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.

MasterCard Signals Breakout on Beating Street View

  In spite of reporting a 12.7% y-o-y increase in the fiscal 2017 first-quarter profit, the stock of credit card issuer MasterCard Inc (NYSE:MA) remains range bound between $117 and $119 for the past two weeks. One of the main

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Pound Turns Weak as Conservatives Lose Grip on UK

  The Canadian dollar was hardly affected by the weak economic data reported last week by Statistics Canada. The inflation rate of 0.4% m-o-m in April missed analysts’ estimates of 0.5%, while the retail sales declined 0.2% m-o-m in March,

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Alibaba Beats 4Q17 Estimates on Cloud Computing Growth

  Alibaba Group Holding Ltd (NYSE: BABA), China’s largest eCommerce firm, reported a 60% y-o-y growth in fiscal 2017 fourth-quarter revenues, compared to last year’s similar period. The Q4 revenues were above analysts’ consensus as well. However, the earnings missed

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Salesforce Beats 1Q18 Estimates, Issues Upbeat 2Q View

  A 2% y-o-y increase in research and development expenses saw the Customer Relationship Management (CRM) software and cloud computing service provider Salesforce.Com Inc (NYSE: CRM) report a swing to loss in the fiscal 2018 first-quarter, from a net profit

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Pound Signals Uptrend on Strong Retail Sales Data

Among G10 currencies, the Euro dollar was a clear winner last week. The victory of pro-EU leader Emmanuel Macron in the French election and annual inflation of 1.9% in the Euro zone propelled the Euro against its rivals. Even the

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Coke Accelerates Refranchising to Return to Growth Path

  The world’s largest soft-drink company, Coca-Cola (NYSE: KO), reported lower than anticipated fiscal 2017 first-quarter earnings. Higher than anticipated refranchising expenses took a toll on the earnings. The Q1 revenue was above analysts’ expectations. However, on y-o-y basis, the

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Strong Q1 Retail Sales, Dairy Prices Keep Kiwi Bullish

  On April 24th, we had advised Forex traders to open a long position in the NZDJPY pair near 76.90, and book profit at about 78.40. A call option valid for a period of one week was recommended for binary

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Decline in Mall Foot Traffic Keeps Starbucks Bearish

  High-end coffee chain Starbucks (NASDAQ: SBUX) reported better than anticipated fiscal 2017 second-quarter results on April 27th. However, the stock crashed to a low of $59, from a high of $61.84, a day earlier. Lower than anticipated revenues, disappointing

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JP Morgan Up on Strong Investment Banking Performance

  In mid-April, JP Morgan Chase & Co (NYSE: JPM), the largest US bank by assets, reported a 17% y-o-y increase in the fiscal 2017 first-quarter net income, compared to last year’s similar quarter. However, the stock has hardly moved

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Greenback Remains Weak on Soft Core Retail Sales

  On the basis of poor US unemployment data in March and the inability of the Republicans to repeal affordable care act, on April 12th, we had forecasted the Greenback to decline against the Euro. In this regard, we had

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