Daily Market Comments - Thursday 03 June 2010

[RTFX-Trading]

EUR-USD	It should test 1.2298 area after which a sell off down to 1.2192 or extended to 1.2135 area is expected.
USD-CHF	No comment!
GBP-USD	While below 1.4652 or 1.4659 it could fall towards below 1.4547 or 1.4441. After which a corrective/consolidation activity is expected to 1.4711 zone.
USD-JPY	Current rise seems to be over near 92.24 or 92.69 for a retracement towards 91.79 - 91.51 area.
USD-CAD	There is bearish potential for a fall to 1.0312 while 1.0443 - 1.0478 resist. After this fall a recovery up to 1.0478 or 1.0513 is expected.
NZD-USD	If market stays below 0.6820 a fall to 0.6750 is expected. If market breaks the point 0.6854 it could reach the sky.
AUD-USD	It may attempt a test higher to 0.8422 - 0.8471 after which weakness may set it to a drift down to below 0.8323 limit.
EUR-JPY	It should trade higher to 113.61 while 112.31 or 111.93 offers support. Stop loss below 111.54 zone.
EUR-CHF	It should try higher up to 1.4154 - 1.4166. Entry point 1.4143 or 1.4133. After this rise, a correction is expected.
EUR-GBP	It should try higher up to 0.8370 - 0.8400. Entry point 0.8340 or 0.8321. After this rise, a correction is expected.
EUR-CAD	Market should not go lower than 1.2706 - 1.2637. After this move down it should go up to 1.2817 - 1.2859 area.
EUR-NZD	There is bearish potential for a fall to 1.7959 - 1.7882 while 1.8036 - 1.8080 resist. After this fall a recovery up to 1.8080 or 1.8124 is expected.
EUR-AUD	While above 1.4542 - 1.4477 zone a corrective upmove could test 1.4641 or 1.4676. After which it should resume its downtrend.
GBP-CHF	There are initial signs of a good corrective recovery towards 1.6998 or even 1.7043. Supports at 1.6892 and 1.6831 zone.
GBP-JPY	Currently uptrend should end around 136.18 - 135.91 area. A correction down to below 133.54 is expected. A rise above 136.85 will abort the expected correction.
GBP-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5561 or under 1.5193 limits.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.7581 or even 1.7642. Supports at 1.7399 and 1.7277 zone.
CAD-JPY	Current rise seems to be over near 88.80 or 89.71 for a retracement towards 87.90 - 87.41 area.
NZD-JPY	It should trade higher to 63.37 while 62.30 or 62.01 offers support. Stop loss below 61.72 zone.
AUD-JPY	It should trade higher to 78.35 while 76.85 or 76.46 offers support. Stop loss below 76.07 zone.
XAG-USD	Market should hold major support at 18.05 before rising towards 18.55 or even 18.74 limit.
XAU-USD	It should be subject to more sell off towards 1215.67 or 1207.84. Corrective upward swings should face resistance around 1229.77 area. A break of 1234.98 is bullish.

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.