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 End Flat After Cautious Trading as Investors Await Earnings

US equities shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq. Investors prepared for a week of significant quarterly results and eagerly awaited economic data. Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut, stated, “People are unsure about what this week holds, especially regarding earnings. Read More…

Fundamental Analysis

Currency Futures Diverge After Mixed Economic Data, Dollar Rises

Currency futures diverged while the dollar rose on Friday after positive data confirmed rate hike expectations. S&P Global reported that the index of the US manufacturing and services sectors rose to 53.5 in April. It was the highest reading since last May, following a final reading of 52.3 in March. It conflicts with mounting evidence Read More…

Fundamental Analysis

Gold Surges as Treasury Yields Decline After Gloomy US Data

On Thursday, gold prices surged above the crucial $2,000 barrier once more as the dollar and Treasury yields declined. Weak US economic data supported the argument for the Federal Reserve to stop raising interest rates. A different data set revealed fewer existing house sales and significantly lower-than-expected factory activity in the mid-Atlantic region. At the Read More…

crude oil technical analysis
Fundamental Analysis

Oil Price Close 2% Lower on Rising Demand Worries

Oil prices fell by almost 2% on Wednesday, hitting a two-week low on worries that Fed rate hikes in the United States, the world’s largest oil consumer, might reduce oil consumption. Europe’s persistently high inflation rate and China’s mixed economic indicators discouraged investors. China is the world’s largest consumer of crude oil. That was the Read More…

Fundamental Analysis

Equities Gain as Earnings Season Begins, China Recovers After COVID

Equities in the US and Europe made some gains on Tuesday as the first-quarter earnings season started. The S&P 500 scraped out a tiny gain thanks to the resilience of a few large technology firms, which helped offset weaker-than-expected quarterly results from Johnson & Johnson and Goldman Sachs. Shares of healthcare firm J&J dropped 2.8% Read More…

Fundamental Analysis

Equities Fluctuate as Q1 Earnings Season Kicks Off with Bank Reports

US equities edged higher on Monday, buoyed by banking and industrial equities, as investors prepared for a busy week of corporate results. Federal Reserve officials’ remarks could also provide additional insight into the future direction of interest rates. Markets are assessing the state of corporate profits and the economy following several US banks’ impressive first-quarter Read More…

Fundamental Analysis

Currency Futures Fall as Dollar Recovers After Retail Sales Data

On Friday, currency futures fell as the dollar recovered from a one-year low after some March retail sales figures were not as weak as some economists had anticipated. A top Federal Reserve official cautioned that the US central bank must raise rates to reduce inflation. The dollar recovered from an initial decline when statistics revealed Read More…

Fundamental Analysis

Gold Rises on More Evidence of Easing Inflation

On Thursday, gold rose when additional negative US data supported predictions of a pause in Fed rate hikes. There were also fears of a mild recession which sent investors scrambling for safe-haven assets. The dollar and Treasury yields fell after data revealed a slowing in the increase in producer prices last month and an increase Read More…

crude oil technical analysis
Fundamental Analysis

Oil Hits One Month-High on Hopes of Ending Tightening Cycle

Oil prices rose by 2% on Wednesday, reaching their highest level in over a month. Cooling US inflation data raised optimism that the Federal Reserve would soon end its cycle of interest-rate hikes. This optimism Overshadowed a slight increase in US crude oil inventories. After increasing by 0.4% in February, the US Consumer Price Index Read More…

Fundamental Analysis

Equities Close Flat as Investors Remain Sidelined Ahead of US Inflation

Wall Street equities closed flat on Tuesday as investors awaited inflation data and the unofficial start of the first-quarter reporting season.  In the afternoon, stocks temporarily rose as Chicago Fed President Austan Goolsbee warned the Federal Reserve against raising rates too quickly to rein in inflation. Without market-moving variables, investors looked forward to the consumer Read More…