Trade of the Week | FTMO

New week, new trading opportunities!

The ECB cut rates and adjusted the operational framework for implementing monetary policy this month. Gold hit new records, and the yen continues to strengthen against the dollar. More details in our Weekly Market Recap.

Weekly market recap once again here. 👉 ftmo.com/en/weekly-mark…

FTMO Trader: It’s not how big your trade is, but to grow yourself.

#Germany #ZEW Economic Sentiment Index Sep: ❌Actual: 3.6 👉Forecast: 17.1 👈Previous: 19.2

FTMO Trader: To become a profitable trader it is extremely important to be persistent, patient but most of all disciplined.

#USA Core Retail #Sales MoM Aug: ❌Actual: 0.1% 👉Forecast: 0.2% 👌Previous: 0.4% #USA Retail #Sales MoM Aug: ✅Actual: 0.1% 👉Forecast: -0.2% ✅Previous: 1.1% (revised from 1.0%)

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#UK #Inflation Rate YoY Aug: 👌Actual: 2.2% 👉Forecast: 2.2% 👈Previous: 2.2% #UK #Inflation Rate MoM Aug: 👌Actual: 0.3% 👉Forecast: 0.3% 👈Previous: -0.2% #UK Core #Inflation Rate YoY Aug: 👌Actual: 3.6% 👉Forecast: 3.6% 👈Previous: 3.3%

#Euro Area #Inflation Rate YoY Final Aug: 👌Actual: 2.2% 👉Forecast: 2.2% 👈Previous: 2.6% #Euro Area #Inflation Rate MoM Final Aug: ❌Actual: 0.1% 👉Forecast: 0.2% 👈Previous: 0.0%

FTMO Trader: Be patient. There isn't a rush to pass the funded and receive a payout. Work on your psychology, as I believe it's 90% of what makes a great trader.

According to the preliminary estimate, Building Permits in the #USA rose by ✅4.9% MoM (previous -3.3%,) to an annualized rate of ✅1.475 million in August (previous 1.406 million), above the estimates of 1.410 million.

#Housing Starts in #USA rose by ✅9.6% MoM (previous ❌-6.9%) to an annualized rate of ✅1.356 million units in August (previous ❌1.237 million), higher than the forecasted 1.310 million.

Fed Interest rate decision in one hour. It is certain that the US central bank will cut rates today, for the first time in four and a half years. What is not at all certain, however, is how much it will ultimately be. More and more investors and economists are convinced that the

#USA #Fed Interest Rate Desicion ❌Actual: 5.00% 👉Forecast: 5.25% 👈Previous: 5.50%

FTMO Trader: Stay out of high volatility trades CPI, NFP etc. Discipline yourself to have confidence in a trade placed and not having a get rich quick mindset.

Bank of England Interest Rate Decision: 👌Actual: 5.00% 👉Forecast: 5.00% 👈Previous: 5.00%

#USA Initial #Jobless Claims Sep 14: ✅Actual: 219K 👉Forecast: 230K ❌Previous: 231K (revised from 230K)

Existing Home Sales in the #USA fell by 2.5% to the seasonally adjusted annual rate of ❌3.86 million in August (previous: ✅+1.5%, 3.96 million), lower than the forecasted 3.92 million.