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 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…

Fundamental Analysis

Middle East Tensions Boost Safe Haven Gold

Gold rose for the third consecutive session on Thursday due to increasing Middle East tensions, driving up demand for safe-haven assets. Moreover, Federal Reserve Chair Jerome Powell’s comments fueled optimism that the US central bank might pause rate hikes.  Meanwhile, Israel conducted more airstrikes on Gaza, with British Prime Minister Rishi Sunak echoing US President Read More…

Fundamental Analysis

Oil Prices Soar 2% on Storage Drawdown and Supply Fears

Oil prices surged by approximately 2% to reach a two-week high on Wednesday. This increase was driven by a larger-than-expected drawdown in US oil storage and concerns about global oil supplies.  During the week ending on October 13, US Energy Information Administration (EIA) reported that energy companies removed 4.5 million barrels of crude oil from Read More…

Fundamental Analysis

Equities End Mixed as Treasury Yields Soar, Chipmakers Stumble

US equities ended mixed on Tuesday, with the Nasdaq closing lower, while the Dow and S&P 500 remained nearly unchanged. These moves were due to rising Treasury yields and a drop in the shares of chipmakers after the Biden administration announced it would halt shipments of advanced artificial intelligence chips to China. The Philadelphia SE Read More…

Fundamental Analysis

Earnings Season Optimism Drives Surge in Equities

On Monday, US equities surged, driven by investor optimism for the start of earnings season. Moreover, transportation and small-cap shares gained, further boosting optimism. Still, investors remained cautious as Israeli forces continued to bombard Gaza, with cease-fire efforts failing and thousands, including many women and children, losing their lives. Global leaders are working to contain Read More…