Saqib Iqbal
Known for his conservative investing style, Saqib specializes in currency trading, with a particular focus on the GBPUSD pair. His analytical skills and market insights make him a respected voice in the financial community.
XRP Licks Wound After Dollar Rally Triggers Crypto Crash
XRP Faces Pressure Despite ResilienceXRPUSD is wobbling just above the $0.52 area after a slump in the crypto market, which erased $2 trillion. After reporting no change in employment reports and wage growth, the rally in the US dollar resulted in a weigh...
1 month ago
The Upcoming Fed’s Rate Decision and Its Impact on Gold, Oil, and Natural Gas
On the other hand, oil prices and natural gas are also enjoying a rally after dropping significantly due to supply disruptions.Fed Cuts to Boost GoldFollowing Fed Chair Powell’s confirmation of a rate cut at the Jackson Hole conference, gold prices increa...
1 month ago
GBP/USD Nudges Higher Amidst Fed-BoE Divergence
Chart AnalysisSince August 8, GBP/USD has been on an upward trajectory. The pair reached a low of 1.26648 and broke the 1.3250 resistance level on August 27 before dipping towards 1.3000.The pair regained bullish momentum after breaking through a descendi...
3 weeks ago
NASDAQ 100 Rallies After Rate Cut, Eyes on US Core PCE
The Nasdaq 100 enjoys an uptrend as the Fed’s aggressive rate cut and dovish outlook trigger market risk appetite. However, the lingering risk of the US falling into recession may hamper the rally.The index is looking to retest the July highs around 21,00...
3 weeks ago
Market Movers: US GDP & Core PCE Could Fuel Silver and EUR/USD Rally
The EUR/USD pair hit the yearly top at 1.1215 before retreating around 80 pips amid stronger-than-expected US home sales data. XAG/USD also benefits from the weaker dollar, reaching the 5-month peak at $32.50.Fundamental AnalysisAs the month-end and quart...
2 weeks ago
Middle East Crisis: Is the US Dollar Ultimate Beneficiary or Gold?
The US dollar has maintained the upper hand, but gold remains the real winner. The gold spot price has gained around 49% in the last 52 weeks. However, the Dollar Index has seen a loss of around 6% in the same period.Gold Price Technical AnalysisGold’s we...
1 week ago
Pounds to Dollars Outlook: Uptick US CPI Dampens Recovery, Eyes on 1.3000
However, the market’s reaction went favorable for the US dollar, resulting in pushing the risk assets to the downside. The GBP/USD outlook remains deteriorated after the CPI data release. The UK’s positive GDP numbers also didn’t help the pair to post a m...
3 days ago