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 Inch Higher as Investors Await Earnings Report, Fed

Equities rose slightly on Monday and Tuesday as investors mostly stayed on the sidelines ahead of major events. Markets await key US data, major US tech earnings reports, and the Federal Reserve policy meeting.  US earnings index (Source: Citigroup, Bloomberg) Monday was a choppy session for US stocks because investors held off on big positions. Read More…

Fundamental Analysis

Currency Futures Tumble Amid Sour Risk Sentiment

Currency futures edged higher on Friday as the dollar eased after inflation data met expectations. Consequently, the markets are continuing to anticipate that the Federal Reserve will commence reducing borrowing rates in September. However, the markets were in turmoil as the new week started. The looming BoJ and BoE policy meetings and poor risk appetite Read More…

Interest Futures
Fundamental Analysis

Interest Futures Retreat from Highs After Mixed US GDP Report

Interest futures rose on Thursday but closed well below session highs after a mixed US GDP report. Moreover, investors were gearing up for the core PCE price index report due on Friday for more clues on the outlook for Fed rate cuts.  US economic growth (Source: Bureau of Economic Analysis) Data on Thursday revealed that Read More…

Fundamental Analysis

Oil Prices Recover Amid Unexpected Draw in Crude Inventory

Oil prices rose on Wednesday, ending three sessions of declines. The increase came amid a bigger-than-expected draw in US crude and gasoline inventories. Prices remained close to a six-week low because of worries about global oil demand and a potential ceasefire in the Gaza conflict. Data on Wednesday revealed that crude stocks fell by 3.7 Read More…

Fundamental Analysis

Gold Rebounds as Markets Await US Economic Indicators

Gold prices ended higher on Tuesday, rebounding ahead of more US economic data this week. At the same time, news that India, the second largest consumer of gold, cut import duties improved the demand outlook for gold, boosting prices. Gold traders eagerly await GDP and inflation data from the US, which will come later in Read More…

Fundamental Analysis

Equities Surge Amid Improved Risk Appetite, Mega-Cap Growth Stocks

Equities ended higher on Monday as risk appetite improved and demand for mega-cap growth stocks increased. Shares of big companies like Alphabet, Tesla, and Nvidia led gains. At the same time, investors were preparing for this week’s US inflation report, which could reshape the outlook for Fed rate cuts.  Nvidia rose by 4.8% after Reuters Read More…

Fundamental Analysis

Currency Futures Drop as Risk Appetite Falls Post-Cyber Outage

Currency futures fell on Friday as the dollar rose on safe-haven inflows after a cyber outage. At the same time, Fed rate-cut optimism fell, and markets focused on US economic resilience instead. A cyber outage on Friday spooked investors and had them rushing for safety in the dollar. Cybersecurity firm CrowdStrike made a software update Read More…

Interest Futures
Fundamental Analysis

Interest Futures Pullback After Fed Rally Amid Profit-Taking

Interest futures fell on Thursday as investors took profits after the recent rally on a September Fed rate cut. The US unemployment claims data shows that more people are becoming unemployed, which will likely force the Fed to reduce interest rates in September. Interest futures have been bullish since last week as investors cheered the Read More…

Fundamental Analysis

Oil Prices Soar 2% as US Crude Inventories Drop

Oil prices rose nearly 2% on Wednesday due to a larger-than-expected drop in US crude inventories. At the same time, oil demand increased as Fed policymakers indicated that the recent decline in inflation would pave the way for rate cuts. Brent futures (Source: ICE Futures Europe, Bloomberg) The Energy Information Administration reported that inventories fell Read More…

Fundamental Analysis

Investor Optimism on Fed Rate Cut Sends Gold to New Heights

On Tuesday, gold prices reached a record high as investors gained confidence about a September Fed rate cut. The new all-time high came despite better-than-expected US retail sales figures, which boosted the dollar. Gold traders have focused mainly on the recent US consumer inflation report and Federal Reserve policymaker remarks. Fed officials gained confidence after Read More…