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.

EU Commissioners – Italian Budget-draft Breaches EU Rules

  Italy’s bonds fell sharply yesterday, a few hours after the European Union’s executive body sent out a letter to the Italian government, and investors honed their focus on budget worries. As per the letter composed by the EU Commissioners

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Sears Files For Bankruptcy, Edward Lampert Resigns As CEO

  Sears Holdings Corp. (NASDAQ: SHLD) filed for bankruptcy protection from lenders, marking the financial collapse of a company that has ruled the American retail sector for a major portion of the 20th century. The statement comes in the middle

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Unimpressive CPI Data Dampens Fed Rate Hike Expectations

  The US dollar traded close to its lowest point in almost two weeks against its main peers on Friday as failing US treasury yields and additional losses on Wall Street damaged sentiment. The dollar index, a measure of the

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Wirecard Issues Upbeat FY25 Outlook, Reaffirms FY20 View

  Wirecard AG (WDI.XE), a world leader in processing online payment transactions, gained 9.57% yesterday to close at €182.10 after the company unveiled its targets for 2025 before the innovation day in London. The Germany-based fintech company, which got inducted

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Turkish Lira Declines As Inflation Rate Surges 24.5%

  Turkey’s currency depreciated above six-to-a-dollar, compared with just below four-to-a-dollar a year ago, after data revealed that inflation has gone up for the sixth successive month to its highest reading in 15 years as a worsening economic crisis continues

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Reserve Bank of Australia Leaves Monetary Policy Unchanged

  The Australian dollar is presently selling off against G10 currencies, mainly the US dollar and the Japanese yen. The selloff was sparked by the dovish interest rate statement made by the Reserve Bank of Australia (RBA). The market now

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Elon Musk To Resign As Chairman Of Tesla, Fined $20mln.

  The Securities and Exchange Commission entered into an agreement on Saturday with Tesla Inc. and Elon Musk to settle fraud charges, resulting in the forced eviction of Musk as chairman of the Tesla board and the payment of $40

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New Zealand Dollar Turns Weak On Widened Trade Deficit

  The New Zealand dollar fell against the currencies of developed countries, and specifically against the greenback last week after the average price of dairy product prices fell at the Global Dairy Trade auction to $2,934 per ton, in comparison

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Nike’s Ad Campaign With Colin Kaepernick A Runaway Success

  NIKE, Inc. (NYSE: NKE) was hit hard in the first week of September after the company launched a new 30th anniversary ad campaign of its “Just Do It” slogan featuring Colin Kaepernick., the former NFL player who created controversy

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Canadian Dollar Rallies On Hopes of Closing NAFTA Deal

  Business and political leaders are placing increasing pressure on the Canadian Prime Minister, Justin Trudeau, to agree on an arrangement to renew NAFTA and to refrain from saying that no deal is better than a bad one. With negotiations

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