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

Gold (GC) Futures Forecast: Gold Gaining Ground on Poor US Labor Market Data

Initial jobless claims in the US exceed expectations pointing to a cooling labor market. Economists expect the US labor market to deteriorate amid higher interest rates. The Fed will only pause when the labor market cools significantly. Gold (GC) Futures prices continue to rise steadily following the disappointment in recent labor market data. The number Read More…

Fundamental Analysis Market Overview

Crude Oil (CL) Futures Prices Soar on Tight Supply After OPEC+ Agreement

OPEC+ agreed to cut supplies by nearly 2 million bpd. The Joe Biden administration criticized the OPEC+ agreement as “shortsighted.” US crude oil inventories fell for the fourth week showing a rise in demand. Crude oil (CL) futures prices increased on Thursday for the fourth time this week. OPEC+ decided to significantly reduce the global Read More…

Fundamental Analysis

E-mini Nasdaq-100 (NQ) Futures: Slow-paced Interest Rates Hikes Possible?

Job vacancies in the US decreased in August. The RBA is the first central bank to slow its rate hikes. Markets are hoping the Fed will follow in the RBA’s path. the E-mini Nasdaq-100 (NQ) futures prices are climbing after softer US economic data and Australia’s smaller-than-expected interest rate hike sparked optimism for less aggressive Read More…

Fundamental Analysis

E-mini S&P 500 (ES) Futures: US Manufacturing Slows as Inflation Eases

Risk sentiment is improving as US treasury yields fall. Manufacturing activity in the US grew slowly, pointing to reduced demand. Higher interest rates are discouraging consumers from spending in the manufacturing sector. E-mini S&P 500 futures prices increased by about 2% on Monday as US Treasury yields fell due to weaker-than-expected manufacturing data, boosting the Read More…

Fundamental Analysis

Euro (6E) Futures: Double-digit Eurozone Inflation Puts Pressure on ECB

Eurozone inflation came in higher than expected at 10.0% in September. ECB policymakers have been drumming up support for a 75bps rate hike. The euro’s decline against the dollar is increasing imported inflation. Euro (6E) futures prices rose after Friday’s inflation reading. Inflation in the eurozone soared beyond forecasts in September to reach 10.0%, a Read More…

Fundamental Analysis

E-mini Nasdaq-100 (NQ) Futures: Fed Remains Unfazed Amid Global Market Turmoil

There are still uncertainties regarding the UK’s new fiscal policy. The US economy is still showing strength after a drop in jobless claims. The Fed will not pause anytime soon despite global market tensions. Investors added to the E-mini Nasdaq-100 (NQ) futures selling cycle as the dollar’s grip on the currency markets hardly relaxed, recession Read More…

Fundamental Analysis

Crude Oil (CL) Futures Price Falling on a Stronger Dollar and Recession Worries

A stronger dollar is restraining overseas demand for oil. US crude inventories dropped more than analysts had anticipated. China’s demand for crude oil is expected to drop. After rising by more than $3 the previous session, crude oil (CL) futures prices pulled back on Thursday. A strong dollar restrained demand, and market jitters over the Read More…

Fundamental Analysis

Equity Futures Indexes Find No Relief amid Recession Woes and Higher Interest Rates

Investors are worried the Fed will send the US economy into a recession. Top central banks worldwide have raised rates, increasing global recession worries. The fiscal policy situation in the UK is creating a risk-off market environment. Fears over the Federal Reserve’s incredibly aggressive policy tightening caused major equity futures index prices, including the E-mini Read More…

Fundamental Analysis

British Pound Futures (6B): Prices Plunge to Record Lows

The UK’s global image could be severely damaged as the Pound tumbles. All focus is on the BoE’s response to the falling pound. Truss’s team is convinced their policies will promote faster economic development. After falling to record lows, the British pound (6B) futures is getting closer to parity with the US dollar. Whether or Read More…

Fundamental Analysis

Japanese Yen (6J) Futures: BoJ’s Intervention could Stop the Yen’s Decline

Japan’s authorities intervened to buy the Yen, pushing prices up. The monetary policy divergence between Japan and the US continues to grow. Analysts doubt there will be more interventions to stop the Yen’s decline. The Japanese Yen (6J) futures prices went up sharply last Thursday when Japan’s authorities finally made good on their promise to Read More…