Nikolas Papas, Author at InvestingCube

Market Brief: AUDSUD Rally Tests The 100-Day MA, Nikkei 225 at Seven-Week Highs

·Apr 30, 2020, 07:30 BST

Asian stocks finished higher for the third consecutive session with Nikkei 225 breaching emphatically above the 50-day moving average on optimism that the economy across the globe will return

Litecoin LTCUSD Underperforms As Bitcoin Breaks Above 8,300 mark

Cryptocurrencies

·Apr 29, 2020, 17:05 BST

Litecoin LTCUSD trades higher but is the underperformer today as the major cryptocurrencies follow the bitcoin sharply higher. Bitcoin managed...

Recession GDP Reading Push USDCAD To Two Week Lows

Forex

·Apr 29, 2020, 15:57 BST

USDCAD is under selling pressure for the third consecutive session making fresh two week lows. The contraction in U.S. GDP was worse than analysts estimates.

Premarket: S&P 500 Futures Higher, Recession Started

Indices

·Apr 29, 2020, 14:24 BST

S&P 500 futures recover yesterday losses on positive news that Gilead treatment shows positive results and despite the dismal economic...

Alphabet (GOOGL) Earnings Mixed Revenues Beat Estimates, But Ad Sales Drop

·Apr 29, 2020, 13:06 BST

Alphabet announced its Q1 earnings report yesterday after the markets close, reflecting how the coronavirus outbreak is affecting the company. The quarter started strong

Nifty 50 Makes Fresh Six Week Highs, Strong Resistance at 9,882

Indices

·Apr 29, 2020, 11:52 BST

Nifty 50 continues higher for the fourth consecutive session making fresh six week highs as the rebound from the coronavirus...

Ripple Price At Six Week Highs, Upside Capped at 0.2180

Cryptocurrencies

·Apr 29, 2020, 10:21 BST

Ripple price consolidates after yesterday’s strong rally at six-week highs after the successful break to the upside of the recent consolidation phase. XRPUSD is testing the 100-day moving average

Brent Crude Oil Price Rebound On Better API Oil Inventories Report

Commodities

·Apr 29, 2020, 08:58 BST

Brent crude oil price trades higher today after yesterday’s sharp losses amid increased volatility. The crude oil price slumped this...

Market Brief: Stock Markets Mixed, ASX 200 Higher on Stronger C.P.I.

Indices

·Apr 29, 2020, 08:10 BST

ASX 200 finished 1.51% higher at 5,393 as the index gains momentum after the correction from monthly highs. The Aussie Consumer Price Index rose by 0.3% in the first quarter of 2020 above the expectations