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

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…

crude oil technical analysis
Fundamental Analysis

Equities Fall After Disappointing Investment Banking Earnings

Wall Street’s top investment banks saw their financial fortunes diverge. Goldman’s fourth-quarter profit of $3.32 per share fell short of the Wall Street forecast of $5.48. The Bank of Japan maintained its ultra-easy monetary policy. Equities fell after Goldman Sachs reported disappointing profits. Wall Street’s top investment banks saw their financial fortunes diverge, with Morgan Read More…

Fundamental Analysis

Equities Retreat After Poor Q4 Chinese Data

China’s economy expanded by 2.9% in the fourth quarter of 2022. The BOJ is under pressure to alter its interest rate policy as soon as Wednesday. Services inflation in the United States will probably continue to rise annually. Equity losses grew on Tuesday as China published disappointing fourth-quarter economic results. Still, expectations for a strong Read More…

Fundamental Analysis

Currency Futures Climb as Dollar Slides to a 7-Month Low

The US dollar index sank 0.46% to a seven-month low against a basket of currencies. Investors speculate that the Fed may be nearing the conclusion of its rate-hike cycle. There’s anticipation that the BOJ will change its ultra-loose policy. The dollar dropped to a seven-month low against key peers on Monday, allowing most currency futures Read More…

Fundamental Analysis

Gold Prices Poised for a Fourth Week of Gains

There are predictions that the US Federal Reserve will raise interest rates more slowly. Consumer prices in the United States declined in December. Initial claims for state unemployment benefits decreased by 1,000 last week. Gold prices were expected to increase for a fourth straight week, helped by a weaker dollar and predictions that the US Read More…

crude oil technical analysis
Fundamental Analysis

Oil Gains as China’s Demand Overshadows US Inventories Build

China’s oil demand forecast has brightened. There are worries about the impact of sanctions on Russian crude production. Crude stockpiles increased by 19.0 million barrels last week. Although increases were modest ahead of incoming inflation data from the United States, oil prices increased on Thursday, adding to gains from the previous session as China’s demand Read More…

Fundamental Analysis

Equities Climb amid Absence of Policy Clues in Powell’s Speech

Fed Chair Jerome Powell avoided discussing rate policy in his speech. Powell emphasized that the Fed’s independence was crucial to fight inflation. US inflation for December is expected to be 6.5%, down from 7.1% in November. Equities climbed on Wednesday while the dollar held steady as investors awaited US inflation figures for clues on the Read More…