[ForexNews]

The upcoming week is going to be particularly full. The results of the financial stress tests are now slated to be announced on Thursday, but the US also has its all-important monthly payroll report on Friday. While markets have shaken off dismal US payroll numbers, this employment report could result in a larger reaction, given the most recent wave of relative optimism about growth
stabilization. Another massive cut in payrolls could splash cold water on hopes for
a more near-term improvement, and result in a knee-jerk USD-positive reaction.
But the flip side is that a positive surprise would be some of the first real data that
would affirm the new optimism and really start to see improvement in macro
indicators besides consumer and business sentiment.

Even more broadly on the G10 front, there is a range of central bank announcements with the Norges Bank (50bp cut to 1.50% expected) on Wednesday, and the Bank of England along with the ECB on Thursday.