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Daily Market Analysis – 09th June, 2015 By FxGrow Research & Analysis Team Greece expects to get bailout extension until March 2016 Greece is in talks with its European creditors for an extension of the country's bailout program until March 2016. Greece is running out of funds as talks continue over agreements between Greece and the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF). The European Commission has received a new three page proposal from the Greek government to unlock the bailout funds and bridge the differences on critical issues such as the pension and VAT reforms. Greek Prime Minister Alexis Tsipras said "that a Greek bankruptcy will be the beginning of the end for the Eurozone. If Europe’s political leadership is unable to handle a problem like Greece, which represents 2% of its economy, how will the markets react for countries with much bigger problems, such as Spain and Italy. If Greece goes under, the markets will immediately seek out the next one. If negotiations should collapse, the cost to European taxpayers will be huge”. He further stated "I think we're very close to an agreement on the primary surplus for the next few years. There just needs to be a positive attitude on alternative proposals to cuts to pensions or the imposition of recessionary measures." US President Barack Obama said after the end of the G7 summit meeting “We support the efforts to find a path that will allow Greece to implement the necessary reforms and return to growth, in a strong, stable and developing Eurozone”. EURUSD has reversed its losses post NFP as the European and US bond yields have soared to their highest levels this year. In Germany Exports and Industrial output rose for the month of April. Exports rose by 1.9% while the industrial production increased 0.9% in April. "German exporters are increasingly capitalizing on the advantages of a weaker euro, as well as a global demand recovery" - Christian Schulz, economist at Berenberg. In Australia Business confidence increased for the month of May as the Reserve Bank of Australia made operating conditions easier by cutting interest rates to a record low. National Bank of Australia has revised its fiscal 2015 GDP forecast to 2.4% but lowered its fiscal 2016 GDP forecast to 2.6%. Crude Oil is trading higher at $59.19 as weak US dollar boosted demand and pushed global prices higher. Gold is trading higher in the Europe at 1181.34 while Silver is strong at 16.16 09th June 2015 – 09:25hrs 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 June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bullish trend yesterday and touched a high of 0.7715 in the Asian trading session today. Now the pair is trading just above its 20day moving average of 0.7678 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7700 STOCH (9, 6), ADX (14) are Neutral; RSI (14), MACD (12, 26), Ultimate Oscillator, ROC, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 0.7625 while Resistance is at 0.7721 09th June 2015 – 06:49hrs GMT USDJPY USDJPY was bearish yesterday and touched a low of 124.15 in the Asian trading session today. Now it is trading below its 20day moving average of 124.72 in the European trading session. The near term bias remains Neutral to Bearish with targets of 124.00 RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility. Support is at 124.12 while Resistance is at 124.80 09th June 2015 – 06:54hrs 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 June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD is in a strong bullish momentum and touched a high of 1.1344 in the Asian trading session today. Now it is trading above its 20day moving average of 1.1268 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.1360 to 1.1380 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.1269 while Resistance is at 1.1322 09th June 2015 – 06:33hrs GMT GBPUSD GBPUSD is in a strong bullish momentum and touched a high of 1.5372 in the Asian trading session today. Now the pair is trading above its 20day moving average of 1.5327 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5410 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.5269 while Resistance is at 1.5374 09th June 2015 – 06:44hrs 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 June, 2015 By FxGrow Research & Analysis Team Strong US Non-Farm Payrolls report boosts Fed Rate Hike in September In US total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent. Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline - US Bureau of Labor Statistics. NFP report indicates that the US job market continues to improve solidly and the health of the US economy is more favorable than the weakness displayed in the Q1 GDP report. US dollar remained strong across its major counterparts on Friday after the US jobs report boosted speculation of a Fed rate hike in September this year. New York Fed president Dudley noted that "if the labour market continues to improve and inflation expectations remain well-anchored, then I would expect, in the absence of some dark cloud gathering over the growth outlook, to support a decision to begin normalizing monetary policy later this year". Greece talks continue to dominate the markets as Greek PM Alexis Tsipras stated "the proposals from the creditors are clearly unrealistic...The Greek government cannot consent to unreasonable proposals that call for devastating measures for pensioners and Greek families. I want to believe that it was a bad negotiating trick". Greek Finance Minister Yanis Varoufakis said "the government will not sign a deal that extends this self-feeding crisis of the last 5 years". In Canada Net Change in Employment for the month of May was +58.9K Jobs while Unemployment Rate remained at 6.8%. In Japan the economy grew at 3.9% in the first quarter of 2015 beating analyst expectations of a 2.7% growth. In Germany Factory orders increased by 1.4% in April as German industry looks to experience a boost this year. Crude Oil is trading higher at $59.02 after OPEC decided to keep its production target unchanged. Gold is trading higher in the Europe at 1173.24 while Silver is flat at 16.10 08th June 2015 – 09:31hrs 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 June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bearish trend last week and touched a low of 0.7598; now it is trading above its 20day moving average of 0.7622 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 0.7680 RSI (14), ADX (14) are Neutral; Ultimate Oscillator, ROC, MA10 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7598 while Resistance is at 0.7712 08th June 2015 – 07:10hrs GMT USDJPY USDJPY was bullish last week and touched a high of 125.78; now it is trading below its 20day moving average of 125.12 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 124.60 RSI (14), Ultimate Oscillator, ROC, MA10 indicate a SELL; STOCH (9, 6), ADX (14) are Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility. Support is at 124.67 while Resistance is at 125.85 08th June 2015 – 07:15hrs 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 June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD came down last week touching a low of 1.1048 and is now trading above its 20day moving average of 1.1113 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1200 RSI (14) is Neutral; ADX (14), CCI (14), Ultimate Oscillator, ROC, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.1099 while Resistance is at 1.1288 08th June 2015 – 07:02hrs GMT GBPUSD GBPUSD came down last week touching a low of 1.5189 and is now trading above its 20day moving average of 1.5264 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5350 RSI (14) is Neutral; ADX(14), Ultimate Oscillator, ROC, MA10 indicate a BUY; STOCHRSI(14), CCI(14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5223 while Resistance is at 1.5332 08th June 2015 – 07:06hrs 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 – 05th June, 2015 By FxGrow Research & Analysis Team Greece delays IMF payment until end of June Greece moves closer to default and a possible exit from the Eurozone as it will not make a scheduled €300m loan repayment to IMF on Friday. IMF said on Thursday "The Greek authorities have informed the fund today that they plan to bundle the country's four June payments into one, which is now due on June 30," Gerry Rice, IMF spokesperson, said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month". It is the first time that Greece will postpone a repayment to IMF as Prime Minister Alexis Tsipras is facing opposition from his supporters on tough terms associated with the debt deal. Greek prime minister has come under pressure from his supporters to withhold the payment of €300m due to IMF on June 5. The country is running out of funds and needs the final €7.2bn bailout funds to be able to repay €1.54 billion to IMF by June 30. Greece PM Tsipras said “Such extremist proposals cannot be accepted by the Greek government. Everyone must understand that the Greek people have greatly suffered over the last five years and some have to stop playing games at their expense.” EURUSD pulled back yesterday after this decision from a high of 1.1365 to a low of 1.1178 in the Asian trading session today. Traders are focusing on the US Non-Farm Payroll report due to be released today at 12:30 GMT. Analysts expect a growth of 227K in the job markets for the month of May. Pre-NFP data suggest a strong NFP report today. Analysts forecast for the Unemployment rate is at 5.4%, the lowest level in seven years. Today’s NFP report will indicate whether Fed is willing to hike interest rates in September 2015. Fed will hike interest rates this year if the NFP data picks up in May. In UK the Bank of England kept its benchmark interest rate at 0.5%, the lowest level since 2009. The decision by BoE to hold interest rates was supported by data that showed growth of the UK economy slowed down in the Q1 2015 to 0.3%. "In UK much will clearly depend on how economic growth, earnings and productivity develop over the coming months, as well as just how quickly inflation moves up later on this year" - Howard Archer, chief UK and European economist at IHS Global Insight. In Canada Ivey PMI rose to 62.3 supported by an increase in employment and inventory levels. Today investors will focus on CAD Full Time Employment Change report due on 12:30 