The Finance
Magnates Africa Summit (FMAS:24) is set to take center stage once again this
May in South Africa. As one of the biggest summits in Africa in 2024, the premium
event will look to shine a spotlight on retail traders across the continent on
May 20-22 in Sandton City.

Africa
continues to evolve in 2024, propelled by a growing population and demographics
that make it very conducive to growth and interest from brokers and technology providers.

FMAS:24
looks to serve as a crucial platform for new and existing retail traders to connect,
exchange insights, and explore opportunities in the dynamic markets of the
region.

With a focus
on empowering
traders, the event promises to deliver invaluable perspectives, strategies,
and networking opportunities tailored to meet the needs of professionals
operating in Africa’s burgeoning financial ecosystem.

Leading
Talent and Traders Expected at FMAS:24

Retail
traders and investors play a pivotal role in driving liquidity, innovation, and
efficiency in Africa’s financial markets. From seasoned professionals to
emerging talent, FMAS:24 will welcome participants from all corners of the
industry, offering a diverse and inclusive environment for knowledge-sharing
and collaboration.

Through a
series of engaging panel discussions, keynote speeches, and interactive
workshops, attendees can also gain actionable insights into market trends,
investment strategies, and regulatory developments shaping the future of
finance in Africa.

One of the
key themes of FMAS:24 will be the democratization of trading and opportunities
across the continent with reliable brokers. As technology continues to
democratize access to financial markets, retail traders and individual
investors are increasingly playing a significant role in driving liquidity and
shaping market dynamics.

The summit
will explore the implications of this trend, highlighting the opportunities and
challenges associated with retail participation in African markets and offering
strategies.

Through
dedicated sessions and networking opportunities, FMAS:24 aims to facilitate
meaningful engagement between all attendees. This includes face-to-face
engagement, fostering collaboration, and unlocking new investment opportunities
across the continent.

Furthermore,
the event will delve into the rapidly growing landscape of digital assets and
blockchain technology, which are poised to revolutionize the way traders and
investors access and manage their assets.

Wide
Range of Topics to Be Discussed

From
cryptocurrencies to digital securities, the summit will explore the
opportunities and challenges presented by these emerging asset classes,
offering insights into regulatory developments, investment strategies, and risk
management practices tailored to the African context.

By bringing
together experts, innovators, and industry players, attendees can learn everything
they need to take their trading to the next level or simply get started.

A full rollout
of the summit’s agenda will be released in a manner of weeks so stay tuned. Attendees
can expect a full slate of sessions dedicated to exploring opportunities in the
retail trading space and much more. Registration for FMAS:24 is now live and can
be accessed via the following
link.

Moreover,
the FMAS:24 will offer attendees a unique opportunity to network with peers,
industry leaders, and potential partners from across the continent and beyond.

Networking
has been a cornerstone of the summit, enabling participants to establish
valuable connections, exchange ideas, and explore collaboration opportunities
in a dynamic and supportive environment.

Whether
through formal networking sessions, one-on-one meetings, or casual interactions
during coffee breaks and social events, attendees will have ample opportunities
to expand their professional network and unlock new opportunities for growth
and collaboration.

Take Your
Trading to the Next Level This May

FMAS:24
stands as a testament to the vibrancy and potential of Africa’s financial
markets, with a special focus on traders and investors who are driving
innovation, liquidity, and growth across the continent. By bringing together
industry stakeholders, thought leaders, and innovators, the summit provides a
platform for dialogue, collaboration, and knowledge-sharing aimed at unlocking
new opportunities and driving positive change in Africa’s financial ecosystem.

As traders
and investors converge on this prestigious event, they will gain valuable
insights, forge meaningful connections, and be inspired to seize the abundant
opportunities that lie ahead in Africa’s dynamic and evolving markets.

This article was written by FL Contributors at www.forexlive.com.

Yesterday,
the Nasdaq Composite didn’t move much although the market ended the day at the
lows. There was no catalyst to trigger a big move on either side, so we
continue to consolidate around these levels with the price slowly retreating
from the highs. The path of least resistance remains to the upside as the economic data points not only to resilience in the economy but
also a slight reacceleration in activity. The main risks for the market are
basically two: a reacceleration in inflation that forces the Fed to increase
interest rates or a hard landing.

Nasdaq Composite Technical
Analysis – Daily Timeframe

On the daily chart, we can see that the Nasdaq
Composite continues to retreat after coming very close to the all-time high.
From a risk management perspective, the buyers will have a much better risk to
reward setup around the trendline where we
can also find the red 21 moving average for confluence. The
sellers, on the other hand, will want to see the price breaking lower to
invalidate the bullish setup and position for a drop into the 15150 support.

