Nikolas Papas
Nikolas Papas
Nikolas Papas has been in the finance industry for over fifteen years in roles spanning across Europe and USA and has acquired in-depth knowledge and experience within many aspects of the financial markets. Nikolas has worked for some of Europe’s leading brokers, as an equity analyst, and a trader managing accounts for both private and corporate investors. He enjoys both the fundamental and technical aspects of trading and focuses on stock markets and all FX majors. Currently, Nikolas provides analysis and comments on online financial publications. He studied and completed a degree in Economics (BSc), and Finance (MSc).

Dow Jones Climbs, On Global Stimulus Talk

Dow Jones Climbs, On Global Stimulus Talk

Wall Street indices spiked higher today with the Dow Jones adding over 1.12% at 26,174.40. The Nasdaq currently is trading 1.52% higher at 8,014, while the S&P 500 trading 1.19% higher at 2,922.65 as trade tensions between China and US ease. The Michigan Consumer Sentiment Index registered at 92.1, missing [...]
USDCAD On Defense as Crude Oil Inches Higher

USDCAD On Defense as Crude Oil Inches Higher

USDCAD trades 0.02% higher at 1.3264 as the pair continues trapped between the 50 and 100 day moving averages. The momentum is positive for the pair, having the daily high at 1.3263 and the daily low at 1.3250. Crude oil, Canada’s main export product is 1.66% at $55.72 per barrel. [...]
EURGBP Breaks Above the 50 Hour MA

EURGBP Breaks Above the 50 Hour MA

EURGBP rebounds today after five consecutive sessions of losses at 0.9153 after a sequence of dismal economic data from European Union the previous week. European Monetary Union Consumer Price Index (YoY) came in at 1% missing expectations of 1.1% in July. . On the technical analysis side the bulls are [...]
DAX index Breaks Above the 200 Day MA

DAX index Breaks Above the 200 Day MA

DAX index trading 0.67% higher at 11,638 as trader’s hope of more stimulus from central banks around the globe. European Monetary Union Consumer Price Index (YoY) came in at 1% missing expectations of 1.1% in July. The German GDP shrank by 0.1% in the second quarter from the previous quarter [...]
EURUSD Bulls Regaining the 1.11 Mark

EURUSD Bulls Regaining the 1.11 Mark

EURUSD turns higher today after four consecutive days with losses, breaking above the 1.11 mark that opens the way for a visit to 100 hour moving average at 1.1136, after Eurozone June current account balance came in at €18.4 billion vs the previous reading of €29.7 billion. Bears are still [...]
GBPUSD Retreats From Daily High, Stops at 50 Hour MA

GBPUSD Retreats From Daily High, Stops at 50 Hour MA

GBPUSD turned sharply lower at 1.2131 after the pair rejected at 1.2172 the daily high. The pair last week got a boost from the UK Retail Sales which rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD stopped at [...]
Nikkei 225 Adds 0.71% as Investors turn More Optimistic

Nikkei 225 Adds 0.71% as Investors turn More Optimistic

Asian indices and Nikkei 225 finished higher today as the international trade relations sentiment improved after US and China were looking to move forward with trade talks in September. The Hang Seng finished 2.31 percent higher at 26,326, the Singapore Straits Times index finished 0.61 percent higher at 3,136 and [...]
AUDUSD Consolidates Below 0.68

AUDUSD Consolidates Below 0.68

AUDUSD trades 0.13% higher at 0.6783. Investors closely watch the RBA and a speech by Governor Lowe later this week, as it kept its official cash rate on hold at 1.00%, as widely expected earlier this month. In the daily chart the pair today is testing the support at 50 [...]