GMT. Analysts estimate that Canada's economy will add 10K jobs in May with jobless rate remaining at 6.8%. Crude Oil is trading lower at $57.85 on concerns over spiking European yields. Gold is trading lower in the Asia at 1176.26 while Silver is flat at 16.18 05th June 2015 – 10:16hrs 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 – 05th June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bearish trend yesterday and touched a low of 0.7663; it is now trading below its 20day moving average of 0.7690 in the Asian trading session. The near term bias remains Bearish with targets of 0.7600 RSI (14), STOCHRSI (14), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a SELL; CCI (14) is Neutral; while Average True Range (14) indicates Less Volatility. Support is at 0.7667 while Resistance is at 0.7738 05th June 2015 – 07:18hrs GMT USDJPY USDJPY was indecisive yesterday and is now trading above its 20day moving average of 124.45 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 125.50 STOCH (9, 6) is Neutral; RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 124.33 while Resistance is at 124.67 05th June 2015 – 07:22hrs 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 – 05th June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD had a strong bullish trend yesterday and touched a high of 1.1378 and is now trading above its 20day moving average of 1.1240 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1350 RSI (14), STOCH (9, 6), ADX (14), CCI (14), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1201 while Resistance is at 1.1288 05th June 2015 – 07:05hrs GMT GBPUSD GBPUSD was bullish yesterday touching a high of 1.5440 and is now trading below its 20day moving average of 1.5362 in the Asian trading session. The near term bias remains Bearish with targets of 1.5250 RSI (14), ADX (14), Ultimate Oscillator, ROC, MA50 indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.5303 while Resistance is at 1.5440 05th June 2015 – 07:11hrs 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 – 04th June, 2015 By FxGrow Research & Analysis Team Greek deal hopes and Euro zone debt yields lift Euro Greek Prime Minister Alexis Tsipras said after talking with the senior EU officials that Greece was close to a deal with its creditors and it would make a payment due to the IMF on Friday. "It was a good, constructive meeting. Progress was made in understanding each other's positions on the basis of various proposals. It was agreed that they will meet again. Intense work will continue." - Statement given by the European Commission. Greece has enough cash to repay a €300 million payment due to the IMF on Friday. German 10-year bond yields climbed to 0.887 percent, after the ECB raised its inflation forecast for the year 2015. The 10 year US Treasury yields reached at 2.3696% the highest level since Nov 2014. "The biggest positive about the bond market weakness is that yields’ going higher is a net positive for all of the financials. Higher yields on fixed income translate into higher rates and that increases the net interest margin for financials," - Michael James, MD Wedbush Securities, Los Angeles. EURUSD is trading at 1.1345 in the European trading session having touched a high of 1.1378 European Central Bank kept its benchmark rates unchanged at 0.05 percent and increased its forecast for inflation in the Eurozone this year to 0.3 percent. ECB President said bond buying program of 60 billion euros per month will continue till September 2016 with an aim to inject liquidity into the financial system and drive up the Eurozone’s low rate of inflation. Draghi said "The full implementation of all our monetary policy measures will provide the necessary support to the euro area's economy." On Greek Debt deal Draghi called for a strong agreement between Greece and its Creditors saying "A strong agreement is one that produces growth, that has social fairness but that is also fiscally sustainable and addresses the remaining sources or factors of financial instability in the financial sector." In China HSBC PMI climbed to 53.5 the highest level in 8 months as growth remains sluggish in China. "Overall, growth momentum in China appears relatively weak, weighed down by an ongoing deterioration in manufacturing operating conditions" - Annabel Fiddes, economist at Markit. In UK the services PMI declined to 56.5 in May, while the UK's economy grew by 0.3% in the first quarter of the year. The UK service sector forms a large part of the economy. "Additionally, construction firms in UK experienced an upturn in new business growth from April's near two-year low and job creation was the fastest recorded so far in 2015" - Tim Moore, Markit. Crude Oil is trading lower at $59.56 after Russian Energy Minister's confirmation that the OPEC would not cut output at Friday's meeting. Gold is trading lower in the Asia at 1182.65 while Silver is flat at 16.46 04th June 2015 – 09:30hrs 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 Technical Analysis – 04th June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bullish trend yesterday and is now trading below its 20day moving average of 0.7761 in the Asian trading session. The near term bias