UWC Neeraj

31 OCTOBER 2012: ASIAN MARKETS ARE RECOVERING DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Today Asian stocks markets except for China are gaining in price. Better than the others looks Japanese Nikkei which has lost yesterday before closing of a trading session about 1%. The bank of Japan expanded yesterday the program of repayment of bonds on 11 trillion yens (to 91 trillion) that practically coincided with expectations, thus was declared that fight against a deflation is a priority task. Accordingly to a regulator estimates, by 2014 inflation in the country should reach level of 0,8%, but the target level is 1%. On this background investors safely can expect further continuous monetary easing policies in Japan. Meanwhile the Japanese yen continues some strengthening after last wave of decrease, and today currency pair USD/JPY already bargains at level 79,6 against 80 on Friday. Today the trading at the exchanges of USA should renew. The main blow of hurricane “Sandy” is over; the building of the New York stock exchange did not suffer. Investors with big tension expected information on renewal of the auctions - at the end of the week there is coming a lot of an important macroeconomic statistics. In the centre of attention there will be data on a labor market, the last one before the elections in the United States. In absence of the trading in the USA, the prices for oil following the results of last session showed multidirectional dynamics. The spread in December contracts between the Brent and WTI brands makes at present 23,4 dollars. Volumes naturally appeared essentially below averages. According to Reuters, owing to elements on east coast of the USA, 2/3 of all oil refining enterprises appeared closed. Besides, the stop touched also the largest oil pipeline. Nevertheless, already in the nearest future the situation should be stabilized. Today in the morning we can see Brent traded on 109.20 and Light on a level of 85.99. One of the world's largest investment companies BlackRock on Tuesday issued the review concerning the market of metals in which expressed opinion on an undervaluation of this type of raw materials. In their opinion, demand from China still remains high, despite decrease in growth rates of economy of Heavenly Empire, and the economic situation in Europe and the USA essentially improved. In this regard, in their opinion, it is possible to expect growth of cost of such goods, as copper, iron ore and others. We could already observe the result of this statement during Asian trading session; there metal companies were measurably growing this morning. Copyright: United World Capital

VIDEO MARKET REVIEWS 30 October 2012 : Daily Market Reviews from Kristina Leonova, Assistant of Vice-President about Daily Market

30 OCTOBER 2012: USA MARKETS WON'T WORK THE SECOND DAY IN A ROW BECAUSE OF THE HURRICANE "SANDY" DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Boards of USA have cancelled it work in connection with hurricane for the second day in a row for the first time in a century. So, on Tuesday, October 30, in the USA trading will not be held not only in shares and options, but also bonds. Also it has been reported that on Tuesday will be closed for citizens’ visits buildings of the federal government in Washington, and the staff of not emergency services will have holiday. Thus the personnel of the companies in the Wall Street will be presented at the New York offices in limited structure, the big part will spend the working day far off. It is necessary to note that the Ministry of Labor of the USA declared the intentions on report publication for October on Wednesday, as it is planned according to the schedule, despite the problems connected with hurricane. Hurricane can also influence oil prices. Earlier already it was noted that on its way there can be some oil refineries in the general capacity of 1,2 million barrels per day, or 7% of oil refining capacities of the USA. In this regard production on the majority of the enterprises is already closed. Also we will note that because oil refineries reduce the capacities, oil stocks this week should grow that indirectly conducts to decrease in the oil prices in North America and also to growth of spread of Brent-WTI. Today, this morning oil is decreasing and traded on a level of 109.05 dollars per barrel for a BRENT and 85.33 dollars for LIGHT. Gold and silver are moving in a positive direction and are traded on levels of 1711.43 and 31.88 accordingly. Euro is a bit stronger then dollar and is traded on 1.2921. Copyright: United World Capital

US SHARES AND CFD FUTURES TRADING IS AGAIN AFFECTED BY THE HURRICANE Please note that the hurricane on the East Coast of United States today, 30 October 2012, will affect trading hours for some trading instruments. This will affect the following products: ES – E-mini S&P 500 Futures YM – Mini-sized Dow Jones Futures NKDZ – Nikkei 225 Index Futures NQ – E-mini NASDAQ 100 Futures The trading of CFDs for NYSE shares is closed today. Currently there is no information of any effect on tomorrow’s trading session. We will inform you as soon as we will have any new information.

