Nikolas Papas, Author at The Industry Spread - Page 22 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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Iron Ore Prices Rally, AUD gets a lift

May 28, 2019

Asian indices finished higher today as the China-U.S. trade dispute continues, with few signs a deal will be reached in the near-term. The Nikkei225 finished 0.37 percent higher to 21,260 the Hang Seng benchmark in Hong Kong finished 0.22 percent higher at 27,351. The Shanghai Composite finished 0.17 percent lower to 2,888 below the 100-day MA, while in Singapore the FTSE Straits Times index finished flat to 3,167. Australian equities rebounded on Tuesday, breaking a three-session slump.

Volatility returns in Forex, EURUSD rebounds from YTD Lows

May 24, 2019

Asian indices finished mixed today as the China-U.S. trade dispute entering the 15th month, with few signs a deal will be reached in the near-term. The Nikkei225 finished 0.16 percent lower to 21,117 the Hang Seng benchmark in Hong Kong finished 0.42 percent higher at 27,384. The Shanghai Composite finished 0.02 percent higher to 2,852 below the 100-day MA, while in Singapore the FTSE Straits Times index finished 0.28 percent lower to 3,169.

Asian Equities Finished Lower, Euro Approaches YTD Low

May 23, 2019

Asian markets finished lower today as traders worry that the China-U.S. trade war escalates, following reports that the US will look at imposing a blacklist on up to five China surveillance companies and the FOMC minutes added nothing new as “Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would likely remain appropriate for some time,” according to minutes of the Federal Open Market Committee’s two-day meeting in late April.

Sterling at Four-Month Lows

May 22, 2019

Asian markets finished mixed today amid global politics and geopolitical uncertainty. The Nikkei225 finished 0.05 percent lower to 21,283, the Hang Seng benchmark in Hong Kong finished 0.04 percent lower at 27,647. The Shanghai Composite finished 0.87 percent lower to 2,880, while in Singapore, the FTSE Straits Times index finished flat at 3,184.

GBPUSD in search for support, Bears control EURUSD

May 21, 2019

Asian markets finished lower today amid global politics and geopolitical uncertainty. The Nikkei225 finished 0.14 percent lower to 21,272; the Hang Seng benchmark in Hong Kong finished 0.10 percent lower at 27,756. The Shanghai Composite outperformed adding 1.23 percent to 2,903 while in Singapore the FTSE Straits Times index finished 0.49 percent lower at 3,188.

ASX200 closed to fresh 11.5 year high after surprise in General Election

May 20, 2019

The Nikkei225 finished 0.24 percent higher to 21,301; the Hang Seng benchmark in Hong Kong finished 0.59 percent lower at 27,784. The Shanghai Composite lost 0.41 percent to 2,870 while in Singapore the FTSE Straits Times index finished 0.77 percent lower at 3,205. Australian stocks rallied to a fresh 11.5 year high, as investors responded to the Federal Election result.

Pound breaches 1.28 as the no deal Brexit scenario is back on the table

May 17, 2019

Asian markets finished mixed today as China responded with a firm message that it does not want to sit down to negotiate so long as the US remains ‘insincere’ in trade talks. The Nikkei225 was the outperformer adding 0.89 percent to 21,250 the Hang Seng benchmark in Hong Kong finished 1.19 percent lower at 27,941.

GBPUSD at Three Month Low, Equities Looking for Direction

May 16, 2019

Asian markets finished mixed today as President Trump issued an executive order declaring a national economic emergency that empowers the government to ban the technology and services of “foreign adversaries” deemed to pose unacceptable risks to national security. The Nikkei225 gives up 0.69 percent to 21,042 the Hang Seng benchmark in Hong Kong finished 0.24 percent higher at 28,336.

Markets Rebound as Trade War Concerns Ease

May 15, 2019

Asian markets managed to rebound today from a three-and-a-half month low and oversold levels as President Trump continued his tweets on Tuesday, claiming tariffs had rebuilt America’s steel industry and criticizing Beijing for walking away from a deal. China on Monday announced it would impose higher tariffs on $60 billion of U.S. goods.

China Retaliation Tariffs adds to Global Economic Uncertainty

May 14, 2019

Asian markets finished lower today and fell to a three-and-a-half month low approaching oversold levels as China announced it would impose higher tariffs on $60 billion of U.S. goods. The Nikkei225 lost 0.75 percent to 21,033. The Hang Seng benchmark in Hong Kong finished 1.43 percent lower at 28,135.

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