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.