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VIDEO MARKET REVIEWS 5 September 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Euro-USD slips ahead of ECB DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The Euro-USD slipped from its yesterday high, 1.2629, to 1.2537in Asian trading Wednesday morning. The Euro, nevertheless, demonstrated strength prior to the EC meeting tomorrow. The Euro bears who predicted a collapse in the single currency are not any longer the driving force in the markets. Whether the ECB will be able to live up to the expectations created over the last weeks, is a more complicated question. The best markets in this round can hope for is probably a strong signal of ECB readiness to intervene in the sovereign bond markets, and start buying Italian and Spanish short term bonds and not a detailed debt-buying plan. The President of ECB, Mario Draghi, indicated that this might be in the cards when he told on Monday to European lawmakers that purchases of short term sovereign bonds to help burdened countries Spain and Italy, did not constitute a breach of European union rules. It represented an effort to stabilize the monetary situation and should not be interpreted as a state intervention in free markets. This has led critics to claim that Draghi is, too, much influenced by French Socialist President, Francoise Hollande, and Italy’s premier, Mario Monti. A final decision on ECB bond buying would most likely not be taken before the German constitutional court in the middle of the month decides on whether German participation in such bond buying is in accordance with the German constitution. The US markets were weak after the opening after Labor Day. Manufacturing data fall for the third month in row painted a picture of a mixed, slow growing American economy stressing the need for quantitative easing measures. Stocks in Asia continue to be under pressure. Oil prices are down from yesterday’s peak. Brent crude is trading at 114 with NYMEX again tipping below 96. Gold is stabile at 1695 and silver at 32,20 demonstrates continued strength. Copyright: United World Capital

THE WINNER OF THE BEST BIRTHDAY VIDEO CARD CONTEST We are glad to announce the winner of our Birthday Video Card contest which we have organized on our Facebook page ! Our warmest congratulations and the prize $300 goes to Mr. Mohammad Rasel Miah! We would like to use this opportunity and to thanks once again all participants – you have done a great job!

WEEKLY WINNERS OF THE FOREX DEMO CHAMPIONSHIP FOR THE WEEK 27 - 31 AUGUST UWC is pleased to announce the following weekly winners of the Forex Demo Championship for the week 27 - 31 August: 1st Prize - $1000 Bonus goes to: China forex acc. 436040 2nd Prize - $800 Bonus goes to: Dira acc. 436038 3rd Prize - $500 Bonus goes to: sasakor acc. 428081 Most Active Trader Award - $100 Bonus goes to: Ramadan acc. 434841 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 4 September 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Brent climbs to 116 on war rhetoric DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Global markets taking monetary easing as a done deal continues to climb. Both oil and precious metal prices climbed to level not seen for the last months. Brent crude rose to 116, and gold flirting with 1700. Silver reached 32.20. EURO/USD is trading at 1.2617 making it likely that the EURO, in spite of a Moody down writing the Euro zone to negative, shall see 1,27 before the European Central Bank on Thursday will decide on whether to buy Spanish and Italian bonds aggressively. The US markets were closed for Labor Day yesterday. The Asian markets were mixed going in and out of red territory. Oil prices were underpinned by expectations that weak data from China, the world’s second biggest oil consumer, would prompt Chinese authorities to ease credit policies further. Beijing has already taken decisive steps to encourage domestic consumption and lower interest rates. Israel’s stepped up war rhetoric against Iran, has increased tensions in the Middle East. This is impacting oil futures. Gold and silver which are seen as hedges against unexpected moves in the currency market, are continuing to move upwards as are copper and soft commodities. Paring back of bearish bets against the Euro has probably helped bolster the single currency over the last days. There is also talk in the market that Asian players have been buying Euro against the Yen. The Japanese currency is stable against Dollar on 78,365. ECB President, Mario Draghi, stated yesterday that ECB purchases of sovereign bonds with up to three years maturity did not constitute state aid. The Euro reached a two month high against the Australian dollar and rose 0,4 % against the yen. Investors continue to give the Australian dollar a cold shoulder on weaker growth in China and disappointing weak domestic retail sales. Copyright: United World Capital

