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Daily Market Analysis – 27th May, 2015 By FxGrow Research & Analysis Team Greek Talks Continue with G7 meeting in Dresden G7 Finance ministers and Central bank chiefs begin a three-day meeting in Dresden today. Greece will be discussed and markets are looking for cues from the today’s meeting. As time is running out Greece is close to a default on its next debt repayment to the International Monetary Fund. Greece needs to repay €300m on 5 June, with €1.6 billion in total due to be repaid to the IMF next month. An official from Eurozone stated “There is the possibility of putting together several payments that Greece would need to make to the IMF in the course of June and then just make one payment.” The Greek finance minister Yanis Varoufakis said ""It would be a disaster for everyone involved. It would be a disaster primarily for the Greek social economy, but it would also be the beginning of the end of the common currency project in Europe". The IMF's MD Christine Lagarde said that an extension will not be granted, even with additional economic reforms, and that no developed nation has defaulted on the IMF in 30 years. In UK retail sales growth surged in May to +51 while analyst expectations were at +17. UK Confederation of British Industry's Director said "Low inflation, which we expect to remain below 1% for the rest of the year, has given household incomes a much-needed boost and greater spending power". Bank of Japan said that risks to Inflation are on the downside and Growth is slow. According to the minutes released by BOJ "With regard to the baseline scenario for prices, many members expressed the view that there was considerable uncertainty, mainly in developments in medium- to long-term inflation expectations, and risks on the price front were skewed to the downside". FED Vice Chairman Stanley Fischer stated "The tightening of U.S. policy will begin only when the US expansion has advanced far enough - when we have seen further improvement in the labor market and when we are reasonably confident that the inflation rate will rise to our 2% goal. If foreign growth is weaker than anticipated, the consequences for the US economy could lead the Fed to remove accommodation more slowly than otherwise". Crude Oil is trading lower at $58.90 on account of strong US Dollar. Gold prices are lower in Asia at 1188.99 while Silver is flat at 16.78 27th May 2015 – 08:40hrs 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 – 27th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD had a bearish trend yesterday touching a low of 0.7724; the pair has recovered in the Asian trading session trading at 0.7763 above its 20day moving average. The near term bias is Neutral to Bullish with targets of 0.7800 STOCH (9, 6), ADX (14), CCI (14), ROC, Ultimate Oscillator indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7725 while Resistance is at 0.7801 27th May 2015 – 06:26hrs GMT USDJPY USDJPY had a bullish trend yesterday touching a high of 123.31; the pair is trading lower at 122.92 in the Asian trading session below its 20day moving average. The near term bias remains Neutral to Bearish with targets of 122.50 STOCH (9, 6), ADX (14) are Neutral; CCI (14), Ultimate Oscillator indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 121.77 while Resistance is at 123.31 27th May 2015 – 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 – 27th May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD had a bearish trend yesterday touching a low of 1.0862; in the Asian trading session the pair has recovered and is trading at 1.0912 above its 20day moving average. The near term bias remains Neutral to Bullish with targets of 1.0950 to 1.0980 RSI (14), ADX (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.0862 while Resistance is at 1.0926 27th May 2015 – 06:16hrs GMT GBPUSD GBPUSD had a bearish trend yesterday touching a low of 1.5353; in the Asian trading session the pair has recovered and is trading at 1.5425 above its 20day moving average. The near term bias remains Neutral to Bullish with targets of 1.5450 to 1.5470 RSI (14), ROC, Ultimate Oscillator indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5352 while Resistance is at 1.5456 and 1.5479 27th May 2015 – 06:19hrs 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 – 26th May, 2015 By FxGrow Research & Analysis Team US Dollar strong on prospects of a FED Rate Hike Federal Reserve Vice Chairman Stanley Fischer said on Monday that "If the US Economy is growing very, very slowly we will wait. If the economy is growing faster we will do it quicker". Fischer said that FED expects the interest rate will reach 3.25 to 4 percent by 2017-2018. He further stated - "What we are thinking about is raising the interest rate from zero, which is an ultra-expansionary monetary policy to a quarter percent, which