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?

In Canada, Leading Index More in Canada, Monthly Index that is based on 10 monetary indicators; is about to decreases from 0.8% on December down to 0.6% now.

Increased speculation about a Greek default and concerns about the eurozone did not affect the aussie, as traders were busy snapping up the Australian currency this week.

We summarize this week Existing Home Sales in the US and Retail Sales in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

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

In the US, Producer Price Index (PPI); primary sign of consumer inflation that value the producer’s price change of finished goods and services, deduction is expected from 0.3% on December down to 0.1%. Meanwhile no change is predicted in the Core PPI (not including food and energy) and 0.1% on this month as well.

In the US, Elizabeth Duke, Federal Reserve Governor is due to speak in Virginia.

With the S&P cutting the credit rating for France and other European countries, the news in Europe continues to be grim, and the franc will likely be affected as well.

Last week, the European Central Bank President Mario Draghi communicated calm and satisfaction with the central bank’s LTRO program saying it has successfully combated credit erosion. That move only provided temporary calm to the markets, until the massive downgrade by S&P for euro-zone countries and the collapse of talks between Greece and the banks. Also US data is beginning to worsen.

In the US, Unemployment Claims, weekly report that is important for monetary health, value new unemployment insurances over the last week, decrement is due from 381K down to 375K now.