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%.


Warning: Trying to access array offset on value of type bool in /home/blogoneuptrader/public_html/wp-content/themes/mantranews-pro-child-theme/author-saqib-dmggmail-com.php on line 38
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…

Posted on Comments Off on Gold Surges as Investors Scramble for Safety Amid Renewed Banking Fears
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…

Fundamental Analysis

Equities Post Losses Amid Uncertain Banking Sector, US Govt Debt Crisis

US equities ended lower Tuesday due to concerns that the government would run out of money after June 1 without a debt ceiling increase. Bank stocks collapsed following the weekend failure of American regional bank First Republic Bank. Energy shares tumbled as oil prices fell by 5% to a five-week low amid Concerns about the Read More…

Fundamental Analysis

Equities Edge Lower After Data as Investors Await the Fed Meeting

Wall Street equities ended slightly down, and Treasury yields rose as investors reviewed Monday’s data. They were awaiting Wednesday’s Fed’s interest rate decision and quarterly earnings reports. Data showed that the US manufacturing sector recovered from a three-year low in April as new orders and employment increased. However, the sector’s activity remained weak due to Read More…

Fundamental Analysis

Currency Futures Decline as Dollar Strengthens on Signs of Persistent Inflation

Currency futures closed lower on Friday as the dollar rose. The US dollar increased due to statistics showing that US inflation increased in March. At its monetary policy meeting next week, the Fed is still on track to raise interest rates.  The Bank of Japan announced it would retain its ultra-low interest rates as anticipated. Read More…

Posted on Comments Off on Currency Futures Decline as Dollar Strengthens on Signs of Persistent Inflation
Fundamental Analysis

Gold Reverses Gains as Dollar Rallies on Rate Hike Expectations

On Thursday, gold reversed course and fell as the dollar rose. Poor US economic data did not alter expectations of another interest rate hike. This is because inflation remained high. Data showed that the US gross domestic product expanded slightly slower than expected in the most recent quarter. The US government released a preliminary estimate Read More…

crude oil technical analysis
Fundamental Analysis

Oil Closes 4% Lower as US Recession Worries Intensify

Oil fell by about 4% on Wednesday as concerns about the world’s largest economy’s impending recession deepened. Oil fell even after a survey revealed that US crude stocks decreased more than anticipated. Energy Information Administration data showed that US oil stockpiles declined by 5.1 million barrels last week to 460.9 million. It was above analyst Read More…

Fundamental Analysis

Equities Plunge Amid Recession Worries Fueled by Poor Data, Earnings

On Tuesday, US equities plunged, ending the day in the red, while Treasury yields fell. Investors fled for safe havens due to weak economic data and disappointing earnings. The session concluded with all three major indices down by 1% or more. The tech-heavy Nasdaq fell 2%, marking its largest one-day decline since March 9. Those Read More…