VIDEO MARKET REVIEWS 3 September 2012: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Bernanke keeps stimulus hopes alive DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Stressing that US Federal Reserve if necessary is prepared to take further steps to strengthen the economy, Chairman, Ben Bernanke, kept market optimism for monetary easing alive in his speech in Jackson Hole Friday. US equity markets rose. The trend continued in Asia this morning where the South Asian Pacific Index, MSCI, is up, in spite of, a steep decline in China’s industrial production in August. Chinese manufacturing is at its lowest level since 2009. Bernanke’s speech gave commodity and precious metals price a strong lift. Gold jumped USD 40 an ounce and trades at 1690 in Asia. Silver also rose 3 % trading at 31.80 Oil prices are strong. Brent crude is at 114 and NYMEX trades above 96. Soft commodities continue to raise. EURO/USD which got a strong lift on Friday when it reached 1,2685 is still trading at the highest levels seen in weeks. If the European Central Bank, ECB, which meets on Thursday, decides to start buying sovereign bonds from the most exposed Euro-countries, the Euro shall probably in the short term perspective, be lifted further up. Japanese yen is strengthened since last week and trades at 78,315 against USD. The most awaited Bernanke’s statement dashed some hopes for a quick FED action. Bernanke’s comments, however, bolstered bets that the US central bank will provide more stimulus for an economy that is close to stalling. US Labor market numbers for August is going to be published later this week, and shall give a new indication on whether more active measures are needed. This week markets are going to be concentrated on the ECB meeting where it seems that the German government very reluctantly, is giving up their resistance against ECB intervention in the bond markets. A EU Commission for tighter central control with the banks inside the Euro zone is also on the table. Copyright: United World Capital

VIDEO MARKET REVIEWS 31 August 2012: Morning Market Review from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Close call on FED easing DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The US Federal Reserve’ decision on whether to take economic stimulus to boost a stagnating economy, is “too close to call”, a top FED official stated yesterday on the eve of Ben Bernanke’s annual speech in Jackson Hole today. Quantitative easing shall have a positive effect on a stagnating job market, but could risk creating inflationary pressure. In his speech to the convention, last night, Republican contender. Mitt Romne, signaled job creation as the major issue, promising to create 12 million new jobs during an eventual Romney term. Asian shares fell to a four-week low Friday morning on cooled expectations for stimulus. The meeting of world central bankers precedes the decisive Federal Reserve meeting on September 12th and 13th. US and European stocks also fell. Dow Jones gave up 0,81 % while the technology index, Nasdaq, dropped 1.03 %. In Japan Nikkei slipped 1,1 % to a two-week low after Japan’s industrial output unexpectedly fell in July. Japanese manufacturing activity has so far in August contracted to its lowest level in 16 months as a clear token that the European debt crisis is biting Japan painfully. Currencies and commodities are in the waiting mood prior to signals from the federal Reserve. The Euro/USD is steady above 1.25 level, but has lost some ground towards the USD trading at 1.2515. Japanese yen has gained against USD at 78,42. The Norwegian krone (NOK) is stronger both against Euro and USD after the Norwegian Bank yesterday decided to keep the interest rate at 1,50 %. NOK is under strong upward pressure and a representative for the Norwegian bank indicated possible intervention if NOK gets even stronger. As an oil producing country Norway has strong reserves, a 600 Billion sovereign oil fund, a balanced budget and trade balances surplus. That makes Norway’s finances, a non EU and Euro-member, outstanding in an European context. Brent crude keeps steady above USD 112 a barrel ahead of today’s speech, set for the second monthly gain. Gold continues to move in the tight corridor between 1655 and 1675 with silver dropping one percent to 30,40. Copper is up after four losing sessions. Copyright: United World Capital

VIDEO MARKET REVIEWS 30 August 2012: Morning Market Review from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Asian shares hit one-month low DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian stocks hit a one-month low this morning after Chinese growth concerns and weaker export and retail figures from Japan. The Euro stays steady as global markets waited for hints on further US economic stimulus in Federal Reserve Chairman Ben Bernanke’s address at Jackson Hole tomorrow. Wall Street edged higher on an increase I home sales in July. The daily volume was again very weak reflecting market reluctance to make bet prior to Bernanke’s speech. Volume traded at the New York exchanges was 4,1 billion shares compared with the previous low on Monday of 4,6 billion shares. The daily traded average a year is 6,6 billion shares. The Dow Jones industrial average inched up 4,6 points and reached 13 107. The S&P is trading at four-year high compared the Shanghai Composite Index which hit its lowest close since February 2009.The share indexes reflect investors strong expectations for a turnaround in US economy helped by FED monetary easing. Investors are simultaneously bearish on China, in spite of, the fact that China’s relatively low 7,6 % increase in GDP in second quarter of 2012, far outpaced any other country in the world. The Commerce Department said yesterday that US gross domestic product expanded at a 1,7 percent annual rate helped by stronger export growth. The pace of growth remained nevertheless, too, slow to shut the door for further monetary easing from the Federal Reserve. At the Republican Convention, Paul Ryan, the vice Presidential running mate to Mitt Romney, directed a blistering attack on President Obama’s economic policies Ryan promised to make the tough choices needed for a US economic turnaround that would generate jobs, cut government spending and revitalize small businesses. Euro/USD is steady at 1.2543 and there is small changes in other currency pairs. Hurricane Isaac has had little impact on oil prices over the last 24 hours. Brent crude is staying above 112 with NYMEX dropping to 95 USD a barrel. Gold is trapped in a tight trading range between 1655 and Monday’s 4-month high on 1676. If Bernanke’s address misses to give clear signals for a new round of quantitative easing, both gold and silver would come under sell pressure. Copyright: United World Capital

