confectionary delivery form for dietary supplements.”

Data to chew on

While gummies sales seem to be decreasing slightly, chews are seeing a major uptick.

Market research collected by SPINS shows that soft chew sales in 2024 were up 41% for the 52 weeks leading up to Dec. 24, 2024, going from $73.3 million in 2023 to $103.4 million in 2024.

Major chew subcategories that saw the biggest boost are immune supplements (+200%); Vitamins A, D and K for bone health (+169%); and cognitive health supplements (+78%).

“Sales of non-pill supplements are on the rise and projected to continue increasing over the coming years,” said Catherine Nardone, global marketing director of ConCordix, which has over 40 patents on its Smart Chews technology.

“The chewable supplement market is expanding. We are witnessing the emergence of innovative delivery systems as manufacturers recognize the ongoing consumer demand for an improved supplementation experience.”

Soft chews ‘fastest growing of any format’

Vitux, which owns the patents on Concordix Smart Chews Technology, had to expand its operations in 2023 in order to keep up with demand for the chews. Vitux opened its first location in North America with a production facility in Windsor, Canada. The Smart Chews are now used in an expanding list of products that include ingredients like omega-3s and vitamins for need states such as immune support, beauty, vision and more.

Brent Eck is CEO of FoodPharma, a manufacturer that has an annual capacity of over 2 billion soft chews. He said retail scan data–information collected when a product’s barcode is scanned at a point of sale–indicated that soft chews are not only the fastest growing enjoyable format in VMS today but the fastest growing of any format.

“A few large VMS brands have invested in differentiating their products with consumers by offering our unique soft chew delivery format,” he said.

“And based on the growth those brands are experiencing, it’s clear that consumers love taking their soft chews daily. Enjoyable formats like soft chews deliver above-average conversion, retention and lifetime value for the brands that invest in them, so the ROI is there for any brand to hop in.”

Formulating: Chews vs gummies

Parents often criticize gummies for simply being candy in disguise. The critique may not be too far off—because according to Nardone, gummies are fortified candies that were never specifically designed for the delivery and absorption of nutrients. For formulators however, the sugar serves a functional purpose beyond taste.

“Sugar helps the gummy maintain its form,” Nardone said, adding that although more sugar-free gummies have become available, if sugar is not used, another filler may be necessary in order to manufacture the gummy.

From a manufacturing standpoint, soft chews offer more stability, efficacious dosing and typically a longer shelf-life.

“Soft chews allow for nearly double the active load of your average gummy, are less sensitive to the pH of the active, allow for many more flavors (indulgent as well as fruity) and flavor masking options, and due to being individually wrapped are much more resistant to some of the melting issues some brands experience especially when shipping to consumers directly,” Eck said.

Bruno said that like gummies, soft chews are available in different flavors and can easily contain masking agents to compensate for undesirable tastes associated with certain nutraceuticals.

“Where soft chews differ is that they are larger and denser, and so may be able to accommodate higher doses of actives than gummies,” he added. “They can also be individually wrapped (like a Starburst), making it easy to toss a single chew in your pocket or purse for convenient same day use.”

As consumers seek out higher nutrient content, individually-wrapped convenience and new innovations, we can expect to keep finding soft chews tagging along in pockets, purses and beyond as the format continues to attract consumers.



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20 01, 2025

BTC price nears $110K after Trump Bitcoin reserve odds spike to 60%

By |2025-01-20T19:06:11+02:00January 20, 2025|Crypto News, News|0 Comments

Bitcoin spiked to new all-time highs on Jan. 20 as analysis warned of a BTC price reversal and the possibility of President-elect Donald Trump “creating a Bitcoin reserve in first 100 days” spiked on Polymarket.

BTC/USD 1-day chart. Source: Cointelegraph/TradingView

Bitcoin traders risk it all at new all-time highs

Data from Cointelegraph Markets Pro and TradingView confirmed a new Bitcoin (BTC $107,396) record high of $109,356 on Bitstamp.

Coming on the back of broad volatility across crypto markets, the return to price discovery took daily gains over 8%.

BTC

Source: Miles Deutscher

The weekly close had seen a dip below the $100,000 mark as a mixture of confusion and suspicious moves accompanied the controversial memecoin associated with Trump.

