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

Crude Oil (CL) Futures Prices Reverse October Gains on a looming US SPR Release

US president Joe Biden announces another Strategic Petroleum Reserve release. There are demand concerns as China’s economy deteriorates. Us crude oil inventories fell more than expected last week, showing improved demand. Crude oil (CL) futures prices started October and 4Q’22 strong; however, the subsequent price movement has been affected by concerns about the resumption of Read More…

Fundamental Analysis

E-mini Nasdaq-100 (NQ) Futures Surge on Upbeat Earnings and Industrial Production Data

Market sentiment has improved after upbeat earnings reports. US Industrial production came in higher than expected at 0.4%. Investors expect UK inflation data to determine the BoE’s next rate hike. E-mini Nasdaq-100 (NQ) futures prices closed higher, and Treasury yields decreased on Tuesday due to encouraging earnings and better-than-anticipated US industrial data. “The market was Read More…

Fundamental Analysis

Renewed Investor Optimism After a Positive Start to Earnings Season

Rising interest rates in the US are boosting lenders’ interest incomes. There is less turmoil in the market after UK’s fiscal policy u-turn. Analysts expect the Fed to continue its aggressive monetary policies. Major equity futures indexes, including the E-mini S&P 500 (ES), began the trading week with a price surge after Britain changed its Read More…

Fundamental Analysis

British Pound (6B) Futures Price Reverses Sell-off on Truss’ Tax U-turn

Liz Truss’s new finance minister, Jeremy Hunt, has improved the market mood. Jeremy Hunt promises to focus on growth underpinned by stability. Goldman Sachs lowers its 2023 UK economic growth outlook from a 0.4% decline to a 1% decline. British pound (6B) futures prices rose on Monday after the announcement that Chancellor Jeremy Hunt will Read More…

Fundamental Analysis

Gold (GC) Futures Prices Fall Amid High Us Inflation Data

Investors are expecting a significant rate hike after a higher US inflation reading. Both the Fed and Joe Biden’s administration are fighting to lower inflation. Gold remains less attractive as interest rates rise in the US. Gold (GC) futures prices collapsed after investors digested a higher reading on US inflation that stoked speculation about a Read More…

Fundamental Analysis

Crude Oil (CL) Futures Prices Lose Ground on Renewed Demand Worries

Markets anticipate a drop in oil demand owing to China’s rise in COVID-19 cases. Oil demand in the US fell last week after data showed an increase in inventories by about 7.1 million barrels. The US dollar is edging higher after higher-than-expected PPI data. On Thursday, crude oil (CL) futures prices struggled to regain footing Read More…

Fundamental Analysis

E-mini Nasdaq-100 (NQ) Futures: UK Bond Market Turmoil to Spill Over

Investors are selling off UK government bonds ahead of BoE’s deadline. The war in Ukraine is escalating, causing a lot of worry in the markets. There are uncertainties over China’s economy as COVID-19 cases rise. E-mini Nasdaq-100 (NQ) futures edged lower as investors grappled with worries over the escalating Ukraine war and new COVID-19 cases Read More…

Fundamental Analysis

Risk-off Sentiment Hits Equities as Global Economy Faces Probable Recession

Investors brace up for high US inflation. A lot of uncertainties linger after Putin’s latest attack on Ukraine. Investors scramble for safety amid recession worries. The prices of major equity indexes, including the E-mini S&P 500 (ES) futures, fell on Tuesday as investors scrambled for safety in the US dollar amid global tensions. Futures lost Read More…

Fundamental Analysis

Canadian Dollar (6C) Futures Price Edging Lower on Tepid Employment, Oil Demand Worries

Employment change in Canada failed to make up for previous losses. Markets expect the BoC to raise rates by 50bps at the next meeting. Oil prices are falling on demand worries as China’s economy deteriorates. Canadian Dollar (6C) futures prices are falling after the Canadian economy created jobs in September but did nothing to make Read More…

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…