Hello Traders, welcome to the MyForexFunds weekly report, where we go over the our traders numbers for the week, company updates and upcoming economic news.
MFF Payouts and Payout numbers
We had a great week this week for our traders with the total number of payouts reach $2,096,889.96
We saw our top 5 earners taking home some handsome returns.
Funded Account 10008642 from their 200k USD account took home $42,711.73
Funded Account 10021627 from their 200k USD account took home $28,211.40
10021175 from their 200k USD account took home $26,952.69
10020693 from their 100k USD account took home $23,623.59
And finally funded account 10020632 from their 200k USD account took home $22,782.20
Congratulations to those live funded traders, keep up the good work. If you are one of these traders and would like to do an interview with us please get in touch with our support team so we can organize it. We would love to hear your story.
This week was an exciting week for our company in terms of trading data.
Over the course of the week our traders traded $85,066,486,009 across the 5 trading days of the week.
The best performing instrument for our traders was XAUUSD.
Our top three traded instruments were US30, XAUUSD, NAS100
This week we had a small outage on our Dashboard system. This was due to a system error on one of our data funnels and was resolved promptly. Thank you to the traders who let us know about the issue. We truly appreciate it
Economic news coming this week.
This week has quite a number of big market moving news events that we should keep our eyes on.
Starting with CPI Flash Estimate (YoY) for Euro on May 31st at 5:00 AM EST . It has a forecast of 7.7% which is more than Actual figure of 7.5% last month
Followed by GDP (MoM) for Cad on May 31st at 8:30 A.M EST. It has a forecast of 0.5% which is less than the actual figure of 1.1% last month
And then Conference Board (CB) Consumer Confidence for USD on May 31st at 10:00 A.M EST. It has a forecast of 103.9 which is less than the actual figure of 107.3 last month}
Moving on to Wednesday we have ISM Manufacturing PMI for USD on June 1st at 10:00 AM EST. It has a forecast of 54.5 compared to the actual figure of 55.4 the previous month}
At the same time, we have one of the biggest market moving news events for CAD which is the BoC Interest Rate Decision on June 1st at 10:00 A.M EST. It has a forecast of a rate hike to 1.50% compared to previous 1% together with JOLT Job Openings for USD at 10:00 AM EST with a forecast of 11.40M compared to previous 11.55M.
Moving on to Thursday we have ADP Non-Farm Employment Change for USD on June 2nd at 8:15 A.M EST. It has a forecast of 295K which is higher in comparison to the actual figure of 247K last month
Followed by Unemployment claims for USD on June 2nd at 8:30 A.M EST with an equal expected reading to previous figure of 210K
Last day of the week on Friday, we have one of the biggest market moving news for USD Non-Farm Payrolls on June 3rd at 8:30 A.M EST. It is forecasted to be 325K which is quite lower than the actual previous figure of 428K Along with Unemployment rate for USD at the same time. Unemployment forecast is also 0.1% less than the previous actual figure of 3.6%
We wish you all the best in your trading this week. Be careful around news and continue your journey as a fully funded FOREX trader.