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

Equities Surge as US Inflation Eases, Confirming Bets of a Fed Pause

Equities rose on Tuesday amid optimism of a looming Fed pause. The S&P 500 and Nasdaq achieved their highest closing points in 14 months. This was driven by the data release indicating a modest increase in consumer prices in May. As a result, investors are now more confident that the Fed will not lift interest Read More…

Fundamental Analysis

Equities Soar as Investors Brace for US Inflation Figures and Monetary Policy Meetings

US equities rose on Monday, with the S&P 500 and the Nasdaq reaching their highest closing levels since April 2022. Investors eagerly awaited the week’s inflation data and the Federal Reserve’s interest rate decision.  Amazon, Apple, and Tesla contributed to the S&P 500’s recovery of 21% from its October 2022 lows. Some investors believe Wall Read More…

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Fundamental Analysis

Currency Futures Fall as Dollar Recovers Ahead of US Inflation and the Fed Meeting

Currency futures fell as investors awaited inflation data and the Federal Reserve’s interest rate decision. At the same time, the dollar rebounded from its two-week lows on Friday.  The Federal Reserve will likely keep rates unchanged at its June 13-14 meeting. Still, it will likely maintain a hawkish stance and suggest a possible rate hike Read More…

Fundamental Analysis

Gold Surges as Jobless Claims Jump, Supporting a Fed Pause

Gold prices rose by 1% on Thursday as US weekly jobless claims surged, strengthening the expectation that the Federal Reserve will pause its interest rate hiking cycle.  The surge in new claims for unemployment benefits last week suggests a slowdown in the labor market, indicating potential recession risks. Edward Moya, a senior market analyst at Read More…

Fundamental Analysis

Oil Gains 1% on Supply Concerns After Saudi Arabia’s Surprise Output Cuts

On Wednesday, oil prices rose by about 1% as Saudi Arabia’s significant output cuts countered concerns about rising US fuel stocks and weak Chinese export data. Dennis Kissler, the senior vice president of trading at BOK Financial, described the oil futures market as a battleground between slowing manufacturing demand, lower diesel consumption, and anticipated production Read More…

Fundamental Analysis

Optimism Prevails as Equities Close Higher Ahead of CPI and FOMC

On Tuesday, US equities closed higher as economically sensitive sectors made gains. Investors were anticipating inflation data and the upcoming policy meeting of the Fed next week. The inflation data is expected to indicate a slight cooling of consumer prices in May compared to the previous month, but core prices are likely to remain high. Read More…

Fundamental Analysis

Equities End Lower as Investors Ponder the Fed’s Next Policy Moves

On Monday, US equities closed lower as investors deliberated the possibility of the US Federal Reserve pausing its interest rate hikes during the upcoming policy meeting. Meanwhile, Apple experienced a brief surge to a record high before eventually losing ground.  Apple Inc. ended the day with a 0.8% decline after introducing an augmented-reality headset called Read More…

Fundamental Analysis

Currency Futures Slide in Response to Robust US Employment Growth

Currency futures slid on Friday as the US dollar gained value due to a surge in employment numbers reported in May.  In May, public and private sector payroll rose by 339,000, exceeding the average forecast of 190,000 by economists. This increase followed a rise of 253,000 in April. However, despite the strong hiring, the unemployment Read More…

Fundamental Analysis

Gold Surges as Dollar Declines Amid Reduced June Rate Hike Bets

On Thursday, gold surged by nearly 1% to reach a one-week peak due to a decline in the dollar’s value amid reduced rate hike expectations. The rise in gold also occurred after the US House of Representatives approved a bill to lift the federal debt limit. Despite opposition from hardline members of both political parties, Read More…

crude oil technical analysis
Fundamental Analysis

Oil Declines on Stronger Dollar and Weaker Chinese Data

Oil prices fell on Wednesday due to a stronger US dollar and disappointing data from China, raising concerns about demand. Chinese manufacturing activity declined more than anticipated in May. The manufacturing purchasing managers’ index dropped to 48.8 from April’s 49.2, falling short of the expected 49.4 and resulting in a sharp decline in oil prices. Read More…