Weekly Market Comments - Monday 31 May 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.2212 - 1.2095. After this move down it should go up to 1.2417 - 1.2505 area.
USD-CHF	One move lower to 1.1484 or 1.1375 is anticipated while below 1.1644 - 1.1699 area. Stop loss above 1.1804 zone.
GBP-USD	It should trade higher to 1.4627 or above 1.4795 in extention. Supports at 1.4359 and 1.4275. Stop loss below 1.4091 zone.
USD-JPY	It should test 92.01 area after which a sell off down to 89.64 or extended to 88.39 area is expected.
USD-CAD	There are initial signs of a good corrective recovery towards 1.0687 or even 1.0768. Supports at 1.0483 and 1.0359 zone.
NZD-USD	It should test 0.6936 area after which a sell off down to 0.6611 or extended to 0.6436 area is expected.
AUD-USD	It should test 0.8807 area after which a sell off down to 0.8178 or extended to 0.7880 area is expected.
EUR-JPY	Market should hold major support at 108.06 before rising towards 113.87 or even 116.21 limit.
EUR-CHF	While above 1.4168 - 1.4075 zone a corrective dip could test 1.4260 or 1.4409. After which it should resume his downtrend.
EUR-GBP	No comment!
EUR-CAD	It looks more likely that it would rise to 1.3211 - 1.3512 from 1.2897 or 1.2746. After which a downside move is expected.
EUR-NZD	There are initial signs of a good corrective recovery towards 1.8376 or even 1.8515. Supports at 1.8021 and 1.7805 zone.
EUR-AUD	There are initial signs of a good corrective recovery towards 1.4869 or even 1.5013. Supports at 1.4459 and 1.4194 zone.
GBP-CHF	While below 1.6800 - 1.6871 it is more likely to fall further towards 1.6674 or 1.6619. Premature rise above 1.6871 could see it rising above 1.6982 zone.
GBP-JPY	It should trade higher to 133.90 or above 136.37 in extention. Supports at 129.54 and 128.30. Stop loss below 125.18 zone.
GBP-CAD	There are initial signs of a good corrective recovery towards 1.5369 or even 1.5435. Supports at 1.5192 and 1.5081 zone.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.7390 or even 1.7519. Supports at 1.7032 and 1.6804 zone.
CAD-JPY	It should test 89.47 area after which a sell off down to 83.42 or extended to 80.41 area is expected.
NZD-JPY	It should test 63.83 area after which a sell off down to 59.38 or extended to 57.06 area is expected.
AUD-JPY	It should test 81.04 area after which a sell off down to 73.39 or extended to 69.73 area is expected.
XAG-USD	It should test 19.02 area after which a sell off down to 17.74 or extended to 17.08 area is expected.
XAU-USD	It may attempt a test higher to 1216.62 - 1229.57 after which weakness may set it to a drift down to 1188.82 limit.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
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.