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FOREX.com Expects Improving Global Recovery in 1Q 2011 Markets Outlook
U.S. Stimulus Measures Pave the Way for an Improved U.S. Outlook in the New Year; Gold and Silver to Shine Further; 2010 Eurozone Debt Crisis Far From Over

NEW YORK and LONDON, Jan. 4, 2011 /PRNewswire/ -- Improved U.S. growth prospects could spark gains for risk assets, like stocks and commodities, while the debt crisis in Europe may get worse before it gets better, according to an outlook presented by FOREX.com, a division of GAIN Capital, in its 1Q 2011 Markets Outlook report.

"The passage of the U.S. tax cut extension and additional stimulus measures paves the way for an improved U.S. outlook, which is a positive for the overall global recovery's prospects. Further, we believe the potential for a "double dip" recession is now over," said Brian Dolan, chief currency strategist, FOREX.com.   "In the Eurozone, problems remain as we head into 2011.  So far, the credit crisis in the peripheral nations has not spread to a currency crisis, but this could change if Spain were to require a bailout."

Other expectations from the FOREX.com 1Q 2011 Markets Outlook include:

  • Euro remains vulnerable to on-going impasse between ECB and national governments over debt crisis resolution mechanism
  • China's growth to slow only marginally, with inflation likely to remain elevated
  • Australia continues to chug along and the Australian dollar continues  to outperform despite the Reserve Bank of Australia staying on hold
  • The New Zealand dollar underperforms as the Reserve Bank of New Zealand takes a more dovish stance
  • Anticipated higher gold and silver prices; in particular, XAU/EUR to reach new all-time highs
  • Improved demand and tightening supply likely to push crude oil prices higher

The FOREX.com research team highlights potential technical levels for key pairs, such as EUR/USD, GBP/USD, USD/JPY, USD/CAD, and AUD/USD.  Key cross-currency pairs like EUR/JPY and EUR/GBP are also covered.

The FOREX.com Markets Outlook provides commentary and market forecasts with its view of the direction of the world's major currencies as well as key commodities including gold, silver and oil. The report is prepared by Mr. Dolan, Research Director Kathleen Brooks and Senior Technical Strategists Daniel Hwang, Chris Tevere and Eric Viloria.

The full FOREX.com 1Q 2011 Markets Outlook Report is now available on the company's websites at www.forex.com and www.gaincapital.com.

Forex and spot metals trading involves significant risk of loss and is not suitable for all investors.

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online foreign exchange (forex or FX) trading and related services, including contracts-for-difference (CFDs) trading. Customers and trading partners in more than 140 countries have utilized the company's award-winning trading platform.

GAIN Capital provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms.  GAIN also operates FOREX.com, one of the largest and best-known brands in the retail forex industry.

With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo and Seoul, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Agency (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.

For company information, visit www.gaincapital.com or www.forex.com.

SOURCE GAIN Capital Holdings, Inc.

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