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 Edge Higher Ahead of the FOMC Minutes

The FOMC minutes will determine the future course of interest rates. Markets are already pricing in rate reductions by the end of 2023. The Fed will start easing its monetary tightening path when the jobs market weakens. Major Equity futures prices crawled higher on Wednesday while the dollar fell. Investors are eagerly awaiting the Federal Read More…

Fundamental Analysis

Equity Futures Prices Slightly Rise Amid Gloomy Chinese Data

Manufacturing activity in China decreased at the fastest rate in almost three years. S&P 500 and Nasdaq futures were up 0.1%, reflecting the cautious atmosphere on Wall Street. This week’s data on US payrolls is anticipated to show that the labor market is still tight. On Tuesday, equities rebounded from early losses as traders assessed Read More…

Fundamental Analysis

Gold Futures Mildly Positive Above $1,800 as Year Ends

Gold prices remain sluggish above the $1,800 mark. China’s COVID spread lends support to the US dollar. Markets are eying China’s PMI data to be released on Friday. While Gold futures prices rose to an intraday high of $1,818, the market has been sluggish since early Friday. In addition to mixed headlines on recent key Read More…

Fundamental Analysis

Equities Weighed by Risk Aversion, Focus on China’s Reopening

As investors looked forward to 2023 with caution and weighed hopes for economic growth, equities closed lower on Wednesday as US Treasury yields rose. China also eased COVID-19 restrictions amid concerns about rising incidences in the country. The benchmark 10-year Treasury yield rose for the third day in a row, reversing a decline earlier as Read More…

Fundamental Analysis

Asian Equities Follow Wall Street’s Tech Decline

Following Wall Street’s post-holiday slump, Asian equities were mostly lower on Wednesday as investors count down to the end of a tough year. After easing its strict “zero-COVID” policy, the Chinese government boosted stocks in Hong Kong, Tokyo, Shanghai, and Seoul after taking further steps to resume overseas travel. The Chinese government announced a key Read More…

Fundamental Analysis

Gold Attempts a Recovery After Collapsing on Positive US Data

Investors are growing more worried that a recession will occur in 2023. Initial claims for unemployment benefits increased by 2,000 in the US. US gross domestic product expanded at an annualized rate of 3.2% last quarter. Gold prices recovered slightly on Friday after a big collapse. Robust economic figures fanned concerns that the Federal Reserve’s Read More…

Fundamental Analysis

Oil Prices Surge on Tight Supply Ahead of the Holidays

US oil stockpiles dropped by 5.89 million barrels for the week ending on December 16. The demand for heating oil in the US is expected to skyrocket. There are concerns about demand brought on by China’s COVID-19 increase. On Thursday, Oil prices increased for the fourth day in a row as US crude, heating oil, Read More…

Fundamental Analysis

Equities Hold on to Gains After BoJ Policy Shift

This month, the 10-year US Treasury yield reached its highest level in response to the BoJ policy tweak. Investors are baffled about how to interpret the BoJ’s policy shift. Single-family homebuilding in the United States fell to a 2-1/2 year low in November. Equities held steady on Wednesday after closing higher on Tuesday. The dollar Read More…

stock market
Fundamental Analysis

Equities Plummet After BoJ Tweaks Yield Curve Policy

The Bank of Japan increased the permissible band for long-term rates. The BOJ maintained its Yield Curve Control (YCC) targets. US equities have been dragged lower due to recession worries. Asian equities plummeted following an unexpected adjustment by the Japanese central bank to its bond yield limits on Tuesday that will allow long-term interest rates Read More…

currency futures trading
Fundamental Analysis

Currency Futures Edge Higher on Improved Market Sentiment

The US dollar fell on Monday as market sentiment improved. Yen futures rose on news that Japan will explore changing its monetary policy. The outlook for Europe’s largest economy brightened in December. Currency futures prices rose on Monday as the US dollar fell and market sentiment improved, lifting stocks and riskier currencies. Yen futures rose Read More…