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  1. MAYZUS INTRODUCES FLOATING LEVERAGE ON DEMO ACCOUNTS MAYZUS Investment Company is delighted to announce that a new risk management application- Floating Leverage- will be implemented on our Demo accounts from Monday, 27th of May. Floating leverage automatically adjusts the leverage size to the number of open positions. This risk management tool is a great solution for our clients to minimize the risks associated with the magnitude of leverage. We strongly recommend clients to test the Floating Leverage application on any MT4 Demo account as it will be implemented on live accounts as well, in the near future. More information about it coming soon! To learn more about MAYZUS Floating Leverage, please click here. For any questions or suggestions please contact as via LIVE CHAT or send an email to [email protected].
  2. 23 MAY 2013: BERNANKE TAKES USD TO NEW HIGHS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The head of the federal Reserve, FED, Ben Bernanke’s statement to Congress caused markets to fluctuate wildly yesterday. Bernanke’s comments initially had a positive impact on the stock markets when he stated that it would have unpredictable consequences for the US economy if FED’s bond buying program was terminated in the near future. The bond buying program has boosted the US and global stock markets, but has so far failed to create new employment. FED had earlier stated that the bond buying of USD 800 billion collar will end when the unemployment has reached 6,5 %. It now stands at 7,6 %. This statement was initially seen by markets as a continuation of the bond buying that has boosted global equity markets. At the same time Bernanke indicated that the termination of the bond buying might be on the immediate cards.. These comments were supported by the minutes from the April/May FED board meeting opening for a termination of the bond buying within the near future. This resulted in a steep fall in US stock indexes. Dow Jones fell from 16 464 down to 15 307 with equal immediate drops in S&P and Nasdaq. The USD jumped to 103,73 Yen a Dollar. The DXY, a basket of currencies against USD, raised to a record high of 84,27, Euro/USD jumped to 1.2854 as Swiss Franc weakened both towards Dollar and Euro. The Australian dollar trades at its lowest level in a year. Precious metals have fluctuated wildly through the New York session with gold trading between USD 1369 and 1416. Silver reached USD 23,20 to fall back to 22,27. Oil prices remain steady. Bernanke’s statement boosted global stock markets. Dow Jones immediately increased to a record high of 15 464 with equal jumps in European equities. Copyright: MAYZUS Investment Company Ltd
  3. WEEKLY WINNERS OF THE MAYZUS FOREX DEMO CHAMPIONSHIP FOR THE WEEK 13 - 17 MAY 2013 MAYZUS Investment Company is pleased to announce weekly winners of the Forex Demo Championship for the week 13 - 17 May 2013 1st Place – Prize $1000 goes to: baffet, acc. 456891 2nd Place – Prize $800 goes to: Nemoto, acc. 448356 3rd Place – Prize $500 goes to: Tanveer, acc. 426938 Most Active Trader Award – $100 goes to: machomalo, acc. 438565 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship.
  4. 22 MAY 2013: BERNANKE HOLDS THE KEY TO THE STRENGTH OF THE USD DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Global markets traded steadily yesterday building up to the publishing of the Federal Reserve’s minutes from the last BOD meeting in April/May, and Ben Bernanke’s statement to Congress later today. After a small correction on Tuesday, the USD continues to strengthen and is up close to record high against a basket of currencies, DXY. As proven over the last few weeks, the overall trend in the USD is pointing up towards all currency pairs in spite of a day or two of declines. This trend is supported by three main factors; the forecast for the US is better than for any other economy, Europe is ridden with recession and Japan is concentrating its efforts on increasing the inflation to the 2 % target. The upswing in the US economy is mainly due to its monetary easing and FED's loose monetary policies. FED representatives have, over the last few days, indicated that the bond buying program will soon come to an end. If Bernanke “sneezes” today and states the same as his local FED representatives have done, it would mean a further strengthening of the USD. A weaker Euro and Yen over the last few hours seem to indicate that this is what markets expect. After the Japanese Economy minister talked the Yen up earlier in the week, he seems to have been reprimanded by superiors, and the Yen continues its free fall. The International Monetary Fund, IMF, in a report today, urged Swiss authorities to weaken the Franc by unwinding its currency reserve funds. The Franc has already depreciated 3,7 % towards the Euro in 2013. Precious metals continue to fluctuate, wildly searching for direction. The large increases in gold and silver throughout Asia and early European trade was quickly eaten by new steep falls. Oil prices keep steady. Smaller than expected English inflation strengthened GBP and gave the markets hopes for loser monetary policies, meaning more money printed by the Bank of England. Copyright: MAYZUS Investment Company Ltd
