FTMO, a leading provider of trading education and funding for traders, has released a detailed analysis of recent economic indicators that reflect ongoing fluctuations in global markets. The organization noted that the recent UK unemployment rate remained stable at 4.1% for July, aligning with both forecasts and previous figures. Meanwhile, the claimant count in the UK for August reported a significant drop to 23.7K, well below the anticipated 95.5K and a revision of the prior month’s data.
In addition, FTMO examined Germany's economic performance, revealing a year-on-year inflation rate of 1.9% for August, matching expectations but down from 2.3% in the previous data period. The monthly inflation rate showed a decrease of 0.1%. Insights from the organization also highlighted volatility observed in the S&P 500, which faced one of its worst weeks, while oil prices plunged to levels not seen since 2021. This series of economic updates is crucial for traders and investors, particularly as uncertainties remain regarding potential rate cuts by the Federal Reserve, with the latest Non-Farm Payrolls report falling short of expectations at 142K.