is an extremely expansionary monetary policy. This will be a gradual process". US Dollar continues its Bull Run as Federal Reserve keeps its door open for a Fed rate hike. Euro has dropped below 1.0900 in the Asian trading session amid fears of Greece inability to pay the IMF loan next week and the outcome of the Spanish regional elections. Meanwhile Greek debt talks have resumed and officials have expressed confidence that Greece was close to a deal with its European creditors. In Athens, government spokesman Gavriil Sakellaridis stated "We want to be consistent with our obligations and so we are striving for a deal so the economy can get some relief". The US Dollar hit an eight-year high of 122.68 against the yen as it is expected that Federal Reserve will raise interest rates later this year. Bank of Japan Governor Haruhiko Kuroda stated "The latest data point can be interpreted as confirming that underlying inflation in Japan has been improving significantly, although the firmness is currently masked by the temporary negative impact of the sharp decline in oil prices". The New Zealand dollar lost ground as its Trade Surplus shrank in April due to decline in its exports to China. New Zealand's trade surplus shrank to NZ$123 million in April while analyst expectations were at $NZ100 million. Crude Oil is trading at $59.40 after Iran's Oil Minister stated that the OPEC will maintain its monthly oil production limit. Gold prices are lower in Asia at 1196.25 on the prospect of a Federal Reserve rate hike this year while Silver is down at 16.80 26th May 2015 – 08:31hrs 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 – 26th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD is in a consolidation phase trading below its 50day moving average of 0.7838 The pair is trading at 0.7828 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7800 to 0.7750 RSI (14) is Neutral; STOCH (9, 6), STOCHRSI (14), CCI (14), ROC indicate a SELL; while Average True Range (14) indicates High Volatility. Support is at 0.7802 while Resistance is at 0.7840 26th May 2015 – 06:04hrs GMT USDJPY USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average of 121.63 in the Asian trading session. The near term bias remains Bullish with targets of 122.40 STOCH (9, 6), CCI (14), MACD (12, 26), ROC indicate a BUY; STOCHRSI (14), RSI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 121.47 while Resistance is at 121.98 26th May 2015 – 06:07hrs 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 – 26th May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD continues its bearish trend trading below its 20day moving average of 1.0966 The pair is currently trading at 1.0933 in the Asian trading session. The near term bias remains bearish with targets of 1.0900 to 1.0850 MACD (12, 26), RSI (14), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.0926 while Resistance is at 1.0959 26th May 2015 – 05:40hrs GMT GBPUSD GBPUSD remains in a bearish trend trading below its 20day moving average of 1.5464 The pair is trading at 1.5449 in the Asian trading session. The near term bias remains bearish with targets of 1.5400 to 1.5350 RSI (14), MACD (12, 26), ROC, ADX (14), indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.5430 while Resistance is at 1.5497 26th May 2015 – 05:57hrs 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.

Daily Market Analysis – 25th May, 2015 By FxGrow Research & Analysis Team Euro under pressure as Greece is set to default on Debt Repayment Loans Greece is set to default on Debt repayment loans of €1.6billion which are due to IMF next month as it does not have the funds. Greek Interior minister, Nikos Voutsis said that Greece needs to strike a deal with its European creditors soon or it would default on repayments to the International Monetary Fund. He said "This money will not be given and is not there to be given.” If Greece is unable to repay its loans to the IMF, it would deepen the country’s economic crisis, force capital controls and foreclosure of Greek banks. Euro is under pressure as Greek debt issue remains unresolved trading at 1.0976 in the Asian trading session. Outcome of the elections in Spain also weigh down on Euro with expectations of low liquidity amid market holidays in the UK, Germany and the US. In USA Consumer Price Index rose 0.1% in the month of April, while CPI YoY rate remained negative, at -0.2% in April. The annual increase in core prices remained unchanged at 1.8%. US Core Inflation in April, excluding Food and Energy, showed the biggest gain since January 2013. Federal Reserve Chairwoman Janet Yellen said on Friday "If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target". With upbeat US Inflation data and comments made by Yellen US Dollar strengthened against its major counterparts on Friday with EURUSD falling more than 200pips from its high of 1.1197 Crude Oil