CHANGES IN CFD TRADING SCHEDULE Changes in our CFD trading schedule for 3rd September 2012. We would like to inform clients about changes in our CFD trading schedule. On the occasion of the upcoming Labor Day in the US, there will be changes in our CFD trading schedule for 3rd of September 2012. Monday, September 3rd: Shares CFD: trading is closed Indexes (E-mini NASDAQ 100,Nikkei 225,E-mini S&P 500,Mini-sized Dow): trading is closed from 18:30 (Trading terminal time) Indexes (DAX): 9.00-23.00 Agriculture: trading is closed Energy: trading is closed from 20:15 (Trading terminal time) Metals: trading is closed from 20:15 (Trading terminal time) Goods: trading is closed

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

ECB-optimism boosts EURO DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments EURO/USD jumped 100 points to 1.2570 yesterday on optimism that European leaders will take positive steps to tackle the debt crisis. The Euro is at 1.2557 in early Asian morning trade, close to a seven week high towards the dollar. Rumors that the European Central Bank, ECB, is on the verge of starting to buy bonds from Italy and Spain, gained strength when ECB president Mario Draghi unexpectedly cancelled his visit to Jackson Hole during the weekend where FED Chairman Ben Bernancke on Friday is going to address world central bankers. Global investors have for the last weeks had their eyes locked on Jackson Hole and, Wyoming, and an upcoming ECB meeting next week; for any signs of monetary easing from Europe and the United States. Bernanke’s speech precedes the Federal Reserve’s September 12 – 13 policy meeting. Bernanke has for the last two years used this meeting with central bankers to signal FEDs policy intentions. Better US housing and employment data pointing to a modest recovery have, however, dampened the optimism for economic stimulus. Equity markets in the United States were flat yesterday on very low volumes. Asian markets are mixed. Latest economic news from China tell that the stock markets are under pressure. Chinese stocks have fallen dramatically and their companies are in contradiction to their US counterparts delivering weak quarterly results. Some analysts state that China is in for a hard landing and that the growth in GDP which was 7,6 % in the second quarter, shall be far lower In the two remaining quarters of 2012. Except for the jump in the Euro, there are small changes in the currencies and commodities. USD/JPY is 78,575. The dollar gains somewhat versus the more commodity driven currencies. Oil prices are unchanged. Brent crude at 112 and NYMEX trades at 96 with hurricane Isaac having a major impact. Gold is steady at 1665, at a 4 month high, on expectations that Bernancke would give hints of further stimulus measures. Gold reached 1676 on Monday. Silver, which often tracks gold, trades at 30,86 close to Monday’s three months high. Gold and silver are likely to stay at these levels till Bernancke makes his speech on Friday. Copyright: United World Capital

