FxGrow Support

Daily Technical Analysis – 13th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was lower last week and opened the week lower at 0.7412 today. Now the pair is trading below its 20day moving average of 0.7435 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7350 RSI (14), STOCH (9, 6) are Neutral; STOCHRSI (14), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 0.7409 while Resistance is at 0.7462 13th July 2015 – 07:46hrs GMT USDJPY USDJPY was bullish last week and opened the week lower at 122.17 today. Now it is trading above its 20day moving average of 122.70 in the European trading session. The near term bias remains Bullish with targets of 124.00 RSI (14), STOCHRSI (14), CCI (14), Ultimate Oscillator are Overbought; ADX (14), MACD (12, 26), ROC, MA100, MA200 indicate a BUY; while Average True Range (14) indicates High Volatility. Support is at 122.45 while Resistance is at 123.31 13th July2015 – 07:59hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 13th July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was bullish last week without any major movements and opened the week lower at 1.1096 today. Now the pair is trading below its 20day moving average of 1.1144 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.1050 RSI (14), CCI (14) are Neutral; STOCH (9, 6), ROC, Williams %R indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.1065 while Resistance is at 1.1151 13th July 2015 – 07:51hrs GMT GBPUSD GBPUSD closed last week higher and opened the week slightly up at 1.5518 today. Now the pair is trading above its 20day moving average of 1.5509 in the European trading session. The near term bias remains Bullish with targets of 1.5600 RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; CCI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5420 while Resistance is at 1.5616 13th July 2015 – 07:38hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Market Analysis – 10th July, 2015 By FxGrow Research & Analysis Team Euro Higher as Greece submits new Bailout Proposal Greece has submitted a new detailed proposal to its European creditors asking for a three year bailout loan. The chairman of Euro group finance ministers, Jeroen Dijsselbloem, received the documents which will be assessed by the officials from the European Commission, European Central Bank and International Monetary Fund. "We got a mandate to bring a better deal than the ultimatum that the Euro group gave us, but certainly not given a mandate to take Greece out of the Eurozone. We are confronted with crucial decisions, we are all in this together" - Greek Prime Minister Alexis Tsipras. Greek PM Alexis Tsipras has taken care to draft a new proposal along with his cabinet which proposes tax rises, pension reforms meeting the demands of the creditors. The new proposal is due to be approved by the Greek Parliament today and will be presented before the Euro group of Finance minister's summit on Sunday. EURUSD is lifted by the news that Greece has submitted a new proposal for bailout from a low of 1.0991 to trade at 1.1118 in the European trading session. “The realistic proposal from Greece will have to be matched by an equally realistic proposal on debt sustainability from the creditors. Only then will we have a win-win situation” - European Council President Donald Tusk. European Union leaders will be meeting for an emergency summit in Brussels on Sunday where they will decide on the future of the Greece in the Euro. If there is no deal by Sunday then the Greek economy will collapse and possibly leave the Euro. “Greece seeks to reach an agreement with the institutions immediately, but we want an agreement that will respect the country and the people’s dignity, and that will open windows for a way out of the crisis. We do not want to add a third Memorandum of harsh austerity, suffering and deprivation to the two previous ones without offering a prospect to the country" - Greek Energy Minister. The future of Greece in the Eurozone will be decided this weekend when the European leaders will discuss a third bailout program in the light of new proposal submitted to them. US Initial Jobless Claims jumped to 297K, as the number of people applying for unemployment benefits rose more than expected last week. Bank of England has kept its benchmark interest rate unchanged at 0.5% on backdrop of strong growth. IMF expects British economy to grow 2.7% this year. In Australia Unemployment rate rose to 6.0% for the month of June according to the Australian Bureau of Statistics. China’s Consumer Inflation rose to 1.4% for the month of June according to the National Bureau of Statistics. Crude oil has rebounded to $53.26 as China stock markets have recovered from collapse. Gold is trading higher in the Europe at 1163.16, while Silver is up at 15.47 10th July 2015 – 09:38hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 10th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was mildly bullish yesterday as it touched a high of 0.7490 but then it came down towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7458 in the European trading session. The near term bias remains Bullish with targets of 0.7500 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, CCI (14) indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 0.7449 while Resistance is at 0.7495 10th July 2015 – 07:01hrs GMT USDJPY USDJPY was bullish yesterday and maintained its up tone towards the end of the trading session. Now it is trading below its 20day moving average of 121.88 in the European trading session. The near term bias remains Bullish with targets of 122.50 RSI (14), STOCHRSI (14), ADX (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCH (9, 6) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 120.50 while Resistance is at 121.97 10th July2015 – 07:05hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 10th July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was indecisive yesterday as it touched a low of 1.0990 and then moved upwards at the end of the trading session. Now the pair is trading above its 20day moving average of 1.1114 in the European trading session. The near term bias remains Bullish with targets of 1.1160 to 1.1180 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1061 while Resistance is at 1.1172 10th July 2015 – 06:52hrs GMT GBPUSD GBPUSD was indecisive yesterday as it touched a high of 1.5418 and a low of 1.5342 towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5383 in the European trading session. The near term bias remains Bullish with targets of 1.5450 STOCH (9, 6), RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5343 while Resistance is at 1.5420 10th July 2015 – 06:57hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow continues to invest in Technology Solutions Leading Forex broker FxGrow already provides some of the fastest order execution speeds available on the market. Nevertheless, it seems they have found a way to increase this further, giving their traders an even greater advantage. The key to superior execution is adopting the most advanced technology on the market, which is something that FxGrow has no hesitation in doing. To this end, they have announced a partnership with FX technology leader PrimeXM, who are providing access to their state of the art XCore execution technology and dedicated Equinix hosting framework across the globe. Specifically their servers have been relocated to PrimeXM’s institutional grade infrastructure in the ultra-low-latency FX Hub within Equinix LD4 in London and NY4 New York. For optimum performance FxGrow is using liquidity providers that are co-located to their bespoke XCore execution engine, that facilitates connectivity at sub milli-second speeds to the LPs via the use of physical fiber and copper connections rack to rack , commonly referred to as cross-connects. “We are always in search of ways to enhance and optimize our clients’ trading experience. With a lot of research and testing, we decided to move our servers to the Equinix data center with a fixed PrimeXM API. They have extensive experience with MT4 trading and offer custom solutions to meet our very high demands. Making this move would be better for our valued clients, and so it was an easy decision for us to make”, commented Chief Executive Officer Hassan Mazeh.

Daily Market Analysis – 09th July, 2015 By FxGrow Research & Analysis Team FOMC Minutes: Fed Cautious over weak Consumer spending, Risks in Greece and China “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced.” – FOMC. "Many participants emphasized that, in order to determine that the criteria for beginning policy normalization had been met, they would need additional information indicating that economic growth was strengthening, that labor market conditions were continuing to improve, and that inflation was moving back toward the Committee's objective." – FOMC. "Most participants judged that the conditions for policy firming had not yet been achieved; a number of them cautioned against a premature decision" – FOMC. The FOMC minutes show that officials are cautious about the economic outlook. Their concerns include weak consumer spending, and drags on investment and exports resulting from lower energy prices and a stronger USD. Concern over Greece and China, Fed officials were open to delaying their first interest rate increase since 2006 amid uncertainty over Greece’s future in the euro zone. "While a worst-case scenario of a Greek exit from the euro leading to sizable financial and economic impacts on the global economy cannot be ruled out, it remains an unlikely tail risk" - San Francisco Fed President Williams. In China, Stock markets have stabilized with the Shanghai Composite up 6.35% and the Shenzhen Composite up 3.76%. With support from the Chinese government to rescue stock markets, the People's Bank of China has cut interest rates to a record low; brokerages have committed to buy billions worth of stocks. The Greek government sent a formal request for a new bailout to the European Stability Mechanism, asking for a three-year loan facility. Greece has said it will provide details of credible and concrete reforms to its creditors today to try to secure a third bailout from the European Union and the International Monetary Fund. Canada’s Building permits declined to C$6.7 billion for the month of May, showing signs that the Canadian economy struggled to regain momentum after