In the US, Unemployment Claims, monthly indicator to value the unemployment insurance that was filed on the last week, is predicted to drop down from 377K to 373K this week.

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

In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Monthly Managers Survey to value the business conditions such as new orders, deliveries and inventories, rise is expected from 53.9 points on December up to 54.6 points now. And on the ISM Manufacturing Prices similar rise is forecasted from 47.5 points to 49.5 points.

Bernanke’s pledge to keep interest rates at near-zero levels until late 2014 and the openness towards QE3 hurt the dollar across the board and the euro certainly enjoyed it. And Europe isn’t only Greece: fresh figures provide hope that Europe could avoid an outright recession. Also the downgrade many euro-zone countries by Fitch couldn’t stop the move. of Will this rally continue?

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

In the US, Factory Orders, production leading indicator to value the new manufacturers’ orders over the past month, rise is expected from -0.4% up to 1.9%

Italy had another bad bond auction. It’s not that yields jumped, but if they remain at current levels, the euro-zone’s third largest country will find itself in a debt trap that can bring the whole system down. The pair ended the year over 400 pips lower. Will 2012 see more falls?

In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, measures the number of employed people over the last month (without government & farming industry), rise is expected from 110K on October up to 131K.

Germany failed to cover a routine bond auction, and its yields began rising as well. Will the ECB embark on QE now? Spanish yields remain under control despite another problematic auction while Portugal got a rating downgrade. Greece still awaits aid. Apart from the debt crisis, PMIs provided more evidence of a recession, but at least the IFO survey was positive, but all in all, there are many reasons for continued drops.

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