  5. 21 MAY 2013: GOLD REBOUNDS AS USD WEAKENS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Gold and Silver rebounded strongly yesterday after the onslaught at the end of last week, and in Asia on Monday morning. Both the precious metals fell nearly 5 %. Gold trades at USD 1387 an ounce in Asia, 35 dollars up from the lows 24 hours ago. Silver trades at USD 22,70 rebounding from a low of 21.00 and reached USD 23, at the start of the Asian trading session. The cautious comments from representatives from the US Federal Reserve (FED) regarding the bond-buying stimulus, have weakened the USD. In a statement on Monday, the President of the Federal Reserve in Chicago followed up last week’s comments from another regional FED president, that the bond-buying program might end abruptly in the autumn if, by then, the FED was sure that the labour market was on solid footing. Earlier, the FED put a 6,5 % unemployment statistic as the critical mark. The last published data showed a 7,6 % unemployment statistic. The aggressive monetary easing policies now also followed by Japan, has given global stock markets a strong boost. US-stocks ended flat on Monday with indexes hovering near record levels. Concerns about a stop in bond-buying and a correction are influencing markets. Energy stocks and primarily solar companies soared. Dow Jones saw an intraday high at 15 391. S&P reached 1 672. Both indexes are up 17 % since January 1st. Investors are split between nervousness for a strong correction due to the sharpness and length of the rally, and those who are afraid to miss a continued rally. European shares set a new five-year high for the fourth straight session on Monday, after positive indicators from The United States and Japan pointed to an improving global economic outlook. European blue chip stocks (Financial Times Eurofirst 300 index) was up one percent, which is the highest level seen since mid 2008. The positive US consumer sentiment data from Friday, the highest level seen in almost six years, is seen as especially encouraging. EasyJet and Ryan Air were among the biggest gainers. The Japanese Yen tumbled yesterday after comments from its Minister of Economy, warning that the currency might have weakened enough. USD/JPY fell to 102 after Friday’s high on 103,22, but has rebounded to 102,22. Oil prices are keeping steady. Brent crude trades at USD 104,83 a barrel. FED Chairman Ben Bernanke’s statement to Congress on Wednesday will be crucial for the further development in currencies and global equity markets. Copyright: MAYZUS Investment Company Ltd
  6. 20 MAY 2013: PRECIOUS METALS TUMBLE IN ASIA DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Gold and Silver tumbled in early Asian trade. Silver dropped to the lowest level seen in years falling 4,31 % since Friday, Gold is trading at 1344 down 50 dollar an ounce since Friday. Precious metals have been under continuous pressure over the last few months. Gold fell 5,5 % during last week and the free fall accelerated this morning. Silver was, however, hit the hardest. Silver is trading at USD 21.35 an ounce, down one-and-a-half dollars since its high on Friday. There is confusion in the precious metals markets. Gold bulls are claiming that some big bank and financial institutions are deliberately manipulating gold prices down, to buy back at lower levels when central banks aggressive money printing are going to hit the market with inflationary pressure. In such a situation, investors will again start buying gold and silver as a hedge and traditional safe haven. The main reason for the fall in prices seem, however, to be that financial investors are liquidating,or strongly scaling down on their precious metals positions and turned into equities. The latest numbers from the US Securities and Exchange Commission demonstrate this development on the US SPDR GLD exchange. This statistics also shows that John Paulson,the billionaire hedge fund manager and the largest owner of shares in the GLD fund, maintains his positions. Institutional selling of precious metals have been counter weighted by strong Asian buying of jewellery and coins, which have provided support for gold amid consistent selling by institutional investors. Precious metals in kind are selling USD 10 higher than “paper” gold. It is, however, a question of how long the physical buying of gold can last. Chinese demand rose 20 % in the first quarter boosted by an increase of 19 in jewellery and 22 percent in bar and coins. Indian demand increased similarly. Barclays Banks forecast is that gold shall average USD 1350 in the second quarter of 2013. Credit Suisse predicts a fall in gold prices to USD 1100 in a year’s time. The USD clawed back and closed last week on its strongest level in three years against other currencies. Euro/USD trades at 1,2843 and USD/JPY 102,64. Australian and New Zealand dollars suffered heavier losses against the USD than their counterparts. The Australian dollar hit its lowest level in a year on Friday. Euro and GBP are also under strong downward pressure. Oil prices are steady with Brent trading at USD 104,50 a barrel. Copyright: MAYZUS Investment Company Ltd
  7. BRIEDIS HEADS OFF TO A FAMOUS TURNER’S BOXING CAMP MAYZUS boxing star, Latvian Mairis Briedis has begun his preparation for his first title fight that will take place at the end of this year. Currently Briedis is getting ready for his boxing camp in Araphole woods, North Carolina, USA. Briedis will stay at the camp for just under one month, where he will be working together with Don Turner, who is considered the best heavyweight boxing coach in America. After three and a half weeks of training, Mairis will debut in the American boxing market with his first pro fight overseas. Don Turner's boxing camp called "Knock You Out” was opened in 1994 and since then it has welcomed only selected boxers. Fifty boxers in whom Turner saw the ability to achieve something special in their boxing careers attended his camp. In fact, Turner has trained more than 20 World Champions and an uncountable number of contenders since he finished with his own boxing career and started training the next generation. He