Nikolas Papas, Author at The Industry Spread - Page 23 of 27
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).

Latest news by

EURUSD at Yearly Low

February 12, 2019

Asian indices closed higher on Tuesday on optimism that the Sino-US trade talks may be able to reach a trade deal before the deadline on March 1st. Japan’s major index Nikkei closed 2.61 percent higher at 20,864 China’s Shanghai Composite index also added 0.52 percent to 2,668, Hong Kong’s Hang Seng finished 0.11 percent higher at 28,177 while Australian stocks has bounced off its early lows to snap two straight sessions of losses on Tuesday.

Eurozone Growth Concerns will Weight on Markets

February 11, 2019

In a week that is once again likely to have Brexit as a dominant theme, Asian indices were mixed on quiet trading day with ASX 200 down by 0.2 but managed to hold above 6000pts and near four-month highs. The Shanghai Composite index finished 1.36 percent higher to 2,653 the Hong Kong’s Hang Seng HSI, rose 0.2% and The Kospi in South Korea lost 0.1%.

More troubles Ahead as Eurozone Growth Forecasts Slashed

February 8, 2019

Global growth concerns send Asian stocks lower. The main Japanese index Nikkei225 shed 2.01 percent to 20,333. Hang Seng reopened after a Lunar New Year break, lost 0.16 percent to 27,946. The Kospi lost 1.2%, and Australian stocks snapped its four-session winning streak with the ASX 200 sliding 21 points or 0.3% to 6071, but despite a lackluster session today it has still been the best weekly performance for the index since November 2016.

Nikkei Closes Lower, NZDUSD Plummets to 0.6745

February 7, 2019

Japanese main stock index Nikkei 225 finished 0.59 percent lower at 20,751 on concerns over the Sino-US trade war while South Korea’s Kospi rose 0.3 percent to 2,209.76 and New Zealand’s NZX index finished 0.8 percent higher. Aussie stocks have extended its winning streak to four days, hitting fresh four-month highs with the ASX 200 adding 1.1 per cent to 6,026 thanks to gains across all sectors. NZDUSD took a hit on the chin after a weaker-than-expected New Zealand labor market data raised the odds of an RBNZ rate cut.

RBA sends Aussie Dollar Lower, Greenback gains

February 6, 2019

Indices closed higher in Asia following a late rally in Nasdaq as investors continue to wait on further developments in trade talks between China and US. In Tokyo, the Nikkei 225 edged 0.14 percent higher on Wednesday, and the Australian stocks continued to climb higher, to end a third straight session in positive territory.

RBA Keeps Policy Steady as Expected

February 5, 2019

The Reserve Bank of Australia at its February monetary policy meeting left the official cash rate unchanged at a record low of 1.50% for the 27th straight meeting, thus supporting Australian shares which ended 1.9 percent higher at 6,005 following gains from financials, marking the best gains of the year for Aussie stocks.

Stock Markets Higher on Positive Sentiment

February 4, 2019

Positive news from US-China trade talks during the weekend pushed Asian stocks higher. In Tokyo, Japan’s Nikkei 225 index finished 0.3% higher at 20,883 the Hong Kong’s Hang Seng index added 0.21% percent higher at 27,990.

EURUSD Corrects Lower, US – Sino Trade Talks Ended with no Deal

February 1, 2019

Trade talks in Washington between the two biggest economies ended without a deal. Trump has insisted that if a satisfactory deal is not reached, the tariffs will be imposed at the deadline. The China Caixin Manufacturing PMI came in at 48.3 below analyst’s forecasts (49.5) in January the reading was the lowest since early 2016.

Fed to be Patient Raising Rates, Asian Stocks at Four Month High

January 31, 2019

Asian stocks finished the session close to four-month highs, following Wall Street indices, after the FED pledged to be patient in raising rates going forward. Shares in Japan was 1.06% higher at 20,773, and the Shanghai Composite index is gaining 0.35 percent. In Hong Kong, the Hang Seng index finished 1.04 percent higher at 27,935, and South Korea’s Kospi added 0.2%. Australian stocks have not been able to replicate the positive performance in other Asia markets with ASX200 giving up 0.4 percent to 5,864.

Gold Rallies, Asian Stocks Mixed

January 30, 2019

Federal Open Market Committee meeting is on focus today. Although traders expect the Fed to leave its short-term interest rate unchanged, the comments at the press conference by Chairman Jerome Powell will be closely watched.