Nasdaq Composite Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that
the price has been diverging with
the MACD for a
long time. This is generally a sign of weakening momentum often followed by
pullbacks or reversals. In this case, we got pullbacks into the bottom
trendline where the price kept on bouncing from as the buyers continued to pile
in. We can also notice that we might have formed a rising wedge right
at the all-time high. It will be important for the buyers to break out into new
highs as a break lower could trigger a selloff into the base of the wedge at
14477.

Nasdaq Composite Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have
a support zone around the 15900 level where we can also find the 38.2%
Fibonacci retracement level for confluence. This is where we can expect the
buyers to pile in with a defined risk below the trendline to target a new
all-time high. The sellers, on the other hand, can only wait for a break below
the trendline to position for a bigger drop into the 14477 level.

Upcoming
Events

Today we get the release of the US Consumer
Confidence report. On Thursday, we will see the US PCE and the latest US
Jobless Claims figures. Finally, on Friday, we conclude the week with the US
ISM Manufacturing PMI.

This article was written by FL Contributors at www.forexlive.com.

The model indicates „a moderate USD selling signal against most majors, with a strong signal in EUR/USD“. Adding that most of the selling pressure against the dollar „should be seen in non-commodity G10“.

Meanwhile, Citi’s month-end asset rebalancing model suggests that there should be outflows from equities and inflows into fixed income „for investors who target constant proportional asset allocation“.

This article was written by Justin Low at www.forexlive.com.

🚀 Why is Bitcoin soaring? A quick look into the recent BTCUSD price surge 🌟

Bitcoin’s recent meteoric rise has the crypto world buzzing! Here’s why the digital gold is shining brighter than ever:

🌬️ Bitcoin regulatory tailwinds 📈

The buzz around the US’s approval of a Bitcoin futures ETF has sent waves of optimism across the market. This key regulatory nod 🎉 opens the doors wide for institutional investors to jump into the Bitcoin bandwagon, potentially driving up demand (and prices)!

🛠️ Technological leaps 🌐

The Bitcoin network’s got a shiny new upgrade called Taproot, enhancing privacy, efficiency, and smart contract capabilities. This isn’t just a tech boost; it’s a magnet for investors looking for cutting-edge solutions in the crypto space.

🍂 Seasonal influences 📊

Ever noticed Bitcoin tends to get a year-end bonus? Historical trends show significant price spikes in Q4, making the last quarter of the year a potentially lucrative period for Bitcoin enthusiasts.

🏃‍♂️ Market dynamics: The FOMO effect 💸

The recent price surge? It’s partly thanks to „panic buying.“ Fear of missing out as prices climb has investors scrambling to get their piece of the Bitcoin pie, pushing prices even higher.

🏦 Institutional appetite 📈

MicroStrategy’s recent shopping spree, nabbing around 3,000 BTC, has highlighted the growing institutional interest in Bitcoin. This move not only shows confidence in Bitcoin’s future but also signals to other institutional players that the crypto market is ripe for investment.

⏳ The halvening horizon 🔮

The clock is ticking towards the next Bitcoin halving, expected to reduce the rate at which new Bitcoins are created. This scarcity mechanism has historically led to price increases, making it a key event to watch.

🗣️ Market psychology: Buying the rumors 💬

There’s a current trend of trading on speculation, with investors eagerly buying into rumors of what the future holds for Bitcoin. This sentiment is fueling the current bullish momentum in the market.

Remember, bitcoin traders and investors, the crypto market is as volatile as it gets. While these factors paint a bullish picture, doing your homework and proceeding with caution is key. Remember to visit ForexLive.com for various views, analyses and updates! 🚀✨

This article was written by Itai Levitan at www.forexlive.com.

Gold futures technical analysis: Go bears with this 4-to-1 trade idea, at your own risk

In the ever-evolving world of gold trading, staying ahead with insightful technical analysis is crucial for those looking to capitalize on gold futures. Today, we’re diving deep with Itai Leitan at ForexLive.com, presenting a comprehensive gold futures technical analysis, coupled with a high-reward trade idea that beckons the astute trader. Here’s what you need to know:

Key Highlights:

• Trade gold at your own risk: Itai emphasizes the importance of personal responsibility in trading. Remember, every trade carries potential risks and rewards.
• Technical gold futures analysis insight: Itai shares his unique perspective on gold futures, guiding traders through the technical landscape.