was Evander Holyfield’s trainer when he took the heavyweight title. Don Turner was the man in Holyfield’s corner during the famous Holyfield-Tyson fights. MAYZUS: Mairis, What have you been doing since your last fight in Bulgaria? Mairis Briedis: I have been focusing mostly on the mistakes that I made during my three fights this year. I also had a slight knee injury that I didn't have time to take care of, but recently I was able to go through a procedure to make it work perfectly again. MAYZUS: How did the Turner's camp come up? Mairis Briedis: My promoter (who's American), has been good friends with Tuner for decades and they've even worked together with boxers as coach/promoter before, so he offered to organise this trip to Turner's camp. The camp is a place where very few professional boxers have had the chance to train at, and thanks to my sponsors "Mayzus Investment Company", I was able to become one of those boxers. I know that Don Turner has been the coach to boxers such as Holyfield, Sugar Ray, and Larry Holmes, who are collectively the elite in the Boxing world, so making the decision to go to the camp and fight in USA after I have completed my training, was easy for me. MAYZUS: What's your itinerary in the States? Mairis Briedis: I will train with Turner at the camp in Arapahoe for three and a half weeks starting from May 20, and then I will have my first fight in the USA on 14th of June. I still don't know who my opponent is going to be, but my promoter is currently arranging it, so there will be an update on that shortly. MAYZUS: What are your personal goals in the USA tour? Briedis: I know that I still have a lot of work to do on my techniques. I know that coach Turner will help me to correct the mistakes that I made during my previous fights, and he will also significantly improve my boxing skills. If one wants to be a Champion he has to keep learning for his entire career and I plan to do just that! My boxing coach Vasilijs Chernigovs will be attending with me, so this will be a great opportunity for him to learn from Turner, and continue to implement his coaching secrets with me in Riga. MAYZUS Investment Company made this possible, and I would like to thank them eternally for this. Mairis will head to the camp on the 19th of May and stay there until his first fight in the continent on June 14. Mairis opponent is yet to be decided, but that information will be disclosed within the next couple of days. Follow up on Mairis Briedis boxing experience overseas on our website! More details are coming soon.
  8. 17 MAY 2013: USD STRENGTHENED BY FED STATEMENT DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The dollar strengthened Friday morning and held firm against a basket of currencies, DXY, after a Federal Reserve (FED) official had indicated that FED may begin to taper its bond buying known as monetary easing already this summer. In a statement on Thursday the President of FED, in San Francisco, indicated that the Central Bank might ease back on the monetary gas pedal and end bond buying by the end of the year. His indications immediately led to a rise in the dollar with DXY up 0,4 % and nervousness in equity markets. Analysts see a stronger dollar being prominent over the next months’ currency developments. The Euro/USD fell to 1.2860 and depreciation of the Japanese Yen continued. USD/JPY trades at 102,31. The dollar is likely to gain, particularly against low-yielding currencies such as Euro, Yen, GBP and Swiss Franc. In spite of conflicting macroeconomic signals from the US over the last few days, consensus among analysts seems to be that the US economy is holding up much better than that of the rest of the world. A strong US recovery strengthens the dollar lower yield currencies and gold. There are, however, mixed signals. Numbers presented on Wednesday showed the US industrial production at its lowest level in 10 months. Data on Americans filing new jobless claims climbed last week at its fastest pace in six months, up 32,000 to a seasonal adjusted 360,000. The highest jump since November. The increased jobless claims came amidst signs of slower last quarter US-growth, due to the Federal government’s austerity drive with a hike in taxes in January and sweeping budget cuts in March. The number of jobless claims stand in stark contradiction to last month’s 165 000 newly added jobs, and the drop in the unemployment rate to a four year low at 7,5 %. Stock markets were nervous yesterday. Wal-Mart, the world wide hypermarket store, presented quarterly earnings below Wall Street expectations. Stock prices fell 2 %. Good quarterly results from the technology sector and especially CISCO counterbalanced. The Asian Pacific MSCI-index fell 0,3 %. Gold at USD 1379 is striving to keep above the four-week low on 1369 reached on Thursday. A Credit Suisse forecast predicts a 20 % fall in the price of gold during the next twelve months. Oil prices are steady with Bren trading at USD 103,64 a barrel. Copyright: MAYZUS Investment Company Ltd
  9. MAYZUS VICE PRESIDENT MAKES SPEECH AT THE ANNUAL BERGMANN CONFERENCE IN NORWAY The Vice President of Mayzus Investment Company, Arne Treholt, was a special guest at the prestigious, annual Bergmann Conference at Trondheim in the second biggest city in Norway, on April 30th. Mr.Treholt was invited to make the main intervention at the conference which concentrated on “The future of Norwegian industry in a changing world”. Mr.Treholt also spoke about the Cyprus economic crisis and its impact on Western Europe. The conference was attended by 250 business leaders from mid-Norway, including members of the industrial committee in the Norwegian parliament, lord mayors, and the regional elected Governor.
