Yohay

Ben Bernanke and his colleagues are unlikely to make an outstanding statement for now. QE3 is always an option that the market is buzzing about, but it seems that the Fed will leave the scene for ECB this time.

Apart from taking no action at all after the recent decision to extend “Operation Twist”, the Fed might extend another one of its lightweight measures or pretend it has more bullets and hint about more actions.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/fed-could-extend-or-pretend-fomc-preview/"]Fed Could Extend or Pretend – FOMC Preview[/URL][/I][/B]

The upcoming rate decision in the euro-zone holds very high hopes for a big bang (even full QE) that will change the course of the debt crisis, after ECB president Draghi and European leaders said they will do everything to save the euro.

However, there are 5 reasons to doubt that Draghi will indeed deliver on the closely watched decision on Thursday. Here are the reasons to be wary of the decision that will rock markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/5-reasons-why-draghi-could-disappoint/"]5 Reasons Why Draghi Could Disappoint[/URL][/I][/B]

EUR/USD started the week by sliding. The close under critical resistance proved to be a bearish signal. Doubts began creeping about what Draghi could actually deliver in the rate decision. The president of the ECB and European leaders pledged to do everything to save the euro, but Germany objects the most critical measures such as direct and immediate bond buying. Markets remain cautious at the wake of this critical week for the euro.

Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-july-30-losing-steam-as-doubts-about-draghis-moves-creep/"]EUR/USD Losing Steam as Doubts About Draghi’s Moves ...

GBP/USD moved upwards during the week, as the pound gained over one cent against the dollar, closing at 1.5734. There is a host of key releases in the the upcoming week including the Official Bank Rate, Asset Purchase Facility and three PMIs. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

The pound took advantage of some weak data out of the US, including Pending Home Sales and GDP figures. As well, speculation that the Fed may step in to help the US economy led to some weakness in the US dollar.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-july-30-august-3/"]GBP/USD July 30 – August 3[/URL][/I][/B]