shrinking in the first quarter of the 2015. Crude oil is trading lower at $52.44 after a surprise build in US stockpiles. Gold is trading higher in the Europe at 1164.45, while Silver is up at 15.39 09th July 2015 – 09:04hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 09th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD remained indecisive yesterday as it touched a low of 0.7370 and a high of 0.7448 towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7439 in the European trading session. The near term bias remains Bullish with targets of 0.7500 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7371 while Resistance is at 0.7516 09th July 2015 – 06:37hrs GMT USDJPY USDJPY was strongly bearish yesterday as it touched a low of 120.40 and remained weak towards the end of the trading session. Now it is trading above its 20day moving average of 120.97 in the European trading session. The near term bias remains Neutral to Bullish with targets of 122.00 RSI (14) is Neutral; STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 120.41 while Resistance is at 121.94 09th July2015 – 06:42hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 09th July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD had a bullish trend yesterday and touched a high of 1.1091 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1067 in the European trading session. The near term bias remains Bullish with targets of 1.1160 RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1065 while Resistance is at 1.1131 09th July 2015 – 06:25hrs GMT GBPUSD GBPUSD had a bearish momentum yesterday and touched a low of 1.5329 but then it corrected upwards towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5367 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5450 STOCH (9, 6) is Neutral; RSI (14), ADX (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5351 while Resistance is at 1.5450 09th July 2015 – 06:30hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Market Analysis – 08th July, 2015 By FxGrow Research & Analysis Team Chinese stock market crash continues China’s stock market crashed as the government announced more measures to try to boost the sagging market after a spectacular bull-run reversed course in June. The Shanghai Composite Index has lost about €2.9 trillion in value in the crash, which is nearly 12 times Greece’s entire foreign debt, which is estimated at €242.8 billion, and more than 12 times its gross domestic product (GDP) which is reckoned at about €238 billion last year. "At the moment there is a mood of panic in the market and a large increase in irrational dumping of shares, causing a strain of liquidity in the stock market" - China Securities Regulatory Commission. "Also, the ripple effect from the market correction has yet to show up. We expect slower growth, poorer corporate earnings, and a higher risk of a financial crisis" - Analyst of Bank of America Merrill Lynch. More than 1,300 companies representing about 40 percent of the value of companies in China have halted trading in an effort to stop the slide. More than 500 China-listed firms announced trading halts on the Shanghai and Shenzhen exchanges on Wednesday, taking total suspensions to about 1,300 - 45 percent of the market or roughly $2.4 trillion worth of stock - as companies scuttled to sit out the carnage – Reuters. “Fears about the risks to financial stability and the wider economy have contributed to negative sentiment toward commodities. The impact has been felt most in industrial metals, such as copper, where China is by far the most important consumer" - Analyst from Capital Economics. In Eurozone, after the emergency summit in Brussels, European leaders have given Greece time until Thursday to present new proposals to secure a deal with creditors, and have called a full EU summit for Sunday. "If this does not happen, it will mean an end of the negotiations with all the possible consequences, including the worst-case scenario, where all of us will lose. Our inability to find agreement may lead to the bankruptcy of Greece and the insolvency of its banking system. Tonight I have to say loud and clear that the final deadline ends this week" - European Council President Donald Tusk. "The Commission does not want a Grexit. Grexit would be a terrible failure and we are fighting to avoid it." - Pierre Moscovici. Canada's Trade deficit increased to C$3.3 billion deficit, while the volume of exports plunged 2.5% in May. "On the other hand, domestic demand is strengthening in regions that are less exposed to the energy sector" - Bank of Canada. Crude oil plunged to $52.37 on China stock market turmoil ahead of weekly supply data from US. Gold is trading lower in the Europe at 1153.89, while Silver is weak at 15.01 08th July 2015 – 09:38hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 08th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was strongly bearish yesterday and touched a low of 0.7396 but then it corrected upwards towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7428 in the European trading session. The near term bias remains Bearish with targets of 0.7350 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, Ultimate Oscillator, MA200 