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USD/JPY climbed nicely and managed to close the week higher reaching the highest levels in a month. Will this trend continue? Retail sales and Tokyo Core CPI are the major events on out menu this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

The absence of QE3 from the FOMC decision certainly pushed the pair higher. Last week Bank of Japan Governor Masaaki Shirakawa spoke in Tokyo about the global market turmoil following the pro-bailout Greek election outcome saying Japan has to monitor developments in the EU and watch from a worsening of EU stability in the near future. He also referred to the moderate growth rate of Japan’s domestic market claiming it is on the right ...

Oil prices tumbled down during last week along with many other commodities rates such as gold and silver. The FOMC revised down its projection on the U.S economy and in an effort to help jump-start the economy extended its operation twist without adding another expanding stimulus plan This news may have been among the reasons for sharp fall of crude oil prices during last week.. The U.S Philly Fed Index also didn't come out positive and declined in June. If the upcoming U.S reports will continue to show weakness it could further drag down oil prices.
During the upcoming week there are several reports that may affect oil rates including the U.S new home sales, U.S GDP for Q1, core durable goods and U.S jobless claims.
For the ...

The Australian dollar pushed higher during the week, but gave up most of those gains, to close the week at 1.0058. The upcoming week has only three releases . Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.

Housing Starts were very weak, and Chinese data indicated further contraction in the manufacturing sector, which is weighing on the Australian dollar.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-june-25-29/"]AUD/USD Outlook June 25-29[/URL][/I][/B]

Last week gold and silver started off with little movement but by Thursday both precious metals tumbled down. The FOMC decision to continue operation twist throughout the rest of 2012 by $267 billion and not to introduce QE3 may have been among the factors to pull down bullion rates. The Fed also revised down the U.S economic outlook which also may have dragged down commodities prices. Several other U.S related reports came out last week and showed the U.S economy isn't expanding: Philly Fed index declined in June to its lowest level this year; existing home sales had an upward trend during last week. U.S jobless claims didn't change much and declined by only 2k last week.

Gold plunged during last week by 3.76%; Silver, even ...