Bulls And Bears

OpenBook Traders Share Greece’s Optimism

 February 17th, 1:34 pm by Barbara Zigah

(eToro Blog) The Euro-Dollar is trading higher at 1.3162, not too far from the opening price as hopes build that Greece will be able to begin the process of swapping out its maturing debt with private bondholders as soon as Monday. On OpenBook, the dominance of bullish sentiment reflects traders’ optimism. OpenBook guru MPL1983, who expects that the EUR/USD will re-penetrate 1.32 area, earlier placed an order to buy the pair at the next dip. However, he currently holds several long positions, one already showing a small gain of 3.50%, while the others need that re-penetration to occur. Since yesterday this guru, who allocates 99.7% of his portfolio to the EUR/USD, has closed out two longs with an average return of more than 17%. For the month, he is on track to record a 167% return. Continue reading →

Weekly Review OpenBook Roundup

 February 16th, 7:55 pm by Barbara Zigah

(eToro Blog) This week we draw your attention once again to OpenBook guru Babczyk. Since we first highlighted this trader back in October last year, his popularity among the OpenBook has increased to nearly 1500 followers, and from 184 copiers then to almost 1300 as of this writing. Given that this trader primarily communicates via his trading wall in German, his incredibly strong following speaks to his skills as a trader rather than as a communicator. Followers and copiers should know that while English is not his mother tongue he does respond to questions and comments so they should not let the language barrier be an impediment to communicating with him. Continue reading →

Wall Street Pins Hopes on Fed’s Minutes and Prospect of More QE

 February 15th, 9:39 pm by Barbara Zigah

(eToro Blog)Wall Street had initially opened higher, following Europe’s lead, but speculation on the Fed’s possible QE-leanings may have been dampened given the improvement in today’s data points. As of this writing, it appears that Wall Street could use a bit of direction; the SPX500 is up 4.17 points, the NASDAQ higher by 23 and the DJIA now trading more than 23 points lower. Like the indices, the collective sentiment among OpenBook traders is also mixed; bullish on the SPX500 and the DJIA and bearish on the NASDAQ. Sentiment, however, could change in the lead up to 2:00 p.m. (EST) when the Fed releases its most recent meeting minutes.

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Pound Sterling Gets a Lift as Additional QE Chances Evaporate

February 15th, 4:36 pm by Barbara Zigah

(eToro Blog) Sentiment on OpenBook for the EUR/GBP, which is at this writing trading at 0.8373, is bearish with short positions outnumbering longs by 2 to 1. Trader PPvijayakumar, who is the go-to guru for this pair, has allocated 100% of his portfolio to the EUR/GBP over the past three months. He currently holds several recently opened short positions, one of which is already showing a profit of 16.5% and has a TP of 0.8272, which is only about 100 pips a way. Other opens long positions would need a strong Euro rally to turn them into a gain, an event unlikely at the present time. Continue reading →

Big Wednesday Critical for Eurozone and Euro Traders

February 14th, 6:51 pm by Barbara Zigah

(eToro Blog)Two major events are going to occur tomorrow in the Eurozone, both of which will have a major impact on the Euro, as well as the European bourses and later perhaps Wall Street, depending on how long sentiment endures. Specifically, the ECB will announce the terms of the latest LTRO, and demand is expected to be at least two to three times as large as the previous one, perhaps some analysts say, as much as €1.5 trillion. Continue reading →