indicate a SELL; while Average True Range (14) indicates High Volatility. Support is at 0.7384 while Resistance is at 0.7432 08th July 2015 – 06:30hrs GMT USDJPY USDJPY was weaker yesterday but remained indecisive towards the end of the trading session. Now it is trading below its 20day moving average of 122.30 in the European trading session. The near term bias remains Bearish with targets of 121.50 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 121.85 while Resistance is at 122.45 08th July2015 – 06:34hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 08th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was strongly bearish yesterday and touched a low of 0.7396 but then it corrected upwards towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7428 in the European trading session. The near term bias remains Bearish with targets of 0.7350 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, Ultimate Oscillator, MA200 indicate a SELL; while Average True Range (14) indicates High Volatility. Support is at 0.7384 while Resistance is at 0.7432 08th July 2015 – 06:30hrs GMT USDJPY USDJPY was weaker yesterday but remained indecisive towards the end of the trading session. Now it is trading below its 20day moving average of 122.30 in the European trading session. The near term bias remains Bearish with targets of 121.50 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 121.85 while Resistance is at 122.45 08th July2015 – 06:34hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 08th July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was lower yesterday and touched a low of 1.0915 but then it bounced upwards towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.0981 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.0950 RSI (14), STOCH (9, 6), ADX (14) are Neutral; MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.0916 while Resistance is at 1.1065 08th July 2015 – 06:22hrs GMT GBPUSD GBPUSD was bearish yesterday and touched a low of 1.5416 remaining weak towards the end of the trading session. Now the pair is trading just near its 20day moving average of 1.5445 in the European trading session. The near term bias remains Bearish with targets of 1.5400 STOCH (9, 6), RSI (14), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5413 while Resistance is at 1.5588 08th July 2015 – 06:27hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Market Analysis – 07th July, 2015 By FxGrow Research & Analysis Team Greek debt crisis: Eurozone struggles to find solution Eurozone leaders are meeting for an emergency summit in Brussels today to find a solution to the Greek debt crisis after Greece’s landslide rejection of bailout proposals. They are awaiting a new proposal from Greece after its Finance Minister Yanis Varoufakis announced his resignation. “The prospects of a happy resolution of this crisis are rapidly diminishing. If there is no signal from these meetings that Greece and the Eurozone are ready to get around the table again, we can expect the financial situation in Greece to deteriorate rapidly" - George Osborne, British chancellor. “Greece is a member of the euro. It is up to Greece and its government to act so that this can remain the case. It depends now on what proposals the Greek government puts on the table" - spokesman of Angela Merkel, the German chancellor. Global leaders have expressed concerns about the ongoing Greek debt crisis and are looking for an amicable solution. "It is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the Eurozone can translate into a lasting programme. Time is running out and there is urgency for Greece and the Eurozone" - French President Francois Hollande. "Washington looked forward to Athens and other parties resuming conversations toward resolving the Greek situation. Such an outcome will allow Greece to make difficult but necessary fiscal and structural reforms, return to growth, and achieve debt sustainability within the Euro zone" - Jack Lew, US Treasury Secretary. "I understand why the Greek people are venting their frustration. Fiscal consolidation is not making progress. They are in deflation. The world expects Greece and the EU to cooperate on a final bailout plan" - Akira Amari, Japan's Economics minister. Greek Banks will run out of cash by next week as large parts of the Greek economy are hit by the imposed capital controls and closure of Banks. Greek government is also running out of cash to pay public service wages and pensions to its citizens. The country is just days away from deciding whether to leave the Eurozone, if there is no financial support from the European Central Bank. In UK Manufacturing production dropped 0.6 percent for the month of May, while Industrial production rose by 0.4 percent. The Reserve Bank of Australia kept its Official Cash Rate unchanged at 2.00%. "In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending." - Reserve Bank of Australia. US Non-Manufacturing PMI came in at 56 for the month of June according to the Institute for Supply Management. Canada's Purchasing activity rose for the month of June as Ivey PMI came in at 55.9. "On the other hand, domestic demand is strengthening in regions that are less exposed to the