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 Surges as Dollar Declines Amid Reduced June Rate Hike Bets

On Thursday, gold surged by nearly 1% to reach a one-week peak due to a decline in the dollar’s value amid reduced rate hike expectations. The rise in gold also occurred after the US House of Representatives approved a bill to lift the federal debt limit. Despite opposition from hardline members of both political parties, Read More…

crude oil technical analysis
Fundamental Analysis

Oil Declines on Stronger Dollar and Weaker Chinese Data

Oil prices fell on Wednesday due to a stronger US dollar and disappointing data from China, raising concerns about demand. Chinese manufacturing activity declined more than anticipated in May. The manufacturing purchasing managers’ index dropped to 48.8 from April’s 49.2, falling short of the expected 49.4 and resulting in a sharp decline in oil prices. Read More…

Fundamental Analysis

Equities End Flat Amid Debt Ceiling Woes, Support from Nvidia

Worries over opposition to a debt ceiling increase pressured equities on Equities, resulting in a mixed closing on Tuesday. However, the market received support from a surge in Nvidia shares, briefly propelling the chipmaker’s value to $1 trillion, a rare achievement. The S&P 500 index closed with minimal change but remained close to its highest Read More…

Fundamental Analysis

Equities Decline, But Debt Ceiling Optimism Lifts Wall Street Futures

European equities experienced slight declines on Monday, while Eurozone bond yields decreased. However, the news of a debt ceiling deal in the US over the weekend maintained positive sentiment for Wall Street futures. US President Joe Biden and top congressional Republican Kevin McCarthy agreed on Saturday to raise the federal government’s $31.4 trillion debt ceiling Read More…

Fundamental Analysis

Currency Futures End Lower as Dollar Posts Third Week of Gains

Currency futures fell as the dollar gained for the third consecutive week on Friday due to increased expectations of higher interest rates and ongoing discussions about the US debt ceiling. Talks between President Joe Biden and top congressional Republican Kevin McCarthy showed some progress and calmed investors. However, doubts remained about the timing of an Read More…

Fundamental Analysis

Gold Plunges to 2-Month Low Amid Progress in Debt Ceiling Talks

Optimism surrounding the US debt ceiling talks and strong economic data exerted downward pressure on gold, pushing it to a two-month low on Thursday. Safe-haven demand for bullion diminished as US President Joe Biden and top congressional Republican Kevin McCarthy neared a potential agreement to cut spending and raise the debt ceiling. The progress in Read More…

crude oil technical analysis
Fundamental Analysis

Oil Rallies on Crude Stocks Draw, Saudi Minister’s Warning

Oil prices increased by 2% on Wednesday due to a significant and unexpected decrease in US crude inventories. The Saudi energy minister’s warning about potential OPEC+ production cuts further contributed to the rise.  The Energy Information Administration on Wednesday reported a substantial weekly drawdown of 12.5 million barrels, bringing US crude inventories to 455.2 million. Read More…

crude oil technical analysis
Fundamental Analysis

Equities Plunge Amid No Breakthrough on US Debt Talks

US equities experienced a significant decline on Tuesday, and short-term Treasury yields surged as investor concerns heightened due to the lack of progress in US debt limit negotiations. Representatives from President Joe Biden’s administration and congressional Republicans concluded another round of talks on the debt ceiling on Tuesday. The deadline to raise the government’s borrowing Read More…

Fundamental Analysis

Equities Mixed as Investors Await the US Debt-Ceiling Talks Outcome

US Equities had a mixed finish on Monday as the Nasdaq benefited from gains in Alphabet and Meta Platforms, while the S&P 500 remained nearly unchanged. Investors chose not to make significant bets as they awaited fresh talks about raising the US debt ceiling. US President Joe Biden and top congressional Republican Kevin McCarthy scheduled Read More…

Fundamental Analysis

Currency Futures Climb as Dollar Slips After Powell’s Speech

Most currency futures rose on Friday as the dollar dropped due to Federal Reserve Chair Jerome Powell’s unexpected dovish stance. Contrary to market expectations, Powell stated that the US central bank might not need to raise interest rates as much, considering the tightening of credit conditions.  Additionally, the dollar faced pressure from a pause in Read More…