CFD SHARES TRADING IS AFFECTED BY HURRICANE SANDY Please note that the hurricane that is expected on the East Coast of United States today, 29 October 2012, will affect trading hours for some trading instruments. Namely, for today, trading of US equity futures will end on 15:15 GMT +2. This will affect the following products: ES – E-mini S&P 500 Futures YM – Mini-sized Dow Jones Futures NKDZ – Nikkei 225 Index Futures NQ – E-mini NASDAQ 100 Futures The trading of CFDs for NYSE shares is closed today. Currently there is no information of any effect on tomorrow’s trading session. We will inform you as soon as we will have any new information.

VIDEO MARKET REVIEWS 29 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

29 OCTOBER 2012: ASIAN SHARES EDGE UP ON US GROWTH DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian shares edge higher this morning in signs of stable growth in the United States. The MSCI index of Asia-Pacific shares outside Japan added 0,2 percent after posting its biggest drop in two months last week. Australia and the South Korean Kospi are also up. The Hong Kong and Shanghai indexes ended marginally down. The US markets are closed today due to the storm forecast. New York is expected to be hard hit by Hurricane Sandy and Mayor Bloomberg has ordered evacuation of parts of lower Manhattan. The US Gross Domestic Product, GDP, rose a mediocre 0,2 in the third quarter to expected 2,0 % for 2012. Housing gave the economy a boost, but business investment is lagging. The growth data point to an economy with little momentum, and leave considerable doubt about its resilience to the so called “fiscal cliff” of tax rises and spending cuts due to take place at the end of the year. With little sign that the growth is poised to accelerate, the US Federal Reserve will have every reason to continue its third round of quantitative easing known as Q3. Non-residential investment continues to decelerate. There seems to be two reasons for the reversal in capital spending: a weakening in global growth and worries about the fiscal cliff. It is hard to judge which effect is greater. The slowdown in China and other emerging markets which have soaked up US export in recent years probably accounts for a good part of the fall in investment. Investors are also reacting strongly to doubt s about the fiscal environments. Slow steady growth in consumption seems to be the main force supporting growth in the third quarter. The USD is stronger against the Euro in early trading in Asia at 1.2932. It has though recovered from Friday’s two-week low at 1.2882. The Yen is gaining. USD/JPY trades at 79,72. Big and violent street demonstrations against austerity in Italia, Spain and Greece underline the social and economic explosives caused by the debt crisis in the Euro zone. The dollar index DXY measured against a basket of six major currencies hit a near seven-week high on Friday and is at the same level today. The grim weather forecasts and Hurricane Sandy has stabilized oil prices. Brent crude is trading above 109. Gold and silver are trading slightly higher; 1715 and 32.15. Copyright: United World Capital

CHANGES IN TRADING SCHEDULE STARTING ON 28 OCTOBER 2012 We would like to inform our clients that starting on 28 October, 2012 the time on our trading servers will be changed from GMT+3 to GMT+2. In addition, our Forex and CFD trading session schedule for next week will be modified as follow: 28 October - 4 November 2012 Forex: trading session starts on Monday at 00: 00 and closes on Friday at 23: 00 (GMT+2). Commodities: trading session starts on Monday at 01: 00 and closes on Friday at 23: 00, break from 23: 00 to 00: 00 (GMT+2). CFD Shares: trading session starts at 15:30 and closes at 22: 00 (GMT+2). CFD Future Indexes (#NQ ,#NKD,#ES,#YM): trading session starts on Monday 00: 00 and closes on Friday 23:30, everyday break from 22:15 to 22:30 (GMT+2). CFD Future Agriculture: trading session starts at 01: 00 and closes at 20:15 (GMT+2). CFD Future Energy: trading session starts at 00: 00 and closes at 23:15 (GMT+2). CFD Future Goods: trading session starts at 09:30 and closes at 20: 00 (GMT+2).

