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Euro dollar kicked off the week with a gap lower, as the Greek haircut deal isn’t getting closer, to say the least. While the gap has already been closed, Greek worries come from various directions and weigh on the single currency. Without many indicators today, the news from the euro-zone will continue rocking the pair.

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-jan-23-greek-drama-sends-pair-lower/"]EUR/USD – Greek Drama Sends Pair Lower[/URL][/I][/B]

Gold and silver ended the week with moderate gains and thus continued their January rally. Will this rally continue today? In the meantime, speculators continue to raise their bet on metals the most in recent months. There are still negotiations between holders of Greek bonds and Greece regarding a debt swap; this news will continue to occupy the news cycle. Today, the Bank of Japan will decide on its interest rate.
For the complete gold & silver prices forecast for January 23rd see here in Trading NRG
Gold rose on Friday by 0.57% and reached $1,664.0; silver also sharply increased by 3.82% and reached $31.68. The Euro/USD slipped on Friday by 0.29% to reach 1.2931.

The Swiss franc gained over 200 pips against the dollar last week, closing at the 0.9330 level. The upcoming week is a quiet one, with only two releases. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF.

The Euro had an outstanding week against the major currencies, and the Swiss franc took full advantage. However, the euro is vulnerable with the deep financial crisis in the eurozone, and we could see the dollar quickly rebound against the Euro and the franc.

USD/CHF daily graph with support and resistance lines on it. Click to enlarge:

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdchf-outlook-january-23-27/"]USD/CHF Outlook January 2 ...

Oil prices only slightly slipped during last week, which is similar to their slow downward trend in recent weeks. What is up ahead for crude oil prices in the penultimate week of January? Let's analyze the oil market and examine the main news items and events that may influence the oil market.
For the complete outlook of the oil market for the week of January 23-27 see here in Trading NRG
On Friday, January 20th oil price (WTI) declined by 1.92% to $98.46/b; Brent also fell by 1.13% to $109.63/b; during last week, WTI slipped by 0.24% and Brent by 1.12%.

Standard Deviation
The standard deviation of the prices of oil has been declining in recent months as seen in the chart below; this finding suggests ...