Author
Saqib Iqbal
Bio

Saqib Iqbal is a financial market analyst, serving the industry since 2011. The author is a mentor, providing training to individuals and organizations. Moreover, Saqib is a successful proprietary funds trader, managing a six-figure sum with an average annual ROI of 45%.


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Fundamental Analysis

Gold Surges to Highest Levels Since August 10th Amid Retreating Treasury Yields

On Thursday, gold surged to new highs before declining as the US dollar strengthened. The metal was on track for its best week in six weeks. Meanwhile, investors awaited a speech by Federal Reserve Chair Jerome Powell that might provide insights into the future of interest rates. US jobless claims (Source: US Labor Department) Earlier Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Drop 1% on Rising US Gasoline Stocks, Weak Global Manufacturing

On Wednesday, oil prices decreased by 1% due to concerns about demand amid increased US gasoline stocks and weak global manufacturing data. These concerns outweighed the positive sentiment regarding a larger-than-anticipated reduction in US crude stocks. Last week, US gasoline stocks increased by 1.5 million barrels, contrary to analyst predictions of an 888,000 barrel decrease. Read More…

Fundamental Analysis

Equities Dip as Worries Persist Over Prolonged Fed Rates

US equities closed slightly lower on Tuesday as investors remained worried that the Federal Reserve would hold higher interest rates for an extended period. Simultaneously, bank shares experienced a decline. The financial sector dropped by 0.9%, causing the biggest drag on the S&P 500.  Moreover, the S&P downgraded credit ratings for various regional US lenders, Read More…

Fundamental Analysis

Equities Rally on Nvidia’s Soaring Shares Ahead of Earnings

Equities ended Monday higher amid gains in Nvidia. The Nasdaq closed more than 1% higher on Monday. The S&P 500 also saw gains. Nvidia’s shares surged as investors expressed optimism before its upcoming earnings report. Other technology-related stocks also experienced increases.  The yield on 10-year Treasury notes reached levels last observed during the 2007 Great Read More…

Fundamental Analysis

Currency Futures Mixed as Dollar Gains on Safe Haven Demand

Currency futures ended mixed on Friday while the dollar closed a fifth week of gains, marking its longest winning streak in 15 months. The gains were driven by a growing demand for safer assets due to concerns about China’s economy and expectations of sustained high US interest rates.  China’s economic difficulties intensified as the property Read More…

Fundamental Analysis

Gold’s Weekly Slide Continues Amidst 10-Month High in US Treasury Yields

Gold was headed for its fourth consecutive weekly decline as longer-term US Treasury yields surged to a 10-month peak on Thursday. This surge in yields, concerns about the enduring impact of elevated interest rates, and a struggling Chinese economy accelerated the decline of gold prices. The benchmark 10-year yields climbed to 4.312%, testing October’s 4.338%, Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Slide as China Concerns Overshadow US Crude Stock Decline

On Wednesday, oil prices dropped despite a significant decrease in US crude stocks. Investors were torn between concerns about China’s struggling economy and the anticipation of tighter supply in the United States. In the previous session, oil benchmarks fell more than 1%, reaching their lowest point since August 8th.  WTI and Brent futures (Source: Nymex, ICE) Read More…

Fundamental Analysis

Equities Tumble Amid Surprising Retail Sales Increase

US equities ended the day lower on Tuesday, experiencing a significant decrease in value. This drop came after retail sales data exceeded expectations, causing concerns about the possibility of higher interest rates lingering.  At the same time, major US banks faced declines due to a report indicating potential downgrades by Fitch for certain lenders. US Read More…

Fundamental Analysis

Equities Soar with Remarkable Surge of Chipmaker Nvidia

The equity indexes ended higher on Monday, driven by chipmaker Nvidia’s remarkable surge. This surge was sparked by Morgan Stanley’s positive note and a boost seen in other major growth stocks. Nvidia’s stock soared by 7.1%, marking its most significant one-day rise since May 25. This surge was comparable to the 24% increase in May, Read More…

Fundamental Analysis

Currency Futures Slide as Dollar Gains Traction on Elevated US Producer Prices

On Friday, currency futures dipped as the dollar rose after the US reported higher US producer prices in July. This was despite growing speculation that the Fed might finally stop raising interest rates. The Producer Price Index (PPI) went up due to a rise in service costs, causing unease among traders. The surge in the Read More…