VIDEO MARKET REVIEWS 26 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

26 OCTOBER 2012: APPLE IPAD SALES DISAPPOINTS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Apple, one of the most valuable public companies in the United States, posted quarterly earnings that fell short of expectations after the close of the US markets yesterday. Earnings a share came in lower than expected and Apple fell 1,4 percent in after hour trading. Equity futures fell on the news Dow Jones and Nasdaq ended up in another uninspiring session on Wall Street. Investors continue to worry about the US economy and a string of weaker than expected company results. 70 % of the companies hitherto reporting have reported lower results than expected. The negative trend continued in Asia this morning where the major indexes fell. Global concerns on the economic outlook are in the back of investors mind. This together with uncertainties on forthcoming leadership changes in the two biggest economies in the world, US and China, affect the market sentiments negatively. Asian exporters struggle against shrinking global demand for their products. Samsung Electronics, however, is an exception. Samsung reported third quarterly profits for a fourth straight quarter. Profits reached USD 7,4 Billion. Bank of China also reported good results with its biggest quarterly profit in a year. Procter and Gamble was yesterday’s positive exception on the US stock exchanges. The dollar index and the Japanese yen are down. Bank of Japan has announced aggressive monetary easing which drove the Yen down to 80,05 against the USD. The Euro is also falling. Euro/USD is at 1.2937 after inching towards 1.30 during yesterday’s trade. There are no other big changes in the currency picture. Oil prices recovered yesterday, but oil is again on defensive in early Asian trade after steep falls over the last ten days. Brent crude is at 107,63. Gold and silver prices, which also recovered yesterday, are again under downward pressure. After staring Asian trade on 1715, gold has fallen ten dollars to 1705. Silver has dipped below USD 32 an ounce. It is expected continued volatility in currency and commodity markets during the last trading day of this week. Stock futures are pointing down. Copyright: United World Capital

INTERRUPTION OF ACCESS TO A CLIENT CABINET ON SUNDAY, OCTOBER 28, 2012 United World Capital is continuously working to improve quality of services through regular implementing of advanced and modern technologies in order to enhance system performance. Please be informed that on Sunday, October 28, 2012 starting from 00:00 GMT +3, Client Cabinet will not be accessible due to the scheduled server maintenance works. Clients’ data and trading accounts will not be affected. By the beginning of trading session on Monday, October 29, 2012 access to a Client Cabinet will be restored. We apologize for any inconveniences this may cause.

VIDEO MARKET REVIEWS 25 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

25 OCTOBER 2012: ASIAN SHARES EDGE HIGHER DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian shares edged higher in early Asian trading as signs of recovery in China and the United States eased fears of deteriorating global growth. Market sentiment remained, however, vulnerable when weak corporate earnings continued to undermine investors confidence. The MSCI index for the Asia-Pacific shares were up 0,3 percent. The South Korean Kospi and Australia were also up after a new week session in New York. Both Dow Jones and Nasdaq fell. Oil prices fell for its seventh consecutive session on Wednesday after US oil storages were reported higher than expected. Brent crude has recovered in morning trade at 108,25. NYMEX, New York crude, is at its lowest level since July trading at USD 85,73 a barrel. Copper, a reliable barometer for commodities added 0,9 % to 788,685 a metric ton. Gold which has a strong technical support level on 1700, rose to 1709 after trading close to 17600 yesterday. Silver seems to stabilize on bottom levels in the range between 31,50 and 32. The USD dollar was stronger against an index of six major currencies. The Japanese yen is at 79,95 against the USD. The stock markets in Japan have stabilized over the last days after the steep fall in previous weeks. The yen is regarded by many investors as a “safe haven” and tend to increase on uncertainties in the market. The Euro has gained ground both against the yen and the USD, trading close to the 1,30 level against the dollar. The President of the European Central Bank, Mario Draghi, met German parliamentarians yesterday in an effort to convince law makers on the soundness of ECB’s monetary easing. New numbers from the US housing sector gave further evidence that the sector is picking up. New single family home sales surged in September to the highest levels seen in two and a half years. Weak earnings outlooks and US multinationals missing targets, made investors nervous about a slowing economy. Apple which is the biggest capitalized company in the world is going to present quarterly results today. Copyright: United World Capital

