Working on literature review as well as trying to download the data to a server where there is enough space to fit it. This is problematic since the data is 55GB-which is quite big.
Got a hard drive for storing the 55GB of data and started performing MATLAB experiments on it.
Had trouble opening the csv file containing the data at the beginning, however, after much surfing of the net, I found a csv file splitter at this URL: http://www.fxfisherman.com/forums/forex-metatrader/tools-utilities/75-csv-splitter-divide-large-csv-files.html#post727.
This split the csv file into over 7000 csv files which were easier to open.