Posts From Andrew Wright

Andrew Wright

Prior to founding tradersasset.com in 2014, Andrew worked as a proprietary trader, then as a market maker. As a market maker, he traded options in over 100 stocks, he then began trading currency pairs in 2013. Andrew still actively trades both, and prides himself on educating and informing traders on the benefits of both Binary Options and Forex.

Freeport to Divest 51% in Grasberg Mine of Indonesia

  The world’s largest publicly traded copper miner Freeport-Mcmoran Inc (NYSE: FCX) reported a swing to profit in the fiscal 2017 second-quarter. That took the share price to $15.71 in August. However, the stock has lost about $2 so far

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Greenback Strengthens on Signs of Possible US Tax Reforms

  In our September 4th report, we had forecast a rally in the AUDUSD pair. We had also mentioned our interest to open a long position in the currency pair 0.7940. Additionally, our desire to invest in a call option

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Google to Acquire HTC’s Smartphone Business

  In the first-week of September, unconfirmed reports stated that internet search engine giant Google, a subsidiary of Alphabet (NASDAQ: GOOG), is in the final stages of negotiations to buy out Taiwanese smart phone manufacturer HTC. That took the stock

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Apple Commits $3bn for Stake in Toshiba Chip Business

  According to the latest report, the iconic iPhone manufacturer Apple Inc (NASDAQ: AAPL) is planning to invest $3 billion in Bain Capital, which is leading the bid to acquire Toshiba’s memory chip business. The Japanese NAND memory chip manufacturer

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Irma to Boost Demand for Construction Materials in US

  The aggressive actions of Pyongyang had little negative impact on the USDJPY pair’s bullish rally last week. The Yen is usually one of the most sought after assets when there is a rise in global uncertainty. However, it was

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Strong Housing Starts Data Keeps Canadian Dollar Bullish

  Following the unexpected rate hike announced by the Bank of Canada last week, the Canadian dollar rallied against the G10 rivals, including the Yen. Even the thermonuclear fusion weapon test by North Korea did not deter the Canadian dollar

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Amazon Up on Anticipated Dominance in Grocery Market

  Worse-than-anticipated fiscal 2017 second-quarter earnings sparked a sell-off in the stock of e-commerce giant Amazon.Com Inc (NASDAQ: AMZN) in August. Notably, the company had reported a 25% y-o-y increase in net sales to $37.96 billion. One of the reasons

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Nike Signals Uptrend on Attractive Valuations

  The stock of apparel and footwear manufacturer Nike Inc (NYSE: NKE) has depreciated by nearly 12% in the past month, making it the worst performing Dow component during that period. The overall weakness in the retail apparel and footwear

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Upbeat Capacity Utilisation Keeps Canadian Dollar Bullish

  On August 14th, we had forecast a rally in the EURCAD pair on the basis of strong French employment data and short-term bearishness in the price of crude oil. Furthermore, we had mentioned our plan to open a long

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Micron Up on Strong FY17, FY18 Outlook for Memory Chips

  The stock of memory chip manufacturer Micron Technology (NASDAQ: MU) is trading near the 12-month high of $32.96. An increase in the price of DRAM and NAND memory chips, due to robust demand, boosted the profits of the chip

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