Lifting of Wall Street and the Euro on the Greece

Wall Street has rallied higher on reports that Greek leaders were near agreement on austerity measures is a requirement for the nation get a second rescue plan. Several news organizations reported that officials were preparing the final documents that would allow the Greece to qualify for bailout of 130 billion Euro. The document will be presented to the leaders of the three main political parties in Greece. The news also lifted the EURUSD above 1.3200 for the first time since December 12.

OpenBook top trader Gavinwright had excellent performance today with its trade on the EURUSD. This guru began to buy EURUSD close to 1.3130 and rode the rally to 1.3250. The EURUSD has bounced off the coast of support around 1.3100 and pierced the 1.3200 support. OpenBook trader Gavinwright acknowledged this possibility and reserved huge benefits on his trades. The merchant is an increase of 13% for this week and 103% over the last 30 days. In his own words, this trader like scalp in the market trends and also a few exchanges of range. The trader has 563 copiers and disciples of 1815 so far about OpenBook.

Wall Street is transferred in the Green today with the Dow up to 32 points, Nasdaq up 6 points and the S & P 500 points 2. Traders on OpenBook are primarily long the Dow (DJ30) with the limits of the average 13 000 and stops at 12,700.

With the economic calendar light U.S. today, focus turned to the Fed of Ben Bernanke Congress testimony. He urged Senators to resolve the debate over tax cuts to eliminate uncertainty. It also agreed that growth would slow to 1.1% in 2014 if era tax Bush cuts are allowed to expire. Tax issues are at the heart of reducing the Federal deficit expected to run over 1 trillion dollars for the fourth consecutive year.

OpenBook trader drangie, which has become a favorite to monitor trade the SPX500 continued its strategy of scalping today. This trader likes to trade that the SPX500 in pre-United States and cost-effective session closed 5 trades early this morning with profits averaging approximately 4%. The merchant is now 82% of its portfolio of trading the SPX500. The trader was buy the SPX500 below 1 340 and the search for opportunities for short as the SPX500 exchanged over 1,340. The trader has 2 copiers and 35 followers so far about OpenBook.