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

Equities Markets Remain Steady Amid Decreased US Wages

Investors hope the Federal Reserve may signal an end to interest rate hikes. The US employment cost index showed its weakest increase in a year. There was a significant slowdown in US house price increases in November. On Wednesday, equity markets held steady as evidence of a slowdown in US wages raised optimism that the Read More…

Fundamental Analysis

Investors Remain Cautious Ahead of Central Bank Meetings

Investors expect the Fed to increase interest rates by 25 basis points. This week will also see the release of highly anticipated US employment figures. China’s economic activity resumed expanding in January. Equities inched lower on Tuesday as investors readied themselves for a busy week featuring central bank meetings, a flurry of corporate announcements, and Read More…

Fundamental Analysis

Currency Futures Muted Ahead of Central Bank Meetings

Market movements remained muted ahead of several central bank meetings. Market observers predict the Fed will raise rates by 25 basis points. Core consumer prices in the capital of Japan increased by 4.3% in January. On Monday, currency futures pulled back as the dollar recovered from an eight-month low ahead of a flurry of central Read More…

Fundamental Analysis

Gold Prices Pull Back Ahead of US Inflation Data

The US economy expanded more quickly than economists had predicted in Q4. Most analysts anticipate a small US recession by the second half of 2023. Initial jobless claims for state benefits in the US decreased by 6,000. Gold prices fell on Friday, while the dollar rose as investors awaited US inflation data later in the Read More…

crude oil technical analysis
Fundamental Analysis

Oil Holds Steady Ahead of OPEC+ Meeting & EU Embargo

The market awaits more clarification on the impending EU embargo on Russian products. Data revealed a less-than-anticipated increase in US crude stocks. Economists expect the global economy to grow by just 2% this year. Following a smaller-than-expected increase in US crude stocks, oil prices held steady on Thursday as investors await more information on supply-side Read More…

Fundamental Analysis

Currency Futures Broadly Ranging Amid Mixed Sentiment

Currency futures prices are ranging across the board today, except for the Australian dollar, which reached a five-month high following higher-than-expected consumer inflation in the fourth quarter. At the same time, other Asian currencies were weak as fears of a global recession tempered optimism about a possible Chinese economic recovery. Australian dollars rose nearly 1% Read More…

Fundamental Analysis

Equity Futures Gain as Earnings Week Kicks off

Investors are nearly convinced that the Federal Reserve will deliver a modest interest rate increase next week. Money market traders believe the Fed will only raise interest rates twice this year. Analysts predict that the overall S&P 500 fourth-quarter earnings will decline by 3% yearly. Equities held onto their gains on Tuesday after rallying the Read More…

Fundamental Analysis

Currency Futures React as the ECB Moves to Tame Inflation

ECB officials are expecting more rate hikes to tame inflation. Some experts say the US has lost its global growth leadership position. Markets are expecting a 25bps rate hike from the Bank of Canada. Most currency futures were up on Monday as the dollar was slightly weaker than a basket of currencies, trading at 101.740.  Read More…

Fundamental Analysis

Gold on Track for Fifth Consecutive Weekly Gains

Data released on Wednesday revealed that US producer prices declined. Americans submitting new claims for unemployment benefits unexpectedly decreased. Permits for new construction in the US fell to a more than 2-1/2-year low. Gold dipped on Friday as the dollar strengthened. However, it was still on track to post a fifth straight weekly gain as Read More…

crude oil technical analysis
Fundamental Analysis

Oil Plummets Amid Rising Recession Worries

US retail sales fell by 1.1% last month, the largest drop since December 2021. US manufacturing output decreased more than forecast in December.  US crude oil stockpiles increased by around 7.6 million barrels last week. The price of oil futures dropped by as much as $1 on Thursday due to concerns about the impending recession. Read More…