Trump’s inauguration set the tone for more instability on the day. Pro-crypto policy announcements and new all-time highs had long been anticipated.

For trader Skew, however, the writing was on the wall.

“Price testing supply here,” he wrote in ongoing commentary on X.

Potentially front running tomorrow to create exit liquidity.

Chart

BTC/USDT order book data for Binance. Source: Skew/X

An accompanying chart showed liquidity conditions on major exchange Binance, with Skew implying that late buyers, seeing the new highs, could end up “stuck” at those new peak levels as the market reverses downhill.

Signs of pain were already visible in liquidation data, with crypto longs alone unwinding to the tune of nearly $1 billion in the 24 hours to the time of writing.

BTC price breakout “doesn’t get much cleaner”

Other market participants’ reactions agreed that Bitcoin may be trading on undisclosed information, possibly involving the Trump administration’s vow to create a strategic reserve using both BTC and certain altcoins.

Data from prediction service Polymarket put the odds of this becoming a reality at over 50% on the day.

Chart

Source: Polymarket

“Someone clearly knows something on $btc,” crypto influencer hedgedhog argued, like Skew noting “huge” supply creating a hurdle for bulls at $110,000.

“$110K supply remains with added ask liquidity around $109K,” Skew added in a subsequent update.

Market providing liquidity for higher here, let’s see if this sizeable buyer can crack it.

Chart

BTC/USDT order book data for Binance. Source: Skew/X

A confident IncomeSharks praised the way in which BTC/USD broke out of its consolidation range in place for the past month.

“Doesn’t get much cleaner than that,” the trader told X followers.

Chart

BTC/USD 1-day chart. Source: IncomeSharks/X


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20 01, 2025

Euro buyers remain hopeful ahead of Trump’s inauguration

By |2025-01-20T17:09:19+02:00January 20, 2025|Forex News, News|0 Comments

  • EUR/USD clings to daily gains above 1.0300 heading into the American session.
  • The technical picture highlights a buildup of bullish momentum in the near term.
  • Investors await comments from Donald Trump at the inauguration ceremony.

EUR/USD started the week on a firm footing and climbed above 1.0300. The upbeat market mood makes it difficult for the US Dollar (USD) to stay resilient against its rivals and allows the pair to continue to stretch higher.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.44% -0.25% 0.09% -0.05% -0.24% -0.25% 0.08%
EUR 0.44%   0.14% 0.44% 0.28% 0.26% 0.08% 0.40%
GBP 0.25% -0.14%   0.25% 0.13% 0.13% -0.06% 0.26%
JPY -0.09% -0.44% -0.25%   -0.14% -0.30% -0.45% -0.19%
CAD 0.05% -0.28% -0.13% 0.14%   -0.13% -0.20% 0.12%
AUD 0.24% -0.26% -0.13% 0.30% 0.13%   -0.27% 0.07%
NZD 0.25% -0.08% 0.06% 0.45% 0.20% 0.27%   0.14%
CHF -0.08% -0.40% -0.26% 0.19% -0.12% -0.07% -0.14%  

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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Stock and bond markets in the United States (US) will be closed in observance of the Martin Luther King Jr. Day holiday on Monday. Hence, EUR/USD’s action could remain subdued in the first half of the American session. Later in the day, Donald Trump will deliver a speech at his inauguration ceremony.

Investors remain optimistic about Trump’s refraining from introducing an aggressive tariff policy right away. On his call with Chinese President Xi Jinping, Trump said: “It is my expectation that we will solve many problems together, and starting immediately.”

Earlier in the day, the data from Germany showed that the Producer Price Index (PPI) declined by 0.1% on a monthly basis in December, against the market expectation for an increase of 0.3%. This data, however, failed to trigger a noticeable market reaction.

On Tuesday, the ZEW Survey – Economic Sentiment for the Euro area and Germany will be scrutinized by investors. 

EUR/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 60, reflecting a buildup of bullish momentum. At the time of press, EUR/USD was trading at around 1.0325, where the 100-period Simple Moving Average (SMA) is located. Once the pair rises above this level and confirms it as support, technical buyers could remain interested. In this scenario, 1.0390-1.0400 (Fibonacci 50% retracement of the latest downtrend, 200-period SMA) could be seen as the next bullish target before 1.0440 (Fibonacci 61.8% retracement).

