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

IEA and OPEC’s Upbeat Predictions Lift Oil Prices

On Thursday, oil prices rose as the International Energy Agency and the OPEC producer group predicted robust growth in global oil demand. At the same time, severe winter weather disrupted US crude output. Moreover, the government reported a significant weekly decrease in crude inventories. There was a larger-than-expected draw in crude inventories, totaling 2.5 million Read More…

Fundamental Analysis

Equities Dip as December Retail Sales Exceed Forecasts

On Wednesday, Wall Street equities closed lower as December US retail sales data beat expectations. These sales figures dampened hopes for an early start to the Fed’s rate-cut campaign in March.  The optimistic sales report on Wednesday prompted economists to revise upward their growth estimates for the fourth quarter. Moreover, the report comes after solid Read More…

Fundamental Analysis

Equities Retreat on ECB’s Rate Cut Warning

On Monday, European equities closed lower as government bond yields increased, following warnings from ECB officials against premature rate cuts. Meanwhile, the US equity market was closed due to a public holiday.  Government bond yields rose across the region after ECB’s chief economist Philip Lane cautioned on Saturday that rapid rate cuts could lead to Read More…

Fundamental Analysis

Currency Futures Fall Despite Anticipated Early US Rate Cut

On Friday, currency futures fell despite a drop in US producer prices in December, increasing the likelihood of an early US rate cut. At the same time, the dollar fell after rising during the day due to safety buying following US and British military actions in Yemen. US producer prices (Source: Bureau of Labor Statistics) Read More…

Fundamental Analysis

Gold Hits One-Month Low on Surging Inflation

On Thursday, gold dropped to a one-month low as the dollar rose due to hotter-than-expected inflation data. Moreover, hawkish remarks from Fed officials raised concerns that higher interest rates might continue beyond March. The dollar index rose after US consumer prices rose more than anticipated in December because it potentially delays an anticipated US rate Read More…

Fundamental Analysis

US Crude Oil Prices Plummet as Stockpiles Soar

On Wednesday, US crude oil prices fell sharply due to an unexpected increase in US crude stockpiles. The report raised concerns about demand in the largest oil market.  WTI futures vs crude stockpiles (Source: Bloomberg, EIA) Despite an initial 1% gain, prices reversed direction following the US Energy Information Administration’s report. There was a surprise Read More…

Fundamental Analysis

Equities Take a Hit with Treasury Yields on the Rise

On Tuesday, equities ended lower as there was a slight increase in Treasury yields. Moreover, investors were speculating on the timing and magnitude of Fed rate cuts in 2024 and anticipating inflation data later in the week. The likelihood of a rate cut in March has decreased from 79% to 65.7%, according to CME’s FedWatch Read More…

Fundamental Analysis

Equities Rally Amidst Treasury Yield Decline

On Monday, equities gained as a drop in Treasury yields lifted mega-cap stocks. Treasury yields fell ahead of inflation readings and new government debt supply, with the 10-year US Treasury yield hitting a session low of 3.966%. The Nasdaq and S&P 500 saw their first daily percentage climbs of over 1% since Dec. 21. These Read More…

Fundamental Analysis

Currency Futures Decline as Dollar Steadies Amid Mixed Data

On Friday, currency futures dropped as the dollar remained stable following mixed data from the world’s largest economy. Moreover, the dollar gained nearly 1.1% for the week, marking its best weekly rise since mid-July. The euro weakened slightly against the dollar. This decline ended a three-week streak of increases. Meanwhile, the pound weakened slightly after Read More…

Fundamental Analysis

Gold Halts Decline, Gears Up for US Non-Farm Payrolls

On Thursday, gold stabilized after a four-session decline as investors prepared for the upcoming US non-farm payroll data. This report could impact the Federal Reserve’s interest-rate decisions. Jim Wyckoff, senior analyst at Kitco Metals, mentioned the need for a fresh spark in the gold market to start a rally. According to Wyckoff, stronger jobs data Read More…