Markets steady as focus turns to the Fed -....>

FOREX: Markets steady as focus turns to the Fed

- Markets are pretty steady early Monday with recent ranges being respected

after Friday's NFP fallout. USD is among the weakest so far, with other haven FX

following suit. At the stronger end, Scandi currencies are outperforming with

NOK and SEK at the top of the pile. USD/NOK has hit a new multi-month low in the

process and is on track to record a ninth consecutive daily decline.

- European equities are mixed-to-lower, with but US futures are outperforming,

with the e-mini S&P adding just shy of 20 points ahead of the NY crossover and

hitting a new recovery high of 3211.50 in Asia-Pac hours. Cyclicals trade better

in Europe, with energy and financials at the top, while healthcare and consumer

staples are weaker.

- Data is few and far between Monday, with just Canadian housing starts on the

docket. ECB's Lagarde is due to be speaking in front of the European Parliament

at 1445BST/0945ET. This should keep focus on the key risk events later in the

week, with the Federal Reserve rate decision due Wednesday alongside a fresh

round of economic projections.