Wall Street got a solid boost from the stream of positive economic releases as well as a report from the International Monetary Fund that it was looking to raise $500 billion to boost its lending funds. Despite a Euro rally that has extended into its second day, eToro gurus Hschinner and NMarijus had both shorted the EURUSD this morning in anticipation of further declines, with average targets around 1.2765. Top trader santoshtiwari, generally a Sterling bull, closed a long GBPUSD position in the early U.S. session, booking a gain of 6.28% and appears to be well on his way to redeeming a less than profitable quarter. The majority of his profitable trades over the past two weeks have, in fact been booked on the Swiss Franc with crosses against the U.S. Dollar and the Euro. Read more
Forex