Weekly Market Comments - Monday 07 December 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.5051 - 1.5256 from 1.4833 or 1.4731. After which a downside move is expected.
USD-CHF	Difficult to predict the next move. If first down it should hold 1.0066 or 1.0024. If first up it should face resistance in 1.0181 - 1.0254 zone to 1.0024 zone.
GBP-USD	While below 1.6448 - 1.6517 it could fall towards below 1.6176. Rise above 1.6585 could activate some bullish pattern.
USD-JPY	It should trade higher to 92.2227 while 89.0463 or 88.1870 offers support. Stop loss below 87.3277 zone.
USD-CAD	Market should hold major support at 1.0344 before rising towards 1.0664 or even 1.0748 limit.
NZD-USD	While below 0.7154 - 0.7192 it could fall towards below 0.7011. Rise above 0.7228 could activate some bullish pattern.
AUD-USD	Resistances lie around 0.9234 and 0.9279. It should test lower towards 0.9054 zone. A clear break of 0.9015 would be bearish.
EUR-JPY	It should trade higher to 136.2813 while 132.6257 or 131.6625 offers support. Stop loss below 130.6993 zone.
EUR-CHF	If market stays below 1.5103 a fall to 1.5062 is expected. If market breaks the point 1.5121 it could reach the sky.
EUR-GBP	It looks more likely that it would rise to 0.9123 - 0.9220 from 0.9008 or 0.8960. After which a downside move is expected.
EUR-CAD	Market should not go lower than 1.5658 - 1.5561. After this move down it should go up to 1.5828 - 1.5900 area.
EUR-NZD	It looks more likely that it would rise to 2.0995 - 2.1241 from 2.0710 or 2.0587. After which a downside move is expected.
EUR-AUD	There is bearish potential for a fall to 1.6103 while 1.6302 - 1.6367 resist. After this fall a recovery up to 1.6367 or 1.6432 is expected.
GBP-CHF	It may attempt a test higher to 1.6753 - 1.6848 after which weakness may set it to a drift down to below 1.6537 limit.
GBP-JPY	It should trade higher to 151.6247 while 146.3383 or 144.9570 offers support. Stop loss below 143.5757 zone.
GBP-CAD	One more dip to 1.7329 - 1.7245 is likely followed by a grind higher to 1.7490 - 1.7569. After which it can resume its downtrend.
GBP-AUD	It should trade higher to above 1.8134 while 1.7911 - 1.7837 offer support. Stop Loss below 1.7688 zone.
CAD-JPY	Current rise seems to be over near 85.6795 or 87.1627 for a retracement towards 84.1963 - 83.3850 area.
NZD-JPY	It should trade lower to 63.0825 or 60.2020 in extension while 64.8255 - 65.9630 offer resistance. A break of 67.1740 will damage this bearish view.
AUD-JPY	It should trade higher to 84.3307 while 81.4263 or 80.6435 offers support. Stop loss below 79.8607 zone.
XAG-USD	While below 18.5040 or 18.6947 it could fall towards below 17.9203 or 17.3367. After which a corrective/consolidation activity is expected to 18.9865 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1193.5496 or even 1208.8237. Supports at 1154.1371 and 1129.9988 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.