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 Close Mixed as Nvidia Powers Nasdaq and S&P 500, Dow Falters on Yields

Equities ended Tuesday mixed, with the Nasdaq and S&P 500 rising due to a rally in Nvidia shares and the Dow falling due to higher Treasury yields. The rally in Treasury yields came amid a weak auction and upbeat US data. Nvidia shares rose 7%, leading to a rally in other chip stocks. This had Read More…

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Fundamental Analysis

Gold Prices Rebound 1% After Deeper Retracement Under $2,330

Gold prices rose by 1% on Monday after reaching a two-week low in the previous session. The rally came amid a pullback in the dollar and Treasury yields as investors geared up for more clues about Federal Reserve rate cuts. However, the general trend remained down, with prices well below recent highs due to a Read More…

Fundamental Analysis

Currency Futures Climb as Dollar Retreats from Recent Highs

Currency futures rose on Friday as the dollar pulled back from its recent highs amid profit-taking. However, the outlook for the greenback remains bullish, given the better-than-expected economic reports from the US.  US data in the last week has shown that the economy remains resilient despite high interest rates. Consequently, traders have dialed down expectations Read More…

Interest Futures
Fundamental Analysis

Strong US Economic Data Lifts Treasury Yields, Lowers Interest Futures

Interest futures ended lower on Thursday as Treasury yields soared after positive US data. The rally in yields came as market participants lowered bets on Fed rate cuts. PMI data and weekly jobless claims pointed to a still robust economy, raising fears that the Fed might further delay rate cuts.  US business activity (Source: S&P Read More…

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Fundamental Analysis

Hawkish Fed Minutes, Soaring Crude Stocks Send Oil Prices Down 1%

Oil prices fell 1% on Wednesday as investors worried about the risk of high interest rates for longer in the US after hawkish Fed meeting minutes.  At the same time, a bigger-than-expected increase in crude inventories weighed on prices. The US released the FOMC meeting minutes, which showed that policymakers were ready to hold high Read More…

Fundamental Analysis

Gold Prices Retreat as Fed Tempers Rate Cut Hopes

Gold prices pulled back slightly on Wednesday as Fed policymakers pushed back rate cut expectations. However, prices remained near the highs hit in the previous session due to increased demand and optimism about easing US inflation. Fed policymakers have warned against the rising confidence that US inflation is back on a downtrend. Most of them Read More…

Fundamental Analysis

Equities Boom: Nasdaq Hits Record High Ahead of Nvidia Earnings

Equities ended higher on Monday, with the Nasdaq reaching a new record high as investors waited for Nvidia’s earnings report. At the same time, optimism amid signs of cooling inflation in the US increased rate cut expectations. However, policymakers put a lid on gains with hawkish statements, which weighed on the S&P 500 and the Read More…

Fundamental Analysis

Currency Futures Up as Dollar Falls on Rate Cut Prospects

Currency futures rose on Friday as the dollar fell amid rate cut speculation after the US consumer inflation report. However, policymakers maintained a slightly hawkish tone, putting a floor on further declines in the dollar. Dollar index (Source: Bloomberg) Last week, the US released several economic reports that led to an increase in Fed rate Read More…

Interest Futures
Fundamental Analysis

Interest Futures Pull Back After Peaking on Fed Rate Cut Hopes

Interest futures fell on Thursday after reaching new highs due to increased Fed rate cut expectations. The pullback came amid inflation worries after new economic data from the US. Still, interest futures are heading for a bullish week with increased rate-cut optimism. On Thursday, the US released data showing a bigger-than-expected 0.9% increase in import Read More…

Fundamental Analysis

Oil Prices Rise 1% as Crude Inventories Drop, US Inflation Softens

Oil price rose nearly 1% on Wednesday, climbing from a two-month low in the previous session due to a big draw in crude inventories and softer inflation in the US. Consequently, there was optimism about demand and looming Fed rate cuts. Data on Wednesday revealed a more significant decline in crude inventories than expected. The Read More…