In recent market analysis, FTMO has observed a notable increase in existing home sales in the USA, reporting a 2.2% growth to a seasonally adjusted annual rate of 4.24 million in December. This figure surpasses the previous month’s growth of 4.8% and was higher than the forecasted 4.19 million.
The latest Purchasing Managers' Index (PMI) data for January reveals mixed signals about the economic landscape. The USA's S&P Global Manufacturing PMI came in at 50.1, slightly exceeding expectations of 49.8, while the Services PMI was reported at 52.8, falling below the forecast of 56.4. Comparatively, the Composite PMI registered at 52.4, lower than the anticipated 55.6.
In related updates, FTMO highlights the UK’s S&P Global/CIPS Manufacturing PMI at 48.2, better than the projected 46.9, and Services PMI at 51.2, also exceeding expectations. The Euro Area’s results were similarly positive with the HCOB Composite PMI recorded at 50.2, surpassing the forecast of 49.7.
FTMO also emphasizes the critical role of effective risk management and market analysis in trading success. In their latest trading strategy session, FTMO outlines a methodology that marries historical volatility analysis with technical indicators to optimize trading decisions. Traders are encouraged to develop personalized trading systems and to maintain confidence in their unique strategies.