Wednesday, June 8, 2022

Copytrade Mode Updates From MFM Securities

We decided to change our copytrade mode to High-Water Mark mode replacing the existing mode (All Profit).

High-Water Mark mode (or HWM) takes into account previous Trading results of a subscription. With this mode, a Trading result generates a Performance fee only if the Trading results of all the previous intervals in total cover the total loss of the subscription, and if its profit goes over the highest profit ever reached (the High-Water Mark).

When it is reached, and the subscription profits, even more, the High-Water Mark is updated and set to a new, higher, level.
The performance fee is paid only for positive Trading results above the High-Water Mark level. Therefore, providers will get paid for their service only if their trades constantly make a profit for their followers.

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Russian Supplies

Most refineries globally are operating near capacity to meet rising demand as they recover from the pandemic and make up for lost Russian supplies.

JPMorgan analysts estimate that Russia has cut between 500,000 and 700,000 barrels per day of oil product exports, because it now finds marketing fuel more difficult than marketing crude oil.

"Unless new production capacity emerges in the Middle East more quickly than we expect, or if China decides to raise its export caps, the shortage of petroleum products will worsen as the demand for transportation fuels increases during the Northern Hemisphere summer," they said in a statement.

On Tuesday, China released the first batch of product export quotas aimed at reducing soaring domestic inventories, which rose as demand slumped due to epidemic shutdowns.

Despite recent additions to quotas, volumes are still significantly lower than they were last year.

Markets News :
EUR leads, JPY lags on the day
European equities lower; S&P 500 futures up 0.94%
US 10-year yields up 3.3 bps to 3.00%
Gold down 0.34% to $1,846.53
WTI crude up 0.76% to $120.72
Bitcoin down 6% to $30,234

Global Oil Supply

The World Bank on Tuesday cut its global growth forecast for 2022 by a third, warning that Russia's invasion of Ukraine has compounded the damage from the coronavirus pandemic and that many countries are now facing a recession.

Meanwhile, global supplies of crude oil and petroleum products remain tight, boosting diesel profit margins for Asian refiners to record levels, as Western sanctions hamper exports from Russia.

The CEO of global commodity trading company Trafigura said oil prices could soon reach $150 a barrel and rise this year, with demand likely to be destroyed by the end of the year.

US Oil Stocks

Analysts expected a further decline in US oil inventories, although gasoline and distillate stocks may rise, according to a Reuters poll. "The oil market is expected to remain tight, as the supply side will continue to tell the story of low inventories," said analyst Edward Moya.

He added that crude oil inventories are likely to record more clouds, with the intensification of the driving and holiday season in the United States. However, figures released by the American Petroleum Institute showed a rise in inventories of crude oil and petroleum products in the United States, last week.

The US Energy Information Administration will announce inventory levels last week, at 02:30 PM GMT today, Wednesday.

Oil prices rise Brent crude above $ 121

Oil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration raised its forecasts for oil demand this year.

The price of the Brent crude futures contract - for delivery next August - rose by 0.85%, to reach $ 121.81 a barrel, after closing yesterday, Tuesday, at its highest level since May 31. The price of future contracts for West Texas Intermediate crude - for delivery next July - rose by 0.76%, recording $ 120.72 a barrel, after reaching its highest settlement since March 8 in the previous session, according to data seen by the specialized energy platform.

Oil prices ended their trading yesterday, Tuesday, with a rise in volatile trading, as the market reduced risk sentiment against fears of supply shortages and the possibility of higher demand after China eased restrictions on the Corona virus.

The trade deficit in the United States narrows dramatically in April

The trade deficit in the United States shrank sharply in April as imports fell, implying that trade may contribute to economic growth this quarter for the first time in two years.

The Commerce Department said on Tuesday that the trade deficit dropped 19.1% to $87.1 billion. Imports of goods and services fell 3.4% to $339.7 billion, while exports increased 3.5% to $252.6 billion. A record trade deficit chopped 3.23 percentage points from gross domestic product in the first quarter, resulting in GDP contracting at a 1.5% annualized rate after growing at a robust 6.9% pace in the fourth quarter. Trade has subtracted from GDP for seven straight quarters.

