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.

Switzerland’s Retail Sales Raised 3.1% y-o-y in October

   The Swiss Franc remained range-bound against the Japanese yen yesterday following the release of better-than-anticipated economic data from Switzerland and Japan. While the preliminary industrial production data from Japan was impressive, Switzerland’s retail sales data was exceptional. In

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AstraZeneca COVID-19 Vaccine Demonstrates 90% Effectiveness

  Pharmaceutical company AstraZeneca PLC (Nasdaq: AZN) announced that a provisional clinical data assessment indicated that its COVID-19 vaccine has a median efficacy rate of 70% against the Coronavirus. The stock closed at $53.57, down $1.13 or 2.07% from the

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Pfizer Files Emergency COVID-19 Vaccine Application With FDA

   Pfizer Inc (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) stated on Friday that it had applied to the US FDA (Food and Drug Administration) for emergency authorization use of its COVID-19 vaccine. Following the news, the stock closed

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UK Core Consumer Price Inflation Increases by 1.5% y-o-y in Oct

  The British Pound gained ground against the greenback yesterday following the release of better-than-anticipated consumer price index and producer price inflation data from the UK. The lower-than-anticipated increase in the US crude oil inventories data also fueled the pound’s

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Cisco Beats 1Q 2021 Estimates and Issues a Strong Q2 View

   Router manufacturer Cisco Systems Inc (Nasdaq: CSCO) reported a decline in the fiscal 2021 first-quarter earnings and revenue compared with the similar period last year. However, the company’s quarterly results surpassed Wall Street estimates. Despite a decline in

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RBNZ Maintains its Interest Rate, Rolls Out New Lending Scheme

  The Kiwi dollar surged against the greenback on Wednesday after the Reserve Bank of New Zealand boosted its monetary stimulus package while maintaining its interest rate to stir up the economy. The Monetary Policy Committee (MPC) also chose to

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Uber Posts Narrowed Q3 Loss, Issues Optimistic FY 2021 View

  The ride-hailing company Uber Technologies Inc (NYSE: UBER) reported a fiscal 2020 third-quarter net loss that narrowed from last year. The results reflect the negative impact of the COVID-19 pandemic on the business. Both earnings and revenue missed Wall

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General Motors Rallies 6% as Earnings Blow Away Estimates

   General Motors Co (NYSE: GM) reported its fiscal 2020 third-quarter earnings that blew away analysts’ estimates, primarily due to high-profit margin SUVs and trucks in North America. However, revenues were slightly below Wall Street expectations. Following the earnings

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Bayer to Acquire Gene Therapy Firm AskBio for Up to $4B

  Life science company Bayer AG (OTC: BAYZF,  XTR: BAYN) revealed that it is acquiring Asklepios BioPharmaceutical Inc, also referred to as AskBio, in a deal worth up to $4 billion to build up the drug manufacturing division as it

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Turkish Lira Hits New Low on Policy and Geopolitical Worries

   The Turkish lira (TRY) hit a new historical low of 8.0991 against the US dollar yesterday, reflecting a depreciation of over 1% from Friday’s close of 7.9650, after the country’s President Recep Tayyip Erdogan dared the US to

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