  10. 16 MAY 2013: DISAPPOINTING DATA STOPS RAISE OF USD DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Data on the US industrial production fell more than expected in April. The industrial data shows that in spite of a string of good news pointing towards a recovery in the US economy, the overall picture is not uniformly strong. The industrial data, the weakest in ten months, immediately had a negative effect on the dollar index, DXY, which dropped 0,1%. The dollar is nevertheless extremely strong. Euro/USD trades at 1.2867 near a 6 week low. USD/JPY is steady at 1.0224. The disappointing industrial production added to the buzzing debate on when the Federal Reserve (FED) will eventually start winding down its asset purchasing program tantamount to printing money. Positive news, as increased employment and retail sales have pointed towards an end to quantitative easing within the year. However, the industrial data fuels arguments for continued easing. Citing this, FED chairman Ben Bernanke’s speech over the coming weekend will certainly be watched intently. The industrial data represented a limited setback for the dollar which, this month alone, has gained 3,8% against “safe haven” currencies such as the Swiss Franc and the Yen. The Australian dollar has lost 4,5%. Since the beginning of the year the USD has jumped 17,8 percent towards the Yen. Most analysts believe that the dollar shall continue to be strong, with the yen subsequently weakening. Some forecasts indicate USD/JPY at 124 at the year’s end. The Euro/USD fell as deep as 1.2642 on Wednesday following presentation of the French GDP numbers, clearly indicating that France has slipped into recession. The rate of Germany’s robust economic growth is not sufficient to prevent the euro zone from contracting for the sixth quarter in a row. If the ECB follows up indications to lower its interest below zero (if the economy slows further), then the euro will probably suffer a broad sell-off. With the Cyprus crisis still fresh in mind, investors will, most likely, park their deposits outside of Europe. Japan’s GDP rose 0,9% in the first quarter of 2013, expanding at its quickest pace in a year. Increased private consumption, and a steady rise in exports are seen as the first results of Prime Minister Shinzo Abe’s aggressive stimulus policies. The economy is also picking up in India where forecasts point to an increase in GDP on 5,5 – 6%. Copyright: MAYZUS Investment Company Ltd
  11. WEEKLY WINNERS OF THE MAYZUS FOREX DEMO CHAMPIONSHIP FOR THE WEEK 6 - 10 MAY 2013 MAYZUS Investment Company is pleased to announce weekly winners of the Forex Demo Championship for the week 6 - 10 May 2013 1st Place – Prize $1000 goes to: Faruh, acc. 456513 2nd Place – Prize $800 goes to: babot, acc. 456550 3rd Place – Prize $500 goes to: chengdeng, acc. 455554 Most Active Trader Award – $100 goes to: fxtrader, acc. 444980 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship.
  12. 15 MAY 2013: BANKS LIFT WALL STREET TO NEW RECORD HIGHS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Headed by Bank of America and Citigroup Wall Street was lifted to new record highs yesterday as the stock market rally continues for the ten consecutive days. Investors picked large-cap companies’ shares on the expectation that central bank stimulus will help the rally further. S&P index has so far in 2013 gained almost 16% in a rally driven by The Federal Reserve’s (FED) monetary easing. All Western banks are easing aggressively and money looking for yield ends up in the stock market. In spite of some nervousness that the bond-purchase program may be reined in, investors are for now betting that central banks will be careful not to remove its support to soon to disrupt the economic recovery. Dow Jones was lifted 0,82% to a new record high of 15 215. Nasdaq, the technology stock index, reached a one year high of 2 462. Western European markets were also strong. In Tokyo stocks surged to a 5-and-half-year high as the Yen continues to fall against other currencies. USD/Yen trades at 102,15. The positive sentiment in the US propels the dollar which gained new 50 points against the Euro. Euro/USD trades at 1.2932. British sterling, GBP, is also losing ground. USD/GDP is down from last week’s high 1.5575 to 1.5227. The dollar index, DXY, is steady after reaching an overnight high of 83,687. Commodity prices, listed in USD, are decreasing steadily. Gold trade at 1425 in Asia recovering 10 dollar from yesterday’s new onslaught. Oil prices are also under pressure. The fracking technology has made the US sufficient on energy with the biggest crude storages seen in 50 years. This put a strong downward pressure on oil. Two major US banks have downgraded Chinese GDP growth to 7,6% for 2013 and 2014 stating that the time for double digit growth in China has gone. Their original forecast was 8%. The Chinese government has put 7,5% as its target. In a separate development the Chinese Premier, Li Keqiang, said that China has limited room to use government spending and policy stimulus to boost its economy. The statement dashed hopes among some investors that Beijing may take steps to foster growth. Copyright: MAYZUS Investment Company Ltd
  13. 14 MAY 2013: US RETAILS BOOST GLOBAL MARKETS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The dollar took a breather this morning after reaching near a five week-high against a basket of major currencies, DXY, on Tuesday. The greenback was boosted by surprisingly strong US retail sales in April which saw a rise in in households buying of cars, building materials and a range of other goods. The data pointed to the underlying strength in the US economy and led to increased optimism about a recovery in the world’s largest economy. After rallying on Friday and Monday the USD took a pause and retracted 0.3% against the currency basket. Euro/USD trades at 1.3010 and USD/JPY stands at 1.0156. The slightly weaker dollar helped stabilizing commodity prices with gold gaining one percent to USD 1445 recouping losses from previous sessions. The stronger dollar is based on a recovery scenario for the US economy. A