Daily Market Comments - Thursday 04 June 2009

[RTFX-Trading]

EUR-USD	Prefer a fall to 1.4136 or 1.4069. Then a correction to 1.4250 is anticipated. A clear break of 1.3974 is again bearish.
USD-CHF	Currently uptrend should end around 1.0724 - 1.0765 area. A correction down to 1.0651 - 1.0620 is expected. A rise above 1.0828 will abort the expected correction.
GBP-USD	There is bearish potential for a fall to 1.6152 while 1.6407 - 1.6489 resist. After this fall a recovery up to 1.6489 or 1.6572 is expected.
USD-JPY	It may attempt a test higher to 96.2000 - 96.4767 after which weakness may set it to a drift down to 95.4267 limit.
EUR-JPY	There is bearish potential for a fall to 134.8267 while 136.4133 - 136.9700 resist. After this fall a recovery up to 136.9700 or 137.5267 is expected.
EUR-CHF	Market should go down to 1.5155 - 1.5136 area .If this crucial support zone holds it should resume higher to 1.5201 - 1.5246 zone.
EUR-GBP	It should trade higher to 0.8723 while 0.8650 or 0.8628 offers support. Stop loss below 0.8606 zone.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1117 or 1.1216 if support around 1.1006 hold. After which a pullback to 1.1006 - 1.0950 zone is possible.
NZD-USD	Market should not go lower than 0.6308 - 0.6220. After this move down it should go up to 0.6458 - 0.6521 area.
AUD-USD	null
XAG-USD	There is bearish potential for a fall to 15.3150 - 15.0033 while 15.6267 - 15.8050 resist. After this fall a recovery up to 15.8050 or 15.9833 is expected.
XAU-USD	There is bearish potential for a fall to 962.0900 - 952.6967 while 971.4833 - 976.7600 resist. After this fall a recovery up to 976.7600 or 982.0367 is expected.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.