In the US, Unemployment Rate, measures total work unemployed force (by percentage) that looking for jobs during the last month.

Ben Bernanke weakened the dollar with an extended pledge for low rates: until late 2014. and a hint about the possibility of a third round of QE. While the US economy grew at a higher pace than in previous quarters, the pace is still moderate and seems insufficient for convincing the Federal Reserve to stop easing. PMIs and job figures are also an important part of the composition of the decision, and we’ll get fresh data now. Let’s start:

In the US, Unemployment Rate, monthly report to value the all work force by percentage that is looking for jobs over the past month, rise is forecasted up by 0.1% from December up to 8.7%.

Last week the EUR/USD plunged to its lowest level since September 2010, following Italy’s failure of raise sufficient funds from its recent bond auction. Italy is likely to become the first EU country to enter recession, increasing concerns in the European continent. Unlike the grim situation in the EU, the US market is doing rather well with satisfactory employment data, elevated consumer sentiment and improved housing figures. Is there hope for a general recovery in 2012?

In the US, Unemployment Rate, monthly percentage indictor to value the jobless that are looking for jobs on the past month, about to remain 0.9%.

Apart from the debt crisis, figures around the globe have been mixed. The drop in Chinese manufacturing PMI was worrying, but German Business Climate provided a rather rare positive surprise with an addition of 0.2 points reaching 106.6 and in the US, Core Durable Goods Orders increased by 0.7%, well above expectations, also Unemployment claims remained below the 400,000 line reaching 393,000, broadly within expectations.

G20 Meetings (Day 2), the Group of Twenty (G20) is an important global policy-making figure effective at the uppermost level, which impact the cash markets.

Last week the US economy grew at an annual pace of 2.5% in Q3 2011, slightly higher than the 2.4% growth expected and US weekly unemployment claims also came close to the 400K predicted with a reading of 402K. Meanwhile Progress on Europe’s debt crisis achieved at the EU summit in Brussels when Italian Prime Minister Silvio Berlusconi presented a plan of economic reforms in reply to the EU ultimatum demanding swift action to boost growth and reduce Italy’s huge public debt. Greece will be under close supervision while implementing the required reforms and in turn the bailout deal to Greece will wave off 50% ofGreece’s bond debt to banks. Will this dramatic week be a turning point for the EU economy and how will this affect global markets?

 In the US, Unemployment Rate, important monthly measurement to rate the all work force by Percentage that are looking for employment, 9.1% is forecasted similar to the previous time.

Hopes towards a huge bailout fund in Europe began meeting reality. Also the more immediate matters, such as the next tranche of aid for Greece, aren’t resolved. The troika returned to Athens, but the deal isn’t done. Not yet. Last week US jobless claims fell to 391K indicating recession is not around the corner. Is this promising figure an indicator that the unemployment rate would bring the US economy and job market back on track? We have many important figures leading up to the NFP.