It seems that the COVID situation in Europe is getting out of control. Starting this weekend, Londoners will be banned from mixing with other households, and residents of Paris and other major French cities face a curfew for four weeks. More restrictions and business closures are already in place in the Czech Republic, Slovakia, Hungary, Poland, Germany, and other European nations.
Moreover, yesterday's EU leaders Brexit talkies failed to produce any progress, and time is running short for the leaders to reach an agreement. The EURUSD pair fell to 1.17 afterward.
In commodities, choppy and indecisive trading continues as the WTI oil oscillates around the important 40 USD barrier, while gold and silver are also moving sideways.
Later in the session, the EU CPIs are due, along with trade balance data.
Moreover, the afternoon session will bring US retail trades, which is an important indicator.