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.

Lite Coin Turns Bullish on Successful Atomic Swap Test

  In our November 16th report, we had forecast a rally in the Lite coin from the level of $60, following its listing in the South-Korean exchange Bithumb. Further, we had predicted the LTCUSD pair to breach the level of

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UBS White Paper Calls Bitcoin a Speculative Bubble

  In our November 15 report, we had predicted a sharp bounce back in the price of Bitcoin, which had plunged below $6000 due to the suspension of Segwit2x hardware fork. We had expressed our willingness to purchase the coin

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AIG Swings to Q3 Loss on Sharp Rise in Hurricane Costs

  The hurricanes, Harvey, Irma, and Maria dropped a huge bill of about $120 billion on the US insurers. Still, the large players posted a third-quarter profit that beat analysts’ estimates. However, it was not the case with American International

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Tesla Swings to Q3 Loss, Postpones Model 3 Targets

  Electric car manufacturer Tesla, Inc. (NASDAQ: TSLA) reported a swing to a loss in the fiscal 2017 third-quarter, compared with a net profit in the corresponding quarter of 2016. The quarterly net loss also missed analysts’ estimates. Investors punished

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Canadian Dollar Weakens on Impasse in NAFTA Negotiations

  In our October 23rd report, we had forecast a rally in the USDCAD pair, which was trading at around 1.2600. Additionally, we had mentioned that two trades – one each in the Forex and binary market – may be

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Litecoin Gets Listed in Major S.Korean Exchange Coinone

  Litecoin, which is technically almost identical to Bitcoin, dropped to $55 from about $64 in the past week, as Bitcoin plunged on the announcement of suspension of Segwit2x hardware fork. Litecoin, which aims to process a block every 2.5

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Bitcoin Signals Uptrend as Bitcoin Cash Rally Fades

  In our November 8 report, we had cautioned readers that BTCUSD is trading in the overbought region and a steep fall can be expected at any time. We had also mentioned our interest to go short at 7100 levels

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Las Vegas Tops Q3 View on Recovery in Macao Gaming Mkt.

  Aided by a strong recovery in the Macau gaming market, the hotel, retail mall, and gaming company Las Vegas Sands Corp. (NYSE: LVS) reported a 7.7% increase in the fiscal 2017 third-quarter revenues, compared with the corresponding quarter last

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Baidu Beats Q3 Outlook, Issues Weak Q4 Outlook

  Chinese search engine giant Baidu, Inc. (NASDAQ: BIDU) reported third-quarter earnings that were almost double than anticipated by analysts. The revenue was in line with the Wall Street expectations. Still, the stock lost about $30 to trade at $230

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Pound Up on Strong Growth in Industrial Production

  The GBPUSD pair remains range bound between 1.3075 and 1.3280 for the past two months. The weakness in the US economy, mainly due to hurricanes Harvey and Irma, kept the Greenback weak. On the other hand, the Brexit related

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