FTMO, a prominent player in the prop trading industry, has successfully defended its victory at the recent FMLS awards for Prop Trading Firms. The firm expresses gratitude to its supporters and looks forward to further shaping the industry in the years to come.
In the backdrop of these achievements, mixed economic indicators were reported globally for November. The USA's S&P Global Manufacturing PMI recorded an actual value of 48.8, below the forecast of 48.9, while the Services PMI outperformed expectations at 57.0, compared to a forecast of 55.2. Furthermore, existing home sales in the USA rose by 3.4% to an annual rate of 3.96 million, surpassing the forecasted 3.95 million, indicating a resilient housing market.
In the UK, manufacturing and services PMIs both fell short of their forecasts, with actual values of 48.6 and 50.0, respectively. The Euro Area also reported disappointing PMI figures, particularly in manufacturing and services, emphasizing a challenging economic environment. Despite these mixed indicators, FTMO reinforces its commitment to guiding traders through volatility, underscoring that trading involves inherent risks based on statistics and probabilities.