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 Slip 1% to One-Week Low After Fed’s Rate Decision

Oil prices dropped by about 1% to a one-week low on Wednesday following the Fed’s rate decision. The US Federal Reserve held rates unchanged as markets had expected. However, it maintained its hawkish stance with another rate hike projected for the end of this year.  Brent futures for November delivery went down 81 cents, or Read More…

Fundamental Analysis

Equities Falter Ahead of Fed’s Decision

Equities lost ground on Tuesday as the US Federal Reserve convened its highly-anticipated two-day monetary policy meeting. This meeting caused a shift toward risk-averse sentiment. All three US indices ended lower in a widespread sell-off before the Fed’s impending interest rate announcement on Wednesday.  The Fed will also unveil its Summary Economic Projections, including its Read More…

Fundamental Analysis

Equities Hold Steady Ahead of Federal Reserve’s Crucial Decision

On Monday, US equities closed with minimal changes as investors awaited the US Federal Reserve’s upcoming policy decision. The three major US stock indices ended the day with slight gains in a volatile session, but investors lacked firm conviction leading into the Fed’s two-day monetary policy meeting. The week’s focal point is the Federal Reserve’s Read More…

Fundamental Analysis

Currency Futures Gain Ground as Dollar Falters Due to Poor Sentiment

On Friday, currency futures rose as the US dollar dropped due to decreased consumer sentiment data. However, the dollar still recorded a ninth consecutive week of gains. Meanwhile, the yen reached a 10-month low. US consumer sentiment (Source: University of Michigan, Bloomberg) The University of Michigan’s Consumer Sentiment Index preliminary reading for this month was Read More…

Fundamental Analysis

Concerns Over US Economic Data Keep Gold Prices Near Three-Week Low

On Thursday, gold prices remained close to a three-week low due to concerns about higher-than-expected US economic data. This raised worries that US interest rates may remain elevated for longer, strengthening the dollar and bond yields.  David Meger, director of metals trading at High Ridge Futures, commented, “We observed some inflationary data exceeding expectations, leading Read More…

crude oil technical analysis
Fundamental Analysis

Surprise Surge in US Crude Inventories Sends Oil Prices Tumbling

On Wednesday, oil prices dropped after reaching a 10-month high earlier, as a surprise increase in US crude inventories countered expectations of limited crude supply for the rest of the year.  The international benchmark, Brent futures, settled at $91.88 a barrel, sliding 18 cents.  During the session, it hit its highest point since November at Read More…

crude oil technical analysis
Fundamental Analysis

A Dark Tuesday for Equities as Oracle’s Shares Plummet 13%

US equities closed with losses on Tuesday as Oracle’s shares plunged over 13%, driven by a pessimistic forecast. Moreover, surging oil prices heightened concerns about persistent inflation pressures before critical inflation reports. Oracle’s shares plummeted to their lowest point since June. The cloud services provider projected the current-quarter revenue below expectations and narrowly missed first-quarter Read More…

Fundamental Analysis

Equities Surge, Dollar Falls Ahead of Inflation Report

On Monday, US equities rose, and the dollar retreated as investors awaited Wednesday’s inflation data. The technology-heavy Nasdaq led the US equities rally, gaining 1.1%. Gains in Tesla Inc. and Amazon.com boosted the market the most. The S&P 500 and the Dow also increased, with gains of 0.7% and 0.3%, respectively. The session seemed calm Read More…

Fundamental Analysis

Currency Futures Face Downward Pressure Amid Strong Dollar

Currency futures ended lower last week as the dollar index continued its winning streak for an eighth consecutive week.  Bloomberg dollar index (Source: Bloomberg) This streak, the longest since 2014, came after recent data indicated the resilience of the US economy. The DXY remained almost unchanged at 105.08 for the day. Strong US economic data Read More…

gold technical analysis
Fundamental Analysis

Gold Prices Slide as Attention Shifts from Fed Pause to US Economic Strength

Gold prices fell as US data strengthened, overshadowing the Fed’s expected pause. Brian Lan from Singapore dealer GoldSilver Central mentioned, “Market participants seek higher returns, and currently, the dollar appears attractive.” The dollar was heading for its longest weekly winning streak in nine years thanks to robust US economic data. This week’s data revealed a Read More…