sluggish growth in emerging countries have kept commodity prices low. The prospects for a firmer US recovery are likely to have a positive effect on the demand for commodities. There are also small signs of stability inside the struggling Euro zone. During yesterday’s bond auction Italian bonds fell to its lowest level since January. Investors backstopped by guarantees from the European Central Bank (ECB) and brushed off concerns about Italy’s political and economic troubles, pointing towards a normalization in financial markets. After a two-day losing streak, Asian stocks again rose this morning. The Asian-Pacific MSCI-index is up 0,3% with Australian and South Korean stocks also climbing. The Japanese Nikkei continues to rise 0,2%. Australian stocks were helped by a weaker Aussie. Oil prices are slightly up from yesterday. US crude futures, NYMEX, trade at USD 95,41 a barrel. Brent crude is up 0,1% to 102,90. Wall Street ended flat yesterday after recent highs. Copyright: MAYZUS Investment Company Ltd
  14. 13 MAY 2013: FED WARNS AGAINST EXCESSIVE SPECULATION DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments A stronger dollar weighed in on commodities across the board during Friday and Monday morning trades. USD has continued to strengthen towards the Japanese yen. After the break through of the critical 100 hurdle USD is trading at 101,90 yen a dollar. The weak yen is giving Japanese equities a strong boost while other Asian stocks are trading lower. Both oil and gold prices fluctuated wildly during Friday’s trade. Euro/USD trades at 1,2973. Brent crude was down to USD 101 a barrel on Friday, but has recovered to 103.10. Gold which dipped to USD 1415, trades at 1431. The drop in commodities prices weighed on the Australian dollar which eased to an 11 month low of 0,991. The G-7 finance ministers meeting on Friday cemented the firmness of the dollar when Japan avoided criticism for its bold reflationary policies. “Abenomics” has led to a steady decline in the Japanese yen which improves exporters earning prospects and underpins the export-reliant Japanese economy. Japan as for years been urged to revive its economy. When Japan takes action few countries are in a position to complain. Other federal banks as the US Federal Reserve (FED) and Bank of England have as other central banks printed money as the Bank of Japan is doing now. The steep 25% depreciation of the yen since last November is nevertheless creating nervousness about to the health of financial markets and the global economy. Retail data from US and China to be presented later this week, are therefore going to be studies cautiously. FED Chairman Ben Bernanke raised these concerns during a speech in Chicago late Friday. Bernanke warned against excessive risk-taking in financial markets in a hunt for profit. Bernanke saw the strong drive in the dollar as the latest manifestation of a desperate global hunt for yield. Bernanke expressed worry that banks due to low interest rates and fall in bond prices, are resorting to excessive speculation, highlighting the danger that easy monetary policy could create a new asset bubble with stock prices running ahead of market fundamentals. Copyright: MAYZUS Investment Company Ltd
  15. 10 MAY 2013: YEN BREAKS THROUGH 100 DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments After flirting with the 100 yen to a dollar mark for weeks USD finally smashed through this psychological important hurdle indicating further weakness in the Japanese yen. USD/JPY traded as low as 101.20 early Friday, down two percent from Thursday’s 98,75, the lowest level seen in four and a half years. The record low represents a victory for Prime Minister Shinzo Abe’s “Abenomics” and his deliberate efforts to weaken the yen and strengthen economic growth through monetary easing. In an effort to counter the weaker yen and boost its own competitiveness both Australia and South Korea have during this week cut their interest rates, sparking what seems as a currency war among Asian trading partners. Both countries cited their strong currencies as one of the reasons for their 0,5% cuts. A South Korean finance ministry official said Friday that Seoul was worried about the pace of the yen’s decline. The yen has depreciated 25% since the decline started in October/November. Japan economy minister Akira Amari reiterated as Japan did during the recent G-20 meeting, that Tokyo has no intention to manipulate currency levels. Analysts expect a further fall in yen as dollar/yen finally have gotten over the psychological hurdle of 100. A continued downward pressure on the currency was underscored by data published on Friday showing that Japanese investors finally have reversed their relentless selling of foreign bonds. Japanese investors have over the last 12 weeks been net sellers of foreign bonds. The Nikkei index soared to a four and half year high, up 6,5% only this week. The US dollar was buoyed by new strong jobless claims. The last weekly report published yesterday confirm the stronger than expected monthly nonfarm payrolls for April when jobless claims fell to its lowest level in five years. Signs of a steady US recovery has already could fuel speculation that the Federal Reserve (FED) might scale back its aggressive quantitative easing. After reaching 99,95 in early April the USD has stalled one month against the yen. EURO/JPY simultaneously rose to 131,91, its highest since January 2010. There is no major changes in oil prices, copper and other commodities. Gold fell back from its high on USD 1474 and has recovered to 1462 in early Asian trading. Copyright: MAYZUS Investment Company Ltd
