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.

Japan’s Industrial Production Grew 8.7% m-o-m in July

  The yen strengthened against the euro dollar yesterday, following the release of robust industrial production data. The victory of Yoshihide Suga in Japan’s ruling party election also inspired confidence among market participants. Suga is widely expected to continue with

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Oracle Beats Q1 EPS Estimates On Cloud Demand

  Information technology giant Oracle Corp (NYSE: ORCL) reported fiscal 2021 first-quarter earnings and revenues that beat analysts’ estimates. The company also issued a higher than expected second-quarter outlook. The stock closed almost flat at $57 on Friday. Since the

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Facebook Bans Political Ads a Week Ahead of Elections

  Social media platform provider Facebook (Nasdaq: FB) has decided to prohibit the display of political advertisements in the week ahead of the November 3rd presidential election. The decision will not have much impact on the top line of the

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HP Beats Third Quarter Estimates on Strong Demand for PCs

  HP Inc (NYSE: HPQ) reported better-than-anticipated fiscal 2020 third-quarter revenues and earnings as demand for its PCs soared due to the COVID-19 pandemic that forced employees to work from home. The company also issued impressive Q4 and FY 2020

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US Core Durable Orders Growth Ease to 2.4% m-o-m in July

  Despite the release of strong core durable goods orders data, the greenback declined against the Aussie as the growth rate of orders in July was lower compared to June. Economists now believe that the rebound in the US economic

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Pfizer-BioNTech 2nd COVID-19 Vaccine Shows Positive Results

  Pfizer Inc (NYSE: PFE) and its associate BioNTech SE (Nasdaq: BNTX) garnered the market’s attention on Friday following the release of supplement positive info related to their second COVID-19 vaccine candidate trial and reaffirmed their plan to call for

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COVID-19 Pushes Japan’s Economy into Record Contraction

  The greenback declined against the Japanese yen yesterday despite the release of abysmal GDP data from Japan. The steep decline in the Empire State Manufacturing Index data published by the Federal Reserve Bank of New York was one of

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Epic Games Files Lawsuit on Google for Removing Fortnite

  Fortnite, a popular online video game developed by Epic Games, was removed from the Google Play Store serving Android users, after the game started permitting its users to remit payments directly to Epic for in-app purchases rather than streamlining

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Uber Posts Narrowed Loss in Q2 and Misses EPS View

  Uber Technologies Inc (NYSE: UBER) lost 5.21% or $1.81 to close at $32.90 after the ride-hailing service reported a fiscal 2020 second-quarter loss of over $1 billion, a figure far exceeding Wall Street estimates. Revenues also declined 29% but

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Eurozone Services PMI Enters Expansion in June

  The Kiwi dollar declined against the Eurodollar yesterday after the average dairy prices dropped 5.1% in the latest auction. Also, weak employment data and forecast of further job losses in the months ahead also further weakened the New Zealand

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