Saqib Iqbal - OneUp Trader Blog

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

Market Actors Remain Calm Ahead of US Elections and CPI Data

Republicans have a roughly 70% chance of ousting Democrats from their majorities in the US House and Senate. Headline US inflation is estimated to have fallen in October to 8.0%. There is a likelihood of a US legislative impasse following Tuesday’s elections. With one cautious eye on a crucial inflation update later in the week, Read More…

Fundamental Analysis

Canadian Dollar (6C) Futures Prices on the Rise Amid Dollar Weakness

The US dollar declined after the October jobs report showed signs of “softening.” The unemployment rate in the US rose to 3.7% in October. Canadian jobs figures came better than expected, creating further room for the bulls. The Canadian Dollar (6C) futures prices are climbing higher as the CAD strengthens against the US dollar. The Read More…

Fundamental Analysis

US Labor Market Remains Resilient Amid Rising Interest Rates

The rising US Dollar puts pressure on gold prices after Powell’s hawkish comments. The US labor market is still showing strength despite rising interest rates. The ISM non-manufacturing PMI dropped to 54.4 in October, the lowest level since May 2020. Following hawkish comments from Federal Reserve Chair Jerome Powell, Gold (GC) futures prices hit a Read More…

Fundamental Analysis

Oil Prices Rise Despite a Stronger Dollar

Oil prices held steady after the Fed’s rate hike as other risk assets fell. A decrease in U.S. oil inventories pointed to a rise in demand. OPEC production went down in October, raising global supply concerns. Crude Oil (CL) futures prices increased on Wednesday despite declines in other risk assets after the Federal Reserve’s fourth Read More…

Fundamental Analysis

Equity Index Futures prices Decline Amid Tight US Labor Market

The US labor market remains tight, with job vacancies rising more than expected. A tight labor market means still-high inflation dashing hopes for a Fed pivot. US industrial activity grew at its slowest pace in over 2-1/2 years in October. The prices of major equity futures indexes, including the E-mini Nasdaq-100 (NQ) futures, fell as Read More…

Fundamental Analysis

Equity Index Futures Prices Climb Ahead of FOMC Report

Investors anticipate slow-paced global rate hikes. US businesses reported poor quarterly earnings last week. Markets are holding their breath ahead of Jerome Powell’s press conference. Major equity index futures prices, including the E-mini S&P 500 (ES), continue climbing amid a broader market rebound. The Federal Reserve’s upcoming meeting could reveal how long it will stick Read More…

Fundamental Analysis

RBA to Raise Rates by a Modest 25bps amid Soaring Inflation

Economists expect the RBA to raise rates by 25bps on Tuesday. The unexpected rise in Australia’s inflation could see the RBA reconsider its smaller hikes. The RBA might be forced to raise rates by 50bps to try and keep up with the aggressive Fed. Australian dollar (6A) futures prices have been falling ahead of Tuesday’s Read More…

Fundamental Analysis

Gold (GC) Futures Under Pressure amid Upbeat US GDP Report

The US dollar reverses losses, making gold more expensive for overseas buyers. The US economy makes an unexpected recovery in Q3. US consumer spending fell to 1.4%, indicating reduced demand. Gold (GC) futures prices declined in choppy trading as a gain in the dollar offset support for the precious metal. Gold had been rising on Read More…

Fundamental Analysis

Crude Oil (CL) Price Advances on Record US Petroleum Exports and Weaker Dollar

US oil exports last week averaged 11.4 million barrels per day. The weaker dollar supports oil prices by making it cheaper for overseas buyers. US officials were forced to scale back the Russian price-cap plan. Following a session-high increase of more than 3%, crude oil (CL) futures prices continued to surge in early Asian trade Read More…

Fundamental Analysis

Equity Futures Prices Rally in anticipation of Lower Rate Hikes

Alphabet and Microsoft reported weaker-than-expected quarterly earnings. Data released Tuesday indicated a decline in consumer confidence amid rising inflation. Markets are betting on a lower 50bps hike from the Fed in December. Most U.S. Equity Futures index prices, including the E-mini Nasdaq-100 (NQ) futures, closed substantially higher on Tuesday, boosted by dropping benchmark Treasury yields. Read More…

Market Actors Remain Calm Ahead of US Elections and CPI Data

Canadian Dollar (6C) Futures Prices on the Rise Amid Dollar Weakness

US Labor Market Remains Resilient Amid Rising Interest Rates

Oil Prices Rise Despite a Stronger Dollar

Equity Index Futures prices Decline Amid Tight US Labor Market

Equity Index Futures Prices Climb Ahead of FOMC Report

RBA to Raise Rates by a Modest 25bps amid Soaring Inflation

Gold (GC) Futures Under Pressure amid Upbeat US GDP Report

Crude Oil (CL) Price Advances on Record US Petroleum Exports and Weaker Dollar

Equity Futures Prices Rally in anticipation of Lower Rate Hikes

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