energy sector" - Bank of Canada. Crude oil plunged to $53.13 on concerns of Greek exit and persistent oversupply in the market. Gold is trading lower in the Europe at 1166.39, while Silver is weak at 15.64 07th July 2015 – 09:43hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 07th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD remained indecisive yesterday as it touched a low of 0.7462 and a high of 0.7528 yesterday. Now the pair is trading below its 20day moving average of 0.7495 in the European trading session. The near term bias remains Bearish with targets of 0.7400 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, Ultimate Oscillator, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 0.7462 while Resistance is at 0.7532 07th July 2015 – 07:09hrs GMT USDJPY USDJPY had a bullish momentum yesterday and touched a high of 122.91 and remained firm towards the end of the trading session. Now it is trading just above its 20day moving average of 122.62 in the European trading session. The near term bias remains Bullish with targets of 123.50 RSI (14) is Neutral; STOCH (9, 6), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 122.45 while Resistance is at 122.93 07th July2015 – 07:13hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 07th July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was slightly up yesterday and touched a high of 1.1093 and remained indecisive towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1047 in the European trading session. The near term bias remains Bearish with targets of 1.0950 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.0969 while Resistance is at 1.1076 07th July 2015 – 07:01hrs GMT GBPUSD GBPUSD was moderately bullish yesterday and touched a high of 1.5627 but then it consolidated lower towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5594 in the European trading session. The near term bias remains Bearish with targets of 1.5500 STOCH (9, 6) is Neutral; RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5531 while Resistance is at 1.5602 07th July 2015 – 07:05hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Market Analysis – 06th July, 2015 By FxGrow Research & Analysis Team Global Markets sink after Greek voters rejected the terms of an International bailout The final result of the Greek referendum, was 61.3% "No", against 38.7% who voted "Yes". Global markets have sunk after voters in Greece rejected austerity plans demanded by International creditors, as the country's future in the Eurozone is in danger. The Nikkei 225 index dropped 2.1% to close at 20,112.12 on Monday. In South Korea, the Kospi index fell 2.4% to 2,054. And in Hong Kong, the Hang Seng index was down 3.3% to 25,205.56. “As of tomorrow, Greece will go back to the negotiating table and our primary priority is to reinstate the financial stability of the country" - Greek Prime Minister Alexis Tsipras. "Today we celebrate the victory of democracy. We proved even in the most difficult circumstances that democracy won't be blackmailed" - Greek Prime Minister Alexis Tsipras. “I’m fully aware that the mandate that I was given (by voters) is not for a rupture with Europe, but a mandate boosting our negotiating strength for reaching a sustainable deal" - Greek Prime Minister Alexis Tsipras. "For recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities" - Jeroen Dijsselbloem, head of the Eurozone finance ministers. "I believe that with the hard efforts of all sides, Greece's economic situation will turn around. The economic crisis will be appropriately handled. Whether or not it can be appropriately handled will not only have an important impact on Greece and its people, but will have an important impact on ... the world too" - Deputy Chinese Foreign Minister. If there is no agreement on a deal, the European Central Bank will shut down Emergency Liquidity Assistance no later than 20 July. Banks will then not only be illiquid but would then turn bankrupt, and the lack of financing would trigger a collapse of the Greek economy. “Euro area member states intend to make full use of all the instruments available to preserve the integrity and stability of the euro area (which would) complement any actions the European Central Bank may take in full independence and in line with its mandate” - ECB. US stocks are poised to open sharply lower on Monday after Greeks rejected the terms of the bailout proposed by its International creditors. Crude Oil is trading lower at $54.95 8.86 after Greece rejected debt bailout terms. Gold is trading lower in the Europe at 1164.88, while Silver is flat at 15.62 06th July 2015 – 08:32hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 06th July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD opened the week lower but then consolidated upwards in the early Asian trading session. Now the pair is trading below its 20day moving average of 0.7505 in the European trading session. The near term bias remains Bearish with targets of 0.7400 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates High Volatility. Support is at 0.7460 while Resistance is at 0.7598 06th July 2015 – 06:09hrs GMT USDJPY USDJPY opened the week lower touching a low of 121.85 in the early