Nikolas Papas, Author at The Industry Spread - Page 21 of 34
Nikolas Papas
Nikolas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of the Europe’s leading Brokers, as equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors. Currently Nikolas provides analysis and comments to online financial publications. Educational background in Economics (BSc), and Finance (MSc).

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Relief Rally Continues, Gold under Pressure  

June 11, 2019

Asian indices continue higher for the second day as investor digesting the news that President Donald Trump suspended plans to impose tariffs on Mexico but the market’s going to remain sensitive to trade news flow for some time particularly as we head into the G20. The Nikkei225 finished 0.33 percent higher to 21,204 the Hang Seng benchmark in Hong Kong, finished 0.81 percent higher at 27,796.

Mexican Peso Rallies on Immigration Deal News

June 10, 2019

Asian indices started the week higher as investors are digesting the news that President Donald Trump suspended plans to impose tariffs on Mexico. The Nikkei225 finished 1.20 percent higher to 21,134 the Hang Seng benchmark in Hong Kong, finished 2.31 percent higher at 27,584. The Shanghai Composite finished 0.86 percent higher to 2,852, while in Singapore the FTSE Straits Times index finished 0.69 percent higher to 3,188. Australian equities are closed today.

Markets in a wait and see Stance before NFP Data

June 7, 2019

Asian indices finished mixed today as investors are digesting the European Central Bank meeting and keeping an eye on the US-China trade tensions. The Nikkei225 finished 0.53 percent higher to 20,884 the Hang Seng benchmark in Hong Kong finished 0.26 percent higher at 26,965. The Shanghai Composite finished 1.17 percent lower to 2,827, while in Singapore the FTSE Straits Times index finished 0.36 percent higher to 3,157.

ECB Decision is the Key for Today

June 6, 2019

Asian indices finished lower today as investor sentiment improves amid upcoming rate cuts from major Central Banks but concerns increase as the US –Mexican negotiations fail. The Nikkei225 finished 0.01 percent lower to 20,774 the Hang Seng benchmark in Hong Kong finished 0.13 percent lower at 26,862. The Shanghai Composite finished 0.94 percent higher to 2,834, while in Singapore the FTSE Straits Times index finished 0.47 percent lower to 3,128.

USD/JPY finally rebounds, Kiwi outperforms

June 5, 2019

Asian indices finished higher today as investor sentiment improves amid upcoming rate cuts from major Central Banks. The Nikkei225 finished 1.80 percent higher to 20,776 the Hang Seng benchmark in Hong Kong finished 0.30 percent higher at 26,846. The Shanghai Composite finished 0.06 percent higher to 2,862, while in Singapore the FTSE Straits Times index finished 0.61 percent higher to 3,142.

RBA Delivers the Cut, AUD slightly Higher

June 4, 2019

Asian indices finished mostly lower today as investor sentiment remains fragile amid trade war and the upcoming rate cuts from major Central Banks. The Nikkei225 finished 0.01 percent lower to 20,408 below its 100-day moving average; the Hang Seng benchmark in Hong Kong finished 0.70 percent lower at 26,702. The Shanghai Composite finished 0.96 percent lower to 2,862 also below the 100-day MA, while in Singapore, the FTSE Straits Times index finished 0.20 percent higher to 3,130.

Yen attracts Bids as Trade War Intensifies

June 3, 2019

Asian indices started the week lower as President Trump vowed to impose a 5% tariff on Mexican imports and China blames the U.S. for the breakdown in trade talks and said it won’t back down. The Nikkei225 finished 0.92 percent lower to 20,410 below its 100-day moving average; the Hang Seng benchmark in Hong Kong finished 0.16 percent lower at 26,854.

Mexican peso battered after Donald Trump announced new tariffs on Mexico

May 31, 2019

Asian indices finished lower for one more day as President Trump vowed to impose a 5% tariff on Mexican imports until that country stops immigrants from entering the U.S. illegally. The Nikkei225 finished 1.63 percent lower to 20,601 below its 100-day moving average the Hang Seng benchmark in Hong Kong finished 0.59 percent lower at 26,959. The Shanghai Composite finished 0.03 percent lower to 2,904 below the 100-day MA, while in Singapore the FTSE Straits Times index finished 0.80 percent lower to 3,118. Australian equities closed down 47 points or 0.74% to 6,392.

USD Looking North to YTD High at 98.37

May 30, 2019

Asian indices finished lower for one more day as US indices fell by as much as 0.9 percent last night, slumping to a three-month low and puts the Dow Jones on track for its sixth straight weekly decline. The Nikkei225 finished 0.49 percent lower to 20,900 below its 100-day moving average. The Hang Seng benchmark in Hong Kong finished 0.55 percent lower at 27,088.

Risk aversion on the rise as global bond yields continue to fall

May 29, 2019

Asian indices finished lower today as the China-U.S. trade dispute continues and a Chinese official hinted yesterday that Beijing could use its strength in rare earth minerals as leverage in its trade dispute with the United States. A rally in US 10-year treasuries saw yields slump to multi-year lows resulting in the inversion of the yield curve for the second time this year. It’s a repeat of the warning shot first fired in March this year.

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