The European bank stress tests have been and gone with the market somewhat relieved they were no big surprises. This week, brings central bank meetings in the US,Japan and New Zealand . The market will be looking to the wording of the  Fed statement  for clues as to the timing of rate movements. The USD was generally  weaker overnight versus most currency pairs,however disappointing  IFO data out of Germany has taken the positive sentiment out of the EURO with the market trading off the session highs. The N American calendar will deliver , US Pending Home sales ( 0.5% mom / -1.68% yoy.), Markit PMI Composite and Service data. ( exp 58.22 , 58) and Dallas Fed Manufacturing ( exp. 11).