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Disclaimer: The information in this report constitutes market information and commentary only and is not intended as an offer or solicitation with respect to the purchase or sale of any currency. All such information is subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation or needs of any particular recipient. If you need to take investment advise, you should contact your independent financial adviser. While the information contained herein was obtained from sources believed to be reliable, the author of the report does not guarantee its accuracy or completeness, nor does the author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon such information or opinions. You should be aware that there is considerable exposure to risk in margined currency trading and such trading is only suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a total loss of initial capital.

The information in this report has been approved by GAIN Capital - FOREX.com UK Ltd for investors in the United Kingdom. Such investors should note that, if they transact business with FOREX.com, the rules made under the Financial Services and Markets Act 2000 for the protection of retail clients will not apply. FOREX.com is not covered by the United Kingdom Financial Services Compensation Scheme and investors in the United Kingdom will not accordingly be entitled to any compensation from the Scheme should FOREX.com be in default."

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