On the downside, first support could be spotted at 1.0290-1.0300 (50-period SMA; 20-period SMA, Fibonacci 23.6% retracement) ahead of 1.0250 (static level) and 1.0200 (end-point of the downtrend).

Euro FAQs

The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro 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 then its currency will gain in value 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.

 

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20 01, 2025

5 Best Biotin Supplements for Hair Growth 2025

By |2025-01-20T17:07:08+02:00January 20, 2025|Dietary Supplements News, News|0 Comments


If you’re like us, your FYP is probably flooded by folks swearing by biotin supplements for hair growth, but do they work?

First, a bit of background: Biotin is a B vitamin known for promoting healthy hair and helping with brittle nails. It’s essential for the process by which cells create proteins. “Since our hair and nails are made of keratin, a type of structural protein, a biotin deficiency will negatively impact hair and nail growth,” says Kseniya Kobets, director of cosmetics dermatology at Montefiore Einstein Advanced Care. One major symptom of biotin deficiency is alopecia (hair loss). But here’s the kicker: if you aren’t deficient in biotin (most people aren’t, FYI), taking biotin supplements probably won’t do much for you. The data on taking biotin to help grow your hair, skin, and nails just isn’t there. But anecdotally, many reviewers we spoke to say saw improvements in these areas after taking biotin — even when they’re not deficient.

So, what’s a gal looking to grow her strands to do? We spoke with dermatologists and dieticians for their recommendations on the best biotin supplements for hair growth. And a quick reminder that supplements are not always regulated, so it’s always best to do your own research and check in with a doctor before adding one to your diet, especially if you take any medications.


All your biotin questions, answered

Biotin goes by two other names — vitamin B7 and vitamin H — and plays a role in the production of keratin, a protein essential for healthy skin, hair, and nails. It’s a water-soluble vitamin, meaning it doesn’t build up in your body; rather, you excrete the excess through urine.

The recommended daily intake of biotin is 30 micrograms per day, according to the American National Institutes of Health (NIH), and we naturally hit that mark through our diets — most healthy adults get about 35 to 70 mcg per day, Woodson says. Some biotin-rich foods include meat (and organ meats), fish, eggs, nuts, seeds, and sweet potatoes.

Benefits of biotin (vitamin B7)

  • Glucose: Biotin helps to process carbohydrates (glucose), fats, and proteins and convert them into energy for the body to use, says Marisa Garshick, a dermatologist at MDCS Dermatology in New York.
  • Fatty acids: Biotin is necessary for the creation of fatty acids, which are essential for cell maintenance and energy storage, says Stacey Woodson, a registered dietitian.
  • Amino acids: Biotin helps deconstruct amino acids, a.k.a. the building blocks of proteins. Amino acids are repurposed to create energy or support other metabolic needs, says Woodson.

Benefits of biotin supplements

  • Hair growth: For people who have thinning hair because of a biotin deficiency, some studies suggest that biotin supplementation can reduce hair loss and stimulate hair regrowth. “Most people typically see significant improvements after consistent use for three months or longer,” Woodson says.
  • Nail and cuticle health: Supplementing with biotin may help strengthen weak nails, as some studies show taking 2.5 mg per day can help with nail thickness. But the evidence isn’t crystal clear. The studies out there on using biotin for brittle nails are very small, and the researchers didn’t use placebo groups or check participants’ initial levels of biotin.

What is the downside of taking biotin?

Some people report mild digestive symptoms, like an upset stomach, when taking biotin supplements. Yet even in high doses, there isn’t any evidence that suggests biotin supplements are harmful or toxic, Woodson says. That’s because biotin is water-soluble and the excess gets excreted through urine, so it doesn’t build up in the body at toxic levels.

Still, you may not be in the clear, at least not on paper. Biotin may interfere with certain laboratory test results including thyroid and troponin levels (a marker used to detect heart attacks), according to the FDA. If you’re getting lab tests done, make sure to stop taking biotin beforehand and always remember to tell your doctor about all medications, including supplements (as well as multivitamins), you’re taking, Dr. Garshick says.

How much biotin should you take for hair growth?

Research shows that taking 5,000 mcg (5 mg) of biotin daily may help treat hair loss caused by a biotin deficiency. But remember, a biotin deficiency is pretty rare. And there isn’t much scientific evidence that supports biotin supplementation significantly improving hair health for those of us without a biotin deficiency.

