A relatively quiet day for data may mean a more subdued Friday for markets.

The EURUSD made some modest gains overnight, after it looked like it was headed for $1.11. The pair opened at $1.10284 and dipped to lows of $1.10221 shortly after opening. The euro then climbed to a high of $1.10731 mid-session before falling away in late trading. It is now trading at $1.10447. The pound rallied heavily into $1.25 territory overnight after beginning the day at $1.24702. It traded flat early before edging down to lows of $1.24731 mid-session. The pound climbed off those lows and rallied late in the day to peak at $1.25599. It has come off those highs and is now trading at $1.25233.

The Dow ended the session in negative territory overnight after opening at 27,177.39. The index slid in early trading, hitting a low of 27,006.72 mid-session. It rebounded off those lows and peaked at 27,279.01 in late trading. It gave up a large chunk of those gains and is now trading at 27,107.31. The Dax was more fortunate overnight, posting modest gains. The German index began the day at 12,410.27 and dropped to lows of 12,346.76 early in the day. It bounced off those lows and marched its way up to a high of 12,470.47 late in the day. It has edged back down since then and is now trading at 12,340.07.

The day ahead is light-on for data, which could lead to a quieter day for markets. Friday, however, has a knack of producing something that puts markets on edge. Will we see the same today?

Data published today includes:

NZ – Credit Card Spending

UK – BoE Quarterly Bulletin

Canada – Retail & Core Retail Sales

Europe – German PPI, European Consumer Confidence

US – FOMC Members John Williams and Eric Rosengren speak

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