FTMO recently analyzed critical economic indicators reflecting the current financial landscape in the United States and Europe. Notably, Housing Starts in the U.S. experienced a significant rise of 15.8% month-over-month to an annualized rate of 1.499 million units in December, surpassing forecasts. Similarly, Building Permits saw a slight decline of 0.7% month-over-month, yet still exceeded estimates.
In Europe, the inflation rate remained steady, recording a year-over-year increase of 2.4%, matching forecasts. Additionally, the core inflation rate also stood firm at 2.7%, indicating stability within the Euro Area economy. These figures are essential for traders when evaluating market conditions and making informed decisions.
Insights from FTMO traders underscore the importance of discipline in trading. One trader emphasized the necessity of adhering to strict trading rules and managing emotions effectively. Furthermore, traders have been advised to concentrate on their trading plans and risk management strategies, as these are crucial for navigating current market volatility.
Looking ahead, FTMO will continue its series on successful traders, focusing next on an individual who capitalized on the unique trading hours and volatility of Bitcoin. This analysis will provide valuable learnings for traders aiming to enhance their strategies.