The main category of All News Articles.

You can use the search box below to find what you need.

Filter by Custom Post Type
Select all
Posts
Pages

20 12, 2024

Cardano Price Breaks Below 50-Day EMA: Downside Risk Targets $0.70

By |2024-12-20T21:52:59+02:00December 20, 2024|Crypto News, News|0 Comments

With Cardano (ADA) price crossing below key support levels, sellers are now targeting a retest of $0.70.

As the altcoin market faces a downturn with Bitcoin nearing $95k, top cryptocurrencies like Ethereum, Cardano, and XRP are falling below crucial support levels. Amid rising liquidations, ADA’s price trend marks its fifth consecutive bearish day.

The ADA trend signals significant downside risk with the price falling below $0.90. Could the volatile market drive Cardano’s price down to $0.70?

Cardano Price Analysis

On the 4-hour chart, Cardano’s price shows a bearish channel pattern. The ongoing correction within the falling channel has broken below a key support trendline.

Cardano price Chart
Cardano price Chart

This breakdown suggests a bearish continuation, with the price likely to extend the downtrend. Currently, Cardano’s market price is $0.839, and a bearish engulfing candle is forming on the 4-hour chart.

This engulfing candle breaks the support trendline and is on the verge of closing below it, which increases the likelihood of a drop to the $0.70 psychological support level.

The 200 EMA on the 4-hour chart also produced a bearish crossover. The 4-hour RSI has also entered the oversold territory, further indicating a sell signal for Cardano.

ADA Price Targets

On the daily chart, Cardano forms its fifth consecutive bearish candle. This undermines the previous accumulation phase above $0.90 and has resulted in a break below the 50-day EMA.

Cardano price ChartCardano price Chart
Cardano price Chart

As the downtrend continues, Cardano’s price will likely test the 100 EMA at around $0.71. Therefore, the daily and 4-hour charts point to a downside risk of 13-15%.

However, if the 4-hour candle closes bullishly above the support trendline, a potential reversal could push the price back toward the 200 EMA at $0.976.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Source link

20 12, 2024

GBP/USD Outlook: Pound Slides as Rate Cut Bets Grow

By |2024-12-20T19:55:11+02:00December 20, 2024|Forex News, News|0 Comments

  • Three BoE policymakers were ready to lower borrowing costs.
  • Data revealed that UK retail sales missed forecasts, increasing by 0.2%.
  • The US economy expanded by 3.1% in the fourth quarter, above estimates of 2.8%.

The GBP/USD outlook shows growing enthusiasm among pound bears as Bank of England rate cut expectations increase. At the same time, expectations for fewer rate cuts in the US in 2025 have boosted the dollar, further weighing on sterling.

If you are interested in automated forex trading, check our detailed guide-

The pound collapsed to new lows on Thursday after the Bank of England policy meeting. Although the central bank kept interest rates unchanged, there was a shift in sentiment among some policymakers. Three policymakers were ready to lower borrowing costs, which was unexpected. As a result, markets increase bets for rate cuts in 2025. 

Recent economic data have pointed to a recovering labor market and high inflation. Consequently, market participants were pricing a gradual easing pace in the coming year. However, if three policymakers were ready to cut rates in December, the number might increase at the next meeting. 

Meanwhile, data revealed that UK retail sales missed forecasts, increasing by 0.2%. Economists had expected a 0.5% increase. The miss was a sign that consumer spending dropped, which could put more pressure on the Bank of England to lower borrowing costs. 

On the other hand, the dollar remained strong after the Fed projected fewer rate cuts in 2025. At the same time, data on Thursday revealed that the US economy expanded by 3.1% in the fourth quarter, above estimates of 2.8%. Moreover, unemployment claims fell more than expected, showing a resilient economy.

