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 Plunge 4% on Surging Gasoline Inventories

On Wednesday, oil prices dropped by almost 4%, reaching the lowest close since June. Concerns about global fuel demand increased following US data revealing a larger-than-expected increase in gasoline inventories.  Prices were also impacted by worries about China’s economic health and future fuel demand, worsened by Moody’s downgrade of China’s A1 rating outlook from stable Read More…

Fundamental Analysis

Equities Ended Mixed as Employment Data Set the Stage for Fed Rate Cuts

Equities closed mixed on Tuesday after the US reported a big drop in job vacancies. As a result, investors increased their bets on a Fed rate cut in March. Job vacancies in the US have fallen to their lowest level since early 2021. US job openings (Source: Bureau of Labor Statistics) On Tuesday, the Labor Read More…

Fundamental Analysis

Equities Dip as Investors Brace for Employment Data Impact

On Monday, US equities declined, breaking last week’s rally, as investors became cautious before this week’s employment data. The data could impact expectations of an early interest rate cut by the Federal Reserve next year.  S&P 500 nearly overbought (Source: Bloomberg) The S&P 500 achieved its highest close of the year on Friday after Fed Read More…

Fundamental Analysis

Currency Futures Soar on Powell’s Cautionary Stance

On Friday, currency futures rose while the dollar declined after Federal Reserve Chair Jerome Powell expressed caution about further interest rate moves. Investors perceived Powell’s comments as dovish, anticipating that the Fed is done raising rates. Powell acknowledged that US monetary policy is slowing the economy, with the benchmark overnight interest rate in restrictive territory. Read More…

Fundamental Analysis

Gold Slides but Holds Ground for Second Monthly Gain

On Thursday, gold slipped but stayed on course for a second consecutive monthly gain due to expectations that the Federal Reserve might soon cut interest rates. This would make non-yielding bullion more attractive. Moreover, the rise of the dollar for the day contributed to the drop in gold prices. However, the dollar was on track Read More…

Fundamental Analysis

Oil Prices Surge Amidst Supply Cut Anticipation

On Wednesday, oil prices surged over $1 per barrel as investors focused on potential supply cuts from OPEC+ and overlooked the increase in US crude, gasoline, and distillate stockpiles. Possible discussions for additional cuts from the OPEC+ group during Thursday’s policy meeting have boosted oil markets. Reports suggest a cut of up to 1 million Read More…

Fundamental Analysis

Equities Make Modest Gains After Mixed Fed Signals

On Tuesday, US equities gained modestly as investors analyzed mixed remarks from Federal Reserve officials. Upbeat consumer data added to the positive sentiment. The three major US stock indexes initially lost momentum but closed in positive territory after a range-bound session. Market participants are closely examining comments from monetary policymakers ahead of the FOMC meeting Read More…

Fundamental Analysis

Equities Take a Breath After Thanksgiving

Equities drifted lower on Monday as investors paused after Thanksgiving, anticipating crucial economic data during the bustling holiday shopping season.  According to Adobe Analytics, Cyber Monday is projected to drive record spending of $12 billion, enticing shoppers with online deals. This upbeat sign reflects the strength of the American consumer, who contributes about 70% to Read More…

Fundamental Analysis

Currency Futures Climb on Upbeat Data, Dollar Declines

On Friday, currency futures rose on upbeat data while the dollar fell after US business activity data. However, currencies traded within a narrow range as US markets closed early following Thanksgiving.  In November, US business activity remained stable. However, the private sector witnessed its first decline in almost three-and-a-half years, aligning with predictions of a Read More…

Fundamental Analysis

Gold Prices Edge Higher in the Hush of Thinned Trading

On Thursday, gold prices rose as the US dollar weakened, but investors stayed on the sidelines due to holiday-thinned trading and uncertainty about the Federal Reserve’s rate path. However, gold was heading for a second consecutive weekly gain. Financial markets in the past week witnessed declining yields and a weakening US dollar, which favor an Read More…