“Generally speaking, the only people who should absolutely be taking biotin supplements are those who are deficient, which is generally rare,” Dr. Garshick says. “That said, although there isn’t much clinical evidence, if people are looking to try something for their hair and nails, they can consider it and if they are noticing an improvement, it is fine to continue with it.”





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20 01, 2025

Dogecoin Price Prediction: Can Dogecoin Thrive With Elon Musk’s Backing As JetBolt Trends

By |2025-01-20T17:05:06+02:00January 20, 2025|Crypto News, News|0 Comments

Dogecoin (DOGE) continues to capture attention as speculation swirls around Elon Musk’s potential role in a crypto-friendly government under President Trump.

Musk’s hints at integrating Dogecoin into his ventures have reignited discussions on whether Dogecoin can move beyond its meme coin origins.

As Dogecoin navigates the spotlight with Musk’s backing, JetBolt (JBOLT) is trending for surpassing an impressive 280 million tokens sold, solidifying its reputation as an emerging altcoin to watch. With its zero-gas tech and an innovative SocialFi staking model, JetBolt is setting new standards for blockchain accessibility and user engagement.

Will Dogecoin’s association with Musk drive its mainstream adoption? Will JetBolt’s practical innovations carve a unique path in the evolving crypto market? Let’s explore.

Can Dogecoin Thrive with Elon Musk’s Backing?

Elon Musk’s growing influence in government circles and his well-documented affinity for Dogecoin continue to fuel speculation about the meme coin’s potential role in mainstream applications. With Musk set to take on a leadership role within the Department of Government Efficiency (D.O.G.E.), conversations have intensified about Dogecoin’s future relevance.

Although no official plans have been confirmed, the possibility of Dogecoin integration into Musk’s expanding business empire remains a driving force behind its market sentiment. X (formerly Twitter), with its upcoming X Money payment platform, could serve as a natural entry point for DOGE into digital finance.

The X Money payment platform has already secured regulatory approvals across multiple U.S. states, positioning it for wider crypto adoption. If Dogecoin finds a place within X Money’s ecosystem, it could mark a major milestone in its journey from a meme coin to a practical digital asset.

Despite a 9.42% dip in value over the past 24 hours, optimism around Dogecoin remains strong. Analysts believe that Dogecoin’s consolidation between $0.30 and $0.45 since November may lead to a significant upward move, with a 60% chance of hitting and even surging past the psychological $1 barrier before February.

CoinMarketCap price chart showing that Dogecoin price declined by nearly 10% over the last 24 hours.

However, skeptics caution that Dogecoin’s technical limitations could hinder large-scale adoption compared with newer blockchain solutions. To thrive in the long term, DOGE must bridge the gap between speculation and utility, ensuring its relevance beyond celebrity endorsements.

JetBolt Trends with Innovative Blockchain Solutions  

While Dogecoin continues to generate buzz with Elon Musk’s influence, JetBolt (JBOLT) is capturing attention in its own right, gaining significant traction as a next-gen altcoin. With already more than 280 million tokens sold since its launch, JetBolt is proving that its zero-gas technology and user-centric approach resonate with the crypto community.

JetBolt’s gas-fee-free model, powered by the Skale network, offers a streamlined experience that removes the financial barriers typically associated with blockchain transactions. This frictionless environment not only attracts developers looking to build cost-efficient decentralized applications (dApps) but also makes blockchain interactions more accessible for everyday users.

Another key highlight of JetBolt’s growing ecosystem is its AI-powered crypto insights tool. This feature curates market data and organizes news by sentiment. This intelligent integration brings a new level of convenience to the crypto experience.

Beyond its AI-driven utility, JetBolt introduces a fresh take on staking with its SocialFi model. Users can enhance their rewards not only by staking JBOLT tokens but by engaging with their friends on the platform.

JetBolt’s intuitive Web3 wallet further strengthens its appeal by offering a seamless and secure way to manage digital assets. With features like biometric verification and self-custodial control, the wallet ensures that users can navigate the world of Web3 with confidence and ease.

An exciting aspect of the JetBolt presale is the Alpha Boxes—exclusive rewards that allow early participants to unlock up to 25% more JBOLT tokens when purchasing in batches. This added incentive has fueled even greater enthusiasm, making JetBolt’s presale one of the most talked-about events in the crypto space.

