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

Currency Futures Rally as Dollar Records Significant Weekly Slide

Currency futures rose on Friday while the dollar experienced its second-largest weekly decline against major currencies this year. Concerns about the global economic outlook are growing. At the same time, cooler-than-expected US inflation data on Tuesday and Wednesday increased market expectations for an earlier Fed rate cut. This potential move, expected as early as the Read More…

Fundamental Analysis

Gold Prices Surge on Speculation of Significant US Interest Rate Cuts

Gold surged Thursday, with investors factoring in nearly 100 basis points of US interest rate cuts in the coming year. Thursday’s weak US economic data supported this expectation. Futures markets now indicate 98 basis points of Fed rate cuts for next year, up from 73 bps a week ago.  US jobless claims (Source: US Labor Read More…

Fundamental Analysis

Unexpected Spike in US Crude Stocks Drives Oil Prices Down 1.5%

On Wednesday, oil prices plunged over 1.5% due to a larger-than-expected increase in US crude inventories. Concerns about demand in Asia also contributed to the decline. US crude stocks surged by 3.6 million barrels last week, reaching 421.9 million, significantly exceeding analysts’ expectations of a 1.8 million-barrel rise. Additionally, the weekly government data indicated that Read More…

Fundamental Analysis

Equities Soar on Surprise Dip in US Inflation

Equities surged on Tuesday as US inflation data for October came in lower than expected. The data sparked investor confidence at the end of an era of interest rate hikes and the possibility of imminent reductions in borrowing costs.  US inflation (Source: Bureau of Labor Statistics) Data revealed that US consumer prices remained steady in Read More…

Fundamental Analysis

Equities Slip as Investors Await Pivotal Inflation Reading

On Monday, US equities closed slightly lower as investors anxiously awaited a crucial inflation reading that could influence the duration of high interest rates by the US Federal Reserve. Following a strong rally on Friday, attention shifted on Monday to the Consumer Price Index (CPI) data scheduled for release on Tuesday morning.  US CPI (Source: Read More…

Fundamental Analysis

Currency Futures Mixed as Investors Assess Powell’s Remarks

Currency futures closed Friday mixed as investors assessed remarks from Fed Chair Jerome Powell. The euro fell, while the yen weakened against the dollar. Powell indicated the possibility of another rate hike if inflation persists above the target. The yen held near a one-year low against the dollar, and investors remained cautious about a potential Read More…

Fundamental Analysis

Gold Prices Climb Despite Powell’s Hawkish Comments

Gold prices increased on Thursday despite Powell’s comments that interest rates may not be high enough to combat inflation. This increase might be because investors had already priced in Fed hawkishness earlier in the week.  Some Fed officials are emphasizing the possibility of further rate hikes if inflation does not decline toward the 2% annual Read More…

Fundamental Analysis

Oil Prices Hit 3-Month Low on US-China Demand Worries

On Wednesday, oil prices dropped over 2%, reaching their lowest point in over three months due to concerns about decreasing demand in the US and China. According to American Petroleum Institute figures, US crude oil stocks surged by almost 12 million barrels last week. If confirmed, this would be the largest build since February. The Read More…

Fundamental Analysis

Equities Extend Winning Streak Amid Falling Treasury Yields

On Tuesday, US equities surged amid a drop in US Treasury yields. The rally came as falling yields boosted megacap growth stocks.  S&P 500 daily performance (Source: Bloomberg) Consequently, the S&P 500 and Nasdaq recorded their longest winning streak in two years.  The benchmark 10-year Treasury note yield was set for its fifth decline in Read More…

Fundamental Analysis

Equities Climb as Investors Await Fed Guidance

On Monday, US equities inched higher as investors looked for guidance from various Federal Reserve policymakers later in the week regarding the central bank’s policy direction.  S&P 500 weekly change (Source: Bloomberg) Last week, equities recorded their most significant weekly percentage gain in nearly a year due to a weaker-than-expected US payrolls report, which led Read More…