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

Oil Prices Break Lows, Finish Strong Amid Supply Concerns

On Wednesday, oil prices broke below the previous session’s lows before closing with gains as supply worries continued. Moreover, oil was set to end the month with a 4.5% gain, marking the third consecutive bullish month.  Notably, the oil market has grown tighter due to geopolitical tensions. All meetings to try and pause the Israel-Hamas Read More…

Fundamental Analysis

Gold Edges Higher on Rate Cut Speculation, Eyes on Core PCE

Gold prices rose Tuesday as rate-cut expectations rose ahead of crucial US inflation data. The price held near highs, marked last week after Powell’s dovish press conference. Moreover, there was increased demand as central banks continued to buy gold. Despite a small retreat, gold has held near recent highs. March has been a very good Read More…

Fundamental Analysis

Equities Decline as Investors Digest Fed Remarks

Equities fell on Monday, pausing last week’s rally as investors assessed Fed remarks. The US stock market closed the previous week with gains after the Fed meeting where Powell maintained his dovish stance.  Despite the recent hot inflation figures, Powell maintained his outlook for three rate cuts in 2024. However, economic data continues to beat Read More…

Fundamental Analysis

Currency Futures Dip Amid Shifting Rate Cut Outlook

Currency futures fell on Friday as the global rate-cut outlook changed. Other central banks are becoming more dovish, leading to an increase in bets that cuts will start this year. Meanwhile, the outlook for Fed rate cuts remains uncertain as the economy remains robust and inflation persists. Notably, the Swiss National Bank opened the door Read More…

Interest Futures
Fundamental Analysis

Interest Futures Close Varied Amidst Positive US Data

Interest futures ended Thursday mixed as positive data from the US pushed up Treasury yields and weighed on the bond market. Still, prices remained near Wednesday’s highs due to Powell’s reassurance on rate cuts. US initial jobless claims (Source: Labor Department) Data on Thursday revealed that the US economy remains robust despite higher interest rates. Read More…

Fundamental Analysis

Oil Prices Slide Despite Crude Inventory Drawdown, Dovish Fed

Oil prices fell on Wednesday despite a draw in crude inventories and the Fed maintaining its rate-cut outlook. Moreover, investors remained worried about supply disruptions in Russia as the war continued. Oil prices rallied in the previous two sessions due to these supply concerns. Therefore, the pause on Wednesday could have been due to profit-taking. Read More…

Fundamental Analysis

Gold Prices Fall as Fed Meeting Looms

Gold prices dropped on Tuesday amid a stronger dollar as markets awaited the Fed monetary policy meeting. A stronger dollar makes gold expensive for foreign buyers, hurting demand. The dollar strengthened amid speculation that the Fed would revert to its hawkish tone after inflation beat forecasts. Initially, gold had rallied to record highs after Powell Read More…

Fundamental Analysis

Equities Rally on the Strength of Mega-Cap Giants Alphabet and Tesla

Equities closed Monday in the green after a rally in mega-cap stocks like Alphabet and Tesla. However, there was caution as investors looked forward to the FOMC policy meeting, which will affect rate cut expectations. The rally in mega-cap stocks came due to several factors. However, the main one was AI optimism. Notably, Nvidia soared Read More…

Fundamental Analysis

Currency Futures Retreat on US Economic Strength

Currency futures closed lower on Friday as the dollar strengthened on more signs the US economy was resilient. Data released on Friday on the manufacturing sector revealed a strong economy that could allow the Federal Reserve to hold higher interest rates for longer.  US factory production (Source: Federal Reserve) Data revealed a recovery in factory Read More…

Interest Futures
Fundamental Analysis

US Wholesale Inflation Surge Sends Interest Futures Plummeting

Interest futures, including the US Treasury Bond, fell on Thursday after data revealed a jump in US wholesale inflation. As a result, investors lost a bit of confidence that the Fed would cut rates in June. This led to an increase in short-term Treasury yields, reflecting interest rate expectations.  US consumer and wholesale inflation (Source: Read More…