WEEKLY WINNERS OF THE FOREX DEMO CHAMPIONSHIP FOR THE WEEK 20 - 24 AUGUST UWC is pleased to announce the following weekly winners of the Forex Demo Championship for the week 20 - 24 August: 1st Prize - $1000 Bonus goes to: Sex on the beach acc. 435568 2nd Prize - $800 Bonus goes to: guitar heroe acc. 435571 3rd Prize - $500 Bonus goes to: hasita acc. 434465 Most Active Trader Award - $100 Bonus goes to: marzb acc. 429755 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 28 August 2012: Morning Market Review from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Apple reaches all-time high DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Shares of Apple climbed to another record on Monday reaching 680 dollar a share the day after the iPad maker won a USD 1 billion judgment in a patent lawsuit against South Korean Samsung Electronics. Samsung shares plunged 7 % Monday, but recovered and was up two percent in Asian trading this morning. Apple has claimed a ban on 8 Samsung phones in the US. The Korean company is going to contest the verdict after a Korean court last Friday morning presented a much more even handed decision blaming companies for stealing patents from each other. Other competitors are heavily influenced by the recent verdict. NOKIA shares rose 9 % yesterday. Both US and Asian stock exchanges saw the lowest trading volume of the year kept alive only by the increased trading in mobile smart phones. Investors are sitting on the fence looking ahead to a key speech by Federal Reserve Chairman Ben Bernanke on Friday. The markets are also waiting news on whether the European Central Bank, ECB, shall start to buy sovereign bonds of the most pressured Euro-states, Italy and Spain. Merkel seems to have given up her former strong opposition to ECB bond intervention. The German Central Bank is, however, staying the course and likened bond buying to a drug injection in the markets. The Euro/USD dips to 1.2488 is coming under renewed pressure after last week’s short term high on 1.2575. USD/JPY is down 0,2 % at 78,515 with Japanese export trading figures weaker as result of the European debt crisis and the Chinese slowdown combined with a strong yen. The Euro is pressed by continued uncertainty as to which measures to take to handle the debt crisis. The German business sentiment index fell for a four month in row to its lowest level since March 2010. Oil prices tumbled yesterday after the Isaac storm forecast proved less serious than firstly reported. Brent crude fell from 115 to 112. NYMEX, New York, crude trades below USD 96 a barrel. Also copper and precious metals fell. Gold trades at 1661 with Silver at 30,65. Markets are expected to be volatile during this week waiting for the Federal Reserve and top economists meeting in Jackson Hole over the weekend. Ben Bernanke is giving his speech on Friday followed by ECBs Mario Draghi on Saturday. Copyright: United World Capital

UWCFX NOW AVAILABLE IN PORTUGUESE United World Capital (“UWCFX”) is excited to announce that the UWCFX website is now available in Portuguese. Since the re-launch of our website in June of 2012, UWCFX has been constantly making efforts in further developments and improvements for its website, products and services. As of today, UWCFX is available in English, Russian, Spanish, German and Portuguese with more languages coming soon. You can read more about UWCFX recent developments in Company News and on our Facebook page

VIDEO MARKET REVIEWS 27 August 2012: Morning Market Review from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

Tropical storm raises oil prices DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Brent and NYMEX crude rose more than a dollar Monday morning on supply worries as tropical storm Isaac threatens to interrupt most US offshore oil production in the Gulf of Mexico. Brent which fell below 114 on Friday, reached 115 in early Asian trading. An explosion in the biggest oil refinery in Venezuela has claimed 39 lives and cut supplies of refined oil products. War mongering over Syria likewise keep up the tension in the Middle East. Investors’ concentration will this week be back on the US Federal Reserve and its annual meeting of central bankers and economists in Jackson Hole August 31st. Fed Chairman Ben Bernanke’s speech will probably give clues whether the FED is ready for a third round of quantitative easing. Time for FED-action is, however, running out with the Presidential elections approaching. Republicans have been highly critical to the first rounds of monetary stimulus, and a new round of easing shall be interpreted as a boost to Obama. Whatever statement shall have an important impact on where the markets are going to move for the next weeks and on the strength of the USD. The steam seems to be running out of last week’s Euro rally which saw the common currency jump to 1.2575. Euro-USD is now trading at 1.2505 in Asia with volatile stock markets without direction. The charm offensive of Antonis Samaras ended in Paris Saturday with the Greek Premier asking for time and not more money. Back in Greece he stressed the message that Greece belongs to Europe and wants to stay in the Euro. Angela Merkel echoed Samaras’s concern when Sunday encouraged party followers eager to see Greece leave the Euro, to watch their words The French President solely repeated that Europe is waiting for results from Greece and the last “troika” report on austerities. After an evenhanded sentence from a South Korean court last Friday morning in the patent conflict between Samsung and Apple, A Californian court issued Friday afternoon a pro-Apple verdict which considerably block’s Samsung’s opportunities in the US-market. The court orders Samsung to pay USD 1 billion in damage compensation for infringing on Apple’s propriety rights. Samsung’s share fell 7 % in South Korean trade in the morning. Copyright: United World Capital

