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 Drop as Dollar Recovers Ahead of FOMC Meeting

Currency futures fell on Friday as the dollar rose amid expectations of a Fed rate hike. The dollar recovered from its July lows in the last week. Dollar spot index (Source: Bloomberg) This week, central bank meetings will occur in the United States and Europe, with the Fed and the European Central Bank expected to Read More…

Fundamental Analysis

Gold Retreats Dollar and Yields Rise on a Resilient US Labor Market

On Thursday, gold prices retreated from a two-month high due to a rise in the dollar and bond yields. However, the decline was limited as hopes persisted for a potential pause in US Federal Reserve rate hikes after the July meeting.  According to David Meger, director of metals trading at High Ridge Futures, the rebound Read More…

Fundamental Analysis

Oil Pulls Back on Profit-Taking After Significant US Inventories Draw

On Wednesday, oil prices declined slightly as investors took profits, following earlier gains driven by tighter US crude supplies and China’s commitment to boosting economic growth. Oil had risen by more than $1 a barrel but lost later in the session.  Phil Flynn, an analyst at Price Futures Group, stated that market participants capitalized on Read More…

Fundamental Analysis

Equities Gain as Major Banks Report Better-Than-Expected Earnings

US equities made gains on Tuesday, partly fueled by strong bank earnings. The Dow was on track for its longest streak of daily gains in over two years. Morgan Stanley shares surged by 6.45%, marking their largest one-day percentage increase since November 9, 2020. The bank exceeded expectations, with growth in its wealth management business Read More…

Fundamental Analysis

Equities End Mixed Amid US Earnings Optimism, Weak Chinese Data

On Monday, financial and technology shares boosted US equities, resulting in a higher closing for the day. Investors were eager for the upcoming quarterly results, marking the acceleration of the earnings season. This week, Tesla and Netflix are scheduled to report their earnings.  Additionally, Bank of America, Morgan Stanley, and Goldman Sachs will post their Read More…

Fundamental Analysis

Currency Futures Decline as Dollar Recovers Slightly from Recent Losses

The US dollar rebounded on Friday after experiencing significant declines in the previous sessions. Investors were consolidating their losses before the weekend. However, the overall trend of the dollar remained negative. The Fed contributed to this downward trajectory as it is near the end of its rate hike cycle due to weakening inflation. Bloomberg dollar Read More…

Fundamental Analysis

Gold Nears One-Month High Amid Declining Treasury Yields

Gold prices neared one-month highs on Thursday as the US dollar and Treasury yields declined. The declines reflected expectations that the US Federal Reserve would soon conclude its rate-hike cycle. The dollar index reached its lowest point in over a year, making gold more affordable for international buyers. Additionally, US Treasury yields fell, reducing the Read More…

crude oil technical analysis
Fundamental Analysis

Oil Climbs as US Inflation Comes in Lower Than Expected

On Wednesday, oil prices rose, and benchmark Brent futures surpassed $80 per barrel, reaching a level not seen since May. This increase was due to US inflation data, which raised hopes that the Federal Reserve might reduce the number of interest rate hikes planned for the world’s largest economy.  Oil gains after US inflation (Source: Read More…

Fundamental Analysis

Equities Record Gains on Hopes of Easing US Inflation

US equities rose on Tuesday due to positive expectations for upcoming inflation reports. Financial shares like JPMorgan rose in anticipation of their earnings this week. Wall Street banks will likely announce increased profits for the second quarter as higher interest payments offset a decline in dealmaking.  Investors want more information on whether inflation is decreasing Read More…

Fundamental Analysis

Equities Rebound as Fed Officials Indicate a Looming End to Fed Hikes

US equities rebounded on Monday after last week’s losses, buoyed by comments from Federal Reserve officials indicating that the US central bank may be approaching the end of its tightening cycle. The S&P 500 experienced slight gains throughout the day, although caution prevailed due to the upcoming consumer prices report on Wednesday and the commencement Read More…