remains Bearish with targets of 0.7650 RSI (14), CCI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA200 indicate a SELL; STOCH (9, 6), STOCHRSI (14) are Oversold; while Average True Range (14) indicates Less Volatility. Support is at 0.7707 while Resistance is at 0.7801 04th June 2015 – 07:16hrs GMT USDJPY USDJPY was indecisive yesterday and is now trading below its 20day moving average of 124.34 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 124.85 RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 123.86 while Resistance is at 125.45 04th June 2015 – 07:21hrs 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 – 04th June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD had a strong bullish trend yesterday and touched a high of 1.1284 and is now trading below its 20day moving average of 1.1247 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1350 RSI (14), STOCH (9, 6), MACD (12, 26), MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.1130 while Resistance is at 1.1284 04th June 2015 – 07:02hrs GMT GBPUSD GBPUSD remained indecisive yesterday and is now trading just at its 20day moving average of 1.5324 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5400 RSI (14), ADX (14) are Neutral; STOCH (9, 6), MACD (12, 26), STOCHRSI (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.5300 while Resistance is at 1.5374 04th June 2015 – 07:10hrs 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 June, 2015 By FxGrow Research & Analysis Team Euro Surges on Greek Deal Hopes The euro surged against its major counterparts on hopes that Greece will soon reach a deal with its European creditors. EURUSD touched a two week high of 1.1195 and US Dollar plunged with Dollar index recording a 1.5% decline, the biggest decline in 24hrs since July 2013. Greek Prime Minister Alexis Tsipras is going to Brussels today to discuss his government's proposal for deal with its creditors and secure the bailout funds. European institutions and the International Monetary Fund have completed the draft of an agreement to unlock bailout aid for Greece. Greek Prime Minister Alexis Tsipras said that he has submitted his terms for a deal to European institutions and the IMF, and he is optimistic that Greece’s proposal would be accepted. Greece needs to repay IMF 1.6 billion euros this month. The first installment of 300 million euros is due Friday, with other installments due on June 12, 16 and 19. Greece is running out of cash without a deal and is close to a default. Greek Prime Minister Alexis Tsipras said "We have submitted a realistic plan for Greece to exit the crisis. We are not waiting for them to submit a proposal, Greece is submitting a plan - it is now clear that the decision on whether they want to adjust to realism... the decision rests with the political leadership of Europe." European Central Bank will announce its monetary policy and rate decision today. It will be followed by the press conference of ECB President Mario Draghi. It is expected that ECB will continue to implement its €60/month QE program. In Euro Zone Inflation is back according to a report from Eurostat, consumer prices have jumped to 0.3% in the last month while core inflation is at 0.9%, but is below the ECB's target of 2%. "Spain and Italy appear to be staging strong recoveries, benefiting in particular from impressive export performances”. - Chris Williamson, Markit's chief economist. UK Construction PMI climbed to 55.9 as the construction sector continues its recovery and growth after Prime Minister David Cameron unexpectedly won the general election with an outright majority. "Additionally, construction firms experienced an upturn in new business growth from April's near two-year low and job creation was the fastest recorded so far in 2015" - Tim Moore, Markit Australian GDP surged to 4.3%, while analyst expectations were at 4.1%. Australian economy faces pressure as domestic demand and consumption remains low, followed by slowdown in China and lower global commodity prices. Crude Oil is trading lower at $59.95 on bets for US supply gain. Gold is trading lower in the Asia at 1187.06 while Silver is weak at 16.60 03rd June 2015 – 09:41hrs 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 June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bullish trend yesterday and is now trading above its 20day moving average of 0.7768 in the Asian trading session. The near term bias remains Bullish with targets of 0.7800 with some correction expected in the European trading session. STOCH (9, 6), RSI (14), CCI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 0.7739 while Resistance is at 0.7818 03rd June 2015 – 07:03hrs GMT USDJPY USDJPY had a bearish trend yesterday touching a low of 123.79 and is now trading below its 20day moving average of 124.07 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 123.50 RSI (14), STOCH (9, 6), MACD (12, 26), MA100 indicate a SELL; CCI (14), Ultimate Oscillator are Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 123.75 while Resistance is at 125.04 03rd June 2015 – 07:09hrs 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 June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD had a strong bullish