The US dollar made an impressive comeback after a weak start in a volatile week. US housing Data and the EU Economic Summit are the highlights of this week. Have Spain and Greece been stabilized for now? Here is an outlook on the main market-movers on out menu for the next seven days.
In Greece, the pro-bailout parties won and formed a government, but now the real task of renegotiating the bailout begins. For Spain, the hopes of direct bond buying managed to calm the markets after yields rose to new records. Looking at the markets, the situation is far from being calm. In the US, economic data continued to disappoint as the Philly Fed Manufacturing Index nose-dived, jobless claims rose and also other figures disappointed. However these soft figures did not induce QE3 in June but it keeps the door open for this option in the future. Let’s Start
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-june-25-29/"]Forex Weekly Outlook June 25-29[/URL][/I][/B]
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