Daily Technical Analysis by FxGrow

[FxGrow Support]

FxGrow Daily Technical Analysis – 12th April, 2016

By FxGrow Research & Analysis Team

 

EURUSD Bearish signal among negative RSI

 

The EURUSD remains consolidating in a long-term range below the highest level 1.1455 this year. The pace of Fed interest rate hike weighed on the EURUSD as Fed policymakers calls for a June rate hike. Breaking the 61.8% Fibonacci expansion 1.1365 will confirm a bearish reversal toward 1.1335, 1.1295 and 1.1265 respectively.

 

However, the EURUSD needs a push above the minor resistance 1.1455 in order to clear the range and cutting 1.1477 will create a bullish leg and will support prices near 1.1500, 1.1525 and 1.1555 resistance levels.

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD1_zpsj2z4vy55.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 12th April, 2016

By FxGrow Research & Analysis Team

 

AUDUSD short position ahead of Aussie employment report

 

The AUDUSD may continue its downward movement as the RSI remains in a bearish formation after weak Chinese CPI data and on forecasts the Fed might increase rates in June. The AUDUSD will support its short leg once it cut the major support point 0.7530 targeting 0.7495, 0.7475 and 0.7440 as long-term support levels.

 

However, positive employment data might build a bullish momentum and an uptrend will pave the way for a bullish movement when the pairs cut 0.7700 thus reaching 0.7740, 0.7770 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD_ln_zpsvmyahgqh.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 13th April, 2016

By FxGrow Research & Analysis Team

 

EURUSD failed its second daily bullish breakout

 

The EURUSD is trading back at the pivot range as it failed another breakout after it cuts the resistance level 1.1455. The EURUSD will see a reversal move as it breaks the strong support level 1.1360 creating a bearish leg near 1.1320 and 1.1285 next support levels.

 

However, the EURUSD is trying to push upward to stay in the range between 1.1400 and 1.1500, but the pair needs a push above 1.1475 in order to support the upward movement of the trend to reach 1.1525, 1.1555 and 1.1580 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUS_ek_zpsk61eg1yb.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 13th April, 2016

By FxGrow Research & Analysis Team

 

USDCAD new lows ahead of BOC statement today

 

The USDCAD is trading below October’s low 1.2830 as Canadian employment data boosts expectations. The trend lacked acceleration after a rise in Crude oil prices, and firmer US Dollars supported the bearish movement thus reaching new lows 1.2750. Breaking this major support point will push the USDCAD toward 1.2730 and 1.2690 as next support levels.

 

However, the USDCAD might have found ground ahead of BOC statement today as Bank of Canada (BOC) is highly expected to keep rates unchanged. Breaking 1.2835 will expand gains at nearest resistance levels 1.2865 and 1.2915.

 

http://i1148.photobucket.com/albums/o568/onestore40/USDCAD_ek_zpsh85xr8kd.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 14th April, 2016

By FxGrow Research & Analysis Team

 

EURUSD and the bearish sentiment arrived

 

The EURUSD drops from range as it cuts the strong support point 1.1360 providing a sharp leg lower below the major support point 1.1285. Today, the US CPI data will generate more volatility to the EURUSD and breaking 1.1260 will push the pair lower toward 1.1220 and 1.1185 respectively.

 

However, this downside movement could be a minor shake for the EURUSD before heading higher. The pair needs to consolidate around 1.1360 again to trigger a bullish long-term extension reaching next resistance levels 1.1420, 1.1455 and 1.1477.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD_mn_zpsar3fmwmf.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 14th April, 2016

By FxGrow Research & Analysis Team

 

AUDUSD erased gains despite solid jobs report

 

The AUDUSD rose to 0.7716 highs after strong Australia’s employment report, but gains were limited and the AUDUSD flattens around the pivot range 0.7655. The AUDUSD needed to close above the 23.6% Fibonacci expansion 0.7707 in order to open the door for an uptrend toward 0.7735, 0.7770 and 0.7805.

 

Alternatively, if the AUDUSD breaks the strong support point 0.7620, a strong reversal pattern will be created and the pair will pave the way near next support levels 0.7595 and 0.7550.

