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 Climb After Indications of Weakness in the US Labour Market

Currency futures rose on Friday as the dollar dropped due to indications of a weaker US labor market. This weakness diminished expectations of the Fed maintaining higher interest rates. At the same time, concerns over the 10-year Treasury yield surpassing 4% led to a surge in the yen. US employment (Source: Bureau of Labor Statistics) Read More…

Fundamental Analysis

Gold Nears One-Week Low After US Private Payrolls Surprise

Gold prices declined after a stronger-than-anticipated US private payrolls report, reaching a nearly one-week low on Thursday. The employment report boosted expectations for additional interest rate hikes by the Federal Reserve, resulting in higher Treasury yields.  Despite concerns of a recession due to rising interest rates, the June data revealed a greater-than-expected increase in US Read More…

crude oil technical analysis
Fundamental Analysis

Oil Gains 3% on New Saudi and Russia Supply Cuts

On Wednesday, US crude oil surged approximately 3%, narrowing the price difference with the global benchmark Brent. This was a response to the supply cuts announced by Saudi Arabia and Russia on Monday.  Saudi Arabia, the largest crude exporter globally, declared an extension of its voluntary output reduction of 1 million barrels per day (bpd) Read More…

Fundamental Analysis

Equities Subdued Amid Global Interest Rate Uncertainty

On Tuesday, European equities remained stable in low-volume trading due to the absence of fresh economic data from the region and uncertainty regarding global interest rates. Investors exercised caution as they assessed hawkish signals from central bankers alongside indications of slowing global growth.  The pan-European STOXX 600 index closed slightly higher, increasing by 0.1% and Read More…

Fundamental Analysis

Equities End Mixed as US Markets Close for a Holiday

US equities closed the holiday-shortened session on Monday with slight gains, aided by a surge in Tesla stock and the strength of bank shares as the second half of the year began on a subdued note. Tesla’s shares soared by 6.9% after the electric vehicle manufacturer announced a record number of vehicle deliveries during the Read More…

Fundamental Analysis

Currency Futures Rise as US Consumer Spending Slows

On Friday, currency futures rose as the dollar decreased after gaining for two consecutive days. This drop resulted from economic data indicating decreased consumer spending, which raised doubts about the Federal Reserve’s aggressive approach to combating inflation.  US PCE price index (Source: Bureau of Economic Analysis) According to the Commerce Department, consumer spending rose slightly Read More…

Fundamental Analysis

Gold Rebound Amid Bargain Hunt, With a Bleak Outlook

Gold rebounded on Thursday from a momentary drop below the $1,900 psychological level, which was triggered by a series of strong US economic readings. Following the release of the data, prices dipped below $1,900 for the first time since mid-March.  This drop was supported by a 0.4% strengthening in the dollar index, which made gold Read More…

crude oil technical analysis
Fundamental Analysis

Oil Records 3% Gain on Surprise Inventories Drop

On Wednesday, oil prices increased by approximately 3%. This was due to a larger-than-expected second consecutive weekly decrease in US crude stockpiles.  WTI price chart (Source: Nymex) The US Energy Information Administration reported a significant drop of 9.6 million barrels in crude inventories for the week ending on June 23. This surpasses the 1.8-million barrel Read More…
Fundamental Analysis

Equities Rise as Upbeat Economic Data Eases Recession Worries

On Tuesday, US equities recovered from a losing streak due to positive economic data. This eased investor concerns about an impending recession caused by the Federal Reserve’s aggressive interest rate increases.  US housing, factory orders and confidence data (Source: Commerce Department, Conference Board) In May, new orders for important US-manufactured capital goods unexpectedly increased, and Read More…

Fundamental Analysis

Equities End Lower Amid Political Uncertainty in Russia

US equities closed lower on Monday due to investor caution regarding riskier assets and uncertainty surrounding Russia’s failed mutiny over the weekend. The rebellion led by Russian mercenaries raised doubts about the future of President Vladimir Putin.  While Putin expressed gratitude towards the fighters and commanders who avoided bloodshed by standing down, the US State Read More…