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.

Pound Firms over Talks of Transitional Deal with EU

  On the basis of weak PMI data and lack of improvement in the current account deficit situation, we had forecasted the GBPUSD pair to decline from 1.2960. Furthermore, we had mentioned our interest to open short position in the

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BoA Beats 2Q17 Estimates, CET1 Rises to 11.6%

  Aided by a strong growth in both the net interest income and non-interest income, on Tuesday, the Bank of America (NYSE: BAC) reported a better than anticipated fiscal 2017 second-quarter results. However, the stock has not appreciated so far

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Weak Inflation, Dovish RBNZ Turns the Kiwi Dollar Bearish

  Last month, Mario Draghi, president of the ECB, stated that the monetary stimulus should be withdrawn on a step by step basis as the Euro zone economy is showing signs of improvement. The hawkish tone triggered a rally in

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Morgan Stanley Value Netflix Content Library at $11bn

  The stock of entertainment company Netflix Inc. (NASDAQ: NFLX) has nearly doubled in value in the past one year. Netflix’ strategy of developing in-house content is certainly bringing in a large number of subscribers both in the US and

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Wells Fargo Misses Q2 Rev. View, Efficiency Declines

  The third-largest bank in the US by assets, Wells Fargo & Company (NYSE: WFC), reported its fiscal 2017 second-quarter earnings that beat analysts’ estimates. However, the bank missed Q2 revenue expectations. Additionally, the issues discussed below indicates that the

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US Dollar Turns Weak on Decline in Retail Sales

  The US dollar has been on a decline against its rivals due to a slowdown in inflation, poor wage growth, and arguable timing of the rate hike. On the contrary, the Canadian dollar was boosted by positive job data,

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Boeing Receives $294m Order from Algeria

  The stock of aircraft manufacturer Boeing (NYSE: BA) recorded a yearly high of $204.58 last week. Analysts attribute the positive response from customers for the bigger version of the 737 airliner, unveiled at the Paris air show, as the

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Aussie Turns Weak on Poor Growth in Home Loans

  Mixed economic data and dovish rate hike by the US Fed kept the Greenback weak for the past one month. Ironically, despite a sharp decline in the price of commodities, the Aussie managed to rally against the US dollar.

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Samsung Turns Bullish on Issuing Upbeat Q2 View

  The GDR (Global Depository Receipt) of Samsung Electronics Co L (BMV:SMSNN) recorded a new 12-month high of $1061 in the last week of June. The stock is now consolidating at 1030 levels. On the basis of impressive fiscal 2017

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Las Vegas Sands Seen Winning Japanese Casino License

  Having recorded a new yearly high of $66.22 on the third-week of June, the stock of Las Vegas Sands (NYSE: LVS) has declined about 10% to close at $62.17 yesterday. Strong gaming revenue growth in Macau has mainly contributed

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