  16. 09 MAY 2013: STOCKS RALLY AS MAJOR CURRENCIES LOSE DIRECTION DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Global equity markets continue to rally as major currencies have lost a clear direction. Encouraging global data and Wall Street’s extended record rally, took Asian shares to a new two-year peak Thursday morning. Australia presented strong unemployment numbers. While 50 100 new jobs were added in April, the South Korean central bank made a surprise 0,5% interest cut lowering the interest rate to 2,5%. These steps further cemented the positive mood in global markets. Lower interest rates and central banks increased money printing have created spare liquidity which moves into stocks. The Japanese monetary easing brought the Nikkei index within striking distance of a five-years highs outperforming its global peers. Stocks remain the favored asset class among investors as monetary easing depresses return on bonds. Unclear prospects regarding the world economic growth weigh negatively on commodity prices. Commodities trade without any clear direction with precious metals temporarily falling out of favor with investors. In contrast to the clear uptrend in global equities major currencies have lost direction. This is the case with Japanese yen, JPY, which depreciated continuously since November last year and depreciated and lost 20 – 25% against most currencies. The last weeks USD/JPY has traded in the interval between 97 – 99 yen a dollar unable to make a major breakthrough and jump above the psychological 100 level. Investors which made huge profits betting on big cash currency positions earlier this year go into equities which regardless of economic fundamental outlooks are strongly buoyed by monetary easing. As long as central banks keep their accommodative stance the uptrend in stocks would continue. Stocks were also helped by the upbeat US unemployment figures last Friday, Chinese trading data and more promising prospects for the German industry. In spite of the economic outlook for the Euro zone continues to be dismal, the Euro remains resilient. Euro/USD trades at 1.3160. The economic problems in Europe are indeed serious, but traders have recently burnt their fingers on going short on Euro and stay away. The Euro seems to have discounted eventual bad news, and the balance of payment and real interest rates are no lower than anywhere else. There is no clear conviction among traders as to the timing of Euro weakness. In this financial climate oil prices are keeping up steady. Brent is hovering around USD 104 a barrel. Gold price which fell to USD 1449 on Tuesday, has picked up and trades at 1474. Copyright: MAYZUS Investment Company Ltd
  17. MAYZUS OFFERS MULTI ACCOUNT MANAGEMENT (MAM) We are delighted to inform you that as of today (8th May 2013) our new Multi Account Management Software (MAM) is now available for Fund Managers who manage trading operations of multiple MT4 accounts. You will now be able to manage all of your MT4 accounts from a simple and single account, saving you time and effort by enabling you to trade multiple accounts simultaneously! At MAYZUS, we are always striving to achieve 100% client satisfaction, and with the launch of MAM software, we’re confident that this will heighten your experience with us exponentially! To find out more information about MAYZUS MAM, please click here.
  18. 08 MAY 2013: ASIAN SHARES RISE ON CHINESE TRADE DATA DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The positive sentiment in global equity markets received a new boost on better than expected Chinese trade data. Asian shares rose to their highest level in two years after China reported a 14,7% export increase in April. Imports were up 16.8% with a trade surplus of USD 18,16 Billion for the month. The Chinese data comes on top of new Wall Street highs with Dow Jones closing above 15 000. In Germany industrial orders showed unexpected strength last week and pulled the Dax index into record territory. The Australian Reserve Bank became yesterday the last central bank to cut interest rate creating an opening for parity between Australian and US dollars. Share prices are helped by decreased bond returns. The cut in interest rates play into the hands of equities. The Asian Pacific MSCI-index rose 0,8% and reached the highest level since August 2011. Global market sentiments were helped by strong quarterly results by one of the world leading banks, HSBC, and a profit jump for the US Disney. Cut in the labor seems to be the driving force behind HSBC’s result. The Chinese trading numbers are likely to ease recent concerns about weakness in the recovery in the world second-largest economy. Doubts remain, however, over real demand in China, and the accuracy of their figures. Oil and commodity prices are trading firmer after the Chinese data. A successful bond trade in Portugal supported the upbeat mood and strengthened the Euro. Euro/USD is steady at 1.3080. There is still no breakthrough in USD/JPY which sticks to the 99 yen a dollar level. USD/British sterling, GBP is trading at 1.5479 slightly down from yesterday. Gold continues to be under pressure. Gold lost one percent during yesterday’s trade. It has recovered to 1455. Gold backed exchange traded funds fell to their weakest level since 2009 indicating that investors money is leaving gold for booming stock markets. This suggests that the super cycle of commodities might be over and that tough times might lie ahead especially for metals. Analysts see that commodity prices in the future probably may be more determined by normal supply and demand balances than by speculative money flows. Gold traders take an opposite opinion. The present equity boom is driven by low interest rates and central banks money printing. This will create inflationary pressure and challenges for the market system as witnessed by the financial crisis in the autumn of 2008. In such an environment investors will still use gold and precious metals as a hedge. Gold bulls, therefore, stress that a rebound to the USD 1700 level is most likely also in a shorter term perspective. Copyright: MAYZUS Investment Company Ltd
  19. WEEKLY WINNERS OF THE MAYZUS FOREX DEMO CHAMPIONSHIP FOR THE WEEK 29 APRIL - 3 MAY 2013 MAYZUS Investment Company is pleased to announce weekly winners of the Forex Demo Championship for the week 29 April - 3 May 2013 1st Place – Prize $1000 goes to: Ben, acc. 455541 2nd Place – Prize $800 goes to: panzer, acc. 455682 3rd Place – Prize $500 goes to: sela10, acc. 431403 Most Active Trader Award – $100 goes to: helloworld!, acc. 455464 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship.