GBP/USD key events today

GBP/USD technical outlook: Bears prompt 100% retracement

GBP/USD 4-hour chart

On the technical side, the GBP/USD price has made a sharp move from the 30-SMA to the 1.2500 key support level. The decline has put the price well below the 30-SMA and the RSI near the oversold region, supporting a bearish bias. 

If you are interested in guaranteed stop-loss forex brokers, check our detailed guide-

Previously, the price traded in a shallow bullish trend but reversed when it broke below its support trendline. Since then, bears have been in the lead, making lower highs and lows. The most recent move has made a 100% retracement of the previous bullish trend. 

Therefore, a break below the 1.2500 support will be a significant milestone for bears. It will signal a continuation of the bearish trend that was there before bulls prompted a corrective move.

Looking to trade forex now? Invest at eToro!

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Source link

20 12, 2024

Bangor restaurant must pay $100K for labor law violations

By |2024-12-20T19:54:02+02:00December 20, 2024|Dietary Supplements News, News|0 Comments


Breaking news
Our journalists are working right now to gather more details for you. The BDN publishes only verified information from trusted sources, so we don’t cite social media hearsay or police scanner chatter. Send a tip here.

This story will be updated.

A Japanese restaurant in Bangor reached an agreement with state labor officials Wednesday to resolve nearly 2,000 labor law violations identified during a state investigation earlier this year.

The agreement subjects Green Tea Restaurant to a four-year period of monitoring by the Maine Department of Labor and will require it to pay $100,000 in fines, according to a copy obtained by the Bangor Daily News.

If the restaurant violates the terms of the agreement, it will be required to pay the original $249,824 in penalties that state investigators assessed when it issued Green Tea citations in March and June.

Those citations, which became public after the settlement was reached, state that Green Tea paid employees in cash-stuffed envelopes at the end of the month without keeping accurate records of how much they worked; didn’t allow staff to earn paid time off; broke rules around employing a 15-year-old during hours he should have been in school; and underpaid workers by nearly $50,000 by violating minimum wage and overtime laws.

The new documents provide more specific details about the state’s labor law investigation into Green Tea, which the Bangor Daily News first reported Thursday.

An attorney for Green Tea did not immediately respond to a request for comment.



Source link

20 12, 2024

XRP Price Faces Its Largest Drop Since December

By |2024-12-20T19:52:01+02:00December 20, 2024|Crypto News, News|0 Comments

The cryptocurrency market has faced a sharp downturn, with its overall market cap dropping nearly 9% in a single day. XRP was hit particularly hard, plunging 10% and recording its steepest one-day loss since December 9. This significant decline has drawn sharp remarks from crypto critics, including Messari founder Ryan Selkis.

Ryan Selkis Slams XRP Again

Ryan Selkis of Messari didn’t mince words about XRP’s situation, taking to X (formerly Twitter) to share a biting comment. He humorously suggested it might now be the perfect time to buy XRP, noting that its valuation had fallen below the combined worth of major companies like Coinbase, MicroStrategy, and SoftBank.

His remark followed a previous criticism where he dismissed the XRP community as “worthless bot groups,” intensifying his ongoing criticism of the asset.

The recent criticism seems to be a response to the backlash the former crypto executive received after attacking Ripple’s Chief Legal Officer, Stuart Alderoty, and the XRP community on the same day.

XRP’s Price Slide: Market and Macro Factors

XRP’s price has been heavily affected by the broader market slump, with the token losing 21% over the past two days. It fell from highs of $2.59 to lows of $2.05, signaling growing investor uncertainty.

This decline coincided with the Federal Reserve’s announcement to reduce expected rate cuts for 2025. The news dampened optimism in risk markets, including cryptocurrencies, and has added to the bearish sentiment surrounding XRP.

XRP Price Analysis

As of now, XRP is trading around $2.16, reflecting a drop of 10% in the last 24 hours. Despite this decline, the price seems to have found strong support just below its current level, giving some hope to traders.

