S&P 500 started on positive foot after better than expected earnings reports from the retailers and better housing data.
Job Title:
Forex Analyst
Home Location:
London, United Kingdom
Education:
Finance at Golden Gate University
Expertise:
Technical Analysis · forex · Stocks · Crypto · Writing
Knows About:
Technical Analysis · forex · Stocks · Crypto · Writing
Summary:
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
PositionForex Analyst
JoinedOct 07, 2021, 13:51 BST
Articles832
Nikolas Papas is a technical analyst of forex, stock market indices and commodities. His skills include technical analysis, forex, stocks, crypto and financial writing.
Ripple price retreat today after an impressive rally that drove the price close to yearly highs. Ripple price hit 0.3292 yesterday making fresh six month highs.
EURGBP give up early gains and turns lower in a quiet session as investors shift their attention to the new round of Brexit negotiations between the UK and EU.
Dax index trade lower for the fourth straight session as investors worry on the rising trading tensions between USA and China.
ASX 200 index trade close to daily highs before the closing bell recovering almost all of yesterday’s losses as the index struggles below the 200-day moving average.
Nasdaq started the week approaching record intraday highs as investors continue to bid the technology stocks after a drop in new coronavirus infections.
USDCAD after a short break on Friday, today resumed the downtrend threatening for on more time a break below the 1.32 mark. After a slow start today the pressure to USD accelerated after a big miss in NY Empire State Manufacturing Index
Dow Jones continues the consolidation phase that started the previous week, as the deadlock in negotiations in Washington and the cancellation of the meeting between China and USA weigh on investors sentiment.
USDNOK continues its slide towards the yearly lows as a weak dollar, and faster than expected economic recovery in Norway supports NOK. Investors await the Norges Bank interest rates decision on August 20.
Brent crude oil price consolidates close to five-month highs ahead of the OPEC+ meeting on August 19. OPEC+ managed to stabilize crude oil prices after the sharp drop in Brent crude oil price at $16 per barrel.
Dax index slide in early trading as investors digest the recent developments on the China – USA trade war after the negotiations scheduled for the weekend cancelled.
Nikkei 225 retreat today from the six-month highs that reached the previous week after economic data showed that the Japanese economy contracted the most since 1980.