FTMO continues to monitor important U.S. economic indicators as recent data reveals varying trends in inflation and market activities. The Consumer Price Index for Personal Consumption Expenditures (PCE) showed a year-on-year increase of 2.2% in August, slightly below the forecast of 2.3% and down from the previous rate of 2.5%. Meanwhile, the Core PCE Price Index aligned with expectations, remaining at 2.7% for the same period.
In addition, August's reports on Durable Goods Orders highlighted an unexpected stability. Actual orders remained unchanged at 0.0%, significantly outperforming the forecast of a decline by 2.8%. The Core Durable Goods Orders increased by 0.5%, exceeding expectations of 0.1%. These indicators are reflected in the broader economic context, where the U.S. GDP Growth Rate for Q2 was confirmed at 3.0%, matching the forecast.
The latest Initial Jobless Claims data also reflects a positive trend, with 218,000 claims reported for the week ending September 21, below the anticipated 224,000 claims. This follows a revision of previous claims numbers, indicating a gradual improvement in the labor market.
Insights from FTMO traders emphasize the importance of patience and strategy in trading. One trader noted, 'Remember, this is a long run game. A loss is part of the journey and does not reflect an individual's capability.' Another emphasized, 'Growing small every day will yield fruitful results; patience is key.' These sentiments underline FTMO's commitment to a disciplined trading approach.
FTMO also introduced a new Trade Chart feature in Live Metrix, offering traders a comprehensive overview of their trading activities. This new tool highlights essential data, including profit and loss, pip movement, and trade duration, allowing for improved decision-making in trading endeavors. As traders explore this feature, the firm anticipates enhanced trading experiences and outcomes.