Service sector PMIs will be released around the globe and the ADP employment report will kick off the payrolls party hear at ForexLive. Thursday we get central bank meetings in the UK and Eurozone (where Trichet will shameless gloat over the success of the stress tests, damn him…). Friday: The Employment report.

Ah yes, the employment report. Markets are not expecting much given the weak string of data of late. Overall payrolls are expected to fall 63,000 while private employment is seen rising 90,000.