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.

Pfizer Rallies on Rumour of Bristol-Myers Acquisition

  Last month, biopharmaceutical company Pfizer Inc (NYSE: PFE) reported a 12% y-o-y decline in the 4Q16 non-GAAP earnings to $2.89 billion. The Q4 non-GAAP earnings also missed analysts’ estimates. However, the company reported a GAAP net profit for 4Q16,

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Greenback Strengthens on Narrowed Current Account Deficit

  Support for a rate hike by the ECB council member Ewald Nowotny and victory of pro-EU candidate Mark Rutte in the Dutch election propelled the Euro against the Greenback, last week. The failure of Trump to repeal Obamacare also

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Micron Beats 2Q17 Estimates, Issues Strong Q3 EPS View

  Semiconductor chip maker Micron Technology (NASDAQ: MU) reported a swing to profit in the fiscal 2017 second-quarter earnings reported last Thursday. The company also posted a 58.4% y-o-y increase in the quarterly revenues. Following the report, investors rewarded the

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F5 Networks Remains Bullish on New Product Launches

  In January 2017, integrated internet traffic management solution provider F5 Networks, Inc (NASDAQ: FFIV) reported fiscal 2017 first-quarter earnings of $94.22 million, or $1.44 per share, on revenues of $515.96 million. The revenues were higher on y-o-y basis, but

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Strong Inflation, Retail Sales Keep the Pound Bullish

  The Pound has gained a lot of ground against most of the major currencies in the past three months. However, unlike the forecast of pessimists, there is no let down in the momentum. There are two main factors which

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British American Tobacco Up on Rise in y-o-y Volumes

  British American Tobacco Industries (NYSEMKT:BTI), which is one of the top five tobacco companies in the world, reported a lower than anticipated fiscal 2016 revenue, compared with last year. However, BAT’s (British American Tobacco) FY16 earnings exceeded analysts’ estimates.

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UK-US Yield Spread Recovery Signals Uptrend in Pound

  A tough stand taken by the EU against the UK, in the Brexit issue, resulted in Pound’s decline against the major currencies in early March. Lower than anticipated manufacturing and services PMI in the UK and overwhelmingly positive building

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Fake Account Scandal Continues to Haunt Wells Fargo

  Last week, the President and CEO of Wells Fargo & Company (NYSE: WFC), Tim Sloan, stated that he spoke to the legendary investor Warren Buffett, the largest shareholder with a 10% stake, and reassured him that the bank is

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3M Signals Downtrend on Overstretched Valuations

  In January, Post-it product manufacturer 3M Company (NYSE: MMM) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates. The company also reaffirmed its fiscal 2017 earnings guidance. On that basis, we had published an article on January 26th, recommending

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ECB Member’s Support for Rate Hike Keeps Euro Strong

  On the basis of encouraging inflation and PPI data from the European Union, we had forecasted the possibility of a strong Euro dollar rally on March 6th. Additionally, we had also suggested taking a long position in the EURUSD

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