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD_mn_zps6n1vgzlt.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 15th April, 2016

By FxGrow Research & Analysis Team

 

GBPUSD slumps on BOE decision

 

The GBPUSD decreased but still trading above the solid support point 1.4090 as the Bank of England (BOE) kept rates unchanged as expected at 0.5%. The minutes also claimed that ‘Brexit’ is going to weigh on economic activity and will affect the currency negatively. Breaking 1.4090 will push the GBPUSD lower at 1.4030 and 1.3980 as strong daily support points.

 

However, the GBPUSD is searching for a resolution and the prices need to cut the near-term resistance 1.4265 in order to eliminate higher targeting the long-term resistance level 1.4350 and 1.4420.

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD_mn_zpskmfnkcch.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 15th April, 2016

By FxGrow Research & Analysis Team

 

USDJPY higher surge toward 1.1000 psychological level

 

The USDJPY is still retracing higher after hitting bottom at 107.63 lows. The USDJPY needs a push toward the 38.2% Fibonacci retracement 1.1000 which is the major psychological level in order to clear the downside movement. Thus breaking the minor resistance level 1.0970 will continue surging higher to reach 1.1000 and 1.1055 respectively.

 

However, bearish RSI is still on the way creating caution as the market remains volatile awaiting next BOJ meeting. Cutting the minor support point 1.0900 will push the USDJPY lower toward next support levels 1.0860 and 1.0790.

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY_mn_zps61phnejl.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 18th April, 2016

By FxGrow Research & Analysis Team

 

The EURUSD is treading water ahead of Draghi’s conference

 

The EURUSD was trading a leg lower as equity markets rallied awaiting Draghi’s conference this week. Although inflation is weak, the European Central Bank (ECB) is expected not to ease this month and to keep rates unchanged thus giving the EURUSD a possibility of another rally as it breaks 1.1330 to reach 1.1365 and 1.1398 respectively.

 

However, a push below 1.1250 is needed for the EURUSD to extend its bearish move toward next support levels 1.1220 and 1.1190.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD_lg_zpsojw7zxiq.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 18th April, 2016

By FxGrow Research & Analysis Team

 

The AUDUSD erased gains despite better than expected Chinese GDP data

 

The AUDUSD surged higher and tests near the major resistance level 0.7740 as China’s GDP meets forecast. The AUDUSD needs a candle above 0.7745 to regain its momentum and to open an uptrend toward 0.7770 and 0.7820 respectively.

 

Alternatively, the AUDUSD turns downward and trades lower as the RSI warned that the Aussie run might have come to an end and Michigan survey on Friday supported the downturn movement. Breaking the support point 0.7630 will push the AUDUSD lower near next support levels 0.7605 and 0.7585.

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD_lg_zpsnkotix7w.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 19th April, 2016

By FxGrow Research & Analysis Team

 

The EURUSD playing above 1.1300 ahead of ECB meeting on Thursday

 

The economic recovery in the Euro zone and the higher surge in oil prices pushed the EURUSD higher at 1.1345. Market volatility rise as Fed policymaker claimed to stay more cautious about interest rate hike this year after showing that US economic conditions are favorable awaiting further data to be released, thus putting pressure on the US dollar. Breaking the first resistance point 1.1345 will extend gains to 1.1370 and 1.1405 as next resistance levels.

 

However, Dovish ECB comments will affect the EURUSD negatively and a push below 1.1275 is needed to trigger a bearish move toward 1.1245, 1.1220 and 1.1190 respectively.

 

http://i68.tinypic.com/1zfkm05.jpg

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 20th April, 2016

By FxGrow Research & Analysis Team

 

The AUDUSD hits new high of the year

 

The AUDUSD increased to its highest level this year reaching 0.7826. Chinese data and firmer US Dollars supported the Aussie rally and finally the Australian dollar reached the key resistance level 0.7815. Trading above 0.7760 will open the door for the AUDUSD to expand its bullish momentum touching near-term resistance levels 0.7840 and 0.7890.