Gold Price Forecast: A Closer Look

Itai provides an analytical deep dive into the current state of gold futures, highlighting a potential for correction despite gold’s status as a safe haven. This analysis is grounded in technical patterns and volume profile studies, offering a nuanced view for those interested in gold price forecasts.

Short Gold Idea: A 4:1 Reward vs. Risk Trade

1. Entry strategy: Itai points out a specific trading range, utilizing volume profiles to identify key areas of interest.
2. Stop loss: A carefully placed stop loss at 1.47% above the trendline to manage risk effectively.
3. Profit targets: Itai outlines a primary target at 1922.9, with partial profits planned at strategic levels down to 1997.7. SEE GOLD TECHNICAL ANALYSIS VIDEO ABOVE FOR DETAILS

Subtle Nuances for the Seasoned Trader:

• Volume Profile Analysis: Key insights into buyer and seller dynamics at different price levels.
• Risk Management: Itai discusses the significance of wider stops for swing trading and the concept of position sizing to mitigate risk.

Trading Wisdom:

• 📉 Understanding market dynamics: The technical analysis provided sheds light on the intricate dance between buyers and sellers in the gold market.
• 🛑 Risk consideration: Always prioritize risk management, adapting your strategy to the unique challenges of gold futures trading.

Conclusion:

This gold futures technical analysis on ForexLive.com offers a valuable perspective for traders looking to navigate the complexities of the gold market. With a focus on disciplined risk management and a strategic approach to entry and exit points, traders can engage with the market informed and prepared.

🔔 Stay updated: For more insights and analysis, remember to check back at ForexLive.com, where the trading community benefits from a wealth of knowledge and expertise.

Remember, the key to successful trading lies in informed decisions, a stop loss as a measured approach to risk. Good luck, traders!

This article was written by Itai Levitan at www.forexlive.com.

• Prior -50

The slump for UK retailers eased to the slowest in 10 months, so that is a bit of comfort at least. But the expectations reading is seen at -15, so retailers are anticipating a pick up in the decline in sales in March. Some good news for the BOE is that the quarterly data for selling price inflation was +54 and down sharply from +73 in November. That marks the weakest reading for said indicator since May 2021.

This article was written by Justin Low at www.forexlive.com.

S&P 500 futures are now flat while Nasdaq futures are marginally higher on the day. Equities enjoyed strong gains last week on the back of the Nvidia rush, and they are looking to carry on the momentum to this week. Month-end flows might factor into play though, so there’s still that to consider. US futures have been trending more sideways since Asia but have nudged a little higher in the past hour:

European stocks are more pensive though at the moment. Regional indices are down around 0.1% to 0.3% as the optimism seems more centered around tech shares once again today.

This article was written by Justin Low at www.forexlive.com.

Last
Friday, the Dow Jones pulled back a bit after reaching a new all-time high
following the Nvidia induced rally across different stock markets. On the
economic data side, we got another slate of strong data last Thursday with the US
Jobless Claims and US PMIs beating
expectations. The Fed members continue to repeat that they want to see a couple
more of inflation reports before deciding on rate cuts, but they keep on
reiterating that cuts are coming this year. Overall, the path of least
resistance remains to the upside.

Dow Jones Technical
Analysis – Daily Timeframe

On the daily chart, we can see that the Dow Jones
extended the rally into a new all-time high last week. We can also notice that
the price reacted to the top trendline of what
now looks like a rising wedge.
Moreover, the price continues to diverge with the
MACD which is
generally a sign of weakening momentum often followed by pullbacks or
reversals. In this case, it should be a signal for a pullback into the bottom
trendline where the buyers will have a better risk to reward setup.

Dow Jones Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can see even
better the rising wedge formation and the divergence with the MACD. We can also
notice that we have the 50% Fibonacci
retracement level around the bottom trendline for
extra confluence.
That’s where we can expect the buyers to step in with a defined risk below the
trendline to position for a rally into another all-time high. The sellers, on
the other hand, will want to see the price breaking lower to invalidate the
bullish setup and position for a drop into the 38033 level first and upon a
further break lower, the 37128 level next.

Dow Jones Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have
another interesting support zone
around the 38900 level where we can find the confluence of the previous resistance now
turned support, the 38.2% Fibonacci retracement level
and the red 21 moving average. The buyers might want to split their orders as
the price could bounce either from the 38900 support or the bottom trendline.

