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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]

Euro/dollar fell even further as the crisis deteriorated but recovered from the abyss as bold statements were made by Draghi and other figures. It is now delivery time in a very critical week for the euro. Apart from the highly anticipated rate decision, the calendar is packed with events . Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Greece unsurprisingly missed most of its targets, Spanish regions are falling one by one, and Italy is getting closer to elections. Unsustainable bond yields became even more unsustainable. It is always darkest before dawn, and Draghi can bring this dawn. Leaders of Germany and France joined ECB president Draghi in pledging to do everything to save the ...