is trading at $59.60 on account of strong US Dollar ahead of US holiday. Gold prices are flat in Asia at 1203.57 on the prospect of a Federal Reserve rate hike this year while Silver is down at 17.02 25th May 2015 – 08:09hrs 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 – 25th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD came down on Friday and is trading below its 20day moving average of 0.7828 The correction has subdued in the Asian trading session with the pair trading at 0.7817 The near term bias is Neutral to Bearish within range of 0.7830 to 0.7750 STOCH (9, 6), CCI (14) are Neutral; RSI (14), MACD (12, 26), ROC indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7802 while Resistance is at 0.7851 and 0.7860 25th May 2015 – 05:44hrs GMT USDJPY USDJPY is in continuation of its Bullish trend with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains Bullish with targets of 122.00 STOCH (9, 6), CCI (14), MACD (12, 26), ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 120.82 while Resistance is at 121.77 25th May 2015 – 05:49hrs 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 – 25th May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD came into a bearish trend on Friday coming down below its 20day moving average. The pair is currently trading at 1.0978 in the Asian trading session. The near term bias remains bearish with targets of 1.0950 to 1.900 MACD (12, 26), RSI (14), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.0964 while Resistance is at 1.1065 25th May 2015 – 05:26hrs GMT GBPUSD GBPUSD started its bearish trend on Friday coming below its 20day moving average. The pair is trading at 1.5475 in the Asian trading session. The near term bias remains bearish with targets of 1.5450 to 1.5400 RSI (14), MACD (12, 26), ROC, ADX (14), indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5456 while Resistance is at 1.5521 25th May 2015 – 05:33hrs 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 – 22nd May, 2015 By FxGrow Research & Analysis Team Bank of Japan leaves monetary policies unchanged The Bank of Japan left monetary policies unchanged as its economy grew more than expected in the first quarter. Policymakers have kept the central bank's annual 80 trillion yen monetary easing programme in place after a two-day meeting. BOJ stated that "private consumption has been resilient against the background of steady improvement in the employment and income situation. The year-on-year rate of increase in the CPI is likely to be around zero percent for the time being, due to the effects of the decline in energy prices". In Eurozone, the negotiations between Greece, Germany and France have ended without any signs of an agreement to release the EUR 7.2billion in financial aid to Greece. Greece’s new government is still to reach an agreement with its European creditors over its €240 billion bailout program. Rising concerns over the ability of the Greek government to repay its debts and remain in the Euro is worrying investors worldwide. In US Existing home sales fell by 3.3% to 5.04 million while market expectations were at 5.23 million. US initial claims rose by 10k to 274,000 in the week ending May 16, 2015. Germany’s GDP rose to 0.3% in line with the analyst expectations. According to the data the German's economy entered 2015 with a relaxed pace of expansion. In Euro Zone Manufacturing Activity continues to recover as services sector enjoyed a healthy expansion. ECB stated that "Overall, members agreed that emphasis needed to be placed on a steady course of monetary policy" and that the central bank's asset buying programme yielded intended results. In news coming from Greece it says that it expects to reach a deal with its creditors within 10 days and meet all its payments in June. NYMEX Crude is down in Asia to $60.65 as investors await US data on drilling activity. Gold prices have bounced in Asia currently trading at 1208.96 while Silver is strong at 17.19 22nd May 2015 – 07:19hrs 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 – 22nd May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD is in a Bullish tone in the Asian trading session trading above the 50day moving average. The near term bias is Neutral to Bullish within range of 0.7960 to 0.7990 with some correction expected in the European trading session. STOCH (9, 6), ADX (14), CCI (14), MACD (12, 26), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7876 while Resistance is at 0.7921 and 0.7949 22nd May 2015 – 04:52hrs GMT USDJPY USDJPY is trading lower in the Asian trading session below its 20day moving average. The near term bias remains Bearish with targets of 120.50 to 120.20 STOCH (9, 6), ADX (14), MACD (12, 26), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 120.70 while Resistance is at 121.25 22nd May 2015 – 05:02hrs 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.

