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

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…

Fundamental Analysis

Currency Futures Decline as Safe-Haven Dollar Shines

Currency futures fell on Friday as the dollar rose amid banking crisis worries. The euro and the pound both experienced significant declines on Friday. European banking stocks dropped on concerns that the worst issues to affect the industry since the 2008 financial crisis had not yet been resolved. Deutsche Bank and UBS Group took the Read More…

Fundamental Analysis

Gold Prices Pick Momentum Amid Potential End of Fed’s QT

Gold prices increased on Thursday with a weaker US dollar following the FOMC’s announcement of a dovish interest rate hike, indicating its tightening campaign may end. Gold traders are elated again after the Federal Reserve confirmed Wednesday’s anticipated small 25 basis point interest rate hike. After retracing from year-to-date highs on Monday and Tuesday, the Read More…

crude oil technical analysis
Fundamental Analysis

Oil Surges to One-Week High on Dollar Weakness

On Wednesday, oil prices increased by around 2% to a one-week peak as the dollar fell to a six-week low. This followed the US Federal Reserve’s announcement of an expected modest rate hike and a suggestion that it was ready to pause further hikes. In response to recent market instability brought on by the collapse Read More…

crude oil technical analysis
Fundamental Analysis

Equities Close Higher as Bank Liquidity Concerns Subside

US equities closed substantially higher on Tuesday as market players focused on the Federal Reserve. This came as widespread concerns regarding liquidity in the banking sector subsided. The Fed is anticipated to end its two-day policy meeting on Wednesday with a 25 basis-point increase to its policy rate.  Regional bank collapses this week, followed by Read More…

Fundamental Analysis

Equities Climb as Credit Suisse Deal Reassures Investors

US equities increased on Monday as investors were reassured by a deal to save Credit Suisse and moves by central banks to boost trust in the financial system. Investors also considered the possibility that the Federal Reserve could hold off on raising interest rates this week. Late on Sunday, UBS and rival Credit Suisse agreed Read More…

Fundamental Analysis

Currency Futures Rise as Dollar Softens on Recession Worries

Currency futures rose, and the dollar dropped on Friday as markets became more nervous and worried about the possibility of a recession due to tighter monetary policy.  In recent days, US banks have requested a record $153 billion in emergency funds from the Federal Reserve, even though Credit Suisse’s $54 billion loan and First Republic’s Read More…