The data joins other encouraging figures from the continent’s powerhouse: Germany. Could Europe enjoy some stability or will the debt crisis wash everything down the drain?

In the US, Empire State Manufacturing Index, monthly survey to value the general business conditions, rise is predicted from 9.5 points on December up to 10.7 now.

Here are all the details, and 5 possible outcomes for EUR/USD.

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

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

In the US, Producer Price Index (PPI), important consumer inflation sign that value the producer’s goods and services prices, about to reduce from 0.8% on October down to -0.1%, and the Core PPI (not including energy and food) is due to decrease from  0.2% down to 0.1%.

Italian yields crossed the “bailout barrier” of 7% and this alarmed the markets. After Italy’s institutions made progress on passing new austerity measures and some serious intervention from the ECB, the winds changed and the euro managed to recover. Italy is now expected to follow Greece and appoint a non-politician as the head of state. In the meantime, the economies aren’t doing well: there are clear signs that the euro-zone is already in recession as contagion reaches the core. The idea of transferring ECB money through the IMF is gaining traction, and this sent the euro temporarily higher.

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

In the US, Ben Bernanke, Federal Reserve (Fed) Chairman, is expected to lecturer in Boston.

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