Posts From Andrew Wright

Avatar

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.

US Producer Price Index Rises 0.4% m-o-m in September

  The EUR/USD pair rallied yesterday despite the release of weaker than anticipated Eurozone industrial production data. In the US session, the PPI data published by the Bureau of Economic Analysis was better than forecasts made by economists. Still, the

Read More

Goldman Sachs Resumes Coverage on GE With a ‘Buy’ Rating

  General Electric Co. (NYSE: GE) hogged the limelight on Friday after Joseph Ritchie, an analyst at Goldman Sachs, restarted coverage of the engineering conglomerate by issuing a “buy” rating, citing that the stock has hit its rock bottom in

Read More

Morgan Stanley to Buy Eaton Vance in a $7 Billion Deal

  Morgan Stanley (NYSE: MS) is acquiring asset management firm Eaton Vance Corp (NYSE: EV) for roughly $7 billion in a cash-and-stock deal. The takeover cements Morgan Stanley’s CEO James Gorman’s efforts to propel the financial institution’s investment management business.

Read More

Eurozone Retail Sales Grew 4.4% m-o-m in August

  The Eurodollar rose against the greenback yesterday following the release of better than anticipated German final services PMI and a sharp rise in the Eurozone retail sales in August. Notably, the ISM non-manufacturing PMI data was also higher than

Read More

PepsiCo Beats Q3 Estimates as Pandemic Boosts Snacks Sales

  Beverage giant PepsiCo, Inc. (Nasdaq: PEP) reported better-than-anticipated fiscal 2020 third-quarter earnings and revenues as the pandemic aided a solid increase in snack sales which led the top-line growth. The company also reaffirmed its core earnings view for FY

Read More

AstraZeneca Gets Partial Protection in COVID-19 Vaccine Deal

  AstraZeneca PLC (NYSE: AZN) has clinched a deal with the European governments to safeguard itself from any exorbitant fines in case its COVID-19 vaccine leads to any side-effects. As per the agreement, European governments will settle claims above a

Read More

The Eurozone Flash Services PMI Hits A Four-Month Low

  The euro dollar declined against the pound following the release of French and German flash services PMI data that indicates contraction in September. The UK’s flash services PMI data also missed economists’ estimates but reflected an expansion, albeit at

Read More

Piper Sandler Upwardly Revises the Price Target of Tesla

  The shares of Tesla Inc (Nasdaq: TSLA) rallied 4.42% or $18.72 to close at $442.15 on Friday after Alex Potter, an analyst at Piper Sandler, issued an upbeat outlook on the company’s energy business and detailed clarification on CEO

Read More

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

Read More

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

Read More