Daily Technical Analysis – 22nd May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD is in continuation of its Bullish phase with the pair trading above its 20day moving average in the Asian trading session. The near term bias remains bullish with targets of 1.1200 to 1.1250 MACD (12, 26), RSI (14), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1097 while Resistance is at 1.1180 22nd May 2015 – 04:38hrs GMT GBPUSD GBPUSD is in the consolidation phase with the pair trading above its 20day moving average in the Asian trading session. Sideways movements are expected in the European trading session. The near term bias remains bullish with targets of 1.5700 to 1.5750 RSI (14), MACD (12, 26), ROC, ADX (14), STOCHRSI (14) indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.5551 while Resistance is at 1.5700 22st May 2015 – 04:47hrs 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 – 21st May, 2015 By FxGrow Research & Analysis Team FOMC Minutes show reduced likelihood of June Rate Hike The Federal Open Market Committee (FOMC) minutes indicate a consensus that the weakness in Q1 growth was transitory and that some of the recent weakness in the pace of economic activity might persist. The minutes show a reduced likelihood of a June rate hike with only "a few" participants expecting conditions would justify raising the fed funds rate at that time. Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, al-though they generally did not rule out this possibility. However, most participants felt that the timing of the first increase in the target range for the federal funds rate would appropriately be determined on a meeting-by-meeting basis and would depend on the evolution of economic conditions and the outlook. In UK Bank of England minutes show consensus to maintain the benchmark interest rate at all-time low of 0.5% this month and to keep the size of the central bank's bond portfolio at 375 billion pounds. According to Bank of England "While there was a range of views over the most likely future path for bank rate, all members agreed that it was more likely than not that bank rate would rise over the three-year forecast period". In Canada wholesale sales rebounded in March which is a positive sign for Canada's economy. According to the Bank of Canada Governor- Stephen Poloz "Not only are the headwinds of the global financial crisis still blowing, but now we're also dealing with lower prices for oil and other key commodities, which previously were a key growth engine for us". Crude Oil is higher in the Asian trading session at 59.34$ as Fed suggested that a rate hike in June is unlikely. Gold is trading lower this morning at 1210.33 while Silver is up at 17.20 21st May 2015 – 07:58hrs 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 – 21st May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD is in a Bullish tone in the Asian trading session trading above the 20day moving average. The near term bias is Neutral to Bullish within range of 0.7950 to 0.7980 with some sideways movements expected in the European trading session. STOCH(9,6), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7860 while Resistance is at 0.7921 and 0.7937 21st May 2015 – 05:20hrs GMT USDJPY USDJPY was higher yesterday crossing its 20 day moving average at 121.14 In the Asian trading session it has entered into a bearish correction. The near term bias remains Bearish with targets of 120.80 to 120.60 STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 120.82 while Resistance is at 121.47 21st May 2015 – 05:27hrs 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 Technical Analysis – 21st May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD remained indecisive yesterday but closed lower at 1.1091 In the Asian trading session the pair is in a Bullish momentum and the near term bias remains bullish with targets of 1.1200 to 1.1250 STOCH(9,6), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI(14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1061 while Resistance is at 1.1130 21st May 2015 – 05:07hrs GMT GBPUSD GBPUSD remained sideways yesterday and is trading above the 20 day moving average. The near term bias remains bullish with targets of 1.5590 to 1.5620 RSI (14), MACD (12, 26), ROC, ADX (14) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5497 while Resistance is at 1.5587 21st May 2015 – 05:14hrs 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 – 20th May, 2015 By FxGrow Research & Analysis Team Euro collapses after ECB Plans to Increase Bond Purchases The European Central Bank plans to increase bond purchases as a part of its €1.1 trillion program in the coming weeks. This assured the investors globally that ECB will take necessary steps to meet their monthly bond-purchase target of €60 billion. The comments made by ECB board member Benoit Coeure triggered a rally in European stock and bond markets and weakened the Euro. Coeure also hinted that ECB may push interest rates further below zero when deciding monetary policy. The ECB has to decide whether it is willing to apply haircuts on debt it will accept from Greek banks under its ELA program as it will not risk a meltdown of Greek banks. Greece is running out of time as it has just two weeks before it runs out of cash and defaults, since its next payment is due on 5th of May. Soon after the news EURUSD came under heavy selling pressure and is currently trading below 1.1100 in the Asian trading session. In Germany Investor sentiment fell for the second month. The ZEW German