Amid the drop, some analysts remain optimistic about XRP’s potential recovery. One of them, DarkDefender, noted a clear breakout on the daily chart. He predicts that XRP might first test $2.42 and, if momentum continues, push past $2.92.

FAQs

How did the Fed’s announcement affect XRP?

The Fed’s announcement of slower rate cuts for 2025 led to market uncertainty, contributing to XRP’s 21% price drop over the past two days.

Is XRP expected to recover after its price drop?

Analysts are optimistic, with XRP showing support around $2.16, and some predicting a potential price rebound to $2.42 or even $2.92.



Source link

20 12, 2024

Crude Oil Price Outlook – Crude Oil Continues to See Sideways Action

By |2024-12-20T19:15:14+02:00December 20, 2024|Forex News, News|0 Comments


Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party’s services, and does not assume responsibility for your use of any such third party’s website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Risk DisclaimersThis website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.



Source link

20 12, 2024

Slumps as UK Retail Sales misses estimates

By |2024-12-20T17:54:41+02:00December 20, 2024|Forex News, News|0 Comments

  • GBP/JPY declines to near 196.00 as higher number of BoE officials voted for an interest rate reduction on Thursday than what market participants had anticipated.
  • UK Retail Sales rose at a slower-than-expected pace in November.
  • Hotter Japan National CPI data for November has boosted BoJ hawkish bets.

The GBP/JPY pair is down almost 0.4% to 196.00 in Friday’s North American session. The asset faces selling pressure after the release of the United Kingdom (UK) Retail Sales data for November, which came in slower than projected due to weak demand at clothing stores.

The Retail Sales data, a key measure of consumer spending, rose by 0.2%, slower than estimates of 0.5%. Weak Retail Sales data weighed on the Pound Sterling (GBP). However, the major reason behind the British currency’s underperformance across the board on Friday is the dovish buildup for the UK interest rates outlook by the Bank of England (BoE).

The BoE left its key borrowing rates at 4.75%, as expected, in which three of nine Monetary Policy Committee (MPC) members proposed cutting interest rates by 25 basis points (bps) to 4.5%. However, market participants anticipated that only one policymaker would vote for a dovish interest rate decision.

Meanwhile, the Japanese Yen (JPY) ticks higher on Friday on the hotter-than-expected inflation report for November. As measured by the National Consumer Price Index (CPI), the headline inflation accelerated to 2.9% from 2.3% in October. The National CPI, excluding Fresh Food, rose by 2.7%, faster than estimates of 2.6% and the former release of 2.3%.

Accelerating price pressures have boosted expectations of more interest rate hikes by the Bank of Japan (BoJ) in upcoming policy meetings.

GBP/JPY wobbles near the upper portion of the Symmetrical Triangle formation on a daily timeframe, which suggests a sharp volatility contraction. The outlook of the pair is bullish as it trades above the 50- and 200-day Exponential Moving Averages (EMAs), which are around 194.25 and 193.00, respectively.

The 14-day Relative Strength Index (RSI) hovers near 60.00. A bullish momentum would trigger if it breaks above this level.

A fresh upside towards the October high of 200.00 and the June 14 high of 201.60 would appear if the asset breaks above Thursday’s high of 199.00.

On the flip side, a downside below the December 9 low of 190.60 will expose it to a December 3 low of around 188.00, followed by a September 18 low of 185.80.

GBP/JPY daily chart

Economic Indicator

National CPI ex Fresh Food (YoY)

Japan’s National Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households nationwide excluding fresh food, whose prices often fluctuate depending on the weather. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish.

Read more.

