Risk warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your
deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the
risks involved.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this
website are provided on an “as-is” basis, as general market commentary and do not constitute investment advice. The
market commentary has not been prepared in accordance with legal requirements designed to promote the independence
of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination.
Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or
prevent any conflicts of interests arising out of the production and dissemination of this communication. The
employees of FXCM commit to acting in the clients’ best interests and represent their views without misleading,
deceiving, or otherwise impairing the clients’ ability to make informed investment decisions. For more information
about the FXCM’s internal organizational and administrative arrangements for the prevention of conflicts, please
refer to the Firms’ Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and
Liability provision concerning the foregoing Information, which can be accessed
here.High Risk Investment Notice:
Trading forex/CFD's on margin carries a high level of risk and may not be suitable for all investors as you could
sustain losses in excess of deposits. Leverage can work against you. Be aware and fully understand all risks
associated with the market and trading. Prior to trading any products offered by
Forex Capital Markets Limited,
inclusive of all EU branches, FXCM Australia Pty. Limited,
FXCM South Africa (PTY) LTD, any affiliates of
aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully
consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia
Pty. Limited ("FXCM AU") (AFSL 309763), you must read and understand the Financial Services Guide,
Product Disclosure Statement and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are
not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general
commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate
financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the
accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read
and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.
The FXCM Group is headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom. Forex Capital
Markets Limited ("FXCM LTD") is authorised and regulated in the UK by the Financial Conduct Authority. Registration
number 217689. Registered in England and Wales with Companies House company number 04072877. FXCM Australia Pty.
Limited ("FXCM AU") is regulated by the Australian Securities and Investments Commission, AFSL 309763. FXCM AU ACN:
121934432. FXCM South Africa (PTY) Ltd is an authorized Financial Services Provider and is regulated by the
Financial Sector Conduct Authority under registration number 46534. FXCM Markets Limited ("FXCM Markets") is an
operating subsidiary within the FXCM Group. FXCM Markets is not regulated and not subject to the regulatory
oversight that govern other FXCM Group entities, which includes but is not limited to the Financial Conduct
Authority, Financial Sector Conduct Authority, and the Australian Securities and Investments Commission. FXCM Global
Services, LLC is an operating subsidiary within the FXCM Group. FXCM Global Services, LLC is not regulated and not
subject to regulatory oversight.
