The week ahead promises to be eventful.  Three main items stand out: service sector purchasing managers surveys, five major central bank meetings, and the US employment data.  These will take place in the context characterized by a) lingering uncertainty over the direction of Italy, where there is still two weeks before parliament will sit in; b) uncertainty over the impact of the end of the US payroll savings tax holiday and the new spending cuts required by the sequester; and c) a generally strong dollar, which rose against all the major currencies last week and has begun the ... Read More