Last release: Thu Dec 19, 2024 23:30

Frequency: Monthly

Actual: 2.7%

Consensus: 2.6%

Previous: 2.3%

Source: Statistics Bureau of Japan

 

Source link

20 12, 2024

Trailblazers shaping the future of the dietary supplement industry

By |2024-12-20T17:53:13+02:00December 20, 2024|Dietary Supplements News, News|0 Comments


Throughout 2024, Radicle Science celebrated 12 industry visionaries through our monthly Trailblazers series—leaders redefining what’s possible in wellness. Reflecting on a transformative year, we spotlight these pioneers to explore trends shaping the future of health and wellness. Unified themes emerge: transparency, innovation, education and inclusion are the cornerstones of the industry’s future. These diverse leaders turned challenges into opportunities, rebuilding trust, elevating standards and advancing an inclusive wellness landscape.

Here are six critical lessons for the New Year.

Lesson 1: Build consumer trust through transparency

Transparency is crucial to building consumer loyalty, credibility, restoring trust and differentiating brands in a scrutinized market. Transparency about ingredients and processes builds trust and positions companies as industry leaders.

“Consumers trust brands showing authenticity through real, compelling human stories,” said Joe Dickson, Merryfield, co-founder and head of standards at Merryfield. “[They are] looking for brands and founders connecting on a human level, sharing their journeys and providing credible, transparent information about their products. Companies aren’t people, but their founders are, fostering real human connections is irreplaceable.”

Establishing clear, enforceable guidelines for product safety, efficacy and labeling, and leveraging third-party verification breeds trust. Use accessible channels, like websites and social media, to share this information directly with consumers.

“There are several ways to build authentic customer engagement—my favorite is vulnerability,” shared Elan Sudberg, CEO of Alkemist Labs. “Brands need to connect with consumers. Vulnerability is a gate that, when open, draws the buyer in to satisfy their curiosities. Trust comes from transparency—another form of vulnerability. … Studies show consumers choose transparency brands over those that aren’t.”

Being open about safety, efficacy, and sourcing transforms skepticism into trust. Trust is a competitive edge that builds loyalty among consumers, retailers, and regulators.

Lesson 2: Revolutionize research and personalization with technology

Technology is upleveling the development, validation and consumer personalization of dietary supplements. From data-driven formulation development to AI-powered clinical insights, advanced technologies drive wellness innovation at an ever-accelerated pace.

“There is good reason to be enthusiastic about AI speeding up discovery and creating and eliminating interesting possibilities using massive data sets from which skilled people can then advance ideas,” noted Loren Israelsen, president and founder of the United Natural Products Alliance (UNPA).

There are countless opportunities to leverage advanced technologies, including machine learning and gen AI, making data-driven insights more broadly accessible, useful and impactful.

Greg Horn, CEO of Specialty Nutrition Consulting, stated: “Four themes—smarter computing, better metrics, a bigger toolbox of bioactives and advanced insights into highly complex ‘-omic’ interactions—come together to herald a new era of applied effective nutrition with a degree of precision and tunability with feedback that we can only imagine today. … The democratization of information and scaling of data made possible first by the internet and now by AI enhances breakthrough accessibility.”

Harnessing technology elevates every facet of product life cycles, from accelerating innovation, creating more effective finished products, powering higher regulatory compliance and informing more targeted marketing—all driving higher revenues, margins and improved stakeholder trust.

Lesson 3: Commit to consumer education with science-based messaging

In an era of misinformation, educating consumers with clear, science-backed insights is key. Knowledgeable consumers are empowered to make informed health choices, boosting trust and loyalty.

“Brands need to research their products’ efficacy and dosages, share results and talk about the continuous improvement of their products.” said Susan Kleiner, PhD, founder and owner of High Performance Nutrition.

The opportunity is to create educational campaigns that translate complex scientific data into approachable, relatable messaging. It’s an opportunity to showcase clean, potent, clinically validated products while tackling myths and concerns.

Gene Bruno, ‘The Vitamin Professor’ and chief scientific Nutraland USA chief scientific officer, is authoring a new book about ‘Real Science’ vs ‘Marketing Science.’ He shared: “The dietary supplement industry is rife with ‘fairy dust’ products containing inadequate doses of nutraceuticals supposedly providing beneficial effects. Too often they also don’t provide the right form of the nutraceutical…At the same time, there are many legitimate dietary supplements with the right doses of the right nutraceuticals based on real science, including human clinical research supporting their efficacy.”