Markets News :
USD leads, NZD lags on the day
European equities lower; S&P 500 futures up 0.31%
Gold up 0.24% to $1,843.13
WTI crude down 1.22% to $117.91
Bitcoin down 6% to $29,494

The US dollar strengthens early Tuesday ahead of trade

The US dollar rose against its major trading partners early Tuesday ahead of the release of data on the April international trade gap and weekly Redbook US retail sales, but the focus remains on Friday's May consumer price report.

The Federal Reserve is widely expected to raise the federal funds rate by 50 basis points at its next meeting on June 14-15, with recent comments from Fed officials supporting that expectation and pointing to another 50 basis point increase at the July 26-27 meeting.

Federal Reserve officials remain in quiet period this week ahead of the June meeting, so there are no appearances on the schedule.

Consumer price data is unlikely to have any impact on the next week's expected rate increase but could help determine the path of future increases if it shows that inflation has already begun to slow.

Other data this week include wholesale inventories for April on Wednesday, initial jobless claims on Thursday and the preliminary Michigan Consumer Sentiment index for June on Friday.


A quick summary of foreign exchange activity heading into Tuesday:

GBP-USD fell to 1.2517 from 1.2529 at the Monday US close and 1.2552 at the same point Monday morning. Prime Minister Boris Johnson won a confidence vote Monday but over 40% of the members of his own party wanted him ousted. The UK services PMI fell in May due to the fastest rise in costs since 1996, data released earlier Tuesday showed. The Bank of England meets next on June 16 where another increase in interest rates is expected.

EUR-USD fell to 1.0676 from 1.0696 at the Monday US close and 1.0727 at the same point Monday morning. German factory orders fell sharply in April while construction PMI hit a nine-month low in May, data released earlier Tuesday showed. Spanish industrial production, however, surged in April. EU employment and gross domestic product will be released Wednesday one day before the European Central Bank meets Thursday. The ECB is expected to pave the way for its first rate increase of the cycle at its July 22 meeting.

USD-JPY rose to 132.8199 from 131.8927 at the Monday US close and 130.6431 at the same point Monday morning. Japanese household spending fell in April as real wages declined, though the leading and coincident measures rose from March, data released earlier Tuesday showed. Japanese inflation data will be released Friday. The Bank of Japan meets on June 16-17 and is expected to maintain its ultra-low interest rate regime to boost growth further.

USD-CAD rose to 1.2589 from 1.2580 at the Monday US close and 1.2565 at the same point Monday morning. The monthly Canadian trade balance is scheduled to be released at 8:30 am ET, followed by the Canada IVEY index at 10:00 am ET. After a 50 basis point rate increase at its meeting last week, the Bank of Canada is expected to push rates even higher at future meetings to fight inflation. The next meeting is scheduled for July 13.

Gold reclaims $1,850 and hopes for a move towards $1,900 are renewed

Gold price continues making higher highs and higher lows. Gold price recently lost $1,850 and tested the next immediate support at $1,840. Despite the pull back, Gold price did not break the important low at $1,827. Gold price has formed a higher low. This setup is bullish and will confirm a new bullish signal if price breaks above recent highs. Gold price has support at recent low at $1,836 where we also find the upward sloping red support trend line. 

Resistance remains key at the 38% Fibonacci retracement where we have seen so far two tests and two rejections. As long as Gold price holds above the support trend line, then we should expect to see a break above the 38% level and a push towards $1,900-$1,910.

EURUSD Daily candle gives hopes to bulls


EURUSD is trading above 1.07 once again. Today's Daily candle is a glimpse of hope for bulls as price moved as low as 1.0652 but is now trading near its daily highs. EURUSD has formed a higher low relative to the 1.0627 low a few days earlier. Although price remains inside the medium-term bearish channel, here is potential for a move towards the upper boundary near 1.0920. As long as price is above 1.0627 we remain optimistic that bulls will challenge the upper channel boundary.

Red line -resistance trend line

GBPUSD is trading around 1.2595 still below the key downward sloping resistance trend line. As long as price is below this trend line, GBPUSD is vulnerable to more downside. So far price pulled back towards 1.2428 but on a daily basis we see today's candle as a possible reversal to the upside candle. 

