FTMO has announced the launch of a sophisticated trading strategy that integrates technical analysis with advanced indicators and multi-timeframe analysis. This new approach aims to improve traders' ability to identify key market trends, corrections, and optimize entry timing in various market conditions.
In conjunction with the introduction of this innovative strategy, FTMO provides insights into critical economic indicators affecting the markets. Recent data revealed that U.S. building permits fell by 2.9% month-over-month to an annualized rate of 1.428 million in September, a decline from the previous month's rate of 1.470 million and below the forecast of 1.450 million. Moreover, core retail sales for September posted an increase of 0.5%, exceeding expectations of 0.1%, while overall retail sales reflected a growth of 0.4%, surpassing the anticipated 0.3%.
Additionally, initial jobless claims in the U.S. for the week ending October 12 totaled 241,000, aligning with forecasts but marked an improvement from the previous figure of 260,000. FTMO traders have emphasized the importance of maintaining discipline through proper journaling of trades and adherence to trading plans, which has reportedly fostered better execution and performance consistency amidst fluctuating economic conditions.
In the Euro Area, the latest inflation rate data reflects a decrease, with the year-over-year rate dropping to 1.7% in September, below the expectation of 1.8% and down from the previous 2.2%. Market analysts project that this decline, alongside other economic factors, may influence the ECB's interest rate decisions in the near future, reflecting FTMO's commitment to equipping traders with essential market intelligence.