Whether just
starting a trading journey or being a veteran of twenty years, everybody has
something to learn as an investor. Knowledge is always at a premium, and this
is why its developed into such a strong area of focus at the upcoming Finance
Magnates Pacific Summit (FMPS), coming this August 27-29 in Sydney, Australia.

Retail
trading is a fickle mistress, with no shortage of horror stories as well as
ones of success. Succeeding long-term or meeting your goals takes a diligent
approach, filled with patience, understanding, and being able to adapt. Of
course, this is easier said than done, which is why FMPS has the cheat codes
for traders in the form of a curated session, ‘Essential Lessons from 50
Years of Teaching Traders’.

FMPS will
officially be underway in Sydney in just two short weeks! Have you reserved
your seat to APAC’s biggest event of the year? If not then head on over to the event
website and register
today!

Calling All
Traders to FMPS

FMPS will draw
thousands of attendees, including retail traders, brokers, service providers,
and much more. Four different industry verticals will
be represented, including online trading, fintech, payments, and crypto.

These
areas will all be represented across the event’s curated content track, part of
a full-length
agenda featuring plenty of
panels, workshops, keynotes, and more. Retail content will be taking place
exclusively at the Exchange Zone, the official content stage for all investors
and traders.

The
event will be providing an excellent opportunity for retail traders to learn,
explore, network, and meet with brokers, experts, and other traders. This
knowledge exchange is part of a two-day immersive experience in Australia that
only FMPS can provide.

Learn from the
Best in the Business

Imagine
you had two world class mentors with over 50 years of trading experience
shining a light into your investing blind spot. Would this help? Absolutely. FMevents
has done exactly this, combining two experts onto one stage for an unforgettable
learning experience.

The upcoming
session ‘Essential Lessons from 50 Years of Teaching Traders’, will bring
to light the do’s and don’ts of trading, complete with all the tips and tricks
that equate to meaningful success in any trading journey. The workshop will be taking
place at the Exchange Zone on August 28, 12:40-13:00, ran by the
following speakers:

• Louise Bedford,
  Founder at Trading Game
• Chris Tate, Director
  at Trading Game

There is a lot
to unpack in this session, with these industry veterans providing participants
with an impactful presentation with plenty to learn. Attendees can learn about the
best piece of money advice perhaps ever received, as well as how to ditch the
one strategy that almost everyone gets wrong.

Participants
will also be able to finally cut through the buzzwords, hype, and myths and
learn about any peculiar bias you’ve never heard of that could already be
crippling your results without even knowing.

This is one session
you cannot afford to miss. See you at FMPS in just two weeks!

This article was written by Jeff Patterson at www.forexlive.com.

Fundamental
Overview

Yesterday, the US PPI report missed expectations by a big margin
triggering a selloff in the US Dollar as the market started to position into a
potentially soft US CPI release today.

That led to a key breakout
in the NZDUSD pair which didn’t last as the RBNZ
tonight cut rates by 25 bps. While analysts and economist were expecting the
OCR to remain unchanged, the market was pricing more than a 70% probability of
a rate cut nonetheless.

What weighed on the Kiwi were
more dovish than expected central bank’s forecasts for future interest rates
settings.

For the Fed, the market is
split between a 25 and 50 bps cut in September and a total of 107 bps of easing
by year-end. On the RBNZ side, the market is expecting a 25 bps cut in October
and a total of 71 bps of easing by year-end.

NZDUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that NZDUSD probed above the key resistance
zone around the 0.6050 level yesterday after the soft US PPI report but got
smacked back down tonight following the rate cut from the RBNZ.

The sellers piled in with a
defined risk above the resistance to position for a drop back into the lows
around the 0.5850 level. The buyers will want to see the price rising back
above the resistance to increase the bullish bets and position for a rally into
the 0.6217 level next.

NZDUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that we have a minor support zone around the 0.5980 level where the price
got rejected from several times in the past weeks. If we get a pullback all the
way down to the support, the buyers will likely step in with a defined risk
below the support to position for a break above the major resistance with a
better risk to reward setup. The sellers, on the other hand, will want to see
the price breaking lower to increase the bearish bets into the 0.5850 level.

NZDUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that the price dropped all the way to the lower bound of the average daily range for today. The price generally
doesn’t extend much beyond the range unless there’s a strong catalyst.

That catalyst could be a
hot US CPI report today, which might push the price into the 0.5980 support
zone. For now, the buyers are leaning on the minor upward trendline to position
for a rally into new highs.

Upcoming
Catalysts

Today we have the US CPI report. Tomorrow, we get the US Retail Sales and
Jobless Claims figures. Finally, on Friday, we conclude the week with the New
Zealand Manufacturing PMI and the University of Michigan Consumer Sentiment
survey.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Fundamental
Overview

Yesterday, the US PPI report missed expectations by a big margin
triggering a selloff in the US Dollar as the market started to position into a
potentially soft US CPI release today.

The UK
CPI this morning missed estimates across the board as well and raised the
probabilities of a back-to-back cut in September. Most of the initial GBP
weakness though has been erased as the selloff in the greenback has been
stronger and in the bigger picture a positive risk sentiment should favour the
pound anyway.

For the Fed, the market is
split between a 25 and 50 bps cut in September and a total of 107 bps of easing
by year-end. On the BoE side, the market sees a 41% probability of a 25 bps cut
in September and a total of 47 bps of easing by year-end.

GBPUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that GBPUSD is approaching a key resistance
zone around the 1.29 handle. That’s where we can expect the sellers to step in
with a defined risk above the level to position for a drop into the 1.26
handle. The buyers, on the other hand, will want to see the price breaking
higher to increase the bullish bets into new highs.

GBPUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that once the price broke above the downward trendline,
the bullish momentum started to increase as more buyers piled in. We now have a
minor upward trendline defining the current bullish momentum. The buyers will
likely keep on leaning on the trendline to position for new highs, while the
sellers will want to see the price breaking lower to position for a drop into
the 1.26 handle.

GBPUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that the price bounced around the trendline and the 50% Fibonacci
retracement level this morning following the drop from the UK CPI release. The
red lines define the average daily range for today.

Upcoming
Catalysts

Today we have the US CPI report. Tomorrow, we get the US Retail Sales and
Jobless Claims figures. Finally, on Friday, we conclude the week with the
University of Michigan Consumer Sentiment survey.

This article was written by Giuseppe Dellamotta at www.forexlive.com.