Yohay

The pound continued its free fall, as GBP/USD fell over three cents this week, closing at 1.5358. The upcoming week has 10 releases, including Manufacturing PMI, Construction PMI and PPI Input. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

Manufacturing PMI plummeted in the May release, with the index’s worst performance since June 2009. As well, talk of a Greek exit from the Euro-zone and a lacklustre response to the deepening recession and fiscal crisis in the EZ are weighing heavily on the pound.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-june-4-8/"]GBP/USD Outlook June 4-8[/URL][/I][/B]

Euro/dollar had a fifth consecutive week of downfalls as the situation in Spain is deteriorating quickly, “winning” more negative attention than Greece and Italy. The upcoming week at the wake of the new month is quite busy, with a rate decision by the ECB being the highlight. Will the central bank step up to stabilize the situation? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Conditions are also worsening on the other side of the Atlantic: Non-Farm Payrolls came out below the most pessimistic forecast and downwards revisions also soured the mood. Nevertheless, the chances of QE3 still remain low in the current conditions, and more negativity from Europe certainly cannot be ...

Dollar/yen broke down to levels last seen in February as safe haven flows outweighed all other factors. Current account and Final GDP are the main events this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Also US weakness contributed to the pair’s fall: the Non-Farm Payrolls report was terrible, with a small gain in jobs and significant downwards revisions. Japan’s household spending surprised in April with a third straight year-on-year rise of 2.6%, thanks to a revived government subsidies for buying low-emission vehicles. However retail sales rose below forecasts growing 5.2% while expected a bigger climb of 6.2%. Nevertheless this is an impressive figure indicating growth ...