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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Analysis Fundamental Analysis

Mixed Sentiment in US Stocks amid Recession Fears

Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…

Analysis Fundamental Analysis

E-mini S&P 500 (ES) Extending Gains Ahead of Retail Earnings

Investors are optimistic that the Fed will achieve its inflation target without hurting the economy. Prices are climbing as investors await retail earnings from the US. Markets barely reacted to China’s poor economic data. The E-mini S&P 500 (ES) futures went up as mega-cap growth shares extended the market’s recent rally amid investor optimism that Read More…

gold technical analysis
Analysis

Gold (GC) Futures: Poised to Post Fourth Weekly Gains amid Weak USD

Gold prices on the rise due to dollar weakness. The yellow metal might go higher still if the Federal Reserve becomes less hawkish. The Fed’s Daly is open to a more significant rate hike than the expected 50bps. Broader dollar weakness has left the bullion on course for its fourth consecutive weekly gain. US gold Read More…

Analysis

Crude Oil (CL) Futures: Gasoline Consumption Increases in the US

Last week saw an uptick in US gasoline consumption. US oil refiners and pipeline operators forecast higher energy demand in the second half of 2022. Russia resumes oil supply to Europe via the Druzhba pipeline. Investors flocked to riskier assets in response to lower-than-expected US inflation statistics and promising news on US gasoline consumption. According Read More…

Analysis

E-mini S&P (ES) 500 Futures: US Inflation Uncertainties and Poor Earnings Weighing

Micron, Novavax, and Upstart warn investors of poor future earnings. Investors are waiting to see if US inflation has peaked. Rising bond yields cause the decline of growth stocks pushing stock futures lower. Micron, Novavax, and Upstart have warned investors that future earnings and revenue will be lower than anticipated. The S&P 500 dropped by Read More…

Analysis

E-mini Nasdaq 100 (NQ) Futures: Threat of Aggressive Fed Looms Over the Markets

Markets expect the Federal Reserve to take action against rising inflation. Nvidia expects a 19% drop in Q2 revenue. Tesla shares rose 0.8% after announcing contracts worth around $5 billion. Wall Street ended Monday’s trading day unchanged after last week’s massive jobs report confirmed expectations that the Federal Reserve will take action against inflation. Stock Read More…

Analysis

British Pound (6B) Futures: British Economy to Seek Refuge On Tax Cuts

Britain will decide on its next Prime Minister in September. A new Prime Minister will adopt a different policy affecting pound futures. The BoE warned of a looming recession in the UK. The battle for the position of the prime minister of Britain is entering its last stretch, and the decision in September will likely Read More…

Analysis

E-mini S&P 500 (ES) Futures Price Consolidating as Investors Eye Jobs Data

Investors await US jobs data for clues on Fed’s monetary policy. S&P 500 suffered losses in oil stocks as oil prices fell. On the charts, a retest of the 50-SMA could be a possibility as bulls show weakness. The E-mini S&P 500 (ES) futures price remains range-bound ahead of the key US jobs data release. Read More…

gold technical analysis
Analysis

Gold (GC) Futures Outlook: Rising US Rates Weighing on Gold Prices

Gold is expected to average $1,745 per ounce in 2023. The real yield on US 10-year bonds turns positive. Fed officials maintain a more hawkish stance. The outlook for gold (GC) futures is slightly bearish as the US dollar pushes higher. As a result of high-interest rates and a strong US currency, gold will average Read More…