 

However, the AUDUSD uptrend might have come to an end as the sentiment and the RSI warns that the Aussie rally has completed and cutting 0.7745 would confirm a bearish signal near 0.7715 and 0.7680 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD_lp_zpsbg1n9rvx.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 20th April, 2016

By FxGrow Research & Analysis Team

 

The EURUSD downtrend may be resuming

 

The EURUSD is recovering after it fell to 1.1234 its lowest level in two weeks. Sluggish US Dollars and better than expected German Zew data created bullish signals for the euro and a push through the 1.1400 and 1.1500 zone is needed to clear the chance of a bearish trend. Breaking 1.1400 will trigger an uptrend to reach 1.1435, 1.1455 and 1.1475 as near-term resistance points.

 

Alternatively, failing to cut 1.1400 would indicate a bearish movement and trading below 1.1315 would extinguish the weakness of the EURUSD to target 1.1280, 1.1265 and the 23.6% Fibonacci retracement 1.1240.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD_OP_zpsu4s9l9n9.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 21st April, 2016

By FxGrow Research & Analysis Team

 

GBPUSD might face a strong downtrend ahead of retail sales

 

The GBPUSD rally might have come to an end on expectations of weak retail sales and that the Bank of England (BOE) is going to adapt a dovish outlook for monetary policy. The GBPUSD breaks the strong resistance level 1.1400 but then decreased failing to expand its way higher and cutting 1.4300 will trigger a downward movement to reach near-term support levels 1.4270 and 1.4225.

 

However, the GBPUSD needs a push above 1.4382 to terminate the bearish sentiment and therefore the pair have confluence of resistance levels near 1.4440, 1.4480 and 1.4520.

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD_lg_zpsvca3kxc1.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 21st April, 2016

By FxGrow Research & Analysis Team

 

The EURUSD is under pressure ahead of ECB meeting

 

The EURUSD failed to cut 1.1390 giving signs of a bearish movement especially after Draghi’s press conference as he announced to deliver easing rather than further cuts in interest rates. Speculations of more easing and breaking the major support point 1.1285 will extend the bearish trend near next support points 1.1245, 1.1215 and 1.1190.

 

However, the EURUSD topside targets are still on the way as Draghi keeps the door open to further support the monetary union and a close near 1.1360 is needed to create a bullish move toward 1.1380, 1.1420 and 1.1460 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD_mp_zpsu2unxx8d.png

 

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.

[asgard2]

Pretty good job with the the forecasting

[FxGrow Support]

Pretty good job with the the forecasting

 

Dear asgard2,

 

FxGrow strives to deliver outstanding, innovative, and professional trading services to its clients and partners through the use of state of the art technology. All of our business strategies are built on a framework of the highest ethical standards and values. At FxGrow, Integrity, Transparency and Commitment are more than ideals; they are a way of life.

 

Best Regards

FxGrow Support

[FxGrow Support]

FxGrow Daily Technical Analysis – 22nd April, 2016

By FxGrow Research & Analysis Team

 

The EURUSD struggled after ECB meeting

 

The EURUSD failed to cut the key resistance level 1.1400 as the ECB kept rates unchanged. Draghi’s comments put the euro under pressure below 1.1300 after claiming that the ECB policy of printing money and keeping borrowing cost at lower levels was working, thus increasing speculations that the ECB is ready for further easing in the coming months. Breaking 1.1255 will open the door for a downward trend toward 1.1235, 1.1190 and 1.1170.

 

However, the EURUSD needs a push above 1.1370 to trigger an upward move toward 1.1405 and 1.1450 respectively.

 

http://i63.tinypic.com/2hn0uf6.jpg

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 25th April, 2016

By FxGrow Research & Analysis Team

 

GBPUSD bottom might have found an end

 

The GBPUSD scaled a 5 week high at 1.4475 after US president Barack Obama visit to UK urging Britons to stay in the European Union. The GBPUSD was also supported by policy makers who disagree with UK exiting the Euro zone. Breaking 1.4485 give signs that the downside trend obviously comes to an end and the pair will continue sliding higher toward strong resistance levels 1.4525 and 1.4565.

 

However, the GBPUSD needs a push below the pivot point 1.4385 in order to continue its bearish sentiment reaching next support levels 1.4345 and 1.4325 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD_lm_zpsnixwlfqk.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 25th April, 2016

By FxGrow Research & Analysis Team

 

The reaction to the EURUSD is to be limited ahead of monetary policy bets

 

The Euro was flat against the dollar after it touched a 4 week low at 1.1215 as Draghi claimed that rates are likely to remain at current levels (near lows). The EURUSD is anticipated for more declines as central bank policies prompt inflation protection and breaking 1.1200 will continue shrinking toward near term support levels 1.1185 and 1.1155.

