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Euro dollar kicked off the week with a gap lower, as the Greek haircut deal isn’t getting closer, to say the least. While the gap has already been closed, Greek worries come from various directions and weigh on the single currency. Without many indicators today, the news from the euro-zone will continue rocking the pair.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-jan-23-greek-drama-sends-pair-lower/"]EUR/USD – Greek Drama Sends Pair Lower[/URL][/I][/B]

The Swiss franc gained over 200 pips against the dollar last week, closing at the 0.9330 level. The upcoming week is a quiet one, with only two releases. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF.

The Euro had an outstanding week against the major currencies, and the Swiss franc took full advantage. However, the euro is vulnerable with the deep financial crisis in the eurozone, and we could see the dollar quickly rebound against the Euro and the franc.

USD/CHF daily graph with support and resistance lines on it. Click to enlarge:

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdchf-outlook-january-23-27/"]USD/CHF Outlook January 2 ...

Dollar/yen finally broke out of range, but this was only temporary. Will another attempt succeed? The rate decision and trade balance are the highlights of this busy week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week Japan’s core machinery orders jumped 14.8% from October. This climb was much higher than predicted, suggesting companies spent more capital yielding to the market demand following last year’s earthquake. Meantime, Tertiary Industry Activity went down more than predicted dropping 0.8% in November after 0.7% gain in the prior month. Let’s find out what’s in store for us this week.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-january-23-27/"]USD/JPY ...

The Australian dollar rose over 200 pips against the greenback, ending the week at the 1.0470 level. There are four indicators being released in the upcoming week. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.

Increased speculation about a Greek default and concerns about the eurozone did not affect the aussie, as traders were busy snapping up the Australian currency this week.

AUD/USD graph with support and resistance lines on it. Click to enlarge:
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-january-23-27/"]AUD/USD Outlook January 23-27[/URL][/I][/B]