The EUR/USD has been trading between 1.4940/50 for the last few hours but that calm is likely to be disturbed when European trade gets underway. The German Ifo data usually adds some spice to the market and with bids at 1.4935/40 and heavy stops below 25/30, we are expecting a lively start to the session. The release of the Fed’s minutes from the last meeting and the revised numbers for US Q3 GDP should also liven things up later in the day.