Daily Market Comments - Monday 25 May 2009

[RTFX-Trading]

EUR-USD	One move lower to 1.3910 or 1.3820 is anticipated while below 1.4026 - 1.4071 area. Stop loss above 1.4142 zone.
USD-CHF	It may meet resistance in 1.0847 - 1.0865 zone for a drift down to 1.0794 zone, after which bounce to 1.0918 is anticipated.
GBP-USD	Currently uptrend should end around 1.5941 - 1.5983 area. A correction down to below 1.5795 is expected. A rise above 1.6057 will abort the expected correction.
USD-JPY	It should trade higher to 95.1967 or above 95.5833 in extention. Supports at 94.3300 and 94.1367. Stop loss below 93.4633 zone.
EUR-JPY	Current rise seems to be over near 132.8700 or 133.5833 for a retracement towards 132.1567 - 131.7400 area.
EUR-CHF	Decline should be supported around 1.5168 - 1.5149 zone for rally to above 1.5220. A clear break of 1.5149 will damage this expected rally.
EUR-GBP	Preferred view is for a fall to 0.8782 - 0.8763 while 0.8821 - 0.8840 area resists. A clear break of 0.8878 would be bullish.
USD-CAD	Market should not go lower than 1.1113. After this move down it should go up to 1.1330 area.
NZD-USD	While below 0.6222 - 0.6261 it is more likely to fall further towards 0.6156 or 0.6129. Premature rise above 0.6261 could see it rising above 0.6315 zone.
AUD-USD	Current rise should end around 0.7882. Objectives of this downmove are 0.7784 or 0.7727. A rise above 0.7923 is again bullish.
XAG-USD	While below 14.7750 - 14.8900 it is more likely to fall further towards 14.5650 or 14.4700. Premature rise above 14.8900 could see it rising above 15.0800 zone.
XAU-USD	One move lower to 951.4866 or 945.1233 is anticipated while below 959.7449 - 962.9266 area. Stop loss above 968.0033 zone.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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