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

Gold Prices Climb Despite Powell’s Hawkish Comments

Gold prices increased on Thursday despite Powell’s comments that interest rates may not be high enough to combat inflation. This increase might be because investors had already priced in Fed hawkishness earlier in the week.  Some Fed officials are emphasizing the possibility of further rate hikes if inflation does not decline toward the 2% annual Read More…

Fundamental Analysis

Oil Prices Hit 3-Month Low on US-China Demand Worries

On Wednesday, oil prices dropped over 2%, reaching their lowest point in over three months due to concerns about decreasing demand in the US and China. According to American Petroleum Institute figures, US crude oil stocks surged by almost 12 million barrels last week. If confirmed, this would be the largest build since February. The Read More…

Fundamental Analysis

Equities Extend Winning Streak Amid Falling Treasury Yields

On Tuesday, US equities surged amid a drop in US Treasury yields. The rally came as falling yields boosted megacap growth stocks.  S&P 500 daily performance (Source: Bloomberg) Consequently, the S&P 500 and Nasdaq recorded their longest winning streak in two years.  The benchmark 10-year Treasury note yield was set for its fifth decline in Read More…

Fundamental Analysis

Equities Climb as Investors Await Fed Guidance

On Monday, US equities inched higher as investors looked for guidance from various Federal Reserve policymakers later in the week regarding the central bank’s policy direction.  S&P 500 weekly change (Source: Bloomberg) Last week, equities recorded their most significant weekly percentage gain in nearly a year due to a weaker-than-expected US payrolls report, which led Read More…
Fundamental Analysis

Currency Futures Soar as Dollar Hits Six-Week Low on Weak Jobs Data

On Friday, currency futures rallied as the dollar dropped to a six-week low due to disappointing job creation data. The jobs report reinforced expectations that the Federal Reserve would likely keep interest rates stable at its December meeting. The greenback was down 1.4% for the week, marking its worst weekly performance since July. US employment Read More…

Fundamental Analysis

Gold Maintains Its Ground Amid Anticipation of a Peak in Fed Rate Hikes

On Thursday, gold prices remained relatively stable as the US dollar and Treasury yields declined amid expectations that the Federal Reserve might halt interest rate hikes. The dollar index slipped, and US 10-year note yields hit a three-week low, bolstering gold’s appeal. Bob Haberkorn from RJO Futures noted that gold was strengthening due to indications Read More…

Fundamental Analysis

Oil Prices Slip 1% to Three-Week Low Amid Stronger US Dollar

Oil prices dropped by approximately 1% to reach a three-week low. This decrease came from a stronger US dollar and the US Federal Reserve maintaining interest rates while leaving the door open for potential rate hikes due to the robust US economy. Interest rate increases can hinder economic growth and reduce oil demand.  Meanwhile, a Read More…

Fundamental Analysis

Equities Gain Ground as Fed Policy Meeting Looms

US equities rose on Tuesday as investors awaited the Federal Reserve’s monetary policy update and processed mixed earnings reports.  The Federal Reserve initiated a two-day monetary policy meeting. It is widely expected to maintain interest rates on Wednesday, with investors closely watching its statement and Fed Chair Jerome Powell’s comments for insights into their plans. Read More…

Fundamental Analysis

Equities Have a Bullish Start with Earnings in Focus

US equities surged on Monday, marking the start of a busy week with a packed schedule, including significant earnings reports, economic data, and the Federal Reserve’s two-day monetary policy meeting. All three major US stock indices recovered from the previous week’s decline. Microsoft Corp, Amazon.com, and Apple Inc, leaders among interest rate-sensitive megacap stocks, were Read More…

Fundamental Analysis

Currency Futures Gain as US Inflation Meets Expectations

On Friday, currency futures gained on the dollar as US inflation data failed to surprise. Despite recent positive US economic data, the dollar has struggled to make significant gains after substantial increases in the July-September period. US core PCE price index (Source: Bureau of Economic Analysis) The personal consumption expenditures price index increased 3.4% in Read More…