WEEKLY WINNERS OF THE FOREX DEMO CHAMPIONSHIP FOR THE WEEK 15 - 19 OCTOBER UWC is pleased to announce the following weekly winners of the Forex Demo Championship for the week 15 - 19 October: 1st Prize - $1000 Bonus goes to: batterfly acc. 440918 2nd Prize - $800 Bonus goes to: Dudu acc. 441020 3rd Prize - $500 Bonus goes to: Seyahsenator acc. 428991 Most Active Trader Award - $100 Bonus goes to: bobsley acc. 427809 Congratulations to all winners! We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship Remember the Earlier You Join the Contest- the Bigger the Chance You Have of Winning!

VIDEO MARKET REVIEWS 24 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

24 OCTOBER 2012: FACEBOOK SURPRISES AND JUMPS 13% DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Facebook surprised markets and delivered much better than expected when presenting third quarterly results yesterday. The number one social network rose 13 percent helped by strong mobile advertising revenues. 14 percent of its advertising revenue comes from mobile ads. This is a clear indication that Facebook starts to figure out how to earn money of smartphone and tablet users. Mobile ad revenues totaled USD 150 million in the third quarter compared with 50 million in second and nothing in the first quarter of the year. Apple launched its mini iPad during the last session. The cost would be USD 299 considerably more expansive than the competitors, Google and Amazon, but half the price of its iPad. The presentation failed to impress markets, and the share fell 3 percent. It was a new dismal session at the US stock exchanges. Dow Jones fell 1,82 and Nasdaq 0,82 percent. The markets are somewhat stronger in Asia this morning helped by stronger PMI-results from China in September. The HSBC’s bank Flash Manufacturing Purchasing Managers index (PMI) rose to a three month high in October signaling a strengthening recovery. The PMI results are seen by investors as a token that the bottom in the short term downward cycle might be reached in China. The Shanghai composite is up, and futures for Europe and US are positive helped by better commodity prices. Copper prices are stronger than in one week. The Australian dollar which has been under pressure earlier this week is trading stronger on the better perspectives for commodities and a recovery in China. Weak quarterly company results and uncertainties regarding the upcoming presidential elections have put the stock markets under pressure during the last days and reduced the appetite for risk. This has strengthened the dollar and put the Euro under new pressure. EURO/USD is trading at 1.2987 pulling back from last week’s high on 1.3140, but well above October month’s low at 1.2804. The President of the European Central Bank (ECB), Mario Draghi is meeting the German Bundestag today in an effort to convince skeptical parliamentarians on the importance of monetary easing. Oil prices fell anew dollar yesterday. Brent crude has recovered to 108,50. Also gold and silver prices are trading higher in Asia after new steep falls yesterday. Copyright: United World Capital

VIDEO MARKET REVIEWS 11 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

11 October 2012: Asian shares trade weaker DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian shares tracked Wall Street lower on Thursday morning as weak forecasts for major US corporations underscored concern over global demand. Dow Jones traded 0,95 percent down and the technology sell out seen in the beginning of the week continued with Nasdaq losing 0,43 percent. Alcoa, Chevron, Cisco and Home Depot were the big losers. The oil giant Chevron issued a profit warning for its third quarter result and fell 4 percent. Alcoas grim outlook for global aluminum consumption led to a similar fall. The Asian indexes continue to fall. The Nikkei index for Japan was down for the third day in row. Commodity prices are under pressure. The Euro remained on the back foot due to uncertainty over Spain’s bailout prospect and Standard and Poor’s downgrading of Spanish debt. The Euro is trading at its lowest level in October. It dipped to 1.2835 on Wednesday and recovered to 1.2865 in early Asian trade. USD/JPY is stronger at 78.05. There are small changes in the overall currency picture. Employment number from Australia was stronger than expected, and the Australian dollar rose for the third day against the USD. Two of the leading emerging market economies, Brazil and South Korea, have both lowered their interest rate. The tension in the Middle East escalated yesterday when Turkey forced a civilian airplane on route from Moscow to Damascus to land in Ankara. The tense situation continues to have an impact on the oil prices which are steadily up due to concerns over supply. There is fear that the Syrian-Turkey crisis could spill over and further escalate the high tension level between the West and Iran on its nuclear program. Brent crude is trading close to USD 115 a barrel. Precious metals are stable. Gold is trading between 1760 and 1765 with silver stabilizing on USD 34 an ounce. The International Monetary Fund, IMF, which presented its global growth half yearly forecast this week ahead of its meeting in Tokyo, expresses concern on the slower growth in China and urges swifter action in Europe as the euro zone debt crisis drags on. IMF expressed frustration over Europe’s piecemeal response to its debt crisis, and warned that the respite in borrowing costs in debt laden countries as Spain and Italy might prove short-lived unless Euro zone leaders take more firm action. Copyright: United World Capital

