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.

Allergan Buys Medical Aesthetics Firm Bonti for $195mln

  Dublin-based Allergan Plc (NYSE:AGN) is acquiring Newport Beach, California-based Bonti with an upfront payment of $195 million. In other related news, the company announced that revenue from its medical aesthetics business could double by 2025, even as it faces

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JP Morgan Reshuffles In EU, Braces for ‘no-deal’ Brexit

  J.P. Morgan Chase & Co. (NYSE: JPM) unveiled its restructuring plans yesterday, which will result in the creation of a unique Wealth Management business in Luxembourg and also improve operational capabilities of its Corporate & Investment Bank – Treasury

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Barnier’s Optimistic Comments On Brexit Deal Lifts Pound

  The sterling rallied against the greenback and euro yesterday after Michel Barnier, the European Union’s chief negotiator, stated a Brexit deal might be possible “within six or eight weeks” if the UK negotiators become realistic in their demands. Notably,

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Alibaba Founder Jack Ma To Reveal Succession Plans Today

  The New York Times reported on Friday that the Alibaba Group Holding Limited (NYSE: BABA) co-founder and executive chairman, Jack Ma is planning to step down as the Chairman of the Chinese e-commerce firm on Monday the 10th of

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Amazon Follows Apple To Become $1 trillion Company

  The online e-commerce giant Amazon.com, Inc. (AMZN) briefly crossed the market cap of $1 trillion yesterday but closed with a market cap of about 994 billion. It is the third company in the world and second in the US

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Trump’s Tweet Triggers South African Rand Sell-off

  Yesterday, the South African rand’s four-day rally against the US dollar was abruptly halted after U.S. President, Donald Trump, announced he has asked the Secretary of State to study South Africa’s land politics, triggering concerns that it may be

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Fed Chair Powell Assures Continued Gradual Rate Hikes  

  The US dollar started declining against its G10 rivals last week after the US President expressed his displeasure over rising interest rates. The downtrend extended when Trump called China and the EU out as ‘currency manipulators’. Following these statements,

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Pfizer Signs 4-year Marketing Deal With Exact Sciences

  New York-based Pfizer (NYSE: PFE) has inked a four-year deal with EXACT Sciences Corporation (NASDAQ: EXAS) to co-promote Cologuard, the first and only FDA-approved non-invasive stool DNA screening test for colorectal cancer. The sales representatives of Pfizer and Exact

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New Zealand Dollar Up On Strong Retail Sales Data

  The Kiwi dollar has been one of the worst performing currencies this year. A decline in the price of dairy products, and surge in energy prices have contributed to its weakness. Additionally, while many key central banks raise rates

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Canadian Dollar Remains Bullish on Strong CPI Data

  Last Friday, during a live broadcast cabinet meeting, the US president reaffirmed that his administration is not in talks with Canada on NAFTA related issues. Trump also stated that tariffs are set too high, and there are severe trade

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