  20. 07 MAY 2013: BULLISH STOCK MARKETS SET FOR NEW RECORDS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments US and Asian stocks reached new record highs as the Japan’s Nikkei average soared 2,8% on Tuesday morning. For the first time since June 2008 the Nikkei broke above 14 000 as the market played catch-up from an extended holiday. The strong US jobs data eased concern over the health of Japan’s biggest export market. Japanese exporters as Toyota, Honda and Sony led the rally jumping more than 3%. In the US the S&P led by Apple and financials pushed further above 1600. The S&P has gained 13,4% since the beginning of the year. Decent earnings together with monetary easing and low interests rates have helped the stock markets to new records. As long as the world’s leading central banks are providing markets with liquidity the stock rally is most likely going to continue at least in the short term. Asia is today focusing on Australia where markets are waiting for the Central Bank of Australia’s decision on interest rate. Analysts are split on whether the interest rate would be lowered by a quarter point to a record low of 2,75%. A jump in stock prices are then predicted. Australian stocks fall 0,4% prior to the central bank’s verdict. The Asian Pacific, MSCI-index, was as the Korean Kospi slightly down after big upward jumps on Monday. In the currency market the Euro is on the defensive Euro/USD trading at 1.3077. The head of the European Central Bank (ECB), Mario Draghi, stated yesterday that ECB is watching economic data and is ready to take further action if needed. The upcoming German elections in September make changes in the austerity policies unlikely in spite of Germany being under pressure from other EU-members. While gold, USD 1465, is losing ground on continued outflows in holdings at the world’s largest gold backed exchange traded funds, SPDR Gold Trust, crude and copper are steady. Brent crude continues to trade above USD 105 a barrel. Copyright: MAYZUS Investment Company Ltd
  21. 06 MAY 2013: US JOB REPORT EASES FEARS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The US stock markets reached new highs on Friday. The S&P 500 index smashed through the 1600 mark for the first time in history. All 30 companies on the Dow Jones Industrial Average rose as that benchmark crossed 15 000 for the first time after better than expected jobs reports. Non-farm payrolls increased with 165 000 jobs in April. Analysts forecast was 140 000. The unemployment rate fell to 7,5%, the lowest level since December 2008. Asian stocks spurred higher Monday morning on the US job data. The better than expected jobs report eased fears about the health of the world’s largest economy which remains on a path of modest, but resilient growth. The Federal Reserve (FED) indicated last week that it is prepared to increase the USD 185 Billion –a-month pace of its third round of quantitative easing. The new figures mean there is little chance for such an increase. The job creation in April was heavily weighted towards the service sector. The production side with construction was shedding 6000 jobs. There is also a dip in average weekly hours from 34,6 to 34,4. The US job data follow central banks meetings last week. While the US FED expressed readiness to increase monetary easing, the European Central Bank (ECB) informed that if necessary it would consider taking deposit rates negative. The mere fact that the key central banks aired such an opportunity was enough to sustain the rally in stocks, bonds and credit demonstrated by the new records on Wall Street and the positive sentiments in Asia this morning. Decreasing rates meaning that stocks are the most attractive alternative investment. Oil prices have also been given a boost by the US jobs reports. New York crude (NYMEX) is for the first time in weeks trading above USD 96 a barrel. Brent crude is at 104,50. Copper is in the limelight after a 6,5% rally to USD 7 270 on Friday. Copper has fallen nearly 20 percent in the past three months on worries of a slowing world economy. Japanese yen is falling against the dollar trading at 99,08 yen to a dollar. Euro/USD is at 1.3122. Copyright: MAYZUS Investment Company Ltd
  22. 03 MAY 2013: ECB RATE CUTS SUPPORT SHARES DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Euro/USD lost more than 100 points after the European Central Bank (ECB) decided to cut interest rate with 0,25 % to a historical low of 0,50. The Euro fell immediately on the announcement and trades at 1.3074. The decision received cheers from stock markets which rallied in early Asian trade on Friday. In the US Wall Street was helped by a sharp fall in last week’s jobless claims which fell to its lowest level in five years. The smaller number of Americans seeking jobless benefits claims was seen as a sign of a healing job market in spite of the presentation a ray of weak economic data lately. US stocks were also helped by a narrowing trade gap in March. The fact that both imports and exports fell, indicate, however, weaker