There's the monthly budget statement

Other than the US government monthly budget statement at 1900 GMT (2 pm ET) and a speech from the BOE's McCafferty, there is nothing on the economic calendar for US traders.

So far, that's good news for markets as USD/JPY has traded in a sub-30 pip range so far today. In turn, S&P 500 futures are up 30 points after a late, 38-point rally on Friday.

On net, the quiet backdrop and the absence of any kind of negative weekend news leaves sentiment in a good spot, but that can all change in a heartbeat.

The interesting move at the moment is in USD/CAD as it climbs close to 1.26 despite a bounce in oil prices. It's part of a hint of strength in the US dollar at the moment.