Asian trading session. Now it is trading below its 20day moving average of 122.60 in the European trading session. The near term bias remains Bullish with targets of 123.00 RSI (14) is Neutral; STOCH(9,6), Williams %R, Ultimate Oscillator indicate a BUY; while Average True Range (14) indicates High Volatility. Support is at 121.81 while Resistance is at 122.84 06th July2015 – 06:13hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 06th July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD opened the week lower touching a low of 1.0968 in the early Asian trading session. Now the pair is trading just below its 20day moving average of 1.1065 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.0950 RSI (14), STOCH (9, 6) are Neutral; MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; while Average True Range (14) indicates High Volatility. Support is at 1.1031 while Resistance is at 1.1117 06th July 2015 – 05:46hrs GMT GBPUSD GBPUSD opened the week lower touching a low of 1.5538 in the early Asian trading session. Now the pair is trading just above its 20day moving average of 1.5580 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5500 RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5552 while Resistance is at 1.5624 06th July 2015 – 06:01hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Market Analysis – 03rd July, 2015 By FxGrow Research & Analysis Team US Non-Farm Payrolls increased by 223k in June Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent. Job gains occurred in professional and business services, health care, retail trade, financial activities, and in transportation and warehousing - US Bureau of Labor Statistics. Employment in other major industries, including construction, manufacturing, wholesale trade, information, and government, showed little or no change over the month - US Bureau of Labor Statistics. The unemployment rate declined to 5.3% due to a decline in the labor force of 432K as the participation rated declined to 62.6% from 62.9%. Recent US data suggests that US growth should pick up in the current and coming quarters. The June employment report leaves the door open for a first rate hike in September. The uncertain financial conditions in Greece may affect the timing of the first rate hike. US Dollar was weaker after the Non-Farm payrolls came out, seen as mildly disappointing by the economists. While the expectations for two rate hikes before the end of the year are cut down, the expectations of a September hike are maintained. With US holiday on Friday NFP data was released a day earlier, and we are unlikely to see major moves until the opening of the markets on Monday. Focus is now shifting to Greece as Prime Minister Alexis Tsipras has called a referendum on July 5 for Greeks to decide if the country should accept what his government regards as a raw deal offered by its creditors. On Monday, a larger than usual price gap between the market's close on Friday and the open of the Asian markets is expected. If the majority of Greeks will vote against the current deal drafted by the IMF, European Commission, and the European Central Bank, it will push the country closer to Grexit. Meanwhile, European leaders are not ready to negotiate with Athens until the referendum has passed. According to some reports Germany might refuse to negotiate with Greek government post-referendum. In UK business activity in the services sector outpaced estimates for the month of June. Markit services purchasing managers' index came at 58 for June. "In UK Growth is looking increasingly unbalanced. The recent weakness of the manufacturing PMI means industrial production looks likely to have declined in the second quarter, leaving the economy once again dependent on the service sector to sustain any growth. June’s rebound is therefore welcome news, but policymakers will want to see further improvements in the data, including signs of a sustainable upturn in pay growth, before feeling comfortable that the UK economy is ready for higher interest rates" - Chris Williamson, chief economist at Markit. Crude Oil is trading lower at $56.52 7.11 after US oil drilling this week increased after 29 weeks of declines. Gold is trading mildly higher in the Europe at 1168.70, while Silver is weak 15.65 03rd July 2015 – 08:55hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 03rd July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was lower yesterday and touched a low of 0.7588 but then it corrected upwards towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7618 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 0.7510 STOCH (9, 6) is Neutral; MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 0.7572 while Resistance is at 0.7616 03rd July 2015 – 04:14hrs GMT USDJPY USDJPY moved upwards hitting a top of 123.70 but then it corrected lower towards the end of the trading session. Now it is trading below its 20day moving average of 123.13 in the Asian trading session. The near term bias remains Neutral to Bearish. RSI (14), ADX (14), CCI (14) are Neutral; MACD (12, 26), ROC, MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 122.80 while Resistance is at 123.70 03rd July 2015 – 