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.

Caradano ADA Hogs Limelight Among Altcoins

The unregulated crypto currency market has virtually eclipsed the equity market this year. As the year comes to an end, main stream media has started allotting more time for crypto currencies. While Bitcoin is the one which is the most

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Ethereum Signals Exhaustion After Prolonged Rally

  Last week, we had mentioned that ETHUSD will remain range bound between 570 and 700 levels, based on a report on UBS’ plan to use the Ethereum smart contract platform for complying with MiFID II financial regulations of the

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Toyota Announces its Electric Car Manufacturing Plan

  The Japanese automaker Toyota Motor Corporation (NYSE: TM) is well known for their hybrid vehicles. They are known to be investing heavily in hydrogen fuel cell technology to achieve zero-emission. However, compared to batteries, fuel cells have proven to

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Freeport Nears Agreement with Indonesia for Grasberg Mine

  Despite posting an impressive Q3 results, the stock of Freeport-McMoRan Inc. (NYSE: FCX) remained range bound between 13.50 and 15.20 for the past two months. However, last week, the stock broke above the upper band to reach $17 levels.

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Kiwi Dollar up on Impressive Maiden Budget by Robertson

  After remaining range bound between 0.6835 and 0.6950 for the past two months, the NZDUSD pair closed above the upper band of the trading range on last Friday. The Kiwi dollar started strengthening after the government announced the appointment

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Ethereum Classic Up on Decrease in Block Reward

  In our December 7th report, we had forecast a bullish reversal in the Ethereum Classic token. Additionally, we had also indicated our willingness to invest in a call option to gain from the predicted uptrend. The Ethereum Classic token,

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UBS to Use Ethereum Platform for MiFiD II Compliance

  In our December 6 report, we had predicted the ETHUSD pair to turn bullish in the short-term. Additionally, we had also expressed our interest to take a long position in the crypto currency, near 450 levels. As anticipated, Ether

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Citi Issues Weak 4Q17 Revenue and Earnings Outlook

  John Gerspach, the CFO of the New York-based banking behemoth Citigroup (NYSE: C) announced last week that the 4Q17 revenue will be down by “high-teens” percentage, compared with last year. Further, if the tax reform bill goes through successfully,

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Caterpillar Fined $5m for Cheating its Customers

  The stock of earth moving equipment manufacturer Caterpillar Inc. (NYSE: CAT) hit a new 12-month high of $145.19 last week. A strong rise in orders from Chinese construction industry and Trump’s tax reform acted as a catalyst to the

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Pound Turns Bullish as UK & EU Strike Brexit Deal

  The GBPAUD pair rallied last week on expectations of a last minute breakthrough in the Brexit talks. As anticipated, the British Prime Minister Theresa May brokered a successful agreement between the Irish government, Democratic Unionist Party (DUP) and the

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