Economic sentiment fell to 41.9 while analyst expectations were at 49.0 Germany’s Producer Price Inflation rose to 0.1% while analyst expectations were for a rise of 0.2% In UK Inflation turned negative for the first time since 1960, as per expectations of the Bank of England GBP Consumer Price Index fell to -0.1% in April. In US Housing Starts and Building Permits surged more than expected in the month of April. According to Ted Wieseman, an economist at Morgan Stanley "The strong rebound in housing starts confirmed expectations for housing to accelerate substantially in the second quarter and be a stand-out growth contributor amid otherwise sluggish indications for a pickup in GDP growth". In Japan Economy grew more than expected to 2.4% in first quarter. According to Marcel Thieliant, a Japan economist at Capital Economics "The acceleration in GDP growth last quarter was mostly due to a jump in inventories, and a range of indicators point to a slowdown in the second quarter". Crude Oil is higher in the Asian trading session at 58.81$ ahead of the EIA's weekly Crude Oil data. Gold is trading lower this morning at 1207.14 while Silver is up at 17.10 20th May 2015 – 07:55hrs 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 – 20th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD continues its bearish trend dropping below 0.7900 in the Asian trading session. The near term bias is Neutral to Bearish within range of 0.7880 to 0.7840 with some sideways movements expected in the European trading session. RSI (14), MACD (12, 26) indicate a SELL; ADX (14) and CCI (14) are Neutral; STOCHRSI (14) is overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7896 while Resistance is at 0.7975 and 0.8032 20th May 2015 – 05:32hrs GMT USDJPY USDJPY maintains its Bullish tone crossing 120.95 in the Asian trading session. Some correction in prices and sideways movements are possible in the European trading session. The near term bias remains Bullish with targets of 121.50 to 122.00 RSI (14), MACD (12, 26), ADX (14), STOCH (9, 6) indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 120.28 while Resistance is at 121.17 20th May 2015 – 05:40hrs 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 – 20th May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD had a strong bearish momentum yesterday falling below 1.1150 to trade at 1.1129 in the Asian Trading session. The near term bias remains bearish with targets of 1.1100 to 1.1050 RSI (14), MACD (12, 26), ADX (14), CCI (14) indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.1117 while Resistance is at 1.1265 and 1.1288 20th May 2015 – 05:11hrs GMT GBPUSD GBPUSD is moving in a bearish momentum with the pair testing 1.5460 yesterday. It is expected to move in a low range and the near term bias remains bearish with targets of 1.5450 to 1.5400 RSI (14), MACD (12, 26), ROC, ADX (14) indicate a SELL; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility. Support is at 1.5444 while Resistance is at 1.5556 20th May 2015 – 05:26hrs 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.

About FxGrow FxGrow is an international online brokerage firm under the brand name of Growell Capital, catering the needs and interests of investors. Powered by the STP & ECN It’s our cutting-edge technology that makes a difference FxGrow strives to provide the traders with the best possible trading conditions. In order to accommodate the different needs, levels of trading experience, investment capital or risk management skills of different traders, FxGrow offers two types of accounts: ECN & ECN Plus, both powered by the STP and ECN technologies. All FxGrow accounts can be Islamic (Swap-free). Minimum Deposit: $100 Maximum leverage: 1:200 Spreads: Variable raw spreads, starting 0.00001 on EURUSD for ECN Plus account Hedging: Allowed Scalping: Allowed Expert Advisor: Allowed Platforms: • MT4 • NetStation Trading Instruments: • FX Majors, Minors • CFDs • Energies • Metals • Single Stocks Multilingual Support: available 24/5 via LiveChat, Skype, E-mail ( support@fxgrow.com ) and Phone. Deposits/Withdrawals: VISA, MasterCard, Neteller, Skrill, OKPay, CashU, Bank Wire, Western Union IMPORTANT: FxGrow bears the transfer fees for deposits that exceed $1000 Headquarters: 17 Spyrou Kyprianou Ave, 4001 Limassol, Cyprus. Regulations: FxGrow is authorized and regulated by the Cyprus Securities and Exchange Commission ("CySEC") as a CIF limited company with a license number 214/13. FxGrow operates under the EU Markets in Financial Instruments Directive (MiFID). FxGrow is also governed by directives set out by MiFID European Union: MiFID, Markets in Financial Instruments Directive England: FCA, Financial Conduct Authority - Ref. number: AV/FOS/MiFID/628755 France: ACPR, BANQUE DE FRANCE EUROSYSTEME - License number: 74965 Germany: BaFin, Bundesanstalt fur Finanzdienstleistungsaufsicht - Ref. number: WA37-K 5000-138982-2014/0001 Greece: HCMC, Hellenic Capital Market Commission - Ref. number: 2703 Poland: KNF, Polish Financial Supervision Authority - Ref. number: 2590060 Norway: FINANSTILSYNET, The Financial Supervisory Authority of Norway - Ref. number: NCB 342 Sweden: FI, Finansinspektionen - Ref. number: 14-10518 Spain: CNMV, La Comisión Nacional del Mercado de Valores - Ref. number: 3755

