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[B]The British Pound received good figures today, such as the GDP estimate, but is still bound in a range. Here are 3 things that push it up, three things that push it down, and some thoughts on what will move it away from the range – with the downside seeming more likely.[/B]

[B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/gbp-usd-outlook/"]GBP/USD[/URL][/B] is trading almost perfectly between 1.5110 and 1.53. Here are some of the reasons for this see-saw.

Read the rest of the article about [URL="http://www.forexcrunch.com/what-will-move-the-pounds-range/"][I][B]GBP/USD range[/B][/I][/URL].

[B]The forex markets are giving in to widespread fear about the Greek debt. We are seeing a full market reaction – a perfect risk aversive behavior, with one huge loser – EUR/JPY. Will it continue plunging?[/B]

Growing worries about the never ending Greek debt problems are strongly reflected in the market. I wrote about the [B][URL="http://www.forexcrunch.com/eurusd-3-reasons-why-this-fall-will-be-strong/"]3 reasons why EUR/USD will be hit hard this time[/URL][/B]. So, the Euro, the currency used in Greece, continues to fall. The failure of European leaders to end this crisis sends EUR/USD toward the 2010 low of 1.3267. But the Euro is not alone:

The currencies that benefit from fear are the US dollar ...

[B]Australian job figure were inline with expectations. This was enough for the Aussie against the Euro, but not against the greenback. Update on the Aussie.[/B]

Background: earlier this week, the Australian central bank, [B][URL="http://www.forexcrunch.com/aussie-rides-on-fifth-hike/"]RBA, raised the rates to 4.25%[/URL][/B], far higher than the rest of the world. Some analysts anticipated this move, but there was no consensus. The Aussie moved higher, breaking above March 17th high 0f 0.9250, and getting close to the ultimate resistance line of 0.9327.
A surprise in job figures could push it higher. But something else happened:

Read the rest of the article about [URL="http://www.forexcrunch.com/australian-jobs-arent-enough-against-the-greenback-strength/"][I][B]Australian ...

[B]A very busy day expects forex traders: rate decisions from Europe and Britain, Australian employment figures and the weekly jobless claims are the highlights. Let’s see what’s up.[/B]

The Canadian dollar doesn’t receive any figures today, but it will still draw attention. [B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/usd-cad-outlook/"]USD/CAD parity[/URL][/B] is here for the first time in 20 months, and it seems that it’s here to stay. OK, let’s start the review:

Australia provides a strong start to the day with the employment figures. Employment Change is predicted to show a gain of 20,200 jobs while the Unemployment Rate will probably remain unchanged at 5.3%. This might push ...