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.

SAP Reveals 3-year Cloud Partnership With Microsoft

  Enterprise software developer SAP SE (NYSE: SAP, XETRA: SAP-DE) said on Monday that it had entered into a three-year agreement with Microsoft to assist its long-list of enterprise clients move their business activities into the cloud. The agreement resolves

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HSBC Issues First L/C Using Blockchain-Powered System

  The cryptocurrency market has turned red after Bitcoin (BTC) failed to consolidate and rise above the $8,500 level. Bitcoin, at the time of writing this article, has dropped to $7,980. The market cap has declined to $148.78 billion. Along

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Citigroup Downgrades PG&E, Says Stock Price Could Hit Zero

  PG&E Corporation (NYSE: PCG) made headlines last week after Citigroup analyst Praful Mehta downwardly revised the stock’s rating to “Sell” from “Neutral/High Risk” on concerns over the impact of a bankruptcy plan tabled by Elliott Management group. The Citigroup

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Power Ledger Begins 2nd Blockchain Energy Trading Trial

  The cryptocurrency market remains range-bound with slight bullish bias. However, Bitcoin (BTC) continues to struggle at $8,200 levels. In the past 24 hours, the cryptocurrency has gained 4.6% to trade at $8,260. The market cap of Bitcoin is currently

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Brexit Uncertainty Takes a Toll On UK Construction Sector

  The pound fell sharply yesterday after IHS Markit data indicated contraction of the UK construction sector as Brexit uncertainty caused sluggishness in demand. However, the pound bounced back strongly after the US private-sector job growth fell below analysts’ estimates.

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Accenture Posts Mixed 4Q Results, Issues Weak FY 2019 EPS View

  Management and technology consulting service provider Accenture Plc (NYSE: ACN) reported fiscal 2019 fourth-quarter earnings that beat analysts’ estimates. Revenues, however, missed analysts’ estimates. The company also issued FY 2019 earnings outlook below analysts’ forecasts. Following the announcement of

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Aussie Down as Manufacturing PMI Falls To 49.4

  The Aussie weakened yesterday against the greenback as manufacturing PMI data reported by the Commonwealth Bank signaled contraction in the manufacturing sector. Furthermore, the sharp drop in the price of iron ore and the Chinese delegation’s abrupt cancellation of

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Home Depot Falls On Ratings Downgrade By Guggenheim

  The shares of The Home Depot, Inc. (NYSE: HD) declined 0.34% or $0.78 to $230.21 yesterday after the big-box retailer was downgraded to “neutral” from “buy” by Guggenheim Securities, which sees an increase in spending and other expenditures affecting

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Turkey Central Bank Opts For Deeper Rate Cut Again

  The Turkish Lira gained against the greenback yesterday despite a greater-than-anticipated rate cut by the central bank of Turkey. The primary reason was that some of the major participants in the financial markets had expected the country’s central bank

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Takasbank To Launch Gold Trading On Blockchain Platform

  The cryptocurrency market remains mixed with some of the top 20 altcoins in the green, while the others are in the red. Bitcoin (BTC), however, continues to trade above $10,000 level. At the time of writing this article, Bitcoin

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