Dogecoin Price Prediction: Can Dogecoin Thrive With Elon Musk’s Backing As JetBolt Trends

Summary: Can Dogecoin Thrive with Elon Musk’s Backing as JetBolt Trends?

Elon Musk’s influence, combined with speculation around potential integration into his companies like X Money, has kept investors intrigued. The upcoming inauguration of the Trump administration, which is perceived as more crypto-friendly, adds another layer of anticipation to Dogecoin’s trajectory.

JetBolt is trending as one of the most exciting projects in the crypto space. As the market evolves, its groundbreaking approach to blockchain usability positions JetBolt as a formidable contender in the next wave of digital innovation.

Visit the official JetBolt website today to find out more about JetBolt’s trending presale and innovative solutions.

The content presented here does not constitute financial advice. As the crypto market continues to evolve and Web3 developments remain uncertain, it is crucial for readers to conduct their own research and make informed decisions.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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20 01, 2025

Can it Overcome $31? (Video)

By |2025-01-20T16:19:07+02:00January 20, 2025|Forex News, News|0 Comments


  • Silver has fallen pretty significantly during the trading session on Friday, but it is trying to hang on to the 50 day EMA.
  • The 50 day EMA of course is a technical indicator that a lot of you will be paying attention to and this does at least show some signs of hope, but I’m not really keen on silver or I should say, I believe silver will lag in reference to gold as the market is falling the way it has shown just how brittle it can be.

While the gold market did pull back a little bit in the early hours of Friday, silver really got hammered at one point in time, the XAG/USD pair was down about 2%. Now it looks like we are at least trying to hang on to the $30 level as support, which makes a certain amount of sense considering that it’s a large round psychologically significant figure and an area where I would imagine a lot of options traders are watching. If we were to break down below there, then it opens up the possibility of a move down to the 200 day EMA currently hanging around the $29.30 level or so.

On the Upside

To the upside, if we can break above the $31 level, I think that opens up the possibility of silver to go much higher, probably to $32.50. The previous uptrend line has offered resistance. So that dissects right about where I think the buy and sell orders probably end up being, especially around that $31 level. So it all ties together for a market that’s very noisy but still trying to figure out what to do with the longer term. I think we’re probably neutral to somewhat negative right now. That being said, the $31 level and the double bottom down at $28.75, I think are the two main points to watch if we break above or below that should give you a heads up as to which direction we are going.

Ready to trade our daily Forex forecast? Here’s a list of some of the Top Silver Trading Brokers to choose from.



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20 01, 2025

UBS lifts GBP/USD forecast; “Truss moment” fears overdone By Investing.com

By |2025-01-20T15:08:34+02:00January 20, 2025|Forex News, News|0 Comments

Investing.com – Sterling has struggled of late, weighed by concerns surrounding the UK’s financial position. UBS sees the potential for further losses near term, but thinks the fiscal concerns are undone and gains are likely later in the year.

At 06:15 ET (11:15 GMT), rose 0.2% to $1.2201, but has dropped over 3% over the last month in the wake of the UK gilts turmoil as yields soared. 

The recent rise in UK gilt yields has been compared in the media with the “Truss moment”, when Liz Truss became the UK’s shortest-serving PM as she was forced to resign after just 49 days in office when borrowing costs soared in the aftermath of her government’s mini-budget. 

However, UBS maintains that comparisons to the 2022 “Truss saga” are overdone.

“We do not expect the recent market wobbles in the UK to result in a situation comparable to the 2022 turmoil. Pension regulations are in a better place and policymakers are (hopefully) well aware of the risks,” analysts at the Swiss bank added, in a note dated Jan. 17.

With major risks lined up in the coming weeks that could push US yields even higher, the bank cannot rule out GBP/USD breaking below $1.20.

However, this is not our base case and while we like selling upside, we prefer to remain on the sidelines in GBP/USD for the time being, as we are particularly wary of Trump inauguration risks. 

“We expect GBP/USD to recover losses later in the year as we see USD strength waning, but it will take some time and potentially pain to get there,” UBS added.

The Swiss bank sees GBP/USD climbing to $1.29 by the year’s end.

