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.

USDJPY Retreats as Yen Gains Momentum

USDJPY Retreats as Yen Gains Momentum

Yen started the European trading session on strong foot today, after the pair yesterday hit the weekly high at 108.50. As of writing the pair is trading at 108.14 very close to daily low as traders fishing for safe heaven assets. We are waiting for comments from The Bank of [...]
USDCAD Rebounds Above 1.34

USDCAD Rebounds Above 1.34

The pair rebounds today breaking above the 1.34 level and trading as of writing at 1.3416 amid USD strength across the board and as the retreat in crude oil prices, (to multi month lows) Canada’s main export item, seems to have added further weakness in the Canadian Dollar (CAD). The [...]
Crude oil Bearish Momentum Persists

Crude Oil Bearish Momentum Persists

Crude oil finished lower for one more day down to 51.73 losing $1.23 (-2.30%) a level that we haven’t seen since January 8th 2019. The recent US-China trade war escalation and threats that USA will impose tariffs to all Mexican imports pressing oil benchmarks around the globe.  This week API [...]
US Indices Finished Higher

US Indices Finished Higher

Equities in Wall Street finished higher on Wednesday, extending the rally they initiated yesterday as investors remained hopeful the Fed will lower interest rates before the end of the year. The Dow closed 207 points higher, powered by a combination of short-covering and as market focus shifted from trade concerns […]

AUDUSD Rejected at 0.70

AUDUSD Rejected at 0.70

Negative tone prevails for the AUDUSD pair during US session. The Aussie had capitalized USD weakness the last three trading days with a move which started from 0.69 and finished above 0.70. Today the pair failed to hold the 0.70 mark and retreated to 0.6967 breaching the 50 hour moving […]

USD: Sharp Reversal on ISM Non-Manufacturing

USD: Sharp Reversal on ISM Non-Manufacturing

The dollar index is on a roller coaster today as it reacted with a sharp drop down to 96.70, new multi month low, after the worst than expected US ADP report that posted a 9-year low at just 27,000 jobs in May. DXY managed to come back with a strong […]

Gold hits 3 month high

Gold Hits 3 Month High

Gold hits 3 month high as investor expectations that the Fed will eventually cut interest rates in the face of escalating US-China trade war, grow. FED Chairman Powell commented that the Fed is willing to take any action in the event of a slowdown. The bond market is indicating two […]

NZDUSD: Kiwi Shines, Taking Full Advantage of USD Weakness

New Zealand Dollar is the winner today as it gains over 0.50 percent to 0.6640 taking advantage from USD weakness. The NZDUSD rally which started since last Friday low at 0.6501, a level that reached due to interest rate cut by RBNZ the previous week, accelerates as the pair broke [...]

GBPUSD: Better Than Expected UK Services PMI Boosts Pound

Cable is trading north making 5 days high as the rebound from previous week low below 1.26 continues, as investor sentiment improves and buyers return to the oversold pair. GBPUSD managed to break above all the critical hourly moving averages and got an extra hand in early European session by [...]

EURUSD Rebound Has Reached 100-Day MA

EURUSD continues higher for one more day after the pair tested YTD low last Wednesday and managed to rebound amid speculation over Fed rate cut after comments from the FED chair Powell on Tuesday, raised expectations the U.S. central bank is moving to an interest rate cut. Yesterday the pair [...]