Well-informed consumers are more likely to invest in brands that demonstrate integrity and clarity establishing these brands as trusted authorities.

Lesson 4: Address misinformation through ethical standards

Trailblazers expressed frustration over the persistent misconception that the dietary supplement industry is unregulated. They emphasized the importance of self-regulation and collaboration with regulatory bodies.

“Effective self-regulation would further complement and enhance government regulation. … Refinements in the efficiency, independence and transparency of the existing self-regulatory machinery and its administration would benefit the industry and consumers,” said former FTC Commissioner Pamela Harbour.

This can be complemented by updates in the regulatory paradigm.

“Regulatory relics of the pre-internet economy prohibit companies from disseminating certain truthful and not misleading information about dietary supplements and ingredients to the public,” observed Michael McGuffin, president of the American Herbal Products Association (AHPA). “These barriers are overdue for modernization to enable industry to better inform and educate consumers, in turn helping strengthen long-term consumer trust in the category.”

While supporting these efforts, companies can develop robust quality control systems and craft campaigns spotlighting their commitment through transparent communication—enhancing overall industry credibility.

Lesson 5: Reduce health disparities through inclusion

Addressing health access disparities has become a defining focus. Prioritizing inclusion fosters equity, opens markets and resonates with socially conscious consumers, driving growth. This aligns with technology’s growing role in advancing the sector.

Danielle Masterson, editor at NutraIngredients-USA, shared: “I am enthusiastic about AI’s role in health and wellness, notably within the dietary supplement industry… My biggest concern is lack of dataset diversity, which leads to algorithmic biases that don’t benefit everyone—especially women and minorities… If executed correctly, AI holds the potential to positively reshape the world.”

What could this look like? Companies could invest in research and product development aimed at underserved populations, tailoring marketing and distribution strategies to be culturally sensitive and accessible, reflecting the diverse needs of global consumers.

“We need to change our definition of success,” said Karen Howard, CEO and executive director of the Organic & Natural Health Association CEO. “Sustainable growth thrives with meaningful outcomes, this requires addressing health disparities linked to limited access to healthy foods and supplements.”

Lesson 6: Invest in supply chain integrity and sustainability

Sustainability is a key focus as consumers and industry demand eco-friendly practices. From ingredient sourcing to production, trailblazers are setting the standard.

Technology is front of mind with Lori Bestervelt, PhD, senior VP of certification services at the Sports Medicine Research and Testing Lab, who cited blockchain and digital product passport potential to support supply chain efforts.

“Complete supply chain transparency, including ingredient origin, manufacturing processes, and potential side effects, is crucial. … and key for the industry’s future,” she said.

Similarly, Kenn Israel, partner and co-founder at BeyondBrands, commented: “AI-empowered SynBio, precision fermentation and cellular agriculture are capable of consistent manufacture at scale of desired molecules and/or complex ingredient materials. These technologies de-risk, smooth and scale supply chains, democratizing rare compounds, reducing wasteful extraction and eliminating seasonality and environmental risk.”

Moving into 2025, these insights from Radicle Trailblazers serve as a roadmap for driving growth, fostering trust and advancing health and wellness for all.



Source link

20 12, 2024

SOL Likely to See Double-Digit Correction

By |2024-12-20T17:51:13+02:00December 20, 2024|Crypto News, News|0 Comments

  • Solana’s price struggles at $183 after a 40% drop from $228 resistance, with a bearish RSI at 26 hinting at further declines.
  • Solana’s TVL plummets 8% overnight to $8.45B, sparking concerns of a potential repeat of prior double-digit price drops.

