See ECONOMIC CALENDAR for a complete list of upcoming forex market events and consensus data estimates. Go to the forex forum for up-to-date market developments and technical trading ideas.

The risk is that a draconian budget crackdown  could lead to substantial civil unrest in Greece and elsewhere.

We have been looking over various forecasts for U.S. non-farm payrolls due early Friday in the U.S. Originally some forecasts had looked for a flat to positive figure. However, in the wake of a number of poor weather-impacted economic statistics, estimates for the data have been revised negatively to about -50,000.  Those seasoned in forex trading are wondering if the expected adverse impact of the weather on the data will be giving the USD a pass on the report because it will be seen as a temporary factor. Wednesday sees the monthly ADP Private Employment Report, which can provide an inkling into the Friday employment data.

Any bailout deal will not be popular in Germany and Chancellor Merkel is facing a number of local elections in coming months.

Looking ahead, we are not confident that the sovereign debt issues in Europe will be resolved quickly or easily, they are structural problems that will have to be dealt with over time.

Capital flows have been key factors this week as well. Sometimes they are hard to track because for obvious reasons they are not announced.  There has been chatter of capital reflows into the JPY related to structural changes in the Japanese financial system.

Just when you are thinking that nothing is free in this world anymore, here comes a free day trading software which you can easily access online.  That is good, but what is a free day trading software?  Firstly, it is best to define day trading first.  There are three main ways of doing your forex or stock market trading, position trading, swing trading and day trading.

If it is currency trading on line that you prefer to do over visiting exchanges for your trading and transactions, no better way to do it than via the use of a forex trading software.