Latest news by Nikolas Papas
Events That Will Affect EURUSD This Week
[caption id="attachment_367289" align="alignnone" width="581"] EURUSD Daily Chart[/caption] EURUSD traders will mostly focus on the Federal Open Market Committee which meets on Tuesday and Wednesday. The expectations are for a quiet meeting as the Fed has…
Wall Street to Edge Lower on Protests and China-U.S. Woes
[caption id="attachment_367011" align="alignleft" width="300"] Protests against racial discrimination[/caption] Protests against racial discrimination taking violent tone and escalating China-U.S. tensions weigh down the market. Summary: Global equities are off to a positive start for the week…
Asian Markets Rally On Trump’s Mute Response to China
[caption id="attachment_364729" align="alignleft" width="300"] Asian markets rally[/caption] Asian markets rally on Monday morning after President Trump on his announcement last Friday left the trade deal with China intact, and he didn't impose any sanctions on…
Wall Street to Open Flat amid Mixed Cues & Escalating Sino-U.S. Tensions
Asian markets are trading mostly on negative foot the last trading day of the week as investors await a press conference by President Donald Trump on China and the developments in Hong Kong. China's Foreign…
Asian Stocks Higher Focus on NFP Data
[caption id="attachment_364729" align="alignleft" width="300"] Asian stocks higher on optimism[/caption] Asian markets finished higher on Friday amid renewed optimism after U.S. and Chinese officials spoke on the phone and agreed to start discussions for further negotiations.…
Asian Stocks Slump, Cryptocurrencies Under Pressure
Cryptocurrencies remain under pressure and Asian stocks plunged on Monday amid renewed tensions between USA and China as U.S. Secretary of State Mike Pompeo said there was a significant amount of evidence that the new…
Asian Stocks Slump, As US-China Trade Tensions Resurface
Asian stocks slump on May 1 as the trade tensions between the U.S. and China resurfaced. President Trump threatened that he would impose retaliatory tariffs on China over the COVID-19 handling. Above that, the U.S.…
Asian Stocks are Trading Higher On Remdesivir Hopes
[caption id="attachment_365331" align="alignleft" width="300"] remdesivir: a drug for treating the coronavirus[/caption] Asian markets are trading higher for the third consecutive trading session as the risk appetite returns to markets. Positive headlines that Gilead's coronavirus treatment…
Gradual Reopening Boosts Sentiment, Crude Oil Rebounds
[caption id="attachment_365763" align="alignleft" width="300"] Gradual reopening of economies[/caption] Asian markets ended mixed for one more day as the investors are more cautious at the monthly high after the sharp coronavirus sell-off. Gradually reopening of the…
Crude Oil Price Plunge, Stocks Mixed
Asian markets finished mixed on Tuesday as the crude oil price resumed its downtrend, and investors are booking some profits as the stocks are now almost 20% higher since the March lows. Wall Street ended…