04:20hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 03rd July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD remained indecisive yesterday with a mild recovery on the upper side. Now the pair is trading just above its 20day moving average of 1.1087 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1150 STOCH (9, 6) is Neutral; RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.1048 while Resistance is at 1.1119 03rd July 2015 – 04:00hrs GMT GBPUSD GBPUSD remained indecisive yesterday as it touched a low of 1.5560 and a high of 1.5638. Now the pair is trading just above its 20day moving average of 1.5608 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5660 STOCH (9, 6), CCI (14) are Neutral; RSI (14), ADX (14), MACD (12, 26), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5560 while Resistance is at 1.5624 03rd July 2015 – 04:08hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Market Analysis – 02nd July, 2015 By FxGrow Research & Analysis Team US ISM Manufacturing Index Rises to 53.5 in June Manufacturing expanded in June as the PMI registered 53.5 percent, an increase of 0.7 percentage point over the May reading of 52.8 percent, indicating growth in manufacturing for the 30th consecutive month. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting - Institute for Supply Management. Improvement seen in US manufacturing reflects stronger domestic spending with improving demand abroad. 11 out of 18 manufacturing industries expanded in June, led by makers of furniture and wood products. Producers of oil, metals, plastics and machinery said business contracted. New orders rose to 56.0 from 55.8. The gauge of prices paid was unchanged at 49.5, compared with expectations of 51.0. June PMI indicates manufacturing activity has begun to recover from the softer demand, output and hiring levels experienced earlier in the year. Globally falling oil prices have forced energy companies to curtail orders for new equipment and pipelines as their margins were squeezed and rigs were shut down. The stronger dollar made US goods more expensive overseas, which is weighing on sales. In Eurozone finance ministers have ruled out any further talks on a fresh bailout for Greece until the country holds its referendum on Sunday. Greek PM Tsipras has written to European leaders and the International Monetary Fund, accepting most of the conditions for the bailout. "Greece is prepared to accept this staff level agreement subject to the following amendments, additions or clarifications" - Prime Minister Alexis Tsipras. Greece is out of money after being cut off from European bailout funds and has defaulted to the IMF. If Greeks will vote for "Yes" a new bailout deal will take weeks and may need a change of government. "How do you persuade European government to vote for a third bailout when the Greek government has actively campaigned in a referendum against the terms of a second bailout?" - James Nixon. NZDUSD slid to a 5 year low as the monetary policy divergence New Zealand and the US and the strong US dollar are driving the New Zealand dollar to its lowest since May 2010. Crude Oil is trading lower at $57.11 after progress on Iran Nuclear deal. Gold is trading lower in the Europe at 1163.70, while Silver is weak 15.52 02nd July 2015 – 07:48hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 02nd July, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was moderately higher yesterday touching a high of 0.7714 but then it came down towards the end of the trading session. Now the pair is trading just below its 20day moving average of 0.7659 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7600 CCI (14), STOCH (9, 6) are Neutral; MACD (12, 26), RSI(14), ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7634 while Resistance is at 0.7738 02nd July 2015 – 04:49hrs GMT USDJPY USDJPY was bullish yesterday and remained firm towards the end of the trading session. Now it is trading above its 20day moving average of 123.16 in the European trading session. The near term bias remains Bullish with targets of 124.00 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 122.60 while Resistance is at 122.89 02nd July 2015 – 04:58hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Daily Technical Analysis – 02nd July, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was broadly lower yesterday and touched a low of 1.1051 and remained weak towards the end of the trading session. Now the pair is trading just near its 20day moving average of 1.1071 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.1010 STOCH (9, 6), ADX (14), CCI (14) are Neutral; RSI (14), MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1031 while Resistance is at 1.1134 02nd July 2015 – 04:33hrs GMT GBPUSD GBPUSD was bearish yesterday and touched a low of 1.5606 remaining weak towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.5621 in the European trading session. The near term bias remains Neutral to Bearish. STOCH (9, 6), CCI (14) are Neutral; RSI (14), ADX (14), MACD (12, 26), Ultimate Oscillator, ROC indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5587 while Resistance is at 1.5652 02nd July 2015 – 04:43hrs GMT For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.