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GBP/USD was down slightly over the week. The pound flexed some muscle, as the pair pushed close to the 1.60 level, before closing the week at 1.5842. The upcoming week has six releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The markets appeared caught off guard by the most recent US employment figures, which showed a rise in US unemployment claims and weak non-farm payrolls. GBP/USD showed little reaction to the news, as the pair moved very slightly dowwards last week. Will the pair break out of range this week?

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-april-16-20/"]GBP/USD Outlook April 16-20[/URL][/I][/B]

Euro/dollar couldn’t really recover from the recent fall and eventually close a bit lower as Spanish worries intensified. Will it make a bigger break out of range? Two major German surveys are the highlights awaiting us. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Spain is under growing pressure from all sides: EU inspectors landed in Madrid, Italian officials aren’t too kind and most importantly, the markets are sending Spanish yields higher. The ECB has already hinted about reigniting the bond buying scheme, but may forced to introduce LTRO 3. Also in the US, things were already better: jobless claims broke out of range and joined the weak NFP. QE3 still has low chances, but ...