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

Equities Slide as Tech Giants Nvidia and AMD Weigh on Sentiment

Equities fell on Monday, led by a decline in tech stocks like Nvidia and Advanced Micro Devices. Meanwhile, market participants were cautious as they eagerly awaited the US consumer inflation report for more clues on the outlook for US monetary policy.  Nvidia fell 2.5% after reports that China was investigating the company for violating antimonopoly Read More…

Fundamental Analysis

Currency Futures Ease Amid Mixed US NFP, Upbeat Sentiment Data

Currency futures eased on Friday as the dollar rose after a mixed nonfarm payrolls report. At the same time, a US consumer sentiment report revealed higher expectations for inflation, boosting the dollar. However, the trend slowly reversed on Monday as the focus shifted from employment to the upcoming US consumer inflation figures. Data on Friday Read More…

Interest Futures
Fundamental Analysis

Interest Futures Edge Higher as Caution Prevails Ahead of NFP

Interest futures edged higher as the dollar and Treasury yields eased after downbeat US employment figures. However, the price traded in a thin range as market participants cautiously awaited the US nonfarm employment report. US jobless claims (Source: Labor Department) The dollar eased slightly after Thursday’s data revealed an unexpected increase in US unemployment claims. Read More…

Fundamental Analysis

Oil Prices Slide 2% as Markets Brace for OPEC+ Decision

Oil prices dropped about 2% on Wednesday, extending the move into Thursday as market participants eagerly awaited the OPEC+ meeting. At the same time, investors were awaiting crucial US data on employment that will shape the outlook for Fed rate cuts. Oil futures (Source: ICE, Nymex) The OPEC+ meeting is significant because the group will Read More…

Fundamental Analysis

Gold Price Gains on Safe-Haven Demand Amid Geopolitical Uncertainty

Gold prices rose on Tuesday and Wednesday amid safe-haven demand due to political uncertainty in South Korea and France. However, it eased slightly when the US released upbeat employment data in the previous session. Market participants now look forward to the crucial US nonfarm payrolls for clues on future Fed policy moves. Gold (Source: Bloomberg) Read More…

Fundamental Analysis

Equities Hit Record Highs on Fed Rate Cut Hopes

Equities ended at record closes on Monday due to increased bets for a December Fed rate cut. Meanwhile, there was anticipation ahead of crucial US data and Fed policymaker remarks. Notably, stocks ended November in the green due to the Trump trade. Some of this optimism might spill into December.  S&P 500 index (Source: Bloomberg) Read More…

Fundamental Analysis

Currency Futures Extend Gains in Post-Thanksgiving Dollar Slump

Currency futures extended Friday’s move when the dollar ended the week down amid the US Thanksgiving holiday. At the same time, the greenback was weak as market participants geared up for key US economic reports. The dollar had a bearish week as market focus shifted from Trump’s win to the looming Fed policy meeting. However, Read More…

Interest Futures
Fundamental Analysis

Interest Futures Rally as Trump Trade Fades, Rate Cut Bets Rise

Interest futures had a strong rally this week as the Trump trade faded and data solidified bets for a December Fed rate cut. Meanwhile, Treasury yields and the US dollar eased from their peaks amid thin holiday trading on Thursday and Friday. The dollar and Treasury yields have rallied in November after Trump won the Read More…

Fundamental Analysis

Oil Prices Hold Flat Amid US Holiday and Mixed Data

Oil prices held flat on Thursday as the US observed the Thanksgiving holiday. Moreover, US crude and gasoline inventories data in the previous session revealed a mixed picture of demand.  Data on Wednesday revealed that US gasoline inventories increased by 3.3 million barrels. Meanwhile, economists had expected a 46,000 barrel draw. At the same time, Read More…

Fundamental Analysis

Gold Bounces Back as Dollar Softens Before US Inflation Report

Gold rebounded on Wednesday as the dollar fell ahead of crucial US inflation data. In the previous two sessions, gold eased amid reports of a looming ceasefire in the war between Israel and Hezbollah. Moreover, Trump’s pick for the next US Treasury Secretary boosted the dollar and weighed on the yellow metal. The greenback paused Read More…