Price has formed a higher low which is important in order to build a bullish setup. If bulls manage to break above the red resistance trend line at 1.2630, then we will get a new bullish signal that could eventually push price towards 1.2950. Support remains at today's low. Bulls do not want to see price below this level. Breaking below this level will increase chances of a rejection and a move to new lows.

Trading Signal for Gold (XAU/USD) on June 7-8, 2022: buy above $1,842

Gold (XAU/USD) is rebounding from the daily low at $1,833 and is now trading above the 21 SMA and below the 200 EMA on 1-hour charts. It is currently located at $1,845, making a slight correction after having found resistance at the 200 EMA around $1,850.According to the 1-hour chart, we can see the formation of a descending wedge. The breakout of this pattern could confirm the bullish movement of gold and it could reach the resistance zone of 6/8 Murray around $1,875 in the coming hours.

Gold benefited as US Treasury yields have fallen during the European session and are likely to continue their decline during the American session. Additionally, the US dollar index is also showing signs of weakness which favors gold.

Consolidation on the 4-hour chart and a daily close above $1,850 could mean acceleration of the bullish move, and the outlook for gold is positive as it could reach the zone of $1,865 and $1,875.Investors are concerned about the rate hike in the US because it reduces the demand for this safe-haven asset that does not generate interest or return.

As long as it remains trading below 6/8 Murray, any momentum in gold will be considered a technical correction. The bearish pressure exerted below this zone could send gold lower again.

In the medium term, a close above $1,875(6/8) could mean an advance in gold as it could reach the psychological level of $1,900 or even the zone of 7/8 Murray at 1,937.

In the short term, our signals remain positive due to the falling wedge pattern. This technical figure should be confirmed if gold consolidates above the 200 EMA. If this happens, we could buy gold with targets at $1,869 and $1,875.

The eagle indicator has reached the extreme oversold zone since June 6 which is an imminent sign of a technical correction in the next few hours, supporting our bullish strategy.

EUR/USD extends its range

The EUR/USD pair rebounded as the Dollar Index plunged after reaching strong resistance levels. In the short term, the currency pair continues to move sideways, and only escaping from the current range could bring new trading opportunities. 

Surprisingly or not, the EUR/USD pair bounced back despite the German Factory Orders dropped by 2.7% versus 0.4% growth expected, while the US Trade Balance came in better than expected at -87.1B versus -89.6B forecasts. Fundamentally, the ECB and the US inflation publication could really shake the markets at the end of the week.

EUR/USD rebound
Technically, the EUR/USD pair failed to reach 1.0641 key support and now it tries to come back higher. It is trapped between 1.0757 and 1.0641 levels. 
Personally, I'll wait for the rate to escape from this range before I'll take action. 

After dropping below the uptrend line, the EUR/USD pair was somehow expected to develop a strong downside movement but unfortunately, the rate failed to make a new lower low.

EUR/USD forecast
The EUR/USD pair could activate a larger drop if it makes a new lower low. A valid breakdown below 1.0641 brings new selling opportunities.

Tuesday, June 7, 2022

Deposit Bonus From MFM Securities

GET YOUR 35% + 25% DEPOSIT BONUS NOW!

MFM Securities proudly announce our new Deposit bonus Promotion as per below;

MFM now offers a two-tier bonus on your deposit, which is combined to give you a considerable $5,000 on top of your investment amount, giving you the ability to start trading with more capital.

1. Instant credit on your deposit
2. For MT4, Micro, Standard & Prime
3. Applied to deposits from just $15
4. Support Floating & Margin For MT5, Micro account only

Trading Analysis of USD/CAD From Paxforex

Our Analysis:
While the price is below 1.2700, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.2574
Take Profit 1: 1.2520
Take Profit 2: 1.2400

Alternative scenario:
If the level 1.2700 is broken-out, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2700
Take Profit 1: 1.2850
Take Profit 2: 1.2915

New Payment Method From MFM Securities

It is our priority in ensuring a flawless experience for all traders. Thus, in addition to the current payment method Cryptocurrency is available now.

DEPOSIT
Trade with MFM Securities and deposit using Crypto Currency with 3 simple steps:
1) Open your account.
2) Fill up your amount.
3) Scan QR Code using your crypto wallet.