Upcoming Events

This week we have some important economic data on the
agenda. We begin tomorrow with the release of the US Consumer Confidence
report. On Thursday, we will see the US PCE and the latest US Jobless Claims
figures. Finally, on Friday, we conclude the week with the US ISM Manufacturing
PMI.

This article was written by FL Contributors at www.forexlive.com.

Saying ahead
of the curve is paramount, especially when it comes to attending the latest
trading expos in 2024. These events serve as invaluable platforms for
professionals looking to enhance their knowledge, network with industry
experts, and explore the latest innovations. In 2024, amidst digital
advancements and market fluctuations, attending these expos is even more
crucial for both seasoned brokers and aspiring traders alike.

Why
Attend Trading Expos

Trading
expos provide a unique opportunity for individuals to immerse themselves in the
latest trends, technologies, and strategies shaping the financial services
landscape. For brokers, these events offer a chance to gain insights into
emerging markets, regulatory changes, and cutting-edge trading platforms.

Traders, on
the other hand, can benefit from educational seminars, live demonstrations, and
one-on-one interactions with leading industry figures.

Current
Trends in Online Trading Industry

The online
trading industry is constantly evolving, driven by technological advancements,
regulatory reforms, and shifting investor preferences. In 2024, this includes strides
in algorithmic (algo) trading, fueled by the proliferation of artificial
intelligence and machine learning algorithms.

Furthermore,
the rise of cryptocurrencies and decentralized finance (DeFi) introduces new
avenues for investment and speculation, reshaping traditional trading
paradigms.

Top
Trading Expos to Attend in 2024

iFX EXPO LATAM – Mexico City, Mexico: April 9-11

iFX EXPO LATAM is a B2B and B2C conference that
explores one of the most dynamic and untapped marketplaces globally. Join the
industry’s leading brokers, affiliates, hedge funds and fintechs along with
thousands of traders – all under one roof.

Global
Trade Finance Expo – Dubai, UAE: May 9-10

The Global Trade Finance Expo offers an
opportunity to engage with senior decision-makers in global trade and
investment – from banks, traders, exporters, corporates, underwriters, Export
Credit Agencies (ECAs) & Development Finance Institutions (DFIs).

FMAS:24 –
Sandton City, South Africa: May 20-22

Finance
Magnates Africa Summit (FMAS:24) is a premier destination for individuals
and businesses interested in online trading, fintech, crypto, digital assets,
and payments. This summit is the perfect blend of local expertise and global
insights, providing a dynamic platform for both B2C and B2B audiences to
network, learn, and forge meaningful connections.

The Money
Show – Toronto, Canada: September 13-14

The
MoneyShow Toronto is a signature Canadian financial conference that provides
attendees with the tools, tactics, guidance, strategies, and recommendations to
better grow and protect your wealth in 2024 and beyond.

Taking
Advantage of Networking at Trading Expos

Networking
lies at the heart of trading expos, offering participants a chance to forge
valuable connections and collaborations. Whether it’s striking up a
conversation with a keynote speaker, exchanging ideas with fellow traders, or
exploring partnership opportunities with industry vendors, the networking
opportunities at these events are limitless.

By building
a robust network, professionals can gain access to insider insights,
mentorship, and potential career opportunities.

Conclusion

Attending
online trading expos in 2024 is essential for professionals seeking to stay
abreast of industry developments, expand their networks, and sharpen their
trading acumen.

By
leveraging the wealth of resources and opportunities offered by these events,
individuals can position themselves for success in an ever-evolving financial
landscape.

FAQ

How
to Choose the Right Trading Expo to Attend in 2024?

With a
plethora of trading expos to choose from, selecting the right one can be a
daunting task. To make an informed decision, consider factors such as the
event’s agenda, keynote speakers, exhibitors, and networking opportunities.

Additionally,
assess your own learning objectives and areas of interest to ensure that the
expo aligns with your professional goals. Conduct thorough research, read
reviews from past attendees, and leverage social media platforms to gauge the
reputation and relevance of the event.

What
Should I Prepare Before Attending a Trading Expo?

Preparation
is key to maximizing your experience at a trading expo. Start by familiarizing
yourself with the event schedule and identifying sessions or workshops that
align with your interests. Prepare questions to ask speakers or exhibitors, and
bring along essential items such as business cards, notepads, and chargers.

Dress
appropriately, as first impressions matter in networking settings. Finally,
maintain an open mind and be ready to engage with peers, speakers, and vendors
to make the most of your time at the expo.