 



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20 01, 2025

Tea-volution: The history of Chinese tea in Malaysia and how we drink it

By |2025-01-20T15:06:15+02:00January 20, 2025|Dietary Supplements News, News|0 Comments


At the quirky little Tanah dan Air Tea Bar in Petaling Jaya, tea artist Law Siow Fei is hard at work. Hunched over a long table, she gently pours tea out of a tiny little tea pot into three equally tiny porcelain cups, then passes one to me.

“This is a Phoenix Oolong tea – it is very popular among the Teochew community,” she says.

The tea is aromatic and nuanced, with floral streaks running through its golden waters.

Across the space, another table is occupied by a young couple, their heads bowed over cups of Chinese tea, sipping intently and oohing and aahing as they rediscover the pleasures of this heritage brew.

In many ways, people like Law are keeping the culture and knowledge of traditional Chinese tea alive in Malaysia, paving the way for younger generations to appreciate this ancient beverage.

Tea originates from China and has been a mainstay among Chinese denizens all over the world for centuries. — YAP CHEE HONG/The Star

History of Chinese tea

Chinese tea’s roots hark all the way back to 2000 BC and the Qin dynasty when the mythical Emperor Shennong was said to have discovered tea after the leaves of the Camellia Sinensis fell into a cup of boiling water.

Tea in China was originally thought to be purely medicinal so it wasn’t until centuries later during the Tang dynasty (618 to 917 CE) that drinking tea became more widespread, although it was reserved for the upper echelons of Chinese society.

Most of the information surrounding Chinese tea was developed and acquired through Lu Yu’s The Classic of Tea, which was produced around 760 CE. In that era, green tea leaves were squished to make tea bricks (also called tea cakes), which were then ground into tea powder and mixed with water using a whisk.

Although tea whisking faded out, the culture was introduced to Japan, where it has evolved into the Japanese art of matcha.

During the Ming dynasty in China (1368 to 1644 CE) loose leaf tea began replacing tea bricks, as the emperor at the time came from an impoverished background and understood how laborious it was for farmers to produce tea bricks.

Today, loose leaf tea is still the predominant way Chinese denizens in China and the Chinese diaspora all over the world continue to consume tea.

Chinese tea was introduced to Malaysia in the 15th century and has been a constant among the Chinese community here, although the knowledge of the culture has not really been transferred to younger people. — YAP CHEE HONG/The StarChinese tea was introduced to Malaysia in the 15th century and has been a constant among the Chinese community here, although the knowledge of the culture has not really been transferred to younger people. — YAP CHEE HONG/The Star

Chinese tea in Malaysia

In Malaysia, Chinese tea has a history that dates back to the 15th century when Admiral Cheng Ho first brought tea to Melaka during his voyages here. The intermarriage of Chinese traders with local women and the eventual Peranakan communities that sprung from these unions also created a demand and interest in Chinese tea in then-Malaya.

When the bigger wave of Chinese migrants began arriving in the country in the 19th and 20th centuries to work in the tin mines, they too brought tea with them.

“Because they were poor, they couldn’t pack many things. One of the things that could withstand travel well was tea leaves. And the tea leaves that they brought were those with long shelf lives which were typically dark teas – the same sort that explorers like Marco Polo brought around the world. So very little of the white teas made it to Malaysia,” says Koh Peng Chye, whose family has been in the tea industry in Malaysia for nearly 100 years and now runs modern tea bar Beca Tea.

Koh comes from a tea-faring family that spans generations. Pictured here is the family drinking tea in Fujian, China on a buying trip decades ago. — BECA TEAKoh comes from a tea-faring family that spans generations. Pictured here is the family drinking tea in Fujian, China on a buying trip decades ago. — BECA TEA

According to an article published by the Tea Trade Association of Malaysia, different Chinese communities in Malaysia have different predilections for tea-drinking – i.e. the Cantonese have a preference for Liu Pao dark tea; the Hokkiens and Teochew are partial to Oolong tea; and the Hakkas traditionally opt for green tea.

So what is Chinese tea made up of? Essentially, all Chinese tea comes from the Camella Sinsenis plant. But what separates different teas is the way that they are processed.

While the Western world recognises four kinds of teas, there are six acknowledged types of Chinese teas – green tea, yellow tea, white tea, Oolong tea, dark tea and red tea.

