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
Analysis

Nasdaq 100 (NQ) Gains as Meta Jumps on Upbeat Report

Nasdaq gains amid upbeat reports of Meta Platforms. Overall, the index is expected to close the month with about 12% losses. Disappointing earnings reports of Netflix and Alphabet may weigh on the NQ. After a two-day decline, futures on the Nasdaq 100 (NQ) gained up to 2.2%, around 13,340. However, the index pared off gains Read More…

gold technical analysis
Analysis

Gold Futures (GC) Remain Supported by Risk-off Sentiment

Gold futures (GC) saw a dip below $1,900 on Wednesday. Fed’s rate hike plan keeps the dollar-dominated gold under pressure. Negative risk sentiment may keep the losses limited. Gold futures (GC) prices remained in a tight range on Tuesday. However, the price dipped below the $1,900 level and broke the previous monthly lows of $1,890. Read More…

Analysis

E-mini S&P 500 futures (ES) Looking to Resume its Downside Trend

The E-mini S&P 500 futures (ES) ended a four-day losing streak Monday night after a tech-driven rebound. So, are we on the cusp of a market turn?  Elon Musk’s deal with Twitter Yesterday’s stock performance was mixed, despite the positive trend. The benchmark was down 1.7% by midday, but buyers hadn’t emerged yet. Ultimately, the Read More…

Analysis

Crude Oil Futures (CL) Dip 5% Amid Inflation, COVID

Crude oil slips lower as the COVID spread in China deteriorates amidst lower risk sentiment. Higher interest rates are weighing on CL futures. Tight oil supplies provide some support to the falling prices. The crude oil futures (CL) price fell nearly 5% on Monday, extending a decline that began last week amid worries about the Read More…

Analysis

British Pound Futures (6B) Plummet amid Poor UK Retail Data

UK retail sales data weighed on the pound. The Bank of England is still undecided about a rate hike. Fed’s hawkish rate hike plan drives the market. After UK retail sales data for March failed to show that inflation is biting consumers’ wallets, the British pound futures (6B) fell to major levels during the session. Read More…

Analysis

Japanese Yen Futures (6J) Stall Gains as Fed Hawks Dominate

On Thursday, Japanese Yen futures dropped to 0.007780 as the Yen faced renewed pressure amid global yields rise. Markets are now waiting for central bank policymakers, including Fed Chair Powell, to make comments that could trigger further gains. Bulls anticipate a possible retest of the multi-year lows surpassed earlier this week around 0.007735. As traders Read More…

Strategies Trading Tips

Double Top and Bottom Chart Patterns in Trading

In technical analysis, double top and bottom are chart patterns that predict market trends. Hence, it is not uncommon to find double tops and bottoms on the charts of financial instruments.  Double tops signify the end of a bullish trend, whereas double bottoms indicate a possible bearish trend reversal. Chart patterns such as double tops Read More…

Analysis

Canadian $ Futures (6C) Slips Despite Soaring WTI, Hawkish BoC

In response to a stronger US dollar, the Canadian $ (6C) fell from 0.7985 to 0.7930. A less aggressive than expected meeting by the ECB prevented higher oil prices from helping the CAD. Hawkish BoC could not help the bulls as the US dollar remains broadly stronger against its rivals. After rising to fresh weekly Read More…

Analysis

Crude Oil Falls 4.4% as Covid Hits Shanghai

Crude oil futures tend to fall further amid rising Covid in China. The release of the US oil supply may fuel the bears further. The technical bias remains on the downside. During mid-morning trading on April 11 in Asia, crude oil futures (CL) fell on concerns over China’s handling of the COVID-19 surge and stockpiling Read More…

Analysis

CHF/USD Futures Outlook Remain Negative Below 1.075, Eying FOMC

Wednesday marks the fourth consecutive day that the CHF/USD pair has seen strong bearish momentum. The dollar surged near two-year highs in response to the Fed’s hawkish outlook. CHF safe haven boosted by softer risk tone ahead of FOMC minutes. In the first half of the European session, the CHF/USD futures (MSF1) exchange rate maintained Read More…