Fed, existing home sales up deck
The other part of Fed-watching is Fed-waiting and that's what the market will be doing on Monday ahead of tomorrow's Humphrey Hawkins. East coast traders -- as usual -- stayed up too late for the Oscars but the calendar is light. Greece is a risk but everyone is expecting the list to be delivered eventually.
The most-notable economic data point is the January existing home sales report. It's expected at 4.95m at 10 am ET (1500 GMT) but hard to envision how it could be a market mover. FX options roll off at the same time. The most notable are 1.6B EUR/USD options in the 1.1320-35 range. Afterwards, the downside might loosen up again.
The ECB's Mersch is speaking at the London School of Economics now and some headlines may trickle in later.
USD/JPY is in a bit of a slide at the moment and threatening the Asian low. We'll keep our eyes out for news.