demand, and tells of weakening growth momentum both in the US and globally. Initial claims for state unemployment benefits dropped with 18 000 last week to seasonally adjusted 324 000. The claims report runs counter to a number of signals of economic activity softening in March and April. The data has no direct bearing on the Labor Department’s monthly employment report which is expected later today. It suggests, however, that employers are feeling less pressure to lay off workers even if they have cut back on hiring. Oil, copper and gold prices traded higher with Brent crude up 2% to 102,65. The US stock rally was led by tech shares. Facebook delivered better than expected and rose 5%. The ECB decision to cut rates for the first time in 10 months helped market sentiment and bolstered the content of the Federal Reserve (FED) statement Wednesday. FED will continue to buy bonds to keep interest low and spur growth. If necessary FED kept the door open for stepping up the purchases. Also the ECB kept options for further action to stimulate the economy. Copyright: MAYZUS Investment Company Ltd
  23. WEEKLY WINNERS OF THE MAYZUS FOREX DEMO CHAMPIONSHIP FOR THE WEEK 22 - 26 APRIL 2013 MAYZUS Investment Company is pleased to announce weekly winners of the Forex Demo Championship for the week 22 - 26 April 2013 1st Place – Prize $1000 goes to: mac, acc. 455416 2nd Place – Prize $800 goes to: forexgenerator, acc. 454927 3rd Place – Prize $500 goes to: praveenlath, acc. 445233 Most Active Trader Award – $100 goes to: xuvip33, acc. 429202 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship. Please note that the results published yesterday were incorrect for the week 22 - 26 April 2013
  24. 02 MAY 2013: ECB INTEREST CUT SEEMS LIKELY TODAY DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Growing doubts over the health of global economies pushed Asian stocks lower on Thursday after disappointing US economic data pushed Wall Street down. Dow Jones industrial fell 0,92% adding to doubts over the strength of the world’s biggest economy. Slow Chinese demand puts new question marks on China’s economic recovery. The European Central Bank (ECB) is meeting later today. ECB is expected to cut interest rates down to a low of 0,5% in an effort to take the Euro zone out of recession. The Asian Pacific MSCI-index fell 0,5 percent with Australian shares leading the decline. Miners dragged the AXJO index down 0,8% on fears of lesser Chinese appetite for commodities. The Chinese PMI (Purchasing Managers index) fell in April, but the upward trend continues. It is, however, fragile and has lost momentum due to signs of pausing in the US economy. Market sentiments are split between growth prospect worries and support for sustained monetary stimulus. There are also worries that a weaker US economic growth may prompt profit taking in Asian equities. Asia has strongly outperformed earlier this year, USD/JPY is trading steady at 97,24 unable to break through the psychological important 100 level. Some analysts expect that yen is going to continue to depreciate after a short breathier. A US trading at 110 yen towards a dollar is perceived. The dollar has recovered from lows against a basket of six major currencies, DXY, but stayed at lowest levels since late February. The dollar weakness lifted the euro to a two month high of USD 1,3243 on Wednesday. It trades steady around 1.3178 in the opening sessions in Asia. Weak credit demand in the euro zone shall most likely lead to further contraction in the region. This points along with disappointing German PMI in April towards an interest rate cut when ERCB meets later today. Growing unemployment in the Southern European periphery of Europe and slower growth in Germany, have led to a renewed debate on the austerity measures carried through by The ECB and EU-commission with Germany as the driving national engine. A leading critics of the austerity measures, the economic Nobel laureate, Paul Krugman, says in a recent article that the austerities is far from any sound economics and purely dictated by leading bankers and politicians’ political prejudices. The results are catastrophic for the economy as well as human beings. Copyright: MAYZUS Investment Company Ltd
  25. WELCOME BONUS FROM MAYZUS Mayzus Investment Company (“MAYZUS”) would like to invite all traders to take participate in our new Welcome Bonus promotion. From now on MAYZUS offers a Welcome Bonus up to 35% for new clients. The rules are simple: •Deposits up to 500 USD will receive 25% Bonus •Deposits of 500 USD and over will be topped up with 35% Bonus We encourage traders to register as soon as possible, as the Welcome Bonus Promotion is offered for limited period of time. More MAYZUS promotions can be found here. The Welcome Bonus is available to new Clients who have registered, fully verified and placed their first deposit from the 1st of May onwards. Please follow MAYZUS news on Facebook and Twitter to be aware of all upcoming opportunities!
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