trend and is trading above its 20day moving average of 1.1146 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.1250 to 1.1300 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.1097 while Resistance is at 1.201 03rd June 2015 – 06:54hrs GMT GBPUSD GBPUSD had a bullish trend yesterday and is currently trading above its 20day moving average of 1.5335 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5400 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, CCI (14), MA100 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.5269 while Resistance is at 1.5385 03rd June 2015 – 06:59hrs 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 Market Analysis – 02nd June, 2015 By FxGrow Research & Analysis Team US ISM Manufacturing Index Increased to a 3-month high in May US Institute for Supply Management (ISM) manufacturing index increased to a 3-month high in May as manufacturing activity in the US expanded at a faster pace than expected. US Manufacturing expanded in May as the PMI registered 52.8 percent, an increase of 1.3 percentage points over the April reading of 51.5 percent, indicating growth in manufacturing for the 29th consecutive month. US consumer spending remained flat in April as households cut back on purchases of luxury items and continued to increase savings. "While the US economy still looks set to rebound from the decline seen in the first quarter, the extent of the second quarter recovery therefore remains highly uncertain and could well disappoint. It therefore remains too early to take a reliable reading on the health of the economy and the data flow over the summer will be crucial in determining the timing of the first Fed rate hike." - said Chris Williamson, Chief Economist at Markit. The Reserve Bank of Australia kept interest rates unchanged at a record low 2.0 percent, in line with analysts' expectations. Following the news Australian dollar remained bullish and AUDUSD touched a high of 0.7700 "There are a lot of factors influencing the currency. One of those is probably tomorrow, the GDP number for the first quarter. It's probably going to be very strong," Matthew Circosta, an analyst at Moody's Analytics, told CNBC. "But moving forward, you'll see that Aussie dollar weakness coming through in the next few months, because the U.S. is going to be raising interest rates." UK manufacturing activity increased in May to 52.0 which accounts for about 10% of the UK economy. "Expectations of a broad rebound in U.K. economic growth during the second quarter of the year is called into question by these readings" – said Rob Dobson, senior economist at Markit. Greek debt negotiations continue between Greece and its European creditors. IMF chief Christine Lagarde, ECB president Mario Draghi, French president Francois Hollande and European Commission president Jean-Claude Juncker met yesterday to give out an offer for Greece to consider. Crude Oil is trading higher at $60.90 ahead of weekly US supply data. Gold is trading lower in the Asia at 1187.26 while Silver is weak at 16.65 02nd June 2015 – 09:54hrs 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 June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bearish trend yesterday touching a low of 0.7598 but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 0.7630 in the Asian trading session. The near term bias remains Bullish with targets of 0.7750 STOCH (9, 6) is Neutral; STOCHRSI (14), RSI (14), CCI (14) are Overbought; MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 0.7625 while Resistance is at 0.7712 02nd June 2015 – 07:07hrs GMT USDJPY USDJPY had a Bullish tone yesterday touching a high of 124.90 but since then it has come down and is trading below its 20day moving average of 124.67 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 124.30 to 124.10 RSI (14) is Neutral; STOCH (9, 6), CCI (14), ADX (14), ROC, Ultimate Oscillator indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 123.59 while Resistance is at 124.33 02nd June 2015 – 07:12hrs 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 June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD touched a low of 1.0886 yesterday but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 1.0929 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.0970 to 1.1000 RSI (14) is Neutral; ADX (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.0912 while Resistance is at 1.0956 02nd June 2015 – 06:51hrs GMT GBPUSD GBPUSD had a bearish trend yesterday and touched a low of 1.5169 but has recovered since then and has now entered the bullish trend trading above its 20day moving average of 1.5208 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5240 to 1.5260 RSI (14), STOCH (9, 6) are Neutral; ADX (14), Ultimate Oscillator, ROC, MA20 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5169 while Resistance is at 1.5269 02nd June 2015 – 06:56hrs 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 – 01st June, 2015 By FxGrow Research & Analysis Team Euro Drops amid ongoing Greece talks Euro is trading lower against all its counterparts amid concerns that Greece will be unable to repay over €300 million due to the IMF on June 5 and a possible exit from the Eurozone. Euro