Daily Market Comments - Thursday 13 August 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4217 - 1.4260 area. A correction down to below 1.4099 is expected. A rise above 1.4334 will abort the expected correction.
USD-CHF	One more dip to 1.0757 - < s1> is likely followed by a grind higher to 1.0814 - 1.0842. After which it can resume its downtrend.
GBP-USD	It looks set for gains to 1.6564. Supports at 1.6435 and 1.6394. A break of 1.6307 will damage this bullish structure.
USD-JPY	It should test 96.3100 area after which a sell off down to 95.2033 or extended to 94.3467 area is expected.
USD-CAD	It looks more likely that it would rise to 1.1029 - 1.1165 from 1.0871 or 1.0803. After which a downside move is expected.
NZD-USD	It may attempt a test higher to 0.6741 - 0.6789 after which weakness may set it to a drift down to 0.6624 limit.
AUD-USD	It may attempt a test higher to 0.8354 - 0.8412 after which weakness may set it to a drift down to 0.8221 limit.
EUR-JPY	It may attempt a test higher to 136.7750 - 137.6733 after which weakness may set it to a drift down to 134.4933 limit.
EUR-CHF	It should try higher up to 1.5305 - 1.5318. Entry point 1.5292 or 1.5281. After this rise, a correction is expected.
EUR-GBP	Currently uptrend should end around 0.8612 - 0.8624 area. A correction down to below 0.8582 is expected. A rise above 0.8640 will abort the expected correction.
GBP-CHF	Current fall is near an end of wave around 1.7714 zone, a rally should then procede to above 1.7841. Fall below 1.7656 would cancel this scenario.
GBP-JPY	It may attempt a test higher to 159.0550 - 160.0767 after which weakness may set it to a drift down to 156.2767 limit.
NZD-JPY	It should test 65.6000 area after which a sell off down to 63.2467 or extended to 61.9633 area is expected.
AUD-JPY	It should test 81.8100 area after which a sell off down to 78.4833 or extended to 76.8767 area is expected.
XAG-USD	It should trade higher to 14.7300 while 14.4300 or 14.3350 offers support. Stop loss below 14.2400 zone.
XAU-USD	It should trade higher to 952.9166 while 946.5733 or 943.6500 offers support. Stop loss below 940.7266 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.