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

No Samsung copy of iPhone DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments SAMSUNG did not copy Apple’s iPhone. Even if Samsung Electronic flagship Galaxy smartphone looks very similar to Apple’s iPhone, Samsung did not violate the iPhone design, a South Korean court ruled on Friday. Simultaneously nine jurors started deliberations in California in one of many disputes between the two giants fighting for supremacy in a market the two companies control more than half the world’s smartphone sales. The companies have infringed on each other copy rights. The judge therefore ordered Samsung to immediately stop selling 10 products including Galaxy S 11 and also banned sales of four Apple products. Both the rivals were ordered to pay each other relatively small compensation damages. Samsung stocks fell 3 % prior to the court’s decision, and recovered substantially – up 2,5 % from the bottom – when the verdict was published. Angela Merkel and French President Francois Hollande agreed that Greece have to stick to its debt obligations prior to Antonis Samaras separate meetings in Berlin and Paris today. The firm German-French stand is most likely to be regarded as part of a negotiating strategy; and as an initial reaction to the Greek premier’s bid for a two years leniency period before austerities are carried through. Compared with Spain and Italy relatively small funds are needed to keep Greece afloat. A Greek Euro exit will primarily have an important symbolic value and be regarded as a beginning of a breakup of the Euro. European leaders might, therefore, be willing to pay the price and give Greece a grace period. EURO/USD have stabilized after strong gains earlier in the week, trading at 1.2554. The interpretation of the outcome of Samara’s meetings today would have a bearing on the short term direction on the value of the Euro. The British pound against USD has also increased substantially over the last days. Oil prices are dropping from its high levels on Thursday, Brent crude is at 114 and NYMEX back to 96. Gold prices continue to climb, and reached 1667 in early trading in Asia. Silver is at 38,50. Both precious metals are seen as a hedge in a volatile currency market. What might be seen as overblown expectations for monetary easing in US and the Euro zone front collided with fundamentals in early Asian trading. The outlook for growth is dim in spite of all expectations. The South Asian Pacific Index, MSCI, fell 2 % after a similar reality test saw European and Asian markets falling on Thursday. The general feeling is that expectations and market fundamentals are, too, far apart and that equity markets are in for a correction. Copyright: United World Capital

VIDEO MARKET REVIEWS 23 August 2012: Morning Market Review from Mr. Arne Treholt (Vice-President of Business Development and Investments UWCFX.com)

FED minutes lift EURO and gold DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Three weeks old minutes from the US Federal Reserve’s meeting August 1st have lifted global stock markets and given ERO/USD a welcomed boost over the last 12 hours. The Euro touched a seven week high at 1.2553 on Thursday as Premier Antonis Samaras started his European charm offensive to keep Greece in the Euro. The South Asian Pacific stock index, MSCI, rose one percent on expectations that the minutes indicate FED willingness for economic stimulus, and early losses in the New York were nearly trimmed off. Crude prices, gold and silver are strongly up. FED wrote minutes reflects end of July’s rather pessimistic outlook on US economy. Since then data on better employment, retail and to a certain degree housing figures, have turned market sentiment around, and convinced that the US economy is back on the right track. The open question and decisive for eventual FED action is whether employment figures for August will confirm latest data. Market expectations are in favor of further quantitative easing and buying of treasury bills and bonds. This weakened the dollar towards most currencies yesterday. The Euro saw its highest level since early July and burst through the upside in the short term technical corridor between 1.2040 and 1,2450 where it has moved the last weeks. If Samaras succeeds in convincing that Greece is sincere in its austerity intensions and wish to stay in the EURO, his European partners might agree to give him the t two years postponement chance he his bidding for. Such a nod to recession fighting Greece, would eventually in the short term lead to a further strengthening of the Euro as will a European central Bank decision to buy sovereignSpanish and Italian bonds. The prospects for monetary easing and economic stimulus will weaken the dollar and give a boost to commodity driven currencies as Canadian and Australian dollar, Norwegian krones and indirectly Swedish krones, a trend clearly seen over the last days. Commodities quoted in USD will be given a further boost. Oil, copper, gold and silver rallied yesterday and reached their highest levels in weeks. Even HSBC’s report yesterday that China’s manufacturing purchasing Manager index, PMI, for August, fell to its lowest level since last November, did not spoil the commodity and precious metal party. This is probably going to be gthe case as long as investors continue to cultivate expectations that monetary easing and economic stimulus are just around the corner. Copyright: United World Capital