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 Flat Ahead of US Inflation and Bank Earnings

US equities recovered from large losses to end Monday flat as investors absorbed Friday’s jobs data and prepared for a busy week of inflation data and bank reports. The Labor Department released its March employment report on Friday, a market holiday, and it showed strong payroll growth and a welcome but minor slowdown in wage Read More…

Fundamental Analysis

Oil Prices Close Flat as Poor Economic Outlook Overshadows Crude Stocks Draw

Despite larger-than-expected draws in US crude and fuel stocks, oil prices remained mostly unchanged on Wednesday. The market weighed deteriorating economic outlooks against forecasts of US crude inventory declines and plans by OPEC+ producers to reduce production. According to government statistics, US crude inventories decreased by 3.7 million barrels last week, which was about 1.5 Read More…

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Fundamental Analysis

Equities Close Lower After Poor US Data Renewed Recession Worries

Tuesday saw a lower closing price for US equities as signs of a slowing economy increased concerns that the Fed’s efforts to contain decades-high inflation may trigger a severe recession. All three main indices declined as data revealed factory orders dropped for a second consecutive month. Job openings in the United States went down to Read More…

Fundamental Analysis

Equities Climb Amid Gains in Energy Stocks

US equities ended the day higher on Monday thanks to gains in energy stocks due to unexpected reductions in the OPEC+ group’s oil production targets. Tesla, however, fell after disappointing investors with its first-quarter electric vehicle deliveries. Tesla Inc. fell 6.1% after revealing that deliveries for the March quarter increased just 4% from the previous Read More…

Fundamental Analysis

Currency Futures Post Gains as Markets Expect Less Aggressive Fed

Currency futures posted weekly gains on Friday as slowing US consumer spending growth raised expectations that the Federal Reserve would become less aggressive. According to a report by the US Commerce Department, personal consumption expenditure prices increased 5.0% in February compared to last year. It slowed from a 5.3% rise in January. A measure of Read More…

Fundamental Analysis

Gold Rises on Increased Demand Owing to a Weaker Dollar

On Thursday, gold prices increased by almost 1% as demand for the precious metal increased due to a weaker dollar and lower bond yields. At the same time, investors awaited US inflation data to determine the Federal Reserve’s next move. The dollar index dipped 0.5%, making gold more attractive for foreign buyers, while benchmark 10-year Read More…

crude oil technical analysis
Fundamental Analysis

Oil Pulls Back on Profit Taking, Supply Constraints

Oil edged lower on Wednesday in choppy trading as investors looked to cash in on gains from two straight days of gains. On the supply side, there were concerns about a shortage following an unexpected reduction in US oil inventories and the suspension of some oil exports from Iraqi Kurdistan. A smaller-than-expected output reduction in Read More…

Fundamental Analysis

Equities Reverse Gains After Remarks by Top Regulators on Failing Banks

US equities finished slightly lower on Tuesday as traders considered remarks made by a top American regulator regarding failing banks. Michael Barr, head of the Federal Reserve’s banking division, stated that Silicon Valley Bank’s risk management was “terrible” before it collapsed. One of the greatest drags on the S&P 500 was the decline in share Read More…

Fundamental Analysis

Equities Rebound After First Citizen’s Bid to Buy Silicon Valley Bank

Wall Street equities rose on Monday as worries about the banking system were reduced. First Citizens BancShares stated it would take over the deposits and loans of insolvent Silicon Valley Bank. The S&P 500 bank index, which had closed down more than 22% for the month on Friday, ended the day up 3%.  The deal Read More…