Weekly Market Comments - Monday 20 July 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4133 or 1.4212 for a retracement towards 1.4054 - 1.3998 area.
USD-CHF	null
GBP-USD	It looks set for gains to 1.6537. Supports at 1.6188 and 1.6091. A break of 1.5839 will damage this bullish structure.
USD-JPY	It should test 96.8500 area after which a sell off down to 92.5733 or extended to 90.7967 area is expected.
EUR-JPY	Difficult to predict the next move. If first down it should hold 130.5150 or 129.5267. If first up it should face resistance in 133.2600 - 135.0167 zone to 129.5267 zone.
EUR-CHF	Currently uptrend should end around 1.5204 - 1.5231 area. A correction down to 1.5153 - 1.5129 is expected. A rise above 1.5279 will abort the expected correction.
EUR-GBP	While below 0.8663 - 0.8703 it is more likely to fall further towards 0.8550 or 0.8471.
USD-CAD	Market should not go lower than 1.1139 - 1.0962. After this move down it should go up to 1.1415 - 1.1515 area.
NZD-USD	Currently uptrend should end around 0.6471 - 0.6563 area. A correction down to 0.6313 - 0.6247 is expected. A rise above 0.6695 will abort the expected correction.
AUD-USD	It should trade higher to 0.8160 while 0.7931 or 0.7860 offers support. Stop loss below 0.7790 zone.
XAG-USD	It looks set for gains to 13.7600. Supports at 12.9250 and 12.7400. A break of 12.0900 will damage this bullish structure.
XAU-USD	It should trade higher to 949.6333 while 928.8066 or 922.0499 offers support. Stop loss below 915.2933 zone.

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.