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.

Novartis Acquires AveXis In $8.70 Billion Cash Deal

  Swiss drug maker Novartis AG (NYSE: NVS) has announced that it is going to acquire gene therapy company AveXis in an all cash deal totalling $8.70 billion. With this acquisition, Novartis hopes to expand its position as a global

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Poor Non-farm Payrolls Data Turns US Dollar Weak

  The greenback fell against the Canadian dollar last week after Trump threatened to impose another $100 billion worth of trade tariffs on Chinese products. As expected, China said it will hit back in a similar fashion. The Canadian dollar,

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The Leading Cryptocurrency Stories for 9th April 2018

Last Thursday, the Reserve Bank of India ordered India’s banks and other financial institutions in the country, to stop doing business with entities dealing in cryptocurrencies. The market fell on the next day, but bounced back sharply over the weekend.

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Pound Remains Bullish On Strong IHS Mfg. PMI Data

  Last week, the New Zealand Dollar traded on the defensive against the currencies of developed countries, following the inking of new Policy Targets Agreement between Finance Minister Grant Robertson and incoming RBNZ governor Adrian Orr. The agreement requires the

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Caterpillar Remains Strong Despite China’s Import Tariffs

  The stock of earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) declined to $142 yesterday, before closing at $145. The main reason for the decline is the retaliatory tariffs announced by the Chinese government on 106 US products. However,

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The Leading Cryptocurrency Stories for 4th April 2018

The cryptocurrency market started recovering late Monday after nearly two weeks of decline. While there were no major negative developments that sparked the sell off, the liquidity in the market dried considerably. That made it easier for the short sellers

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Euro Up on Strong French Preliminary CPI Data

Between March 19th and 23rd, the EURJPY pair declined from 131.70 to 128.90. The rate hike and the upbeat GDP forecast issued by the US Federal Reserve was the prime reason for the Euro dollar’s decline. During the same period,

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Boeing Receives $1.6 Billion Order From Kuwait Air Force

Despite posting impressive 4Q17 results, the stock of Boeing Company (NYSE: BA) declined from $351 to about $310 in March. The additional 10% import tariff on aluminium, announced by President Trump, weakened the stock. However, it should be noted that

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The Leading Cryptocurrency Stories for 2nd April 2018

The cryptomarket continues to remain weak for the second week in a row, even though there was no specific reason for the decline. The total market capitalisation of cryptocurrency market fell to $269 billion. In fact, there were several promising

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Twitter Turns Bearish On Citron’s ‘Short’ Call

  The stock of Twitter Inc. (NYSE: TWTR) plunged 12% on Tuesday after Andrew Left, a well known short-seller, announced that he is shorting the social media company. Ironically, Left, who is with Citron Research, announced his decision through a

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