Solana’s price struggles to keep its footing as it trades below $194, continuing its downward spiral, marking a decline of 19% in the last week. The decline triggered $34.75 million in liquidations. $29.43 million of that was tied to long positions, while only $5.32 was short, hinting at a grim trajectory ahead, according to Coinglass. 

SOL Likely to See Double-Digit Correction
Source: Coinglass

Resistance around $228 earlier in the week proved too much for SOL. A steep 40% decline followed, pulling the token from the resistance level to the current level of $183. The bearish momentum is clear, with the RSI indicator dipping to 26, well below its neutral level of 50. The possibility of SOL revisiting $170 becomes stronger if $203 remains as resistance.  

Source: TradingView

Solana’s TVL Drops 8% Overnight

A closer look at Solana’s TVL paints a troubling picture. Data from DefiLlama reveals a sharp drop from $9.18 billion to $8.45 billion in just 24 hours. Similar TVL declines were observed on August 3 and October 29, each followed by a price drop exceeding 10%. This historical pattern fuels speculation that the current situation might lead to a repeat performance.  

While the bearish outlook seems dominant, some analysts point to a potential silver lining. A recovery above $203 could shift the tide, setting SOL on a path to retest the $230 resistance level. Should this happen, bullish momentum might return, lifting the cryptocurrency higher.  

However, Solana has faced setbacks in recent weeks. After hitting an all-time high of $263.83 last month, profit-taking dragged the token down to $216. It briefly consolidated between $220 and $230 but struggled to hold these levels. Despite the current downturn, projections suggest SOL might still have a shot at surpassing $400 by the end of the year.  

Bright Spots in a Bearish Outlook

John Michaels, a prominent crypto analyst, maintains optimism regarding Solana’s future. Solana’s steady growth in recent months, combined with a robust support base, suggests a potential surge beyond $400, as CNF previously reported. Michaels pointed to the upward trendline as a critical indicator, forecasting a climb to $420 during the holiday period if resistance barriers are surpassed.

The broader crypto market, fueled by Bitcoin’s pursuit of the $100,000 mark, continues to generate excitement. Solana has historically thrived on bullish market sentiment, and any significant developments—such as approval for Solana-based ETFs—could provide the boost needed for a turnaround.  


Recommended for you:



Source link

20 12, 2024

Domestic coffee prices may remain at current levels

By |2024-12-20T17:14:33+02:00December 20, 2024|Forex News, News|0 Comments


Coffee price world unpredictable increase and decrease

Robusta coffee prices on the London floor updated at 15:30 p.m. December 19, 2024 decreased sharply for the second consecutive session from 2-18 USD/ton, fluctuating between 65 – 5005 USD/ton. Specifically, the monthly delivery term January 2025 is 5151 USD/ton (down 5151 USD/ton); the monthly delivery term March 2025 is 65 USD/ton (down 5139 USD/ton); the monthly delivery term May 2025 is 29 USD/ton (down 5085 USD/ton) and the monthly delivery term July 2025 is 18 USD/ton (down 5005 USD/ton).

Lam Dong people harvest the main coffee. Photo: Van Long

In contrast to Robusta coffee prices, Arabica coffee prices on the New York floor increased sharply after yesterday’s price drop, increasing from 3.30 – 7.70 cents/lb, fluctuating from 311.40 – 332.65 cents/lb. Specifically, the monthly delivery term March 2025 is 332.65 cents/lb (up 7.70 cents/lb); the monthly delivery term May 2025 is 327.40 cents/lb (up 5.50 cents/lb); the monthly delivery term July 2025 is 320.70 cents/lb (up 3.75 cents/lb) and the monthly delivery term September 2025 is 311.40 cents/lb (up 3.30 cents/lb).