WITHDRAWAL
Maximize your profit with MFM Securities and make your withdrawal using Crypto Currency with 3 simple steps:
1) Open your account.
2) Select Withdrawal Funds and state the amount.
3) Select crypto currency, type in your crypto address, click continue and your withdrawal will be credited into your crypto wallet.


For more details and assistance, please feel free to contact our dedicated team of 24/5 LIVE CHAT and Helpdesk.

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Analisa Teknikal Harian Dari MFM Securities

 AUD/USD intraday: penurunan mendominasi.
 
Titik pivot (level invalidasi): 0,7210
Preferensi Kami: Posisi short di bawah 0,7210 dengan target @ 0,7160 & 0,7140 dalam kisaran.
Skenario alternatif: Di atas 0,7210, maka target kenaikan berikutnya adalah 0,7230 & 0,7250.
Keterangan teknis: RSI mengalami bearish dan memerlukan further decline.


Analisa Teknikal Harian Dari MFM Securities

EUR/USD intraday: pantau 1,0650.
 
Titik pivot (level invalidasi): 1,0715
Preferensi Kami: Posisi short di bawah 1,0715 dengan target @ 1,0670 & 1,0650 dalam kisaran.
Skenario alternatif: Di atas 1,0715, maka target kenaikan berikutnya adalah 1,0730 & 1,0750.
Keterangan teknis: RSI menopang further downside.


Daily Technical Analysis From MFM Securities

The U.S. dollar remained firm to other major currencies. The dollar index advanced to 102.38.

USD/JPY climbed 98 pips to 131.86, the highest level since 2002. This morning, official data showed that household spending in Japan declined 1.7% on year in April (vs -1.0% expected), while labor cash earnings increased 1.7% (vs +1.1% expected).

AUD/USD declined 12 pips to 0.7195. Later today, Australia's central bank is expected to raise its key interest rate by 25 basis points to 0.60%.

GBP/USD gained 44 pips to 1.2532. U.K. Prime Minister Boris Johnson won a confidence vote by Conservative Members of Parliament. However, 148, or 41%, out of 211 Tory MPs voted against him.

EUR/USD fell 23 pips to 1.0696.

USD/CHF increased 88 pips to 0.9709, while USD/CAD slipped 15 pips to 1.2579.

After printing a positive weekly bar last week following a record losing streak of 9 weeks, Bitcoin bounced 5% further to levels above $31,300.


Daily Technical Analysis From MFM Securities

On Monday, U.S. stocks closed slightly higher despite rallying Treasury yields. The Dow Jones Industrial Average added 16.08 points (+0.05%) to 32,915, the S&P 500 gained 12.89 points (+0.31%) to 4,121, and the Nasdaq 100 was up 51.60 points (+0.41%) to 12,599.

The U.S. 10-year Treasury yield jumped 10.5 basis points to 3.038%.

The automobiles (+1.47%), retailing (+1.21%) and insurance (+1.13%) sectors gained the most, while the food & staples retailing (-0.43%), commercial & professional services (-0.33%) and real estate (-0.29%) sectors lagged behind.

Chinese ride-hailing giant DiDi Global (DIDI) soared 24.32% after the Wall Street Journal reported that China might conclude a cyber-security probe against the company as soon as this week.

Amazon.com (AMZN) rose 1.99% following a 20-for-1 stock split.

Enphase Energy (ENPH) jumped 5.41%, while First Solar (FSLR) fell 3.92%, after President Joe Biden took actions to boost the U.S. solar industry.

Meanwhile, Tesla (TSLA) rebounded 1.60%, Alphabet (GOOGL) gained 1.99%, Meta Platforms (FB) increased 1.82%, Marathon Petroleum (MPC) climbed 3.57%, and Etsy (ETSY) was up 3.52%,

European stocks closed higher. The DAX 40 rose 1.34%, the CAC 40 climbed 0.98%, and the FTSE 100 was up 1.00%.

U.S. WTI crude futures settled flat at $118.76 a barrel.

Gold retreated $9 to $1,842 an ounce.


TOP 10 PAMM Managers & CopyTrade Manager From MFM Securities

Here are this week TOP 10 PAMM Managers & CopyTrade Manager Performances Ranking!  
 

Below you'll find MFM Securities' top-performing PAMM Managers and CopyTrade Managers, based on their return, investors, minimum deposit, equity, and the number of days they have traded.








