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 Slips PCE Inflation Report Lowers Fed’s Odds of 50-bps Cut

Gold fell on Tuesday after dropping on Friday due to a rally in the US dollar and Treasury yields. The rally came after the PCE inflation report, which lowered the likelihood of a 50-bps September Fed rate cut. Meanwhile, markets were closed on Monday due to a US holiday. Investors are slowly shifting their focus Read More…

Fundamental Analysis

Currency Futures Slide as Markets Anticipate Fed’s 25-BPS Cut

Currency futures fell on Friday after US data solidified bets for a smaller 25 bps September Fed rate cut, boosting the US dollar. Data throughout last week showed that the US economy remains resilient, dismissing fears of a recession. Fed rate cut bets (Source: Bloomberg) The dollar had a bullish day on Friday after the Read More…

Interest Futures
Fundamental Analysis

Interest Futures Lower After Upbeat US GDP Growth

Interest futures recovered slightly after falling on Thursday as US data showed a resilient economy, further reducing the risk of a recession. At the same time, the likelihood of a 50 basis points Fed rate cut in September fell. A stable economy means the US central bank can gradually lower borrowing costs. US GDP (Source: Read More…

Fundamental Analysis

Oil Prices Regain Ground After 1% Fall on Demand Concerns

Oil prices recovered slightly on Tuesday after falling 1% in the previous session due to a disappointing inventories report. However, the potential loss of Libyan oil output and Middle East tensions kept a floor on price declines.  Data on Wednesday revealed a smaller-than-expected drop in US crude stocks last week. Inventories fell by 846,000 barrels, Read More…

Fundamental Analysis

Gold Prices Pare Gains as Markets Await US Inflation Report

Gold prices ended flat on Tuesday and fell on Wednesday as the dollar rose ahead of more US inflation data. The US will release its core PCE report on Friday, giving guidance on the size of upcoming Fed rate cuts.  Gold prices rallied on Friday and Monday due to rate cut optimism. Notably, Powell opened Read More…

Fundamental Analysis

Equities Slide as Nvidia Dips Ahead of Earnings Report

Equities ended lower on Monday as Nvidia fell ahead of its earnings report. However, rate-cut optimism lingered after Powell’s dovish speech on Friday. Meanwhile, investors were gearing up for the core PCE report for more clues on the outlook for Fed rate cuts.  As investors worried about the upcoming earnings report, Nvidia lost 2.25% of Read More…

Fundamental Analysis

Currency Futures Spike as Fed Hints a Shift in Policy

Currency futures soared on Friday as the dollar plunged after Powell said the Fed was ready to adjust policy. Powell’s speech conveyed that the Fed was ready to start lowering borrowing costs to ensure a steady labor market. However, by Monday, most currencies eased slightly as investors took profits. After a whole week of anticipation, Read More…

Interest Futures
Fundamental Analysis

Interest Futures Take a Breather as Rate Cut Bets Shift From 50 bps to 25 bps

Interest futures fell on Thursday as Treasury yields soared with a drop in expectations for a 50 bps Fed rate cut. However, the move reversed before Fed Chair Jerome Powell’s speech on Friday. At the same time, there is still optimism about a 25 bps September Fed rate cut.  Treasury yields had a bullish day Read More…

Fundamental Analysis

Oil Prices Slump After US Payroll Data Revision by -818k Jobs

Oil prices fell sharply on Wednesday after the US government revised the US payrolls data to show a weaker labor market. This revision overshadowed positive sentiment from a decline in crude oil inventories and dovish FOMC policy minutes. Brent Futures (Source: ICE Futures Europe) The US economy added fewer jobs than reported between April last Read More…

Fundamental Analysis

Gold Eases from All-Time Highs as Markets Digest Fed Rate Cut

Gold prices pulled back on Wednesday after reaching new highs in the previous session due to Fed rate cut optimism. Investors are preparing to peruse the FOMC meeting minutes and a Fed Chair Jerome Powell speech. Gold traders are optimistic that the Fed will start lowering borrowing costs in September. Last week, retail sales data Read More…