FTMO has published its latest economic analysis for January, highlighting significant trends in the U.S. job market, inflation rates in the Euro Area, and manufacturing performance indicators across various regions. The U.S. Job Openings and Labor Turnover Survey (JOLTs) for December revealed an actual figure of 7.600 million, which fell short of the forecasted 8.010 million, and was also a revision down from the previous figure of 8.156 million.
In addition, the Euro Area's inflation indicators for January showed that the Year-over-Year inflation rate was 2.5%, exceeding the forecast of 2.4%, while the Month-over-Month inflation rate registered at -0.3%, slightly better than the anticipated -0.4%. Furthermore, the Core Inflation Rate also showed signs of stability, coming in at 2.7%, surpassing expectations of 2.6%.
The manufacturing sector's performance was also analyzed, with the UK S&P Global/CIPS Manufacturing PMI initially reported at 48.3, surpassing the expected 48.2, and the Euro Area HCOB Manufacturing PMI recorded at 46.6, above the forecast of 46.1. Germany's manufacturing PMI aligned closely with expectations at 45.0, also showing an upward trend from the previous month's 42.5.
In addition to economic indicators, FTMO emphasizes the importance of discipline in trading strategies, highlighting that successful traders rely on their back test data while adhering to their trading plans. The firm also pointed out that awareness in trading is frequently underestimated but is crucial for achieving consistent results, and further discussions on this topic can be found in their latest article.