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.

Strong Inflation, Retail Sales Keep the Pound Bullish

  The Pound has gained a lot of ground against most of the major currencies in the past three months. However, unlike the forecast of pessimists, there is no let down in the momentum. There are two main factors which

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British American Tobacco Up on Rise in y-o-y Volumes

  British American Tobacco Industries (NYSEMKT:BTI), which is one of the top five tobacco companies in the world, reported a lower than anticipated fiscal 2016 revenue, compared with last year. However, BAT’s (British American Tobacco) FY16 earnings exceeded analysts’ estimates.

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UK-US Yield Spread Recovery Signals Uptrend in Pound

  A tough stand taken by the EU against the UK, in the Brexit issue, resulted in Pound’s decline against the major currencies in early March. Lower than anticipated manufacturing and services PMI in the UK and overwhelmingly positive building

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Fake Account Scandal Continues to Haunt Wells Fargo

  Last week, the President and CEO of Wells Fargo & Company (NYSE: WFC), Tim Sloan, stated that he spoke to the legendary investor Warren Buffett, the largest shareholder with a 10% stake, and reassured him that the bank is

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3M Signals Downtrend on Overstretched Valuations

  In January, Post-it product manufacturer 3M Company (NYSE: MMM) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates. The company also reaffirmed its fiscal 2017 earnings guidance. On that basis, we had published an article on January 26th, recommending

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ECB Member’s Support for Rate Hike Keeps Euro Strong

  On the basis of encouraging inflation and PPI data from the European Union, we had forecasted the possibility of a strong Euro dollar rally on March 6th. Additionally, we had also suggested taking a long position in the EURUSD

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HSBC Signals Uptrend on Impressive ROE, Share Buy Back

  In late February, the Europe’s largest bank by assets, HSBC Holdings Plc (NYSE: HSBC) reported a 62% y-o-y decline in the fiscal 2016 pre-tax profit. The London-based lender also missed the 4Q16 adjusted pre-tax profit estimates compiled by Bloomberg.

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Aussie Turns Weak on Gloomy Iron Ore Price Forecast

  The uptrend in the price of coking coal and better than anticipated job additions turned the Aussie bullish against the Canadian dollar, which is under pressure from the sharp drop in the price of crude oil. The Reserve Bank

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Citigroup Signals Correction on Overstretched Valuation

  Considering the rise in loans, fixed income, and Common Equity Tier 1 ratio at the end of fiscal 2016 fourth-quarter, on February 7th, we had recommended investing in a high or above option contract of Citigroup Inc (NYSE: C),

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Starbucks Refutes Negative Consumer Sentiment Claims

  Global coffee and food retailer, Starbucks (NASDAQ: SBUX) lost about 4% last week to close at $54.48. There were two main reasons for the decline in the share price. Firstly, a market research firm named xAd reported that the

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