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

OPEC+ Delays Production Cuts Meeting, Sending Oil Prices Down 1%

On Wednesday, oil prices dropped nearly 1% in a volatile session. OPEC+ unexpectedly postponed a meeting on production cuts from November 26 to November 30, fueling concerns about global crude supplies. The group, consisting of major producers like Saudi Arabia and Russia, was supposed to discuss the possibility of expanding oil output cuts into 2024. Prices Read More…

Fundamental Analysis

Equities Decline, Ending a Five-Session Winning Streak

On Tuesday, US equities declined as the S&P 500 and Nasdaq ended their five-session winning streaks. Retailers faced losses due to disappointing outlooks, and technology shares also fell. The decline continued as minutes from the latest Federal Reserve meeting revealed a consensus among officials to approach raising US interest rates cautiously.  The central bank indicated Read More…

Fundamental Analysis

Equities Soar on Nasdaq’s Impressive 1% Rally

On Monday, equities on Wall Street closed higher, with the Nasdaq leading the charge with a 1% rally, reaching its highest closing level since July 31. The S&P 500 also registered its highest close since Aug. 1. The Nasdaq rose because Microsoft hit a record high after hiring prominent artificial intelligence executives. Microsoft CEO Satya Read More…

Fundamental Analysis

Currency Futures Rally as Dollar Records Significant Weekly Slide

Currency futures rose on Friday while the dollar experienced its second-largest weekly decline against major currencies this year. Concerns about the global economic outlook are growing. At the same time, cooler-than-expected US inflation data on Tuesday and Wednesday increased market expectations for an earlier Fed rate cut. This potential move, expected as early as the Read More…

Fundamental Analysis

Gold Prices Surge on Speculation of Significant US Interest Rate Cuts

Gold surged Thursday, with investors factoring in nearly 100 basis points of US interest rate cuts in the coming year. Thursday’s weak US economic data supported this expectation. Futures markets now indicate 98 basis points of Fed rate cuts for next year, up from 73 bps a week ago.  US jobless claims (Source: US Labor Read More…

Fundamental Analysis

Unexpected Spike in US Crude Stocks Drives Oil Prices Down 1.5%

On Wednesday, oil prices plunged over 1.5% due to a larger-than-expected increase in US crude inventories. Concerns about demand in Asia also contributed to the decline. US crude stocks surged by 3.6 million barrels last week, reaching 421.9 million, significantly exceeding analysts’ expectations of a 1.8 million-barrel rise. Additionally, the weekly government data indicated that Read More…

Fundamental Analysis

Equities Soar on Surprise Dip in US Inflation

Equities surged on Tuesday as US inflation data for October came in lower than expected. The data sparked investor confidence at the end of an era of interest rate hikes and the possibility of imminent reductions in borrowing costs.  US inflation (Source: Bureau of Labor Statistics) Data revealed that US consumer prices remained steady in Read More…

Fundamental Analysis

Equities Slip as Investors Await Pivotal Inflation Reading

On Monday, US equities closed slightly lower as investors anxiously awaited a crucial inflation reading that could influence the duration of high interest rates by the US Federal Reserve. Following a strong rally on Friday, attention shifted on Monday to the Consumer Price Index (CPI) data scheduled for release on Tuesday morning.  US CPI (Source: Read More…

Fundamental Analysis

Currency Futures Mixed as Investors Assess Powell’s Remarks

Currency futures closed Friday mixed as investors assessed remarks from Fed Chair Jerome Powell. The euro fell, while the yen weakened against the dollar. Powell indicated the possibility of another rate hike if inflation persists above the target. The yen held near a one-year low against the dollar, and investors remained cautious about a potential Read More…

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…