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 Surge Amidst Supply Cut Anticipation

On Wednesday, oil prices surged over $1 per barrel as investors focused on potential supply cuts from OPEC+ and overlooked the increase in US crude, gasoline, and distillate stockpiles. Possible discussions for additional cuts from the OPEC+ group during Thursday’s policy meeting have boosted oil markets. Reports suggest a cut of up to 1 million Read More…

Fundamental Analysis

Equities Make Modest Gains After Mixed Fed Signals

On Tuesday, US equities gained modestly as investors analyzed mixed remarks from Federal Reserve officials. Upbeat consumer data added to the positive sentiment. The three major US stock indexes initially lost momentum but closed in positive territory after a range-bound session. Market participants are closely examining comments from monetary policymakers ahead of the FOMC meeting Read More…

Fundamental Analysis

Equities Take a Breath After Thanksgiving

Equities drifted lower on Monday as investors paused after Thanksgiving, anticipating crucial economic data during the bustling holiday shopping season.  According to Adobe Analytics, Cyber Monday is projected to drive record spending of $12 billion, enticing shoppers with online deals. This upbeat sign reflects the strength of the American consumer, who contributes about 70% to Read More…

Fundamental Analysis

Currency Futures Climb on Upbeat Data, Dollar Declines

On Friday, currency futures rose on upbeat data while the dollar fell after US business activity data. However, currencies traded within a narrow range as US markets closed early following Thanksgiving.  In November, US business activity remained stable. However, the private sector witnessed its first decline in almost three-and-a-half years, aligning with predictions of a Read More…

Fundamental Analysis

Gold Prices Edge Higher in the Hush of Thinned Trading

On Thursday, gold prices rose as the US dollar weakened, but investors stayed on the sidelines due to holiday-thinned trading and uncertainty about the Federal Reserve’s rate path. However, gold was heading for a second consecutive weekly gain. Financial markets in the past week witnessed declining yields and a weakening US dollar, which favor an Read More…

Fundamental Analysis

OPEC+ Delays Production Cuts Meeting, Sending Oil Prices Down 1%

On Wednesday, oil prices dropped nearly 1% in a volatile session. OPEC+ unexpectedly postponed a meeting on production cuts from November 26 to November 30, fueling concerns about global crude supplies. The group, consisting of major producers like Saudi Arabia and Russia, was supposed to discuss the possibility of expanding oil output cuts into 2024. Prices Read More…

Fundamental Analysis

Equities Decline, Ending a Five-Session Winning Streak

On Tuesday, US equities declined as the S&P 500 and Nasdaq ended their five-session winning streaks. Retailers faced losses due to disappointing outlooks, and technology shares also fell. The decline continued as minutes from the latest Federal Reserve meeting revealed a consensus among officials to approach raising US interest rates cautiously.  The central bank indicated Read More…

Fundamental Analysis

Equities Soar on Nasdaq’s Impressive 1% Rally

On Monday, equities on Wall Street closed higher, with the Nasdaq leading the charge with a 1% rally, reaching its highest closing level since July 31. The S&P 500 also registered its highest close since Aug. 1. The Nasdaq rose because Microsoft hit a record high after hiring prominent artificial intelligence executives. Microsoft CEO Satya Read More…

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…