Posts From Andrew Wright

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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.

Bank of Mexico Warns Wage Hikes Could Propel Inflation

  The Mexican peso started declining against its rivals despite claims by senior government officials that a deal with the US to quash import duties on steel and aluminum from Mexico is imminent. Investors and speculators are concerned about Mexico’s

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Pound Down As Cross-Party Brexit Talks Fail To Go Forward

  The pound continued to fall against its competitors yesterday after the UK’s Shadow Chancellor of the Exchequer, John McDonnell, stated that there are no significant changes so far in the cross-party Brexit talks. Soft job data also encouraged traders

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Deutsche Telekom Reports Weak 1Q19 Results

  The German telecom giant Deutsche Telekom AG (DTEGY.PK) reported a decline in fiscal 2019 first-quarter net profit, despite posting a year-on-year increase in pre-tax profit on revenue strength. The financial institution declared a better performance in all regions, particularly

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Telenor and Axiata To Form Pan Asian Telecom Giant

  Norway’s Telenor ASA (OTC: TELNY) and Malaysia’s Axiata Group are in discussion for a possible merger that may result in the formation of a telecom behemoth in South and Southeast Asia with about 300 million clients, as both parties

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Mexican Peso Weakens As Economy Contracts 0.2% in Q1

  The Mexican peso lost ground against a basket of currencies as the trading week nears to an end, mainly due to the contraction of the economy in the first quarter of fiscal 2019. Notably, despite the economic downturn, Peso

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Euro Up As Spain’s Socialist Party Holds Power In Elections

  The euro gained against the US dollar yesterday, following the announcement of poor US inflation data in the early US session. However, before that happened, the EUR/USD currency pair fell briefly following the reporting of weak eurozone business climate

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Microsoft’s Market Cap Briefly Crosses $1 trillion

  Microsoft Corporation (Nasdaq: MSFT) and Facebook, Inc. (FB) started the tech earnings season, with both multinationals exceeding analysts anticipations. Specifically, Microsoft shares leaped more than 5% percent on Thursday, nudging the software behemoth beyond $1 trillion market capitalization on

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Canadian Dollar Strengthens As Oil Hits 6-Month High

  The Canadian dollar gained yesterday against the most-traded currencies thanks to a robust crude oil rally. But the uptrend was limited as major players in the market await the central bank’s monetary policy decision due tomorrow. Specifically, the Canadian

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AmEx Posts Mixed 1Q Results, Reaffirms FY19 EPS View

  American Express (NYSE: AXP) yesterday reported stronger-than-anticipated fiscal 2019 first-quarter earnings, despite rewards programs and rising costs taking a toll on its profits. However, the credit card provider missed revenue estimate of analysts. Still, the company reaffirmed its full-year

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Swiss Franc Turns Weak Despite Good PPI Data

  The Swiss franc turned weak yesterday amid an increase in risk appetite in the Forex market. Currency strategists believe that traders were willing to take the risk because of expectations for a China-US trade deal in the weeks ahead.

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