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 Settle Higher Amidst Global Tensions

On Wednesday, oil prices settled slightly higher amid concerns over global trade disruption. There were attacks on ships in the Red Sea by Yemen’s Iran-aligned Houthi forces. Meanwhile, a surprise US crude inventory build, larger-than-expected fuel stock gains, and record domestic oil production limited price gains.  The US Energy Information Administration reported increases in US Read More…

Fundamental Analysis

Equities Extend Gains on Federal Reserve’s Dovish Pivot

On Tuesday, US equities continued their rally, propelled by the Federal Reserve’s recent dovish policy shift. All three major US stock indexes gained, pushing the S&P 500 close to its January 2022 all-time closing high. If the S&P 500 goes above this level, it would confirm a bull market since its low hit in October Read More…

Fundamental Analysis

Equities on the Rise as Investors Bet on Federal Reserve Rate Cuts

On Monday, US equities rose as investors anticipated interest rate cuts by the Federal Reserve next year. The S&P 500 and Nasdaq recorded solid gains, while the Dow remained flat. Tom Hainlin, national investment strategist at US Bank Wealth Management, noted that the market expected the Fed to cut interest rates next year. This is Read More…

Fundamental Analysis

Currency Futures Falter as Williams Bucks Rate Cut Expectations

On Friday, currency futures pulled back from recent highs as Federal Reserve Bank of New York President John Williams opposed market expectations for a rate cut. At the same time, the dollar strengthened. However, it still had its worst weekly performance in a month. Dollar risk reversal (Source: Bloomberg) The dollar’s decline last week followed Read More…

Fundamental Analysis

Gold Hits 10-Day Highs Amid a Dovish Fed

On Thursday, gold prices reached a 10-day high after the Fed indicated that it was done with rate hikes and looking at the possibility of rate cuts. The Fed’s dovish shift, communicated during Wednesday’s FOMC meeting, led to expectations of more aggressive rate cuts. The market responded positively, boosting gold prices. Demand for gold went Read More…

Fundamental Analysis

Oil Prices Edge Up on Unexpected US Crude Inventory Decline

Oil prices experienced a 1% increase on Wednesday, rebounding from a five-month low recorded in the previous session. The uptick was propelled by a greater-than-anticipated weekly reduction in US crude storage and apprehensions regarding the security of oil supplies in the Middle East after an attack on a tanker in the Red Sea. Moreover, oil Read More…
Fundamental Analysis

Equities Hit Yearly Highs with Fed Rate Cut Expectations Intact

On Tuesday, US equities reached new yearly highs as the latest inflation figures had minimal impact on expectations regarding the Federal Reserve’s rate cut timing.  US consumer inflation (Source: Bureau of Labor Statistics) The November Consumer Price Index (CPI) matched economist estimates with a 3.1% annual increase. At the same time, core prices, excluding volatile Read More…

Stock price chart
Fundamental Analysis

Equities Close Strong at Yearly Highs, Eyes on Inflation and Fed Meeting

On Monday, US equities gained modestly and closed at new yearly highs. This occurred ahead of key market events this week, including inflation readings and the Federal Reserve’s policy announcement. These events will strongly affect investors’ expectations of interest rates. Many market watchers now believe the central bank has completed its interest rate hike cycle Read More…

Fundamental Analysis

Rising US Job Numbers Propel Dollar, Weaken Currency Futures

On Friday, the US dollar strengthened as new data revealed increased US job growth, pushing currency futures down. Moreover, there was a drop in the unemployment rate for November, indicating robustness in the labor market.  US employment change (Source: Bureau of Labor Statistics) The Labor Department’s Bureau of Labor Statistics reported an addition of 199,000 Read More…

Fundamental Analysis

Gold Gains Ground Amid Dollar Decline Ahead of Jobs Data

On Thursday, gold strengthened as the dollar weakened ahead of US non-farm payrolls data. Traders anticipated signs of a weaker labor market, increasing the likelihood of a Federal Reserve rate cut in March. Chris Gaffney, head of world markets at EverBank, warned that market expectations for interest rates had become too optimistic. He stated that Read More…