Nikkei 225 finished lower today after the Federal Reserve kept the interest rates unchanged at 0-0.25% as was expected by markets and extended the swap lines with other major central banks.
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.
Kodak share price gains over 380% after the US administration’s sign a $765 million loan to the company to produce pharmaceutical ingredients in generic drugs due to the COVID-19 pandemic.
USDTRY set for a breakout after a consolidation phase that lasted over a month. The central bank of Turkey managed to keep the Turkish lira steady in a period the USD was under selling pressure across the board.
Amazon will report second-quarter earnings on July 30 after the closing bell. Analysts expect a strong performance as the coronavirus lockdown boosted online shopping and the cloud services
S&P 500 futures stabilize today to the upside as investors focus turn to Fed decision and corporate earnings. Facebook, Qualcomm and PayPal are among the bellwether companies set to report earnings on Wednesday
USDNOK resumes the downtrend today after yesterday's short break and is approaching the yearly lows as investors continue to dump USD. The rising number of new coronavirus cases threatens the economic recovery in the USA
Dax index started muted the session as investors await the Fed decision later on the day. Markets are assessing the risks from the rising numbers of coronavirus cases and the rise in tensions between the USA and China
Gold price stabilizes today following yesterday's volatile session. Gold hit record highs yesterday up to 1,981, but strong profit-taking in early European trading session pushed the price down to 1,909.
USDCAD gains some ground today after six straight days of losses after better than expected economic data from the USA earlier today. The Conference Board's Consumer Confidence Index dropped from 98.3 in June to 92.6
Nasdaq retreat today after two straight days of gains as the debate around the fourth relief package continues while the earnings reports earlier today from McDonald's and 3M failed to impress investors.
Lloyds continues south for one more day making fresh two month lows after the news that the Bank of England is considering the suspension of dividends and share buybacks and into 2021
GBPUSD seesaws today having hit earlier fresh four-month highs as the pressure on USD eased today. Risk-on sentiment drives investors away from the USD, which acted as a safe haven asset