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.

Pound Down on Widened Trade Deficit, Brexit Uncertainty

  The 24-year low unemployment rate, trade surplus, and higher-than-anticipated inflation rate is strengthening the Yen against the G10 currencies. In particular, the Yen has considerably strengthened against the Pound in the past few trading days. From a high of

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The Leading Cryptocurrency Stories for 10th Jan 2018

The crypto currency market is in a nascent stage of growth. Thus, even rumors and developments which are fundamentally unrelated to crypto currencies have a huge impact on the prices. How, most crypto specialists expect the industry to get matured

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BlackBerry Up On Multiple Partnership Agreements

  The stock of Blackberry Ltd (NYSE: BB) has gained about 30%n the past two weeks to trade at about $14. The rally began after the company reported third-quarter results that beat analysts’ estimates. The uptrend was also fuelled by

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US Dollar Up on Hawkish Statement From Fed Presidents

  The US dollar remains weak against its rivals as the inflation outlook provided by the Fed at the end of the December FOMC meeting was not impressive to the market. Further, the Fed had stated that it is unlikely

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The Leading Cryptocurrency Stories for 8th Jan 2018

The race to become the next big crypto currency is heating up, with supporters of diverse platforms, Ethereum and Ripple, pushing their favourite currencies to a new highs on a daily basis. While the mainstream media is focused on Bitcoin,

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Netflix Rallies on Rumours Of Buyout By Apple

  The stock of streaming video provider Netflix, Inc. (NASDAQ: NFLX) has gained nearly $14 in the past two trading sessions. The stock was upgraded to “Outperform”, from “Neutral” by Macquarie. The investment research firm also raised the price target

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Euro Strengthens On Record Low Jobless Rate in Germany

  The Euro dollar began the year on a stronger note against the Kiwi dollar. However, the common currency was weakened by the soft PMI data for Italy, France, and Spain, reported Tuesday. Later that day, in the New Zealand

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The Leading Cryptocurrency Stories for 3rd Jan 2018

The equity and debt markets remained lacklustre last week due to Christmas and New Year celebrations. However, it was not the case with cryptocurrency market where major shake-ups took place, as detailed below. Further, several governments have started to look

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Trump Targets Amazon for US Postal Service’ Rising Losses

  On the last trading day of 2017, the stock of e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) fell 1.40% or $16.63 to close at $1,169.47. While reporting the Q3 results, Amazon had forecast that its e-commerce business will likely lose

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Aussie Turns Bullish on Strong Commodity Prices

  Despite the bearish sentiment created by Brexit, the Pound ended stronger against the Aussie at the end of 2017, compared to a year ago. From a level of about 1.7100 in January 2017, the GBPAUD pair had appreciated by

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