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 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…

Fundamental Analysis

Gold Jumps 0.8% Before Collapsing as US Inflation Figures Miss the Mark

On Thursday, gold experienced a rise of up to 0.8% in response to the data release indicating that the US consumer price index increased by a lower-than-expected 3.2% annually.  US inflation (Bureau of Labor Statistics) This growth fell short of the 3.3% forecast from the Reuters poll. Still, the overall outcome has led to speculation Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Rise on US Fuel Reserve Decrease and Output Cuts

On Wednesday, oil prices rose as the global Brent benchmark surged to its highest since January. This rise came after US fuel reserves were significantly reduced, combined with output cuts from Saudi Arabia and Russia. These cuts overshadowed worries about sluggish demand from China. The West Texas Intermediate crude ended at $84.40, marking a $1.48 Read More…

Fundamental Analysis

US Equities Close with Broad Declines as Moody’s Downgrades Spark Concerns

On Tuesday, US equities ended the day in decline due to a widespread sell-off. The credit rating agency Moody’s downgraded several lenders, sparking renewed concerns about the well-being of US banks and the economy. After a five-month surge, which brought the S&P 500 and Nasdaq Composite close to their all-time highs, August has seen five Read More…

Fundamental Analysis

Equities Bounce Back Ahead of Key Inflation Report

US equities rebounded on Monday, recovering some ground lost the previous week. Investors increased their holdings in anticipation of Thursday’s eagerly anticipated US inflation report. Last week, the main stock indexes experienced declines. Investors took profits following months of gains due to concerns about economic data, mixed earnings, and rising Treasury yields. In 2023, US Read More…