WEEKLY WINNERS OF THE FOREX DEMO CHAMPIONSHIP FOR THE WEEK 1 - 5 OCTOBER UWC is pleased to announce the following weekly winners of the Forex Demo Championship for the week 1 - 5 October: 1st Prize - $1000 Bonus goes to: forexdream acc. 440081 2nd Prize - $800 Bonus goes to: dziy acc. 440084 3rd Prize - $500 Bonus goes to: Billy acc. 435639 Most Active Trader Award - $100 Bonus goes to: skritku acc. 428049 Congratulations to all winners! We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship Remember the Earlier You Join the Contest- the Bigger the Chance You Have of Winning!

VIDEO MARKET REVIEWS 10 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

10 October 2012: Dollar rises on gloom concerns DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian shares fell on Wednesday after a technology sell out on Wall Street last night. The Japanese Nikkei dropped 1,86 percent after car exports to China tumbled. Toyota, Nissan and Mazda saw their exports reduced to half in September. The Euro/USD also tumbled to 1.2859, down 75 points from its high on Tuesday. Angela Merkel was met by mass demonstrations and street fights between austerity measure protesters and police in Athens. Merkel assured the Samaras-government that Germany would support continued Greek membership in the EURO conditioned of willingness to carry through the tough austerity measures. Concerns on companies’ third quarter results and the Chinese economy dragged stock markets down and created new volatility in currency markets. Shares of the world’s largest semiconductor maker, Intel, lost 2,7 percent on downgrading due to weak demand for notebooks. The whole technology sector came under strong pressure. Both Apple and Google have fallen strongly during the last trading days. The aluminum producer Alcoa issued a profit warning due to weaker Chinese demand. A Chinese expert in the French Credit Agricole, countered by saying that some Western medias and companies are trying to bash China negatively. Chinese aluminum export has increased strongly over the last year, and big infrastructure projects mean that China will continue to import huge quantities of raw materials. Growth forecasts of 7, 5 – 8 % for China for 2012 is far outnumbering a recession stricken Western economy. Oil prices have risen strongly over the last 24 hours. Brent crude reached USD 114 a barrel with New York crude, NYMEX, again trading above USD 92. Increased tension in the Middle East is behind the spike in oil. Turkish forces have amassed tanks and troops in the Syrian border ready to hit. An escalation in the late border skirmishes between the two countries will increase the risk for a NATO intervention Turkey being a NATO member. Precious metals were down yesterday and in early Asian trade with Gold 1765. The last half yearly report from the International Monetary Fund, IMF, is highlighting the problems the Euro zone represents to the global economy. IMF urged European politicians to deepen its financial and fiscal ties to restore sagging confidence in the global financial system. The austerity measures offered by the IMF and leading Euro-countries like Germany, have, however, worked poorly. Greece is entering its sixth year of recession with strong social and economic costs, witnessed by Merkel’s visit to Athens. Merkel’s visit has done little to calm the unrest in the streets. It might, however, have given the three part coalition of Antonis Samaras a briefing spell to carry through highly unpopular cuts which primarily hit the weakest strata of the population like pensioners and the increasing number of unemployed. The currency markets answer to the last pictures from Greece is to send the Euro down illustrating the volatility inside the Euro zone and question marks whether European finance minister have done enough to turn the tide around. Copyright: United World Capital

