Daily Market Comments - Tuesday 01 December 2009

[RTFX-Trading]

EUR-USD	While below 1.5005 or 1.5018 it could fall towards below 1.4951 or 1.4897. After which a corrective/consolidation activity is expected to 1.5044 zone.
USD-CHF	It should test 1.0065 area after which a sell off down to 1.0006 or extended to 0.9959 area is expected.
GBP-USD	Support at 1.6411 or 1.6350 should hold. Then a correction to above 1.6684 is anticipated. A clear break of 1.6259 is again bearish.
USD-JPY	It should trade higher to above 86.8887 while 86.1390 - 85.8987 offer support. Stop Loss below 85.3893 zone.
USD-CAD	It should register further gains to 1.0610 while 1.0525 - 1.0487 caps downside attempts. Stop loss below 1.0439 zone.
NZD-USD	Resistances lie around 0.7190 and 0.7214. It should test lower towards 0.7114 zone. A clear break of 0.7141 would be bearish.
AUD-USD	Current rise should end around 0.9203. Objectives of this downmove are 0.9106 or 0.9053. A rise above 0.9247 is again bullish.
EUR-JPY	While below 129.8210 it might drop to 128.8160 or below 127.9650 zone.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5096 or 1.5100 if support around 1.5076 hold. After which a pullback to 1.5076 - 1.5068 zone is possible.
EUR-GBP	Current upmove should be ended around 0.9140 - 0.9163. Any correction consolidation should find support in 0.9100 - 0.9082 zone.
EUR-CAD	No comment!
EUR-NZD	One more dip to 2.0917 - 2.0864 is likely followed by a grind higher to 2.1017 - 2.1063. After which it can resume his downtrend.
EUR-AUD	Prefer a fall to below 1.6341. Then a correction to above 1.6541 is anticipated. A clear break of 1.6299 is again bearish.
GBP-CHF	It looks set to visit further lower territory down to around 1.6498 - 1.6456. Its corrective attempts should fail ahead of 1.6498 - 1.6613. Stop loss above 1.6698 zone.
GBP-JPY	No comment!
GBP-CAD	Market should pop up towards 1.7453 or 1.7507 this bullish scenario would be damaged if 1.7329 - 1.7259 zone is broken, a severe break down could then occur.
GBP-AUD	It might hold above 1.7937 or 1.7872 for a rise towards above 1.8080. Stop loss below 1.7795 zone.
CAD-JPY	Current rise should end around 82.3313. Objectives of this downmove are 81.2593 or 80.7087. A rise above 82.8527 is again bullish.
NZD-JPY	While below 61.8780 or 61.9587 it could fall towards below 61.3323 or 60.7867. After which a corrective/consolidation activity is expected to 62.2315 zone.
AUD-JPY	While below 79.7267 it is more likely to fall further towards 79.1243 or 78.8410 level.
XAG-USD	It should test 18.8590 area after which a sell off down to 18.2330 or extended to 17.9730 area is expected.
XAU-USD	It should test 1191.4661 area after which a sell off down to 1168.2146 or extended to 1156.8573 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.