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 Heads for Worst Week in Six on Rising Treasury Yields

On Thursday, gold prices appeared poised to record their worst week in six as investors prepared for a closely watched US jobs report.  US yields (Source: Bloomberg) This came after strong economic data during the week drove Treasury yields to their highest level in nine months. The increase in US long-term Treasury yields, which reached Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Slide 2% Despite Historic US Crude Stock Decrease

On Wednesday, oil prices declined by 2%, despite a significant drop in US crude stocks.  US crude oil inventories (Source: DOE) The Energy Information Administration reported a record decrease of 17 million barrels in US crude inventories. This resulted from increased refinery operations and robust crude exports. However, a major ratings agency’s downgrading of the Read More…

Fundamental Analysis

Equities Weaker as Investors Await Jobs Data and Earnings Reports

On Tuesday, US equities closed weaker, marking the start of the seasonally slow August. Investors were cautious ahead of US employment data and major companies’ earnings reports later this week. Shares of mega-cap growth companies like Tesla and Amazon.com, whose valuations suffer when borrowing costs rise, declined as the benchmark 10-year US Treasury note yield Read More…

Fundamental Analysis

Equities Climb as Traders’ Attention Turns to Corporate Earnings and Employment Data

Equities rose slightly on Monday as traders focused on upcoming corporate earnings and a crucial employment report this week. Notably, Apple Inc and Amazon.com will report on Thursday, along with other well-known companies like Caterpillar Inc, Starbucks Corp, and Advanced Micro Devices. Florian Ielpo from Lombard Odier Investment Managers remarked, “Markets are becoming more sensitive Read More…

Fundamental Analysis

Currency Futures Rise on Dollar’s Decline Amid Inflation Slowdown

Currency futures rose on Friday as the dollar declined against major currencies after new data showed a slowdown in inflation. Investors were also closely monitoring multiple central bank decisions last week to gain insights into the future of monetary policy. US inflation (Source: Bureau of Economic Analysis) In June, US annual inflation rose at its Read More…

Fundamental Analysis

Gold Prices Slide to Two-Week Low Amid Stronger Dollar, Rising Bond Yields

A stronger dollar and rising bond yields caused gold prices to drop over 1% to a two-week low. Spot gold declined by 1.4% to $1,943.89 per ounce, while US gold futures fell 1.36% to $1,943.40 per ounce.  The US dollar gained ground on Thursday, driven by news of stronger-than-expected economic growth in the country, despite Read More…

crude oil technical analysis
Fundamental Analysis

Oil Prices Slide 1% on US Crude Inventory Miss and Fed Rate Hike

On Wednesday, oil prices dropped by approximately 1% due to two factors. Firstly, data revealed that US crude inventories fell less than anticipated. Secondly, the Federal Reserve raised interest rates by 0.25 percentage points. Earlier in the session, oil experienced a decrease of more than $1, despite reaching three-month highs on Tuesday.  WTI futures (Source: Read More…

Fundamental Analysis

Equities Gain Amid AI Optimism, Led by Tech Heavy Nasdaq

US equities ended Tuesday higher as The Nasdaq, a technology-heavy index, drove gains. Investors were excited about artificial intelligence, anticipating earnings reports from tech giants Alphabet and Microsoft. Both Alphabet and Microsoft have introduced various AI products since the release of ChatGPT by OpenAI, which is backed by Microsoft. These new products offset the slowdown Read More…

Fundamental Analysis

Equities Surge on Improved Sentiment Amid Earning Reports, Looming Fed Meeting

On Monday, the Dow Jones Industrial Average led the upward trend on Wall Street, achieving its longest winning streak in six years. Investors showed confidence in various sectors, not just technology, amidst a week filled with earnings reports and a Federal Reserve meeting. They are eagerly anticipating the earnings of Microsoft, Google-owner Alphabet, and Meta Read More…

Fundamental Analysis

Currency Futures Drop as Dollar Recovers Ahead of FOMC Meeting

Currency futures fell on Friday as the dollar rose amid expectations of a Fed rate hike. The dollar recovered from its July lows in the last week. Dollar spot index (Source: Bloomberg) This week, central bank meetings will occur in the United States and Europe, with the Fed and the European Central Bank expected to Read More…