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The US dollar retreated for a second week in a row, in anticipation of a victory of pro-bailout parties in Greece and for some central bank intervention. The Greek elections are a huge event that is expected to trigger extreme volatility, but it is not the only big one in a week that sees the G-20 summit and a closely watched rate decision in the US. Will global leaders and central bankers make dramatic announcements? Here is an outlook on the market-movers that will shape forex trading this week.

The markets quickly saw the holes in the Spanish bailout announcement, and the initial rally didn’t last too long. The bigger elephant in the room, Italy, continues suffering from unsustainable bond yields. In the US, economic indicators ...

EUR/USD continued its gradual rise and is now battling strong resistance. There are reports about secret polls in Greece which point to a victory of the pro-bailout New Democracy party. This speculation could eventually turn into a short opportunity as results emerge early on Sunday. Yet again, US figures weren’t so good, but not enough for QE3. Also the ECB isn’t likely to move. How will the pair close the week?

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-15-at-strong-resistance-on-hopeful-greek-polls/"]EUR/USD At Strong Resistance on Hopeful Greek Polls[/URL][/I][/B]

EUR/USD rose yesterday (June 13th), following weak PPI and Retail Sales releases out of the US. Analysts and traders will be keeping a close watch as events unfold in in Greece and Spain. The second round of the Greek election will be held on Sunday, and the outcome could determine whether Greece remains in the Euro-zone. The bailout for Spain may be a done deal, but uncertainty remains as details of the package are unclear. In Italy, another bond auction is scheduled for today. Other key releases include US CPI and Unemployment Claims.

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-14-euro-moves-up-as-us-data-disappoints/"]EUR/USD ...

EUR/USD continues to trade in a tight range, as the markets continue to focus on events in Greece and Spain. The second round of the Greek election will be held on Sunday, and the outcome could determine whether Greece remains in the Euro-zone. Spain will be getting a handout, but uncertainty remains as the details of the bailout are unclear. To add to this volatile mix, Italian issues remain on the agenda. With a host of releases today, including Retail Sales and PPI out of the US, will we see the pair break out of the current narrow range?

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-13-trading-in-tight-range-spain-and-greece-uncertainty-continues/"]EUR/USD ...