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Axi has teamed up with pro trader, algorithmic trade system developer and trading educator Binni Ong to deliver two exclusive trading webinars – join us and change the way you trade forever! 


Webinar 1: Learn how to spot big market moves June 9, 2022 19:00 GMT+8
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Open Account Today

Justforex News

Please note that we have added new Visa and Mastercard providers to bring you a smoother deposit and withdrawal process.

As usual, Justforex doesn't charge any fees for deposits using these methods.

The following limits are applied:

Minimum deposit amount: USD/EUR 5.00

Maximum deposit amount per transaction: USD 4,500.00

Processing currency - USD and EUR

Kindly note that you should verify your Back Office and bank card to use this method.

You can make a deposit to your trading account with a Visa/Mastercard bank card in your Personal Account. Go to the "Account Operations > Deposit > Deposit Method > Visa/Mastercard."

Check our new payment options in your Personal Account.

We wish you profitable trading!

Monday, June 6, 2022

Amazon.com (AMZN) News From MFM Securities

Please be informed that Amazon.com (AMZN) 20-for-1 stock split is set to take effect on Monday 6 June 2022.

All Pending Orders including buy limit, sell limit, buy stop, sell stop, buy stop limit, sell stop limit will be completely remove.

The Number of AMZN Shares you hold will be multiplied by 20 post-splits, and the price per contract of AMZN share will be divided by 20.

Therefore, we will perform the necessary adjustments to any open positions in the respective instruments. All the pending orders (Limit Orders, Stop Orders, Take Profits,) associated with instruments, we at 

MFM Securities will close them before the market opens on the date of the split.

Top Stocks to Watch this Week June 6, 2022 From Admiral Markets

Our weekly overview of the most active outperformers and underperformers in the stock markets covers Exxon Mobil, Tesla and more. Please note that past performance is not a reliable indicator of future results or future performance. 

TPTX +178.3% (Turning Point Therapeutics Inc.)
TPTX’s share price soared on the news that the company will be acquired by Bristol Myers Squibb Co. Bristol Myers plans to expand its oncology franchise by investing in TPTX, which produces experimental oncology treatments.  

AMD +11.5% (Advanced Micro Devices Inc.)
Micro-chip producer AMD has been in the news recently. It’s on a roll this quarter after a 19.1 percent rise in its share price in May on the back of strong earnings.

OXY +8.25% (Occidental Petroleum Corp)
A recent CNBC interview with Warren Buffett revealed that the billionaire investor bought around 10 billion USD in OXY shares based on the company’s earnings per share and revenue in Q1 and Q2. 

XOM +8.07% (Exxon Mobil Corp)
Global crude oil markets are charting a bullish course, supporting the big players like Exxon Mobil and other large-cap energy companies. 

Investing on uptrends
Market conditions remain volatile so risk management is smart. Yes, there are upturns in stock prices but volatility is likely to stay in play during the period of monetary tightening.

Start Investing Today

Justforex Weekly 6 - 6 - 2022

Investors' attention this week is focused on ECB and RBA meetings as well as US inflation data

The economic calendar for the upcoming week is not as dense as the previous one, but this week is more serious in terms of the number of important events. 

The main event will be the CPI data (inflation rate) in the United States and China. 

Analysts expect the US Consumer Price Index to remain at the same level as the PCE index two weeks ago, indicating signs of a slowdown in price growth. 

The focus of investors should also be on the ECB and RBA meetings. 

The European Central Bank is becoming hawkish, but analysts believe there will be no significant rate hike at the current meeting. 

The Reserve Bank of Australia is likely to continue raising interest rates.

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Fixed Rates From Superforex

SuperForex is thrilled to announce our newest limited springtime offer: a full month of reduced fixed rates on all deposits and withdrawals made in Indonesian Rupiah (IDR) using Visa or Mastercard credit and debit cards.

This means that during the promotional period, you will be able to replenish your account in local currency or withdraw your profit without spending any extra money on commissions or exchange rate fees.

The promotional fixed rates are as follows:

USD/IDR: 14575

This special offer is valid from June 1 until July 1. Now is your chance  to benefit from the best fixed rate policy for local currency accounts.

We currently support the following banks in Indonesia:
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