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 Bounces Back, Pausing the Jobs Report Dip

Gold prices rose on Tuesday, pausing a decline that started on Friday after the US jobs report. The recovery came as the dollar and Treasury yields pulled back from recent highs. However, this decline might be short-lived if fundamentals continue pointing to delayed rate cuts in the US. Fed rate cut expectations (Source: Bloomberg) Notably, Read More…

Fundamental Analysis

Equities Plummet as Powell Dampens Rate Cut Expectations

US equities closed Monday in the red as Powell maintained his hawkish stance, dampening rate cut expectations. In a speech on Sunday, the Fed chair said that inflation in the US needs to show a consistent downtrend for rate cuts to start. According to the central bank, inflation remains high. Therefore, the economy still needs Read More…

Fundamental Analysis

Currency Futures Lose Ground After Blockbuster US Jobs Report

Friday was a down day for currency futures as the dollar rallied to a seven-week high after upbeat employment data. Investors were surprised after the US non-farm payroll figures were much higher than expected. As a result, there is an even lower chance that the Fed will start cutting rates in March. US jobs (Source: Read More…

Interest Futures
Fundamental Analysis

Interest Futures Gain Ground as Treasury Yields Dip on Banking Concerns

Interest futures rose on Thursday as Treasury yields declined due to concerns about the US banking sector. The US Treasury Bond (ZB) futures and the 10-year T-Note (ZN) futures ended Thursday on a bullish note. Meanwhile, investors continued to absorb Powell’s remarks on Wednesday, which confirmed that rate cuts would come later than March. Concerns Read More…

Fundamental Analysis

Oil Dips Amid China’s Economic Woes and Unexpected US Inventory Surge

Oil fell on Wednesday due to poor economic activity data from China and a higher-than-expected increase in US crude oil inventories. According to data released on Wednesday, manufacturing activity in China dropped for the fourth month in January. China is a leading oil importer. Therefore, a decline in economic activity in the country means a Read More…

Fundamental Analysis

Gold Climbs to Two-Week Peak Amid Declining Dollar and Treasury Yields

Gold rose on Tuesday, reaching a two-week high as the dollar and Treasury yields declined. Investors were focused on the looming Fed decision on Wednesday, where they expect the central bank to keep rates unchanged. The big question for gold traders is when the Fed will start cutting rates. When interest rates in the US Read More…

Fundamental Analysis

Equities Soar as Megacap Earnings Take Center Stage

On Monday, US equities surged as investors anticipated a week packed with mega-cap earnings, economic data, and the Fed’s monetary policy meeting. All three major US stock indexes moved higher. The Nasdaq, focused on tech stocks, led with the most significant percentage gain. Meanwhile, the S&P 500 set another record closing high. Ryan Detrick, Chief Read More…

Fundamental Analysis

Currency Futures Rise as Dollar Dips on Inflation Data

On Friday, currency futures rose slightly, with the dollar dipping as December’s inflation data showed a modest rise but indicated a downward trend. This will likely prompt the Fed to cut interest rates by mid-year. Trading slowed in the afternoon before the weekend, with investors preparing for a busy week ahead. The US will release Read More…

Interest Futures
Fundamental Analysis

Interest Futures (ZB) Tumble as US Economy Surges Beyond Expectations

Interest futures (ZB) fell on Thursday after a report showed the US economy expanded faster than expected. Additionally, there were indications that inflation was easing. Investors reacted to the faster-than-expected economic growth data by bidding up prices, causing Treasury yields to fall. Charu Chanana, head of currency strategy at Saxo in Singapore, stated that US Read More…

Fundamental Analysis

Surprising Crude Draw Sends Oil Prices Soaring by 1%

On Wednesday, oil prices increased by approximately 1%, driven by a larger-than-expected decline in US crude inventories. Other factors that supported the rally include a decline in US crude output, Chinese economic stimulus, geopolitical tensions, and a weakening dollar.  China’s central bank plans to reduce the reserve requirements for banks starting from February 5, aiming Read More…