Daily Market Comments - Monday 19 October 2009

[RTFX-Trading]

EUR-USD	One more dip to 1.4872 or 1.4840 is likely followed by a grind higher to 1.4931 - 1.4958. After which it can resume its downtrend.
USD-CHF	Current upmove should be ended around 1.0204 - 1.0229. Any correction consolidation should find support in 1.0157 - 1.0135 zone.
GBP-USD	One move lower to 1.6272 or 1.6188 is anticipated while below 1.6377 - 1.6419 area. Stop loss above 1.6482 zone.
USD-JPY	Should test support at 90.4867 while below 90.8800. If support at 90.4867 holds it can rise up to 91.2967, if not it should fall to below 90.0933 zone.
USD-CAD	While below 1.0408 - 1.0448 it is more likely to fall further towards 1.0335 or 1.0301. Premature rise above 1.0448 could see it rising above 1.0515 zone.
NZD-USD	It looks more likely that it would rise to 0.7475 - 0.7558 from 0.7373 or 0.7331. After which a downside move is expected.
AUD-USD	It looks more likely that it would rise to 0.9254 - 0.9336 from 0.9148 or 0.9107. After which a downside move is expected.
EUR-JPY	A corrective rise should ideally test 135.9567 or even higher than 136.5633. Supports are at 135.0100. Stop loss below 134.3633 zone.
EUR-CHF	Our preferred view is for a drift down to 1.5155 or below 1.5140. Resistances is at 1.5158. A rise above 1.5189 would delay but not abort this expected fall.
EUR-GBP	It may meet resistance in 0.9107 - 0.9130 zone for a drift down to 0.9070 zone, after which bounce to 0.9166 is anticipated.
EUR-CAD	Current rise should end around 1.5523. Objectives of this downmove are 1.5383 or 1.5304. A rise above 1.5584 is again bullish.
EUR-NZD	It should trade higher to 2.0251 or above 2.0355 in extention. Supports at 2.0049 and 1.9997. Stop loss below 1.9847 zone.
EUR-AUD	It should test 1.6295 area after which a sell off down to 1.6155 or extended to 1.6072 area is expected.
GBP-CHF	One move lower to 1.6547 or 1.6435 is anticipated while below 1.6673 - 1.6729 area. Stop loss above 1.6799 zone.
GBP-JPY	One move lower to 147.4367 or 146.2533 is anticipated while below 148.9750 - 149.5667 area. Stop loss above 150.5133 zone.
GBP-CAD	One move lower to 1.6835 or 1.6691 is anticipated while below 1.7001 - 1.7073 area. Stop loss above 1.7167 zone.
GBP-AUD	While below 1.7854 - 1.7928 it is more likely to fall further towards 1.7730 or 1.7681. Premature rise above 1.7928 could see it rising above 1.8026 zone.
CAD-JPY	It looks more likely that it would rise to 88.1567 - 88.7733 from 87.3750 or 87.0667. After which a downside move is expected.
NZD-JPY	There are initial signs of a good corrective recovery towards 67.6700 or even 67.9033. Supports at 67.0750 and 66.7133 zone.
AUD-JPY	A corrective rise should ideally test 84.0467 or even higher than 84.7433. Supports are at 82.8300. Stop loss below 82.3033 zone.
XAG-USD	It should test 17.5900 area after which a sell off down to 17.2467 or extended to 17.0433 area is expected.
XAU-USD	It should test 1057.3499 area after which a sell off down to 1044.7700 or extended to 1037.0500 area 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.