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.

PepsiCo Beats Q2 Earnings, Reaffirms FY19 EPS View

  Snack and beverage company PepsiCo Inc. (Nasdaq: PEP) posted a 12% y-o-y rise in net income for the fiscal 2019 second-quarter yesterday, mainly due to a reasonable increase in revenues. Both the top and bottom line of the company

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BMW, Daimler Unveil Autonomous Driving Partnership

  Bayerische Motoren Werke Aktiengesellschaft (XETRA: BMW.DE), popularly known as BMW, and Mercedes-manufacturer Daimler AG (XETRA: DAI.DE) Daimler unveiled a new collaboration on Thursday to build autonomous driving technology. The initiative has been taken to address the rapid developments in

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Weak Manufacturing PMI Data Turns the Pound Bearish

  The pound fell against the US dollar yesterday following the release of poor economic data that indicated a further contraction in the UK economy. The pound also came under selling pressure due to the resumption of trade talks between

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FAA Identifies New Issue On Grounded Boeing 737 Max

  Aircraft manufacturer Boeing Company’s (NYSE: BA) plans to bring back its 737 Max jet to service got delayed again as the Federal Aviation Administration (FAA) has pointed out a new technical issue in the plane. So, government authorities will

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Swiss Franc Strengthens As US Fed Signals Rate Cut

  The Swiss franc continued to gain against the greenback yesterday as cautious sentiment in Europe and Asia forced investors to look for safe haven assets. The US dollar also fell due to the dovish FOMC (Federal Open Market Committee)

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Adidas Loses Trade Mark Battle in Europe

  The sportswear company Adidas AG (OTC: ADDYY) once again lost a court battle regarding the three-stripe logo on footwear, clothing, and headgear. While pouring cold water over Adidas’ plans to expand its trademark three-stripe design in the EU, the

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US Dollar Declines On Poor Manufacturing Index Data

  The greenback started weakening against its G10 rivals at the beginning of a new trading week, mainly due to weak economic data and unresolved trade tensions between the US and China. As the investors are treading cautiously, the EUR/USD

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Morgan Stanley Turns Bullish On Disney’s Streaming Service

  The shares of Walt Disney Company (DIS) recorded a new yearly high of $142.37 yesterday after Morgan Stanley analyst Benjamin Swinburne opined that the Disney+, the media company’s streaming service, will add subscribers faster than anticipated. Swinburne also stated

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Pound Declines On Poor GDP, Industrial Production Data

Video URL The pound started declining against the US dollar yesterday after the release of GDP and industrial production data that revealed worse than anticipated contraction of the economy. The downtrend was also aided by the delays in finding an

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Google Acquires Data Analytics Firm Lookers For $2.60bln.

  The stock of Alphabet Inc. (Nasdaq: GOOG) has gained $2.12 or $0.20 to close at $1,044.34 after the company disclosed the decision to acquire Looker, a data and analytics software company in an all-cash deal worth $2.60 billion. It

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