👀 MyFundedFX is no-more

Hi guys, it’s Kieran! Another week is upon us, so it’s time to lock-in, get up to date, and get prepared for the week ahead.

📢 Prop Firm Industry News

MyFundedFX has rebranded as Seacrest Funded. It appears that they are now part of south African licenced FX broker, Seacrest Markets. It is reported that the ownership is still the same, but they have now aligned their branding with Seacrest, and are marketing themselves as a broker-backed firm. They have said all current traders will be unaffected, although there has recently been a wave of payout denials and risk restrictions reported on social media about the firm, so I would be cautious trading with them for the time-being.

Full details from Finance Magnates 👇️ 

From Payout Junction, here are the firms who have paid out the most over the last 7 days 🏆️.

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🕜 Economic calendar

Here are this week’s red folder news events. A packed calendar this week with lots of events from around the world. As ever, if you are trading with firms with news rules be sure to keep a very close eye on the calendar,

Also these new ‘President Trump Speaks’ events which appear as tentative every day is a new minefield for traders, as there are no set time for these events, and some firms do restrict it which is crazy! but unsurprising.

📈 The Macro View

All time highs but fearful sentiment

Another green week for the S&P 500, with futures touching all time highs this morning, however market sentiment is still in ‘Fear’ territory. In short, many participants are sceptical about this rally, meaning it is not crowded. Contrarian long plays can be looked at here.

Seasonality not supportive these next two weeks.

As per Goldman Sach’s "the next two weeks can get a bit dicey as the 2H of Feb is historically the third worst performing 2-week period of the year for S&P500 (just 2H June and 2H Sept are worse)". Something to factor in if you are looking at longs.

DAX going parabolic

Long European equities has been the trade of the year so far, out-performing the US indices significantly. The DAX is getting very extended here though, so keep an eye on this market as volatility can arrive fast, and major geopolitics are in-play in Europe currently.

Largest inflows into Europe in over 2 years.

This European out-performance has not gone un-noticed, as flows into European equity funds have just spiked higher. Highest inflows since early 2023. Could be a new theme emerging here, so something that’ll be tracking closely.

Gold getting very extended

Another market that is going parabolic is Gold. Lots of reasons to hold it of course, but technical analysts will note that we are about to hit the top of the trend channel, and we have not touched a moving average since early Jan. Everyone is long gold here (and for good reason) but manage your risk closely as this trade is crowded and over extended, so tread carefully!

OK guys that’s it for this week. Stay safe out there and see ya next week!

Kieran

This year I am trading prop firms full-time. If you would like to follow my personal trading journey, you can do so on X here > https://x.com/kierangohil_.

🔥 Monitor prop firm payouts LIVE on Payout Junction -https://payoutjunction.com.