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

Equities Close in the Red as US Consumer Spending Weakens

US equities ended lower on Tuesday due to Home Depot’s disappointing forecast and weaker consumer spending indicated by April’s US retail sales data. There were also uncertainties surrounding interest rates and debt limit negotiations.  Home Depot’s annual sales forecast reduction and larger-than-anticipated profit decline caused its shares to drop by 2.15%. This drop significantly affected Read More…

Fundamental Analysis

Equities Edge Higher Despite Sharp Drop in US Manufacturing Activity

US equities closed slightly higher on Monday as the S&P 500 and Dow had modest gains. However, the New York Federal Reserve’s “Empire State” index, which measures manufacturing activity, fell sharply to -31.8 in May, much lower than the anticipated -3.75. This raised concerns about a possible slowdown in the US economy, which could decrease Read More…

Fundamental Analysis

Currency Futures Slide as Dollar Sees Biggest Weekly Advance Since February

Currency futures fell on Friday as the US dollar rose. The dollar experienced its largest weekly gain since February. This rise occurred as investors sought safe havens due to concerns about the US debt ceiling and monetary policy. According to the University of Michigan survey released on Friday, US consumer sentiment reached a six-month low Read More…

Fundamental Analysis

Gold Sinks as Investors Flock to Dollar Amid Economic Uncertainty

Gold prices fell on Thursday as investors preferred the dollar as a haven amid downbeat US economic data. Even though gold is considered a hedge against inflation and uncertainty, high-interest rates diminish the appeal of the non-yielding asset.  Last week, there was a notable spike in the number of unemployed Americans filing new claims for Read More…

crude oil technical analysis
Fundamental Analysis

Oil Ends Three-Day Rally as Demand Worries Resurface After US Inflation Data

On Wednesday, oil prices fell by more than a dollar a barrel, ending a three-day rally. The drop came after economic data suggested that the US Federal Reserve may hike interest rates further. US consumer prices rose in April, potentially increasing the likelihood of higher interest rates. Global interest rate increases have worried traders about Read More…

Fundamental Analysis

Equities Dip as Investors Remain Cautious Ahead of US Inflation

US equities dipped on Tuesday as investors exercised increased caution in anticipation of the US consumer price index report. Investors were also awaiting a meeting between US political leaders to discuss the debt ceiling. The Labor Department’s consumer price index (CPI) report will come out on Wednesday, and investors will closely analyze it for any Read More…

Fundamental Analysis

Equities Mixed as US Inflation Report Looms

The US equities rally paused on Monday as investors shifted their focus to a key inflation reading later in the week. Throughout the day, stocks struggled for direction due to disappointing earnings from Tyson Foods and Catalent and a short-lived rebound in regional banks.  Catalent Inc’s shares tumbled as the contract drug manufacturer reported lower Read More…

Fundamental Analysis

Currency Futures Mixed as Dollar Surges on Jobs Gain

Currency futures ended Friday mixed as the dollar rose after an upbeat jobs report. The dollar lost some of its gains made earlier versus the Euro but maintained its strength against the yen. April’s employment gains and wage growth exceeded economists’ expectations but revealed negative job revisions for March. The employment figures rose by 253,000, Read More…

Fundamental Analysis

Gold Surges as Investors Scramble for Safety Amid Renewed Banking Fears

On Thursday, gold continued its remarkable surge, supported by predictions for a pause in US rate hikes as US banking fears intensified a flight to the safe-haven metal. Wall Street dropped due to PacWest’s decision to look into strategic options. The news increased worries about the health of local banks and countered the optimism about Read More…

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crude oil technical analysis
Fundamental Analysis

Oil Drops 5% on Economic Growth Concerns Fueled by Rate Hikes.

Oil prices fell 4% on Wednesday after the US Federal Reserve increased interest rates and as investors worried about the economy. Oil fell by 5% in the previous session, experiencing its largest daily percentage fall since early January. The Fed lifted interest rates by a quarter of a percentage point on Wednesday afternoon. This rate Read More…