Why
are Trading Expos Important?

Trading
expos play a pivotal role in the professional development of individuals in the
finance industry. These events offer a platform for education, networking, and
discovery, enabling participants to stay ahead of market trends, expand their
professional networks, and explore new opportunities.

By attending
trading expos, professionals can gain valuable insights, forge meaningful
connections, and position themselves for success in an increasingly competitive
landscape.

This article was written by FL Contributors at www.forexlive.com.

UPCOMING EVENTS:

• Tuesday: Japan
  CPI, US Durable Goods Orders, US Consumer Confidence.
• Wednesday:
  Australia Monthly CPI, RBNZ Policy Decision, US Q4 GDP 2nd
  Estimate.
• Thursday: Japan
  Industrial Production and Retail Sales, Australia Retail Sales, Switzerland
  Q4 GDP, Canada GDP, US PCE, US Jobless Claims.
• Friday: Japan
  Unemployment Rate, Chinese PMIs, Switzerland Retail Sales, Eurozone CPI
  and Unemployment Rate, US ISM Manufacturing PMI.

Tuesday

The Japanese Core CPI Y/Y is expected at
1.8% vs. 2.3% prior while there’s no consensus on the other measures although
the prior Headline CPI Y/Y printed at 2.6% and the Core-Core CPI Y/Y came at
3.7%. The Tokyo
CPI, which is seen as a
leading indicator for national inflation, surprised recently falling much more
than expected with almost all the measures dropping below the BoJ’s 2% target.
Even if the BoJ decides to exit the NIRP, it looks like it’s going to be just a
one and done.

The US Consumer Confidence has been rising
in the past couple of months. The present situation index increased
substantially the last
time, which might have been a hint for
the strong January NFP report released a week later. In fact, compared to the
University of Michigan Consumer Sentiment, which shows more how the consumers
see their personal finances, the Consumer Confidence shows how the consumers
see the labour market.
The consensus sees the index remaining unchanged at 114.8 in February.

Wednesday

The Australian Monthly CPI Y/Y is expected
at 3.5% vs. 3.4% prior. The RBA focuses more on the quarterly CPI readings,
but the monthly indicator is timelier and can be a guide for the trend, especially
at turning points. The Core measures will be more important but overall, this
report is unlikely to change much for the central bank.

The RBNZ is expected to keep the OCR
unchanged at 5.50%. There is a very slight chance of a hike with the ANZ bank
recently forecasting the central bank to raise rates to 6.00%. The data
though doesn’t call for such a move at the moment with the last GDP
reading surprisingly showing a strong contraction and the disinflationary
trend remaining intact. The unemployment
rate has also been rising steadily, so
there’s no real indication for a rate hike.

Thursday

The US PCE Y/Y is expected at 2.4% vs.
2.6% prior, while the M/M measure is seen at 0.3% vs. 0.2% prior. The Core PCE
Y/Y is expected at 2.8% vs. 2.9% prior, while the M/M reading is seen at 0.4%
vs. 0.2% prior. Forecasters can reliably estimate the PCE once the CPI and
PPI are out, so the market already knows what to expect. Therefore, we are
unlikely to see big reactions unless the data surprises on either side.

The US Jobless Claims continue to be one
of the most important releases every week as it’s a timelier indicator on the
state of the labour market. Initial Claims keep on hovering around cycle
lows, while Continuing Claims remain firm around cycle highs. This week the
consensus sees Initial Claims at 210K vs. 201K prior,
while there’s no consensus for Continuing Claims at the time of writing
although the last week’s data showed a decrease to 1862K vs. 1889K prior.

Friday

The Eurozone CPI Y/Y is expected at 2.5%
vs. 2.8% prior, while the Core Y/Y measure is seen at 2.9% vs. 3.3% prior. The
Core 3-month and 6-month annualised rates are already below the ECB’s 2%
target, but the central bank is adamant on its patience stance and some
members, including President Lagarde, stated that they want to see the Q1 2024
wage data before considering a rate cut. The market is fully pricing a 25 bps
rate cut in June and despite the ECB’s message, the market will likely price
back in an April cut if the data misses expectations.

The US ISM Manufacturing PMI is expected
at 49.5 vs. 49.1 prior. The expectations are skewed to the upside as the S&P
Global Manufacturing PMI showed another
increase in February to 51.5 vs. 50.7 in the prior month. The generally
commentary was upbeat as the sector is experiencing a rebound from the
recessionary phase in the last 2 years.

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