VIDEO MARKET REVIEWS 09 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

09 October 2012: Shanghai jumps on policy support DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The Shanghai composite index jumped with 1,2 percent this morning as the governor of the Chinese central bank stressed the need for monetary flexibility, sustained growth and financial reform. The statement was seen as Chinese political willingness to take necessary steps to encourage the economy which according to the last global economic analysis from the International Monetary Fund (IMF), will grew 7,8 % in 2012. IMF has lowered its forecast for global economic growth from 3,5% in July to 3,3 percent. IMF is painting a grim picture especially of the development in the euro zone where economic growth forecasts are lowered from 0,5 to 0, 3 %. Other Asian exchanges were also up in Asian trading except for the Japanese Nikkei which falls 0,3 %. MSCI for the south east Asian Pacific is up 0,6 and Australia with 0,5 percent helped by higher copper and precious metal prices. Oil prices are also up. Brent crude is at 112,67. Futures for the stock exchanges in Europe and the US are pointing to a positive start after concern over China and weaker third quarter profit earnings for US-companies, spoiled the party both in Europe and US yesterday. Dow Jones was down 0,19 percent while the technology stock index, Nasdaq, fell with 0,69 percent. EURO/USD has been trading far below its Friday peak on 1.3172. The Euro fall below 1.29, but has recovered slightly at 1.2987 in early morning trade. The EU Finance Ministers met in Luxembourg and have agreed on an emergency fund on 472 billion Euros to eventually pump into banks and sovereign states. The ministers seem also to have agreed on a single supervision for euro zone bank which will strengthen cohesion and the mutual currency. Spain has not yet decided on whether to ask for a sovereign bail-out. German chancellor Angela Merkel is visiting Athens today in an effort to boost the three party coalition governments which has come under increased pressure following new scandals and accusations of cover up of a list of Greek politicians and business people seeking to avoid taxes by stuffing funds in Swiss banking accounts. The USD/JPY has recovered from yesterday’s low trading at 78,40. The Australian dollar which reached a three week low yesterday, has gained 0,5 % in relation to dollar on the statement from the Chinese central bank governor. Precious metals are on rise. Gold which fell to 1771 yesterday is trading eight dollars up at 1779. Silver is recovering from the low of 33,75 and trades at 34,20. In Europe the Swiss franc is under pressure. Copyright: United World Capital

VIDEO MARKET REVIEWS 08 October 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

08 October 2012: Currencies mixed after jobless data DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The United States unemployment rate dropped to 7,8 percent, a near four-year low, down from 8,1 percent, on Friday giving markets a welcome boost at the end of last week. There are different interpretations of the better unemployment figures, but the overall picture is that America’s labor market appears to be in better shape than originally thought, if only slightly. The chief economist of one of the world’s biggest banks stated that “The labor market situation in US is slowly improving”. The most encouraging aspect of the data is the large and unexpected decline in the jobless rate which gives President Barack Obama some reason for joy after a disappointing first debate with this Republican opponent, Mitt Romney, last Wednesday. The fall in unemployment occurred due to the numbers of employed Americans soared by 873 000 while the number of unemployed fell by 456 000. A worrying signal though is the jump in part-time workers suggesting that many Americans are not finding the well paying full time positions they would like to see. The dollar index fell 0,2 percent as the euro gained 0,3 percent to USD 1.3049. The euro is falling back in Asian trade during the morning hours and is at 1.2987 against the USD. There are nervousness regarding the meeting with EU finance ministers in Brussels today and Angela Merkel’s surprise visit to Greece tomorrow where an apparent cover up of a memory stick with a list of nearly 2 000 Greeks with Swiss bank accounts threatens to become a political firestorm with demonstrations against the Samaras-government. The dollar, however, surged against the Japanese yen, gaining 0,5 % after the release of the better unemployment figures. The Yen also fell against the EURO. USD/JPY has recovered slightly in morning trade and stand at 78,54. Both crude oil and precious metals fell on the unemployment news. Brent crude is trading at USD 11,40 a barrel and gold is at 1772. The Asian stock exchanges are all trading down before the Brussels finance ministers meeting. Shanghai composite index fell 0,9 % after being closed one week for holidays. Copyright: United World Capital