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 Maintains Its Ground Amid Anticipation of a Peak in Fed Rate Hikes

On Thursday, gold prices remained relatively stable as the US dollar and Treasury yields declined amid expectations that the Federal Reserve might halt interest rate hikes. The dollar index slipped, and US 10-year note yields hit a three-week low, bolstering gold’s appeal. Bob Haberkorn from RJO Futures noted that gold was strengthening due to indications Read More…

Fundamental Analysis

Oil Prices Slip 1% to Three-Week Low Amid Stronger US Dollar

Oil prices dropped by approximately 1% to reach a three-week low. This decrease came from a stronger US dollar and the US Federal Reserve maintaining interest rates while leaving the door open for potential rate hikes due to the robust US economy. Interest rate increases can hinder economic growth and reduce oil demand.  Meanwhile, a Read More…

Fundamental Analysis

Equities Gain Ground as Fed Policy Meeting Looms

US equities rose on Tuesday as investors awaited the Federal Reserve’s monetary policy update and processed mixed earnings reports.  The Federal Reserve initiated a two-day monetary policy meeting. It is widely expected to maintain interest rates on Wednesday, with investors closely watching its statement and Fed Chair Jerome Powell’s comments for insights into their plans. Read More…

Fundamental Analysis

Equities Have a Bullish Start with Earnings in Focus

US equities surged on Monday, marking the start of a busy week with a packed schedule, including significant earnings reports, economic data, and the Federal Reserve’s two-day monetary policy meeting. All three major US stock indices recovered from the previous week’s decline. Microsoft Corp, Amazon.com, and Apple Inc, leaders among interest rate-sensitive megacap stocks, were Read More…

Fundamental Analysis

Currency Futures Gain as US Inflation Meets Expectations

On Friday, currency futures gained on the dollar as US inflation data failed to surprise. Despite recent positive US economic data, the dollar has struggled to make significant gains after substantial increases in the July-September period. US core PCE price index (Source: Bureau of Economic Analysis) The personal consumption expenditures price index increased 3.4% in Read More…

Fundamental Analysis

Gold Climbs as Yields Decline on Mixed US Data

Gold closed higher Thursday as US Treasury yields retreated while investors absorbed mixed US economic data. US Economic Surprise Index (Source: Bloomberg) The US economy expanded at a faster-than-expected rate in the third quarter due to strong consumer spending and a strong labor market. Gross domestic product went up by 4.9% annually in the last Read More…

Fundamental Analysis

Geopolitical Tensions Drive Oil Prices Up by 2%

On Wednesday, oil prices increased by approximately 2% due to concerns about conflict in the Middle East. However, higher US crude inventories and gloomy economic prospects in Europe capped the gains. Price Futures analyst Phil Flynn mentioned that prices initially dropped during the session but rebounded due to increased geopolitical risks. WTI Futures (Source: Nymex) Read More…

Fundamental Analysis

Equities Soar on Robust Earnings and Bright Outlook

On Tuesday, equities rose thanks to strong corporate earnings and optimistic forecasts, boosting investor risk appetite and sparking a broad market rally. All three major US stock indexes moved higher, largely driven by large-cap companies sensitive to interest rates. Meanwhile, benchmark Treasury yields remained stable, comfortably below their recent peak at 5%. The third quarter Read More…

Fundamental Analysis

Equities Close Mixed as Benchmark Treasury Yields Dive

US equities fluctuated and closed with mixed results on Monday as benchmark US Treasury yields dropped from 5%. Investors turned their attention to high-profile earnings and closely watched economic data for the week ahead. The S&P 500 index finished modestly lower, while momentum stocks sensitive to interest rates lifted the tech-heavy Nasdaq Composite Index higher. Read More…

Fundamental Analysis

Currency Futures Edge Up Amid Reduced Fed Rate Hike Expectations

Currency futures ended slightly higher on Friday as the dollar weakened on reduced bets for a Fed rate hike in December.  ING analyst Francesco Pesole noted that the dollar was not benefiting as much as it should from strong US data and its high rate advantage, likely due to its overbought status. The dollar weakened Read More…