Early this morning, the GfK Group released its key consumer confidence index for January, which is a gauge of confidence levels for the U.K.’s economic activity among the 2000 respondents. The reading improved to -29 from -33, beating analysts’ forecast of -32 yet far off the May “peak” of -21. The managing director of the group which conducts the survey on behalf of the E.U. Commission said that the improvement was somewhat surprising given the decline in U.K. GDP and the strong possibility that the economy is on the verge of another recession. However, he points to a decline in inflation and the recent lowering of energy prices as offering some hope to consumers.
OpenBook guru PPVijayakumar who is almost exclusively a EUR/GBP trader with 99.4% of his portfolio allocation, has consistently and successfully been able to scalp both sides of the pair and his statistics show that he is on track to post a 202% gain for the past six months. With 99.1% of all of his trades being positive, it’s understandable why this guru is regularly atop the leader board. Currently, the EUR/GBP pair is trading at .8373 and a bullish sentiment dominates on OpenBook.
Santosh is another guru who also primarily trades the Pound Sterling, though against the U.S. Dollar, with more than 64% of his portfolio allocated to the GBP/USD pair. He has several long positions opening the pair but would need a good bull rally to see them turn a profit. Nonetheless, nearly 99% of trades result in a profit for this trader who, in response to a question from a follower, admits that he avoids a fixed formula or strategy, but rather adapts his approach to the market’s behavior. Moreover, he doesn’t trade with more than 10% of his equity and uses a hedging strategy to maintain equity.
The GBP/USD pair is currently higher at 1.5751, but off the intra-day high of 1.5774; news from the Bank of England that net lending to individuals failed to meet expectations may put pressure on the pair. The report showed that lending rose from £0.6 Billion to £0.7 Billion while analysts surveyed had predicted an increase to £0.8 Billion. The Bank also reported that December’s mortgage approvals remained flat against expectations of an increase to 54,000.
OpenBook guru PPVijayakumar who is almost exclusively a EUR/GBP trader with 99.4% of his portfolio allocation, has consistently and successfully been able to scalp both sides of the pair and his statistics show that he is on track to post a 202% gain for the past six months. With 99.1% of all of his trades being positive, it’s understandable why this guru is regularly atop the leader board. Currently, the EUR/GBP pair is trading at .8373 and a bullish sentiment dominates on OpenBook.
Santosh is another guru who also primarily trades the Pound Sterling, though against the U.S. Dollar, with more than 64% of his portfolio allocated to the GBP/USD pair. He has several long positions opening the pair but would need a good bull rally to see them turn a profit. Nonetheless, nearly 99% of trades result in a profit for this trader who, in response to a question from a follower, admits that he avoids a fixed formula or strategy, but rather adapts his approach to the market’s behavior. Moreover, he doesn’t trade with more than 10% of his equity and uses a hedging strategy to maintain equity.
The GBP/USD pair is currently higher at 1.5751, but off the intra-day high of 1.5774; news from the Bank of England that net lending to individuals failed to meet expectations may put pressure on the pair. The report showed that lending rose from £0.6 Billion to £0.7 Billion while analysts surveyed had predicted an increase to £0.8 Billion. The Bank also reported that December’s mortgage approvals remained flat against expectations of an increase to 54,000.
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