Daily Market Analysis – 19th May, 2015 By FxGrow Research & Analysis Team Asian markets and Euro lower on Greece concerns Asian markets are down on renewed concerns over Greece and Euro remains under pressure trading below 1.1300 Investors fear of a Greek bankruptcy as the Greek Prime Minister Alexi Tsipras said the country is running out of funds. Greek Finance minister said on Monday that it is getting closer to a deal with its lenders that would help it meet debt repayments next month. The possibility of a Greek default or exit from the Eurozone can cause big intraday swings and High volatility in the coming weeks. Eurozone is due to release German ZEW Economic sentiment and Euro-Zone CPI today, while UK will release its Consumer Price Index and Retail Price Index. The Australian dollar sank after the Reserve Bank of Australia released minutes showing the board continued to see it as too strong given the current economic conditions. The RBA said that further interest rate cuts are possible stating that members did not see this as limiting the board's scope for any action that might be appropriate at future meetings. NZDUSD was up after the RBNZ reported higher inflation expectations going forward. The central bank said expectations were for a gain of 1.32% from 1.11% seen in the first quarter. Crude Oil is down at 59.73$ due to a stronger US Dollar and the news that Saudi exports reached a 7-year high. Gold is trading lower this morning at 1219.70 while Silver is weak at 17.39 19th May 2015 – 07:29hrs 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 – 19th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD remained bearish yesterday coming down below 0.8000 In the Asian trading session the pair touched a low of 0.7960 but then it rebounded to 0.7990 The near term bias remains Neutral to Bullish with sideways movements expected in the European trading session. RSI (14), CCI (14) are Neutral; STOCH(9,6), ADX(14) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7966 while Resistance is at 0.8026 and 0.8032 19th May 2015 – 04:51hrs GMT USDJPY USDJPY is in a Bullish trend with the pair crossing 120.00 in the Asian trading session. The near term bias remains Neutral to Bullish within range of 120.00 to 120.50 RSI (14), MACD (12, 26), ADX (14) indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 119.82 while Resistance is at 119.99 19th May 2015 – 04:56hrs 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 Technical Analysis – 19th May, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD started its bearish trend yesterday and came below its support level of 1.1322 In the Asian trading session it touched 1.1300 levels today. The near term bias is bearish but overall scenario remains bullish with targets of 1.1450 to 1.1500 RSI (14), MACD (12, 26), STOCH (9, 6), CCI (14) indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 1.1288 while Resistance is at 1.1391 and 1.1449 19th May 2015 – 04:36hrs GMT GBPUSD GBPUSD is in a bearish momentum with the pair trading at 1.5650 in the Asian trading session. The near term bias remains Neutral to bearish with some sideways movements possible in the European trading session. Overall scenario remains bullish with targets of 1.5700 to 1.5750 RSI (14), MACD (12, 26), ROC indicate a SELL; STOCH (9, 6) and CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility. Support is at 1.5632 while Resistance is at 1.5700 and 1.5709 19th May 2015 – 04:45hrs 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 – 18th May, 2015 By FxGrow Research & Analysis Team US Dollar tumbles on concerns over US Economy On Friday University of Michigan Confidence survey fell for the month of May indicating that there is no robust rebound in the US economy. The consumer sentiment index was 88.6 for May as against the analyst expectations of 95.9 US Economy faces reduced production and employment from lower oil prices, falling exports, and rising imports from a stronger dollar. US Industrial production fell 0.3% in April for a fifth month pushing down the dollar and U.S. bond yields. Asian markets are down on Monday and US Dollar stays weak amid a basket of major currencies after weak signs from the US Economy. Globally investors are concerned over the weakness of the US economy, slowdown in China and problems in the Eurozone. Rise in the Euro zone debt yields is supporting the EURUSD which is trading above 1.1400 in the Asian trading session. In Japan Industrial production fell to -0.8% while analyst expectations were at -0.3% for the month of April. In Canada manufacturing sales climbed to 2.9% in March which was above the market expectations of a 1.0% gain. Crude Oil is higher trading above 61.30$ amid news of conflicts in Yemen and Iraq. Gold remains bullish trading at 1227.94 in the Asian trading session, while Silver is strong at 17.66 18th May 2015 – 07:18hrs 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 – 18th May, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD is in bearish trend trading at 0.8017 in the Asian trading session. The support level of 0.8000 could easily be broken in the European trading session with targets of 0.7950 to 0.7920 today. RSI (14), MACD (12, 26), CCI (14), STOCHRSI (14) indicate a SELL; while Average True Range (14) indicates Less Volatility. Support is at 0.7995 while Resistance is at 0.8067 18th May 2015 – 04:49hrs GMT USDJPY USDJPY has started its bullish trend with the pair trading above 119.50 in the Asian trading session. The near term bias is Neutral to bullish with targets of 120.20 RSI (14), MACD (12, 26), STOCH (9, 6) indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 119.46 while Resistance is at 119.82 and 119.92 18th May 2015 – 04:54hrs 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.