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[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] has lost ground and is showing volatility in Thursday’s European session, following the release of weak PMI numbers out of the Eurozone, Germany and France. The euro is also under pressure as Cyprus rejected a bailout package which included a contentious bank tax. In the US, the Federal Reserve said it would continue its current round of QE. On Thursday, Spain holds an auction for 10-year bonds. In the US, it will be a busy day as there are three key releases – Unemployment Claims, Existing Home Sales and the Philly Fed Manufacturing Index.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]Here is a quick update ...

[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] remains under pressure as the Cyprus bailout crisis deepens. The Cypriot parliament met in an emergency session on Tuesday and voted overwhelmingly to reject the conditions for a EUR10 billion bailout, which includes a controversial tax on all bank deposits in Cypriot banks. Looking at economic news, German ZEW Economic Sentiment sparkled, while Eurozone ZEW Economic Sentiment slumped badly. In the US, Building Permits posted its best performance since 2008. Wednesday brought more mixed data from the Eurozone, as German PPI declined, while Eurozone Current Account easily beat the estimate. In the US, all eyes are on the ...

[COLOR=#444444][FONT=Arial][B]The British pound finally turned things around last week, climbing around two cents against the US dollar. The pair closed at 1.5114. This week’s highlights include CPI and Claimant Count Change.[/B][B]Here is an outlook of the events and an updated technical analysis for GBP/USD.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]British data was nothing to write home about, as housing and manufacturing numbers fell below expectations. However, the pound took advantage of weak manufacturing and consumer confidence numbers in the US, and enjoyed its best weekly rally so far in 2013.[/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]GBP/USD graph with support and resistance lines on it. Click to enlarge: [URL="http://www.forexcrunch.com/wp-content/uploads/2013/03/GBP-USD-Forecast-Mar-18-22.png"][IMG]http://www.forexcrunch.com/wp-content/uploads/2013/03/GBP-USD-Forecast-Mar-18-22-350x196.png[/IMG][/URL][/FONT][/COLOR] ...

[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/usd-jpy-forecast/"]USD/JPY[/URL] was on a roll, finally taking out the 95 line and reaching levels last seen in August 2009. Will we see a continued march towards 100 or a period of consolidation now? Core Machinery Orders , BSI Manufacturing Index and Monetary Policy Meeting Minutes are the highlights of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]Both houses of the Japanese parliament approved the appointment of Haruhiko Kuroda and two other BOJ members. They will start working this week, and there is speculation that they will make an emergency ...