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

Gold Dips as Fed Rate Outlook Remains Unchanged

Gold declined on Thursday, marking another month of losses. As-expected US inflation figures and weaker job data reinforced the anticipation that the Federal Reserve will maintain interest rates at their current levels throughout this year. The price of gold settled down by 0.36% at $1,965.9 per ounce, concluding the month with a 2.16% decrease, marking Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Jump as US Crude Supplies Shrink

Oil prices rose on Wednesday due to tighter-than-expected US crude supplies, although concerns about the Chinese economy tempered the gains. On Tuesday, oil benchmarks surged by over a dollar as the US dollar weakened, following soft jobs data. This report reduced the chances of further interest rate hikes. US crude inventories (Source: Bloomberg, EIA) On Read More…

Fundamental Analysis

Equities Rebound Strongly as Monthly Job Openings Decline

US equities surged on Tuesday as Tesla, Nvidia, and other mega-cap growth stocks drove the rally following a decline in monthly job openings. The decline solidified expectations of the US Federal Reserve hitting a pause on interest rate hikes. The S&P 500 marked its most robust daily upswing since June 2, while the Nasdaq recorded Read More…

Fundamental Analysis

Equities Soar Amid Gains in 3M and Goldman Sachs

Equities rallied on Monday, driven by gains in 3M and Goldman Sachs. Moreover, the focus was on upcoming inflation and jobs data, pivotal for insights into the Federal Reserve’s interest rate trajectory. All three leading stock indices saw increases.  Investors processed recent remarks from Fed Chair Jerome Powell, suggesting the need to raise interest rates Read More…

Fundamental Analysis

Currency Futures Weaken as Dollar Firms on Powell’s Remarks

The dollar held firm on Friday after Powell’s speech, putting pressure on currency futures. The Federal Reserve Chair Jerome Powell said the central bank may need to hike interest rates further to ensure inflation drops but promised to proceed “carefully” at upcoming meetings.  In a speech at a summit on the economy in Jackson Hole, Read More…

Fundamental Analysis

Gold Surges to Highest Levels Since August 10th Amid Retreating Treasury Yields

On Thursday, gold surged to new highs before declining as the US dollar strengthened. The metal was on track for its best week in six weeks. Meanwhile, investors awaited a speech by Federal Reserve Chair Jerome Powell that might provide insights into the future of interest rates. US jobless claims (Source: US Labor Department) Earlier Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Drop 1% on Rising US Gasoline Stocks, Weak Global Manufacturing

On Wednesday, oil prices decreased by 1% due to concerns about demand amid increased US gasoline stocks and weak global manufacturing data. These concerns outweighed the positive sentiment regarding a larger-than-anticipated reduction in US crude stocks. Last week, US gasoline stocks increased by 1.5 million barrels, contrary to analyst predictions of an 888,000 barrel decrease. Read More…

Fundamental Analysis

Equities Dip as Worries Persist Over Prolonged Fed Rates

US equities closed slightly lower on Tuesday as investors remained worried that the Federal Reserve would hold higher interest rates for an extended period. Simultaneously, bank shares experienced a decline. The financial sector dropped by 0.9%, causing the biggest drag on the S&P 500.  Moreover, the S&P downgraded credit ratings for various regional US lenders, Read More…

Fundamental Analysis

Equities Rally on Nvidia’s Soaring Shares Ahead of Earnings

Equities ended Monday higher amid gains in Nvidia. The Nasdaq closed more than 1% higher on Monday. The S&P 500 also saw gains. Nvidia’s shares surged as investors expressed optimism before its upcoming earnings report. Other technology-related stocks also experienced increases.  The yield on 10-year Treasury notes reached levels last observed during the 2007 Great Read More…

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…