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 Decline as Dollar Climbs on Safe-Haven Appeal

Currency futures fell on Friday as the dollar rose on safe-haven appeal. The dollar gained strength against the euro due to disappointing global business activity data, negatively affecting risk sentiment. Additionally, hawkish statements from central banks added pressure on riskier currencies. In June, US business activity experienced a decline, reaching a three-month low. Survey data Read More…

Uncategorized

Gold Plummets as Powell Promises More Hikes to Come

Gold reached a three-month low on Thursday and was on track for its most significant weekly decline since February. Gold prices declined as Jerome Powell, the Chairman of the US Federal Reserve, maintained a hawkish stance and indicated that the central bank’s tightening cycle is not yet over.  Powell reiterated his belief that there would Read More…

crude oil technical analysis
Fundamental Analysis

Oil Surges as a Rise in US Corn and Soybean Prices Improves Demand Outlook

On Wednesday, oil prices increased by one dollar per barrel due to the rise in US corn and soybean prices, which reached multi-month highs. This surge in agricultural prices led to expectations that global crop shortages would decrease the blending of biofuels and subsequently increase the demand for oil.  Traders noted that Chicago Board of Read More…

Fundamental Analysis

Equities Decline Amid Signs of Weakening Global Demand

On Tuesday, US equities declined, closing with negative results as investors took profits after a sustained rally amid indications of weakening global demand. Fed Chairman Jerome Powell’s upcoming congressional testimony on Wednesday could further impact the market.  The S&P 500 and the Dow were weighed down by Exxon Mobil Corp, causing all three major US Read More…

Fundamental Analysis

Equities Decline in Thin Trading Ahead of Jerome Powell’s Testimony

European equities declined on Monday as investors awaited additional stimulus measures from China and focused on the upcoming testimony from Federal Reserve Chair Jerome Powell. US markets were closed for a public holiday, resulting in thin trading.  China’s cabinet met to discuss measures for boosting economic growth. According to state media, China lowered its key Read More…

Fundamental Analysis

Currency Futures Mixed After Multiple Central Bank Meetings

Currency futures closed mixed on Friday after a week full of policy decisions. The Japanese yen weakened against the greenback, reaching its lowest point in six months. The Bank of Japan, as anticipated, maintained its short-term rate target of -0.1% and its 10-year bond yield cap of 0%.  Despite higher-than-expected inflation, the central bank continued Read More…

Fundamental Analysis

Gold Demand Soars as Dollar Plunges After ECB Rate Hike

Gold prices increased from a three-month low due to a decline in the dollar and bond yields caused by US economic data. The dollar dropped after the European Central Bank raised interest rates following the Federal Reserve’s pause in rate hikes. The European Central Bank lifted interest rates to a 3.5% high, indicating the possibility Read More…

crude oil technical analysis
Fundamental Analysis

Oil Loses Ground as Fed Flags More Rate Hikes in 2023

Oil prices fell by 1.5% on Wednesday after the US Federal Reserve announced more interest rate hikes for 2023. This news raised concerns about demand in the market, especially after government data revealed a significant unexpected increase in US crude oil stocks.  Oil had climbed more than 1.5% earlier in the session. The previous day, Read More…

Fundamental Analysis

Equities Surge as US Inflation Eases, Confirming Bets of a Fed Pause

Equities rose on Tuesday amid optimism of a looming Fed pause. The S&P 500 and Nasdaq achieved their highest closing points in 14 months. This was driven by the data release indicating a modest increase in consumer prices in May. As a result, investors are now more confident that the Fed will not lift interest Read More…

Fundamental Analysis

Equities Soar as Investors Brace for US Inflation Figures and Monetary Policy Meetings

US equities rose on Monday, with the S&P 500 and the Nasdaq reaching their highest closing levels since April 2022. Investors eagerly awaited the week’s inflation data and the Federal Reserve’s interest rate decision.  Amazon, Apple, and Tesla contributed to the S&P 500’s recovery of 21% from its October 2022 lows. Some investors believe Wall Read More…

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