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The British pound continued to impress, as GBP/USD climbed another 130 pips, closing the week at 1.6250. The upcoming week has six releases, including three key PMI releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

GBP/USD continues to climb, as the pound has done very well against the dollar in 2012.The pair has benefited from some weak US economic data and the announcement by the Fed that it has no plans to raise interest rates for the foreseable future. As well , there has been some improvement in some economic indicators in the UK, such as solid PMI readings and higher consumer confidence.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-april-30-may-4/"]GBP/USD ...

Dollar/yen continued moving down, despite more QE in Japan and no QE3 in the US. Will the Japanese authorities intervene at these levels? Average Cash Earnings is the major event this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week the BOJ held its monetary policy meeting and decided to loosen further its monetary measures by expanding its asset purchase program by another 5 trillion yen to 70 trillion yen. The bank also decided to keep rates between 0-0.10%. Will this action succeed to boost Japanese economy?Let’s Start:

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-apr-30-may-4/"]USD/JPY Outlook Apr. 30-May 4[/UR ...

Euro/dollar remains in range, as fears on both sides of the pond increased but remained balanced. With the narrowing channel closing on the pair, perhaps we . The main event of this busy week is the rate decision by the ECB, which will come after inflation and employment figures. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

The spotlight on Spain becomes stronger: S&P cut their credit rating and almost every 1 in 4 Spaniards is unemployed. Purchasing managers’ indices have shown that the situation is serious in Europe, as have other indicators across the continent. US economic indicators have been worrying as well, but but the general picture is not bad enough for QE3.
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