 

However, the 1.1400 zone is still in place as the EURUSD cuts 1.1285 thus breaking out and triggering an upward move toward 1.1355 and 1.1385 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD_lk_zps3o2xsdjs.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 26th April, 2016

By FxGrow Research & Analysis Team

 

The GBPUSD breaks an inverse head and shoulder

 

The GBPUSD finally broke the inverse head and shoulder yesterday and rallied above the 100 days moving average touching the strong the strong resistance level 1.4520. Monday’s gap gives the GBPUSD a bullish signal ahead of the FOMC meeting minutes and UK GDP, and breaking 1.4525 will push the GBPUSD higher toward next resistance levels 1.4545 and 1.4565 respectively.

 

Alternatively, hawkish statements from Fed and week UK GDP will force the pound backward and cutting 1.4465 provides a declining wave toward 1.440 and 1.4410.

 

http://i1148.photobucket.com/albums/o568/onestore40/GBPUSD_hs_zpsi7seaz0f.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 26th April, 2016

By FxGrow Research & Analysis Team

 

The USDJPY is struggling ahead of BOJ meeting

 

The Japanese Yen rose again amid speculations that the bank of Japan (BOJ) may expand stimulus at policy meeting on Thursday. The USDJPY touches 2 weeks high at 1.1188 before opening a leg lower this morning and remains in the bearish formation ahead of both BOJ meeting and Japan’s CPI data. Breaking 1.1030 might continue its downtrend movement toward 109.80 and 109.40.

 

However, bearish RSI is still strong for the USDJPY and thus the pair might continue to advance awaiting further data and breaking 1.1160 might ends the bearish signal and continue increasing to reach next resistance points 112.10 and 112.50.

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY_lk_zps5x8lfpim.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 27th April, 2016

By FxGrow Research & Analysis Team

 

The Aussie tumbled on soft CPI data

 

The AUDUSD fell sharply near 0.7605 after disappointing inflation data. This drop in Australia’s consumer prices raises speculations that the reserve bank of Australia (RBA) may cut rates or at least keep their easing program in play thus putting more pressure on the Aussie. Breaking the long-term support 0.7595 creates a bearish signal toward 0.7555 and 0.7525 respectively.

 

However, the RBA statement and rate cut decision could support the Australian Dollar and the AUDUSD could rally again after breaking 0.7775 thus touching next resistance levels 0.7805 and 0.7835.

 

http://i1148.photobucket.com/albums/o568/onestore40/AUDUSD_lk_zps0mw8xpiv.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 27th April, 2016

By FxGrow Research & Analysis Team

 

The EURUSD may have found an end to its downward movement

 

The EURUSD is recovering after 1.1216 lows breaking the minor support 1.1298 giving signs that the Euro is pressing back to 1.1400- 1.1500 zone. A push near the 14.6% Fibonacci Expansion 1.1355 may lead to a corrective wave and continue increasing to reach 1.1385 and 1.1410.

 

However, the EURUSD will remain under pressure ahead of FOMC statement on expectations that the Fed will keep the door open for rate hike in June and cutting 1.1280 provide a lower leg again toward 1.1255, 1.1230 and 1.1215 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/EURUSD_lu_zpsvjorc0ir.png

 

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.

[FxGrow Support]

FxGrow Daily Technical Analysis – 28th April, 2016

By FxGrow Research & Analysis Team

 

The Yen strengthened as BOJ maintains policy balance rate

 

The Japanese Yen surged higher as the Bank of Japan (BOJ) left monetary policy unchanged. The BOJ was away from further easing and forecasted that the CPI will hit the 2% target in 2017 boosting the Yen. The USDJPY is in a downturn territory and breaking the support level 107.90 tends to create a strong downtrend toward 107.60, 107.30 and 106.90.

 

However, the USDJPY needs a push near 109.80 again to clear the downward movement and to reach 110.40 and 110.80 respectively.

 

http://i1148.photobucket.com/albums/o568/onestore40/USDJPY_lu_zpsdohrjqxt.png

 

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.