Similarly, at the end of the trading session, the price of Brazilian Arabica coffee, updated in the afternoon of December 19, 2024, also had a strong increase of 0.30 – 10.45 USD/ton compared to yesterday, fluctuating from 399.85 – 407.35 USD/ton. Specifically, the monthly delivery term December 2024 is 407.35 USD/ton (up 10.45 USD/ton); the monthly delivery term March 2025 is 419.50 USD/ton (up 0.30 USD/ton); the monthly delivery term May 2025 is 408.85 USD/ton (up 7.30 USD/ton) and the monthly delivery term July 2025 is 399.85 USD/ton (up 4.95 USD/ton).

Domestic coffee prices have decreased slightly.

Under the pressure of a sharp drop in the world price of Robusta coffee, domestic coffee prices could not maintain stability and fell for the second consecutive session, but the price decrease was not significant. According to information from Giacaphe.com, updated coffee prices at 2:15 p.m. today, December 19, 2024, the average domestic coffee price was at 30 VND/kg, down -123.200 VND/kg compared to yesterday.

Coffee price forecast tomorrow December 20, 12: Will coffee prices continue?
People in Gia Lai province check the quality of green coffee beans before selling. Photo: Hien Mai

Coffee prices in key regions of the Central Highlands (Dak Lak, Lam Dong, Gia Lai, Dak Nong) were recorded to have the same price decrease of -200 VND/kg. Specifically, the price of coffee in Dak Lak is 123.800 VND/kg; the price of coffee in Lam Dong is 122.500 VND/kg; the price of coffee in Gia Lai is 123.600 VND/kg and the price of coffee in Dak Nong is 124.000 VND/kg.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for you.

Receive determined Coffee price tomorrow 20/ 12 / 2024

Experts believe that domestic coffee prices in the coming time will be affected by the world market. At the end of the year, financial speculators are gradually withdrawing money from the market, causing prices on the floor to adjust.

According to analysis, there are not many physical transactions. The nature of the fluctuations on the coffee futures exchanges (New York and London) in recent times may be due to financial speculators taking short-term profits.

Accordingly, the recent high price of coffee is not due to a shortage of supply. The reason may be that they are pushing the price up and now is the time to take profits.

Accompanied by the current harvest period, therefore, the adjustment pressure on domestic coffee prices increases as supply is replenished. When coffee prices in the market adjust, accompanied by pressure from increased supply during the harvest period, domestic coffee prices will also decrease.

Based on the downward trend of coffee prices on both international exchanges and domestic markets, it is forecasted that coffee prices on December 20, 2024 may continue the downward trend or remain stable at the current level.

Sources: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-20122024-gia-ca-phe-trong-nuoc-co-the-duy-tri-o-muc-hien-tai-365105.html



Source link

20 12, 2024

GBP/USD tumbles near 1.2500 breakdown as US data boosts USD

By |2024-12-20T15:53:19+02:00December 20, 2024|Forex News, News|0 Comments

GBP/USD tumbles near 1.2500 breakdown as US data boosts USD

The GBP/USD extended its losses during the North American session, with sellers targeting a break below 1.2500. Cable is losing over 0.48% or 60 pips on the day. At the time of writing, the pair hovers near 1.2500.

US data released ahead of the New York open hinted that the labor market remains solid and the economy is expanding. Initial Jobless Claims for the week ending December 14 fell from 242K to 220K, below forecasts of 230K. Read more…

GBP/USD Forecast: Pound Sterling could renew multi-month lows

Following Wednesday’s loss of more than 1%, GBP/USD extended its slide on Thursday. After touching its weakest level since early May near 1.2470 in the Asian trading hours on Friday, the pair recovered to the 1.2500 area in the European session.

The Bank of England (BoE) maintained its bank rate at 4.75% after the December meeting, as expected. On a dovish twist, however, three members of the Monetary Policy Committee (MPC) voted for a 25 basis points (bps) rate cut. In its policy statement, the BoE said that they can’t commit to when or by how much they will cut rates in 2025, due to heightened uncertainty in the economy. Pound Sterling came under bearish pressure following the BoE’s policy announcements. Read more…

GBPUSD

Source link

Go to Top