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 Tumbling to Three-Week Low Amid Trump’s Victory

Gold prices plunged to a three-week low on Wednesday after Trump won the US presidential election. Meanwhile, the US dollar surged to a four-month high, making gold more expensive for foreign buyers. However, the market focus has shifted to the upcoming US central bank policy meeting.  Republican candidate Donald Trump won the election on Wednesday, Read More…
Fundamental Analysis

Equities Mildly Retreat in Pre-Election Uncertainty

Equities eased on Monday after consolidating ahead of the US presidential election. The decline came as markets unwound the Trump trade in light of new polls which showed Kamala Harris in the lead. Meanwhile, market participants were also cautious before Thursday’s FOMC policy meeting.  The US presidential election has introduced considerable uncertainty in the equities Read More…

Fundamental Analysis

Currency Futures Dip as Dollar Strengthens, Defying Soft Employment Data

Currency futures eased on Friday as the dollar surged despite a downbeat US employment report. Market participants paid little attention to the report since it could have been a one-time dip. At the same time, the focus was on the upcoming US presidential election. However, moves on Monday were subdued as traders preferred to wait Read More…

Interest Futures
Fundamental Analysis

Interest Futures Climb as Treasury Yields Ease on Weak Jobs Data

Interest futures rose Friday as the dollar, and Treasury yields eased after downbeat US monthly employment figures. At the same time, investors were cautious ahead of the November 5th presidential election.  Data on Friday revealed that the US economy added only 12,000 jobs in October, missing forecasts of 106,000. Meanwhile, the unemployment rate held steady Read More…

Fundamental Analysis

Surprise Decline in Inventories Sends Oil Prices Soaring Over 2%

Oil prices gained over 2% on Wednesday and continued to climb on Thursday after an unexpected drop in gasoline and crude inventories. At the same time, a report that OPEC+ might delay its planned production increased boosted prices.  Oil futures (Source: ICE) Data on Wednesday revealed that gasoline inventories fell by 2.7 million barrels last Read More…

Fundamental Analysis

Gold Reaches New Peak as Geopolitical Uncertainties Boost Demand

Gold prices reached a record high on Tuesday and extended gains on Wednesday as safe-haven inflows increased with geopolitical uncertainties. Investors were concerned about the upcoming US elections, with polls showing a tight race. At the same time, tensions in the Middle East escalated when 93 Palestinians died in an Israeli strike in Gaza.  Gold Read More…

Fundamental Analysis

Equities Climb as Investors Anticipate Key Tech Earnings

Equities gained on Monday ahead of more tech earnings this week. Last week, Tesla surprised with upbeat forecasts, which boosted market sentiment. At the same time, market participants are watching the upcoming presidential election and economic report before the FOMC meeting.  Q3 Earnings (Source: Bloomberg Intelligence) This week, the US will unveil the earnings reports Read More…

Fundamental Analysis

Dollar Ends Another Week Up, Pressuring Currency Futures

Currency futures extended declines as the dollar ended another week with gains due to upbeat data and increased bets for a Trump win. At the same time, downbeat economic data from countries like Japan and Canada weakened their currencies.  The greenback had another strong week as economic data showed a resilient economy. Last week, data Read More…

Interest Futures
Fundamental Analysis

Falling Yields Lift Interest Futures Despite Positive US Data

Interest futures rose on Thursday and Friday as Treasury yields dropped despite upbeat US economic data. Nevertheless, prices remained near recent lows and will likely end the week down due to a shifting Fed rate cut outlook and the looming US presidential election.  10-year US Treasury yield (Source: Bloomberg) Data on Thursday showed that the Read More…

Fundamental Analysis

Oil Rallies as Israel-Hezbollah Conflict Escalates

Oil prices rose 1% on Thursday, recovering from the 1% loss in the previous session. The rally came as Middle East tensions escalated. Meanwhile, the decline on Wednesday came after a bigger-than-expected increase in crude oil inventories.  The conflict between Israel and Hezbollah heated up on Thursday, raising fears of a broader war that would Read More…