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Euro/dollar closed the month with a bang, rising from the abyss to high levels as hope from the EU Summit took over any doubts. Are we set for more gains? Or will the rally fade out as in past summits. The rate decision is the main event of this week. Will the ECB finally cut rates?Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Germany finally made concessions and agreed to direct buying of bonds and injecting capital into banks. This comes with quite a few conditions, and some details are still lacking. Despite some obvious holes, this rally was stronger and lasted more time than the post Spanish bailout and post Greek elections rallies. The ball now moves to Draghi’s court: he can ...

The Canadian dollar eventually made big gains against the greenback, with USD/CAD at critical support. Important events such as Building Permits Employment data and Ivey PMI are scheduled this week. Here is an outlook on the for the events moving the loonie and an updated technical analysis for USD/CAD.

The EU Summit gave the biggest boost the Canadian dollar, and it rose higher together with risk currencies and oil prices. The Canadian economy grew by 0.3% in April better than the 0.2% growth predicted mainly due to a boost in wholesale trade. This welcome increase is likely to affect the second quarter growth rate assumed to strengthen to 2.7% from the 1.9% recorded in the first quarter of the year. Will Canadian growth rate ...

The US dollar erased the gains in the previous week on the surprising outcome of the EU Summit. The dollar’s fall lasted longer this time. So is this a game changer for all currencies? Or just a longer rally until the mood dampens again? US Non-Farm Payrolls and rate decisions in the UK, Australia and the euro-zone are the highlights of a busy week that begins a new month and a new quarter. Here is an outlook on the main market-movers ahead.

The leaders of the EU decided on allowing the bailout funds to directly buy bonds and recaptilize the banks, providing a lot of hope for resolving the debt crisis. There are quite a few conditions there, but the markets seem to ignore them now, as stocks and risk currencies gain. In the ...

EUR/USD leaped around 200 pips on the announcements made in the EU Summit. The decision to give an equal status to the bailout funds and avoid the scenario of the Greek subordination is definitely good news. The direct bank recapitalization decision is still full of holes, big ones. There are quite a few indicators on the agenda, but the EU Summit digestion and another topic rule markets: the month, quarter and half year draw to an end, and some last minute scrambling could make markets very wild today.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-june-29-leaps-on-eu-summit-decisions-as-quarter-ends/"]EUR/USD ...