The economic calendar is quite light today. The only half decent data pieces today were the New Zealand trade balance in the early hours of the morning and the German business climate. They were both positive but didn´t affect the respective currencies a great deal. Later today we´ll have the Canadian interest rate statement which is expected to remain the same, so the price action today will be prone to technicals and market sentiment.

 The positive trade balance numbers only managed to move the NZD by 25 pips