Monthly Archives: January 2025

Macro Briefing: 7 January 2025

US factory orders fell more than expected in November. New orders for manufactured goods dropped 0.4% compared with October, marking the fourth monthly decline in the past four. For the year-over-year trend, factory orders have slumped 1.9% in November, remaining in a tight range around zero change that’s prevailed over the past 18 months.

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Macro Briefing: 6 January 2025

US manufacturing’s contraction eased in December, according to the ISM Manufacturing Index. The survey-based indicator rose to 49.3 last month, the highest since March. Despite the improvement, the index remains below the neutral 50 mark and has reflected contraction for 25 of the past 26 months. Meanwhile, analysts at ING advise that “US manufacturing shows encouraging signs of life… after languishing for much of the past two years.”

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Book Bits: 04 January 2025

Prop Trading Secrets: How Successful Traders are Living off the Markets
Kathy Lien and Etienne Crete
Summary via publisher (Wiley)
In Prop Trading Secrets of Successful Funded Traders: How Individual Traders are using Proprietary Trading to Achieve Financial Freedom, Kathy Lien, author and managing director of FX strategy at BK Asset Management, and Etienne Crete, full-time trader and founder of Desire to Trade, deliver a collection of 14 revealing interviews with proprietary traders successfully making a living off the markets. You’ll explore insights from veteran traders with over 10 years’ experience in the markets, winners of a variety of trading championships, and contemporary prop traders using methods like funded accounts to trade other people’s money.

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