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

Equities End Mixed as Investors Assess the Fed’s Policy Outlook

US equities ended mixed on Monday, with the S&P 500 nearly flat and Nasdaq higher. Investors assessed the possibility of the Fed keeping interest rates high for an extended period. The Nasdaq increased as Nvidia’s shares rose by 2.9% after Goldman Sachs included the chipmaker in its list of preferred stock picks. Meanwhile, Fed Governor Read More…

Fundamental Analysis

Currency Futures Gain Momentum as the Dollar Weakens

On Friday, currency futures edged higher against a weakening dollar. Still, the dollar was poised to achieve its largest quarterly gain in a year, marking the 11th consecutive week of gains. Investors factored in the probability of a strong economy and sustained higher interest rates.  Despite earlier setbacks, the greenback rebounded following data revealing an Read More…

Fundamental Analysis

Gold Prices Take a Dive Ahead of Key Inflation Report

Gold prices tumbled on Thursday as investors evaluated recent US economic data and awaited a crucial inflation report. They also closely watched Washington to see if US lawmakers could prevent a government shutdown. Gold also struggled due to soaring Treasury yields, which hovered near their highest levels in 16 years. This rise followed the Federal Read More…

Fundamental Analysis

Oil Prices Spike 3% as US Crude Reserves Plummet

Oil prices jumped 3% on Wednesday to the highest closing price in 2023 after a steep drop in US crude inventories increased fears of tight global supplies. According to government data, US crude inventories dropped by 2.2 million barrels to 416.3 million last week. The figure beat the 320,000-barrel drop forecast by analysts in a Read More…

Fundamental Analysis

Equities Slide as 10-Year Treasury Yields Remain Elevated

On Tuesday, US equities declined by more than 1% as 10-year Treasury yields maintained their multi-year highs. Investors grappled with the possibility of prolonged high interest rates and the resulting economic consequences.  US Treasury Yields (Source: Bloomberg) Amid rising Treasury yields, the Dow experienced its most significant one-day percentage drop since March, and all three Read More…

Fundamental Analysis

Equities Climb with Amazon and Energy Sector

US equities gained ground on Monday as Amazon.com shares and the energy sector saw increases. Treasury yields continued to rise. Investors await economic data and Federal Reserve policymakers’ statements for clarity on interest rates later in the week. US long-end Treasury Yields (Source: Bloomberg) Investors are contending with benchmark Treasury yields reaching 16-year highs. This Read More…

Fundamental Analysis

Currency Futures Decline on US Economic Strength

Currency futures fell against the dollar on Friday amid signs of the United States’ superior economic position compared to other major economies.  US business activity (Source: S&P Global) S&P Global reported a slight decrease in its flash US Composite PMI index for September, dropping from August’s final reading of 50.2 to 50.1. Still, September’s result Read More…

Fundamental Analysis

Gold Extends Decline Amid Dollar and Treasury Yield Rally

On Thursday, gold continued its decline for the third consecutive session. This decline was due to a rally in the dollar and treasury yields following a warning from the US Federal Reserve about a potential rate hike. While the Fed kept interest rates unchanged on Wednesday, its updated quarterly projections indicated the possibility of another Read More…

Fundamental Analysis

Oil Prices Slip 1% to One-Week Low After Fed’s Rate Decision

Oil prices dropped by about 1% to a one-week low on Wednesday following the Fed’s rate decision. The US Federal Reserve held rates unchanged as markets had expected. However, it maintained its hawkish stance with another rate hike projected for the end of this year.  Brent futures for November delivery went down 81 cents, or Read More…

Fundamental Analysis

Equities Falter Ahead of Fed’s Decision

Equities lost ground on Tuesday as the US Federal Reserve convened its highly-anticipated two-day monetary policy meeting. This meeting caused a shift toward risk-averse sentiment. All three US indices ended lower in a widespread sell-off before the Fed’s impending interest rate announcement on Wednesday.  The Fed will also unveil its Summary Economic Projections, including its Read More…