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

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…

Fundamental Analysis

Oil Prices Rally 3% on Global Supply Disruption Concerns

On Wednesday, oil prices rose approximately 3% due to a disruption at Libya’s primary oilfield. This incident heightened concerns about potential disruptions in global oil supplies. Moreover, there were escalating tensions in the Middle East.  Oil rose for the first time in five days, marking the most significant daily percentage gain for WTI since mid-November. Read More…

Fundamental Analysis

Equities in Europe and Wall Street Slide Amid Rate Cut Uncertainty

Equities in Europe and Wall Street dropped on Tuesday, accompanied by a decline in US government debt. This drop reflects reduced market optimism regarding prompt Fed interest rate cuts. Equities and bonds (Source: Bloomberg) Meanwhile, the dollar surged against major currencies as the yield on the 10-year Treasury note increased. This also signaled reduced expectations Read More…

Fundamental Analysis

Equities Edge Down After a Strong Year-End Rally

US equities ended Friday slightly lower, closing a solid year-end rally as investors anticipated Fed rate cuts in the year ahead. S&P 500 weekly performance (Source: Bloomberg) Equities have risen strongly in the last months of the year. The S&P 500, the Dow, and the Nasdaq recorded nine consecutive weeks of gains. For the S&P Read More…