recovery seems to have lost steam as concerns are rising over a possible Greek default if it is unable to reach a deal with its European creditors soon. Greek negotiations are going on as its creditors are pressing for action in areas including the pension system, labor market and sales tax. Greek Prime Minister Alexis Tsipras has said “The lack of an agreement so far is not due to the supposed intransigent, uncompromising and incomprehensible Greek stance. It is due to the insistence of certain institutional actors on submitting absurd proposals and displaying a total indifference to the recent democratic choice of the Greek people". Germany's EU Commissioner Guenter Oettinger said "We will need progress at the working group level, in order that we can agree on a reform agenda, perhaps even by the end of the week, which would trigger the payment of the last tranche of aid from the current aid program". "Greek debt yields provide only a rough guide, and although a missed deadline will not spell default, market concern remains high. It's difficult to quantify how much the currency market has factored in the possibility of Greece missing the June 5 repayment deadline" said Shinichiro Kadota, chief Japan Forex strategist at Barclays in Tokyo. China HSBC Manufacturing PMI for May came at 49.2 in line with analyst expectations. Annabel Fiddes, Economist at Markit, on the HSBC PMI, said it "signaled a further deterioration in the health of China's manufacturing sector in May." In Japan, capital spending for non-financial firms jumped 7.3% in the first quarter, while Japan manufacturing for May was steady at 50.9 as expected. Euro zone’s Manufacturing PMI fell to 52.2 while analyst expectations were at 52.3 Germany’s Manufacturing PMI fell to 51.1 while analyst expectations were at 51.4 Crude Oil is trading higher at $59.85 as traders await OPEC meeting in Vienna on June 5. Gold is trading lower in the Asia at 1187.22 while Silver has recovered its losses at 16.68 01st June 2015 – 09:31hrs 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 – 01st June, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD remained bearish last week touching a low of 0.7619; since then it has recovered and is trading above its 20day moving average of 0.7651 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 0.7700 MACD (12, 26) is Neutral; RSI (14), STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, MA50, ADX (14) indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 0.7624 while Resistance is at 0.7673 01st June 2015 – 07:02hrs GMT USDJPY USDJPY had a Bullish tone last week touching a high of 124.45; but since then it has come down and is trading above its 20day moving average of 124.10 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 124.50 to 124.75 STOCHRSI (14), CCI (14) are Neutral; RSI (14), MACD (12, 26), ROC, Ultimate Oscillator, MA100, MA200 indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 123.59 while Resistance is at 124.33 01st June 2015 – 07:21hrs 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 – 01st June, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD closed the weekend higher at 1.0989 but has now entered the bearish trend trading below its 20day moving average of 1.0969 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 1.0900 to 1.0880 RSI (14), MACD (12, 26) are Neutral; ADX (14), STOCHRSI (14), CCI (14), STOCH (9, 6), ADX (14), ROC indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.0928 while Resistance is at 1.1005 01st June 2015 – 06:50hrs GMT GBPUSD GBPUSD continued in its bearish trend last week touching a low of 1.5235 and is trading below its 20day moving average of 1.5283 in the Asian trading session. The near term bias remains Neutral to Bearish with targets of 1.5200 RSI (14), CCI (14), ADX (14) are Neutral; STOCHRSI (14), MACD (12, 26), MA200 indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5235 while Resistance is at 1.5332 01st June 2015 – 06:56hrs 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 – 29th May, 2015 By FxGrow Research & Analysis Team US Initial Jobless Claims Rise, Pending Home Sales reach a 9-Year High In US the number of Americans filing for Initial Jobless benefits rose last week to 282K while analyst expectations were at 270K. US pending home sales soared to a nine-year high in April in a strong start to the prime spring season, according to the National Association of Realtors. The National Association of Realtors said its Pending Home Sales Index rose 3.4% in April to a level of 108.7 which is the highest level since May 2006. Jim O'Sullivan, US economist said "Housing is an important reason why the trend in growth looks much stronger for non-manufacturing and the overall economy, than for manufacturing now". This uptrend in home sales came after a growth in US Jobs sector, which has increased demand to buy houses. UK GDP expanded by 0.3% while analyst expectations were for a 0.4% increase. Economic growth slowed due to the service sector performing worse than expected and a widening UK trade deficit. In Japan Inflation and Industrial production increased more than expected. Japan's Industrial production increased 1.0% in April, while inflation data