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.

Weak Employment Data Turns Against the Aussie Dollar

  Yesterday, the Australian Bureau of Statistics announced a 0.6% rise in the Wage Price Index in the June quarter, from the earlier quarter on a seasonally adjusted basis. The actual increase met analysts’ expectations and surpassed the previous quarter’s 0.5% rate of increase. However, poor employment change data and a

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McDonalds Announces $6 Billion Modernisation Program

  Fast food chain McDonald’s Corp. (NYSE: MCD) and its franchisees are planning to spend $6 billion to revamp most of its 14,000 restaurants in the US and Commonwealth, by the year 2020. The announcement represents the company’s biggest facelift

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Euro Remains Weak Despite Solid Flash GDP Data

  The euro dollar (EURUSD) has been struggling recently due to the ECB’s dovish rate hike outlook. Additionally, fear of a domino-effect from the ongoing crisis with the Turkish lira, has given traders another chance to add up to their short

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SEC Scrutinizes Public Messages Of Tesla’s CEO Elon Musk

  The stock of electric car maker Tesla, Inc. (Nasdaq: TSLA) surged 11%  to $379.57 last Tuesday after CEO Elon Musk said he was looking at the option of taking the company private at a price of $420 per share. This

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HSBC Beats 2Q18 Earnings Estimates, Costs Spiral Upwards

  Europe’s largest bank by assets, HSBC Holdings plc (NYSE: HSBC) reported better-than-anticipated fiscal 2018 second-quarter results. The banking giant also reported first half pre-tax profit that surpassed analysts’ estimates. However, a steep rise in costs has turned the sentiment

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Caterpillar Tops 2Q18 Estimates, Raises FY18 EPS View

  Earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) defied slow down expectations to post better than anticipated fiscal 2018 second quarter earnings and revenue. The company also raised its FY18 profit outlook while saying that it would significantly offset

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Boeing Beats 2Q18 EPS View, Raises FY18 Revenue Outlook

  Despite beating fiscal 2018 second-quarter earnings and revenue estimate of analysts, the stock of Boeing Company (NYSE: BA) initially lost more than $10 yesterday, but later closed at $355.92. Lower-than-expected commercial aircraft revenue and FY18 EPS outlook sparked a

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Novartis Beats Q2 Estimates, Reaffirms FY18 Sales View

  Pharmaceutical company Novartis AG (NYSE: NVS) easily surpassed earnings and revenue expectations when it reported fiscal 2018 second quarter results yesterday. Cosentyx and Entresto drugs were revealed as the main driver of growth in the second-quarter. The company also reiterated

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BoA Beats 2Q18 Estimates On Tax Cuts, Cost Savings

  Effective cost-cutting and lower taxes enabled Bank of America Corporation (NYSE: BAC) to post better than anticipated earnings in the fiscal 2018 second-quarter. Additionally, the bank’s plan to invest in technology, lower provision for credit losses and a steep

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Microsoft Acquires Code Repository GitHub for $7.50 Billion

  In 2016, Microsoft Corporation (Nasdaq: MSFT) acquired LinkedIn for $26.2 billion. The largest acquisition in the history of Microsoft drew sharp criticism from industry observers. At that time, the market failed to see a valuable sales channel in LinkedIn.

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