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The Australian dollar pushed higher during the week, but gave up most of those gains, to close the week at 1.0058. The upcoming week has only three releases . Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.

Housing Starts were very weak, and Chinese data indicated further contraction in the manufacturing sector, which is weighing on the Australian dollar.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-june-25-29/"]AUD/USD Outlook June 25-29[/URL][/I][/B]

Euro/dollar reached out to new highs after the Greek elections but couldn’t hold on to them, eventually ending lower. The EU summit is the main event of a busy week, and hopes are high. Will we see another disappointment that will send the pair lower? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Spanish yields made new records and they stabilized thanks to refreshing German flexibility: the EFSF bailout fund will be able to buy bonds directly. The exact manner of how this will work is still to be seen. Spanish stability is also critical for Italy. Greece managed step back from the headlines after pro-bailout parties won the elections and formed a new government. However, Greece ...

The US dollar made an impressive comeback after a weak start in a volatile week. US housing Data and the EU Economic Summit are the highlights of this week. Have Spain and Greece been stabilized for now? Here is an outlook on the main market-movers on out menu for the next seven days.

In Greece, the pro-bailout parties won and formed a government, but now the real task of renegotiating the bailout begins. For Spain, the hopes of direct bond buying managed to calm the markets after yields rose to new records. Looking at the markets, the situation is far from being calm. In the US, economic data continued to disappoint as the Philly Fed Manufacturing Index nose-dived, jobless claims rose and also other figures disappointed. However ...

EUR/USD fell to support and stalled for a while. It now resumes the downfall. It took the markets some time, but they finally digested that the Federal Reserve is no rush to print. This is also felt in a breakdown of oil price. The global slowdown is helping the dollar. In Europe, the assessment about Spanish banks’ needs seems short of mark, and so does the highly discussed German openness to new measures. Leaders of Germany, France, Italy and Spain are meeting in Rome. Will they send a message that will calm the markets.

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-june-22-falls-as-market-digests-fomc-european-issues/"]EUR/USD ...