👀 MyForexFunds move one step closer to comeback

Hi guys, it’s Kieran. Another week is upon us and the markets are open, so lets get into it.

📢 Prop Firm Industry News

Last week, MyForexFunds announced that they are making progress on their comeback. The Ontario Superior Court approved the Canadian Asset Handover Order allowing MFF to begin the process of regaining full control over their assets, data, and systems.

They say that “The phase of reassembling the MyForexFunds team can now begin. With the right people back in place, a comprehensive analysis and operational review will follow, bringing us one step closer to the next chapter for MyForexFunds and our global trading community.”

I, as well as many others, are looking forward to MFF’s return. Who knows what that will even look like, but its going to be fascinating seeing how it plays out. Bring on 2026.

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🕜 Red Folder News

Here are this week’s red folder news events. A huge number of events to navigate next week. Non-Farm payrolls (Tue), CPI Inflation (Thurs), PMIs & Retail Sales (Tues), as well as the ECB and a very important BOJ meeting to end the week of Friday.

A busy week on thin liquidity, what could go wrong.

📈 The Macro View

Fear Subsiding

An up and down week for the S&P500. Not much of a change in market sentiment. US session on Friday was very negative, particularly for tech stocks, with the Nasdaq down -2.5%. Futures green again this morning. Choppy conditions.

Seasonality very strong

The last 2 weeks of the year typically see a big move up. Gonna be a tough week to navigate with such a high amount of data, but if you can catch the low, you might be able to put your feet up for the next few weeks.

Bitcoin still struggling

One of the best Risk-On indicators is simply tracking the Nasdaq100 and BTC. When both are trending up at the same time, you wanna be long, as buyers buy these assets at any price. Since November, BTC has been in correction mode, so it’s not been a surprise to see the Nasdaq just chopping sideways.

Nvidia Head & Shoulders

One for the classical technical analysts. Nvidia is printing a textbook head & shoulders pattern. Nvidia is the AI trade, and it’s a (very) long way down from here. If it breaks lower, expect the whole market to follow.

OK guys that it from me, have a great week!

Kieran

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