The recent events involving Global Ikhwan Services and Business Holdings (GISB) have thrust the conglomerate into a treacherous spotlight, revealing deeply troubling allegations of abuse entangled with its controversial historical roots. While GISB presents itself as a legitimate entity promoting an Islamic lifestyle, a disturbing undercurrent reminiscent of its connection with the now-banned religious sect,
Kanmani
Gold prices have been consolidating below the $2,530 resistance level against the US Dollar. Despite staying above $2,480, the price has struggled to make significant gains. The 4-hour chart of XAU/USD shows that the price has remained stable above both the 100 Simple Moving Average (red, 4 hours) and the 200 Simple Moving Average (green,
In the world of financial markets, the recent burst of volatility has taken many traders by surprise. There is an inherent irony in the fact that trades which are only feasible and highly profitable in a low volatility environment are suddenly exposed when volatility spikes. FX “carry trades” and the “basis” trade in U.S. Treasuries
Carry trades have become increasingly popular in the FX space, as they involve borrowing in a low-interest-rate environment to invest in a higher-interest-rate environment. When it comes to the USD/JPY currency pair, carry trades typically involve being long on the US dollar or short on the Yen. This strategy often leads to exaggerated movements in
The crypto market experienced a loss of 0.75% in just 24 hours, bringing the total market value down to $2.29 trillion. This decline followed a trend of negativity in cryptocurrencies compared to the positive movement in equities the day before. The market sentiment index is currently at 57, indicating a sense of greed among traders.