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%.

Fundamental Analysis

Gold Price Sheds Core PCE Led Gains, Eyes on NFP

Gold prices retreated on Tuesday from the previous session’s highs as investors digested downbeat US data. Notably, there is more rate-cut optimism in the markets after last week’s US inflation data, which is keeping gold elevated. The move on Tuesday came about as investors took profits after the previous session’s gains. On Monday, gold rose Read More…

Fundamental Analysis

Equities Jump on Weak Manufacturing, Igniting Fed Rate Cut Hopes

US equities rose on Monday because of weaker-than-expected manufacturing data, which increased the likelihood of a Federal Reserve interest rate cut in September. Meanwhile, a New York Stock Exchange malfunction caused some trading gaps in most equities. US manufacturing (Source: ISM) There was a bit more rate-cut optimism in the markets on Monday, which improved Read More…

Fundamental Analysis

Currency Futures Rise as Dollar Retreats on Cooling US Inflation

Currency futures ended higher as the dollar retreated after data revealed a slight cooling of inflation in the US. Economic data from regions like Japan and the Eurozone also affected currency futures. The US dollar had its first monthly decline in May due to lower-than-expected inflation. The first three months of the year saw the Read More…

Interest Futures
Fundamental Analysis

Interest Futures Rebound as Treasury Yields Fall on Weak US Data

Interest futures recovered on Thursday as Treasury yields retreated from recent highs amid poor US data. Initially, interest futures had been plummeting after a poor US debt auction. However, this changed when data led to a slight increase in Fed rate cut expectations. The bond market has had a rough week, with yields soaring to Read More…

Fundamental Analysis

Oil Prices Fall 1% as Investors Worry Over Fed’s Policy

Oil prices fell by 1% on Wednesday as investors worried about fuel demand due to the Fed’s higher-for-longer policy outlook. At the same time, a rally in the dollar made oil expensive for overseas buyers, leading to a drop in demand. Oil vs dollar (Source: Nymex, Bloomberg) Risk appetite fell on Wednesday as investors panicked Read More…

Fundamental Analysis

Equities Close Mixed as Nvidia Powers Nasdaq and S&P 500, Dow Falters on Yields

Equities ended Tuesday mixed, with the Nasdaq and S&P 500 rising due to a rally in Nvidia shares and the Dow falling due to higher Treasury yields. The rally in Treasury yields came amid a weak auction and upbeat US data. Nvidia shares rose 7%, leading to a rally in other chip stocks. This had Read More…

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Fundamental Analysis

Gold Prices Rebound 1% After Deeper Retracement Under $2,330

Gold prices rose by 1% on Monday after reaching a two-week low in the previous session. The rally came amid a pullback in the dollar and Treasury yields as investors geared up for more clues about Federal Reserve rate cuts. However, the general trend remained down, with prices well below recent highs due to a Read More…

Fundamental Analysis

Currency Futures Climb as Dollar Retreats from Recent Highs

Currency futures rose on Friday as the dollar pulled back from its recent highs amid profit-taking. However, the outlook for the greenback remains bullish, given the better-than-expected economic reports from the US.  US data in the last week has shown that the economy remains resilient despite high interest rates. Consequently, traders have dialed down expectations Read More…

Interest Futures
Fundamental Analysis

Strong US Economic Data Lifts Treasury Yields, Lowers Interest Futures

Interest futures ended lower on Thursday as Treasury yields soared after positive US data. The rally in yields came as market participants lowered bets on Fed rate cuts. PMI data and weekly jobless claims pointed to a still robust economy, raising fears that the Fed might further delay rate cuts.  US business activity (Source: S&P Read More…

Posted on Comments Off on Strong US Economic Data Lifts Treasury Yields, Lowers Interest Futures
Fundamental Analysis

Hawkish Fed Minutes, Soaring Crude Stocks Send Oil Prices Down 1%

Oil prices fell 1% on Wednesday as investors worried about the risk of high interest rates for longer in the US after hawkish Fed meeting minutes.  At the same time, a bigger-than-expected increase in crude inventories weighed on prices. The US released the FOMC meeting minutes, which showed that policymakers were ready to hold high Read More…