showed the CPI moving higher 0.2% in May. USD/JPY is steady at 13-year highs due to increased demand for US Dollar and the indications that the US economy is gaining momentum after a slowdown in the first quarter. NZDUSD fell to 0.7115 undermined by New Zealand's lac of business optimism and estimates of inflation below the central bank's target. In a report, European Central Bank said that Euro Zone M3 Money Supply rose to 5.3%. It is the amount of domestic currency in circulation and deposited in banks. The Euro Zone Consumer and Business Confidence was stable in May at 103.8, overall economic sentiment was mixed across the Euro zone. While it improved in Germany, France, and the Netherlands, it dropped in Italy and Greece. Howard Archer, Chief UK and European Economist said "The fact that overall Eurozone economic sentiment held up well in May could ease concern that the Eurozone's recovery is starting to flag as the recent stimulus it has received is diluted by a recent firming in the euro, oil prices and bond yields from very low levels". Crude Oil is trading higher at $58.60 after US Crude Stockpile fell for 4th Week. Gold is trading stronger in the Asia at 1189.63 while Silver has recovered its losses at 16.75 29th May 2015 – 09:32hrs 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 Market Analysis – 28th May, 2015 By FxGrow Research & Analysis Team Greek deal hopes lift Euro, Greek bonds, Markets European stocks, Greek bonds and Euro are moving higher as news reports from Bloomberg have indicated that Greece is close to reach a deal with its European creditors. Globally markets are recovering with Major Indices ending in Green, and Euro is trading at 1.0926 up 100 pips from the yesterday's low of 1.0818 Greek Prime Minister Alexis Tsipras said "We have made many steps. We are on the final stretch towards a positive deal. This agreement will be positive for the Greek economy, this agreement will redistribute the financial burdens and I believe that, very soon, we will be in a position to present more information". The Bank of Canada kept its rate unchanged at 0.75% as per the market expectations. BOC stated "Despite the recent back-up in global bond yields financial conditions for Canadian households and firms remain highly simulative. The Canadian dollar has strengthened in recent weeks in the context of higher oil prices and a softer U.S. dollar". In Japan's Retail Sales rose to 5% from the previous year and USDJPY hits a 13 year high of 124.30 on the backdrop of economic recovery in the US and expectations of a FED rate hike later this year. In Germany Consumers’ confidence reached the highest level since 2001. The GfK Consumer sentiment rose to 10.2 in May. Very robust domestic demand in Germany and low inflation rates have caused economic expectations and willingness to buy to further improve again. Tough negotiations on the future of Greece in the euro area, the Ukraine crisis, and IS terrorism could noticeably dampen consumption in Germany. Crude Oil is trading lower at $57.96 on account of strong US Dollar. Gold prices are lower in Asia at 1190.04 while Silver has recovered its losses at 16.72 28th May 2015 – 09:03hrs 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 – 28th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD continues its bearish trend trading below its 20day moving average of 0.7713; currently the pair is trading at 0.7704 in the Asian trading session. The near term bias remains bearish with targets of 0.7650 RSI (14), STOCH (9, 6), STOCHRSI (14), MACD (12, 26), ROC indicate a SELL; while Average True Range (14) indicates High Volatility. Support is at 0.7660 while Resistance is at 0.7748 28th May 2015 – 06:20hrs GMT USDJPY USDJPY continued its bullish trend yesterday touching a high of 124.21; the pair is trading lower at 123.74 in the Asian trading session just above its 20day moving average of 123.80; the near term bias remains Neutral but overall scenario remains Bullish. RSI (14), STOCH (9, 6), ADX (14), CCI (14) are Neutral; MACD (12, 26) indicates a BUY; while Average True Range (14) indicates High Volatility. Support is at 122.76 while Resistance is at 124.28 28th May 2015 – 06:26hrs 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 – 28th May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD came down yesterday to touch a low of 1.0819 and since then it has recovered trading above its 20day moving average at 1.0922 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.0960 to 1.0980 RSI (14), ADX (14), CCI (14), MACD (12, 26), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.0818 while Resistance is at 1.0947 28th May 2015 – 05:54hrs GMT GBPUSD GBPUSD came down yesterday touching a low of 1.5300 and has pulled back above its 20day moving average to trade at 1.5365 in the Asian trading session. The near term bias remains Neutral to Bullish with sideways movements expected in the European trading session. RSI (14) is Neutral; STOCHRSI (14) is Overbought; STOCH (9, 6), ADX (14), CCI (14), ROC indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.5300 while Resistance is at 1.5392 and 1.5396 28th May 2015 – 06:02hrs 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.