Later in the day, the Bank of England's meeting is due. The central bank is expected to keep rates and its pace of bond purchases on hold and may move further away from the idea of negative rates as the UK benefits from a rapid vaccination campaign.
During the US session, jobless claims will be released, along with factory orders and nonfarm productivity.
In the FX, the greenback is accelerating higher, with the EURUSD pair breaking below the important 1.20 handle. We warned of a large head and shoulders pattern, which materialized and has potential toward 1.1750.
Moreover, the USDJPY pair jumped above 105.00 and is up seven days in a row, another strong signal that the USD might have already found its bottom.