Daily Market Comments - Tuesday 08 September 2009

[RTFX-Trading]

EUR-USD	Current rise should end around 1.4347 or 1.4362. Objectives of this downmove are 1.4301 or 1.4271. A rise above 1.4393 is again bullish.
USD-CHF	Market should hold major support at 1.0544 before rising towards 1.0620 or even 1.0641 limit.
GBP-USD	It looks more likely that it would rise to 1.6419 - 1.6489 from 1.6337 or 1.6302. After which a downside move is expected.
USD-JPY	While below 93.1900 - 93.3100 it is more likely to fall further towards 92.9550 or 92.8400. Premature rise above 93.3100 could see it rising above 93.5400 zone.
USD-CAD	It may meet resistance in 1.0782 - 1.0797 zone for a drift down to 1.0726 zone, after which bounce to 1.0853 is anticipated.
NZD-USD	One move lower to 0.6892 or 0.6856 is anticipated while below 0.6931 - 0.6949 area. Stop loss above 0.6970 zone.
AUD-USD	One move lower to 0.8520 or 0.8482 is anticipated while below 0.8567 - 0.8586 area. Stop loss above 0.8614 zone.
EUR-JPY	Should test support at 132.9600 while below 133.4100. If support at 132.9600 holds it can rise up to 133.8700, if not it should fall to below 132.5100 zone.
EUR-CHF	Corrective dips should halt near 1.5142 for one more thrust upwards towards 1.5196. Stop loss below 1.5126 zone.
EUR-GBP	Current rise seems to be over near 0.8773 or 0.8792 for a retracement towards 0.8755 - 0.8742 area.
GBP-CHF	There is bearish potential for a fall to 1.7286 while 1.7346 - 1.7367 resist. After this fall a recovery up to 1.7367 or 1.7388 is expected.
GBP-JPY	There are initial signs of a good corrective recovery towards 152.7050 or even 153.0733. Supports at 151.8750 and 151.4133 zone.
NZD-JPY	One move lower to 64.0867 or 63.7033 is anticipated while below 64.5650 - 64.7567 area. Stop loss above 65.0433 zone.
AUD-JPY	One move lower to 79.2367 or 78.8433 is anticipated while below 79.7400 - 79.9367 area. Stop loss above 80.2433 zone.
XAG-USD	Currently uptrend should end around 16.4100 - 16.4433 area. A correction down to below 16.2133 is expected. A rise above 16.5267 will abort the expected correction.
XAU-USD	It should find support in 993.0750 - 991.8366 area for a rally to 999.9532. Unexpected fall below 988.6733 will dent this bullish view.

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.