Saqib Iqbal - OneUp Trader Blog

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%.

Fundamental Analysis

Oil Rally Resumes as US-Iran Talks Hit Roadblocks

Oil resumed its rally on Thursday as market participants worried about supply disruptions in the Middle East. Hopes to reopen the Strait of Hormuz have faded as the US and Iran disagree on the terms.

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Fundamental Analysis

Gold Falls as Oil Surge Revives September Fed Hike Bets

Gold prices fell on Tuesday as yields gained amid rising tensions in the Middle East. Progress towards a deal has stalled, with Iran saying the Strait of Hormuz will remain closed. As a result, oil prices rose, rekindling inflation worries and increasing chances of a Fed rate hike in September. Gold (Source: Bloomberg) Bullion has Read More…

Fundamental Analysis

US Equities Face a New Test as Oil and Yields Rise

US equities remain on a weaker footing after a strong rally pushed major indexes to record levels. The S&P 500 closed Monday at 7,745.06, down 0.5%, while the Nasdaq Composite slipped 0.3% to 26,644.91. The Dow Jones Industrial Average also fell 0.5%. Despite the pullback, Wall Street remains close to historical highs. The recent rally Read More…

Fundamental Analysis

Currency Futures Rally as Fed Rate Hike Bets Fade

Currency futures gained on Monday as the dollar extended declines from the previous week amid a drop in Fed rate hike expectations. Economic data released last week showed easing inflation and a slower economy. Meanwhile, market participants are watching rising tensions in the Middle East with no new deal in sight. Recent US data has Read More…

Fundamental Analysis

Interest Futures Rally as Soft PPI Dashes Fed Hike Bets

Interest futures soared on Thursday after US data revealed softer-than-expected wholesale inflation. The PPI report led to a decline in Fed rate hike expectations, sending yields lower. However, if there is no deal to end the war in Iran, oil prices will keep rising, pushing inflation higher. The bond market recovered this week as traders Read More…

Fundamental Analysis

Oil Hovers Near Highs Amid Rising Supply Risks

Oil prices traded near weekly highs as traders worried about oil supply amid the Middle East crisis. Meanwhile, experts forecast a drop in global demand this year, which could further tighten the market. Brent futures (Source: ICE, Bloomberg) Oil prices were declining last week as traders hoped for a deal to reopen the Strait of Read More…

Fundamental Analysis

Gold Posts Best Week Since January as Fed Hike Bets Fade

Gold closed its best week since January on Friday as Fed rate hike expectations eased. A resumption of talks in the Middle East and a downbeat nonfarm payrolls report lowered the likelihood of a rate hike in September. Market participants are now awaiting more policy cues from the US CPI report. Gold weekly performance (Source: Read More…

Fundamental Analysis

Equities Extend Best Week Since April on Job Weakness, Hormuz Optimism

Equities edged higher on Tuesday, extending Friday’s rally after a poor US jobs report. At the same time, hopes for a deal to reopen the Strait of Hormuz improved risk appetite, which saw stocks end the best week since April. This week, the US CPI report due on Wednesday will continue to shape the outlook Read More…

Uncategorized

Currency Futures Hold Firm as US Jobs Shock Hits Dollar

Currency futures remained elevated on Monday as the dollar wallowed near a two-month low after Friday’s jobs report. The US economy unexpectedly lost jobs in July, leading to a decline in Fed rate hike expectations. This week, all eyes will be on the US consumer inflation report for more cues on Fed policy. The dollar Read More…

Fundamental Analysis

Interest Futures Sink on Iran’s Strait of Hormuz Traffic Plan

Interest futures collapsed on Thursday, giving back most of this week’s gains after reports of a restrictive draft plan for traffic through the Strait of Hormuz. The bond market had recovered this week as tensions between the US and Iran eased, giving room for talks. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls Read More…

Oil Rally Resumes as US-Iran Talks Hit Roadblocks

Gold Falls as Oil Surge Revives September Fed Hike Bets

US Equities Face a New Test as Oil and Yields Rise

Currency Futures Rally as Fed Rate Hike Bets Fade

Interest Futures Rally as Soft PPI Dashes Fed Hike Bets

Oil Hovers Near Highs Amid Rising Supply Risks

Gold Posts Best Week Since January as Fed Hike Bets Fade

Equities Extend Best Week Since April on Job Weakness, Hormuz Optimism

Currency Futures Hold Firm as US Jobs Shock Hits Dollar

Interest Futures Sink on Iran’s Strait of Hormuz Traffic Plan

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