Also read: Tea-volution: The history of Chinese tea in Malaysia and how we drink it

There are six different kinds of Chinese teas - green tea, white tea, yellow tea, Oolong tea, red tea and dark tea - which are different based on the way they are processed. — YAP CHEE HONG/The StarThere are six different kinds of Chinese teas – green tea, white tea, yellow tea, Oolong tea, red tea and dark tea – which are different based on the way they are processed. — YAP CHEE HONG/The Star

Chinese tea drinkers in Malaysia

Although the practice of drinking Chinese tea would likely have been introduced by new Chinese arrivals to Malaysia centuries ago, the knowledge and culture behind the art of tea-drinking has been somewhat lost over the generations.

In recent years though, there has been a resurgence in interest among younger Malaysians, partly driven by health concerns and an increased desire for pure teas. This is bolstered by the fact that certain teas have been shown to have health properties.

Both Koh and Law have noticed that more and more younger Malaysians are now interested in reconnecting with their roots and learning more about Chinese tea. — FILEPICBoth Koh and Law have noticed that more and more younger Malaysians are now interested in reconnecting with their roots and learning more about Chinese tea. — FILEPIC

White tea for instance has high levels of antioxidants that may have cancer-fighting properties while green tea can boost heart health and lower cholesterol levels. Oolong tea on the other hand contains an amino acid that reduces anxiety levels.

“There is a growing interest among younger people who are health-conscious in tasting or drinking tea that doesn’t have any sugar, milk or cream,” says Law.

While Law’s tea bar honours traditional Chinese tea brewing, Koh’s Beca Tea aims to appeal to both conventional tea drinkers as well as those seeking out more contemporary fare that is better for them.

“I believe those who grow up with bubble tea are already starting to gravitate towards the more pure teas. At Beca Tea, we are like a mid-point for this transition. People who are sick of all the sugars and artificial flavourings and colourings are trying to move to purer tea but are not quite sure where to go, so this is where we come in.

“We can introduce you to tea by easing you into tastes that you are more familiar with before going into the pure stuff,” he says.

Beca Tea is trying to draw in younger tea drinkers with a more interesting array of tea-based options. — BECA TEABeca Tea is trying to draw in younger tea drinkers with a more interesting array of tea-based options. — BECA TEA

Koh also believes that many younger people who have lost touch with their roots are keen to rediscover it in more accessible ways.

“I think the knowledge of Chinese tea culture and tea drinking was not passed down because the earlier Chinese people who came to Malaysia were menial workers who had busy lives. They did not have the luxury of sitting down, enjoying tea and passing on the knowledge. So I think an entire generation lost out on that knowledge transfer and cultural practice.

“So at Beca Tea, I am encouraged to see young people – anyone between the ages of 20 to 40 – coming because they are curious to know this Asian culture that they have forgotten,” says Koh.

Law says she has also noticed that as time has progressed and Chinese tea has become more mainstream in Malaysia, the number of non-Chinese tea drinkers has also shot up.

“I have noticed quite a number of Malay customers who are interested in Chinese teas and how to brew them, so I think slowly Chinese tea will become more popular throughout Malaysia,” she says.



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20 01, 2025

Cardano Price Eyes a Record-Breaking $5 as Analysts Predict Explosive Growth in 2025

By |2025-01-20T15:04:09+02:00January 20, 2025|Crypto News, News|0 Comments

Despite the bullish predictions about Cardano, many investors are opting to rotate funds into the viral presale of crypto casino Rollblock, which has already raised over $8.8 million in record time. 

Rollblock is a new entry in the crypto casino landscape, and with its innovative framework, it’s poised to disrupt the $450 billion gambling industry. Built entirely on the Ethereum blockchain, Rollblock addresses all the typical inefficiencies that have been driving users away from traditional online casinos running on obsolete platforms. This means near-instantaneous transactions across 20 cryptocurrencies including the native RBLK token, superior transparency, and enhanced security. Additionally, all bets are easily traceable and tamper-proof, ensuring a trustworthy casino experience with provably fair odds.

Newcomers will find over 7,000 games, with titles ranging from all-time favorites such as blackjack and poker, to live games and brand-new, AI-driven exclusives. Sports fans will be pleased to learn that Rollblock has recently launched a dedicated sports betting platform, allowing users to bet on their favorite tournaments and championships.

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