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.

EURUSD Tests the Support at 1.1260

EURUSD Tests the Support at 1.1260

Euro is weaker today against USD as the macro data from Germany continue to disappoint investors. German factory orders shrunk to 2.2 percent m/m for May, much worse than analysts’ expectations of -0.1 percent just to reaffirm the dismal economic environment in Germany and in the EU also. The figure...

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European Equities Lower Before NFP

European Equities Lower Before NFP

European equities trading lower today ahead of the important Non-Farm Payrolls are expected to have increased by 160,000 in June. This would mark an increase from May’s weak 75,000 gain. The unemployment rate is expected to remain at a 49- year low of 3.6%. Earlier today factory orders shrunk to [...]
USDJPY Gains Momentum Looking for A break Above 108

USDJPY Gains Momentum Looking for A break Above 108

USDJPY is adding 0.18 percent today at 107.99 ahead of Non-Farm Payrolls. the Foreign Reserves rose from previous $1308B to $1322.3B in June. The Overall Household Spending, year over year, came in at 4% beating forecasts of 1.6% in May. The Japan Leading Economic Index came in at 95.2 below [...]
AUDUSD Consolidates Above 0.70

AUDUSD Consolidates Above 0.70

AUDUSD consolidates above the 0.70 holding the gains from recent rally. Traders closely follow RBA and the interest rate outlook after the Central Bank cut the rates to 1%. The US non-farm payrolls data will add volatility to the pair as it is trading in just 10 pips range. AUDUSD...

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German Factory Orders Worst Than Expected

German Factory Orders Worst Than Expected

German factory orders shrunk to 2.2 percent m/m for May, much worse than analysts’ expectations of -0.1 percent just to reaffirm the dismal economic environment in Germany and in the EU also. The figure for April was at +0.3 percent. The EURUSD hit the daily low at 1.1274 after the [...]
FX Markets: Non-Farm Payrolls In Focus

FX Markets: Non-Farm Payrolls In Focus

Traders today await the Non-Farm Payrolls, but before that during the European session we have the Germany May factory orders data due at 6:00GMT, the France May trade balance data will be released at 6:45GMT while from Switzerland we expect the June foreign currency reserves at 7:00GMT. Pound traders await [...]
USDMXN: Mexico Consumer Confidence Worst Than Expected

USDMXN: Mexico Consumer Confidence Worst Than Expected

The Mexico Consumer Confidence came in at 106.1, worst than analysts’ expectations of 109.9 for June. USDMXN is giving up 0.11 percent to 18.9979 having hit earlier today the low at 18.967. Macro data from USA failed to impress USD investors yesterday, the US initial jobless claims for the week...

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EURUSD: Retail Sales Figure Disappoints

EURUSD: Retail Sales Figure Disappoints

EURUSD trading flat today at 1.1285 after European Monetary Union Retail Sales, month over month, came in at -0.3% worst than analysts’ expectations of 0.3% for May.  The Retail Sales, year over year, came in at 1.3%, and missed the forecasts of 1.6% in May. The volumes are very low [...]
Asian Indices Mixed, Nikkei Adds 0.30%

Asian Indices Close Mixed, Nikkei Adds 0.30%

Asian indices finished mixed today despite Wall Street indices finished at all time high. The Hang Seng finished 0.21 percent lower at 28,795, the Shanghai composite slipped 0.33 percent to 3,005 and the Singapore Straits Times index finished 0.19 percent higher at 3,374. ASX 200 in Australia ended 0.49 percent [...]
DXY Consolidates Above Mid 96

DXY Consolidates Above Mid 96

Dollar index trading slightly lower at 96.72 in thin trading and narrow trading range (10 pips) as the US markets are closed today for the 4th July celebrations. Yesterday US data failed to impress investors as the US initial jobless claims for the week of June 29th came in at...

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