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.

Euro Gains On Poor US ISM Manufacturing PMI Data

  The euro gained more than 100 pips against the greenback yesterday following the release of disappointing US manufacturing PMI in the US session. The release of German manufacturing PMI and Eurozone manufacturing PMI data that met expectations also enabled

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Lira Strengthens On Easing Of Tensions between Turkey & US

  Turkey’s lira soared nearly 1.5% yesterday on anticipations that its relationship with Washington would strengthen after the leaders of both countries decided to meet in late June while discussing (via telephone call) Ankara’s intention to buy Russian S-400 missile

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Aussie Rallies on Unexpected Win of Liberal coalition

  Yesterday, the Aussie reversed trend to move above 0.69 against the US dollar after the unexpected general election results. Analysts, however, believe that the reversal may be short-lived as the housing market, which reflects the strength of the Australian

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HPE Posts Mixed Q2 Results, Raises FY19 EPS View

  After the market closed on Thursday, Hewlett Packard Enterprise (HPE) reported a second-quarter profit that surpassed the Wall Street estimates. However, revenues missed analysts’ anticipations. The company also upwardly revised its full-year earnings outlook. HPE ended Thursday’s trading session

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Home Depot Q1 Comp Sales Miss Estimates

  The largest home improvement retailer in the US, Home Depot Inc. (HD), reported fiscal 2019 first-quarter earnings that surpassed analysts’ estimates. While the revenues were in line with analysts’ forecasts, the company missed same-store sales by a wide margin.

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Bank of Mexico Warns Wage Hikes Could Propel Inflation

  The Mexican peso started declining against its rivals despite claims by senior government officials that a deal with the US to quash import duties on steel and aluminum from Mexico is imminent. Investors and speculators are concerned about Mexico’s

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Pound Down As Cross-Party Brexit Talks Fail To Go Forward

  The pound continued to fall against its competitors yesterday after the UK’s Shadow Chancellor of the Exchequer, John McDonnell, stated that there are no significant changes so far in the cross-party Brexit talks. Soft job data also encouraged traders

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Deutsche Telekom Reports Weak 1Q19 Results

  The German telecom giant Deutsche Telekom AG (DTEGY.PK) reported a decline in fiscal 2019 first-quarter net profit, despite posting a year-on-year increase in pre-tax profit on revenue strength. The financial institution declared a better performance in all regions, particularly

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Telenor and Axiata To Form Pan Asian Telecom Giant

  Norway’s Telenor ASA (OTC: TELNY) and Malaysia’s Axiata Group are in discussion for a possible merger that may result in the formation of a telecom behemoth in South and Southeast Asia with about 300 million clients, as both parties

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Mexican Peso Weakens As Economy Contracts 0.2% in Q1

  The Mexican peso lost ground against a basket of currencies as the trading week nears to an end, mainly due to the contraction of the economy in the first quarter of fiscal 2019. Notably, despite the economic downturn, Peso

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