Global macro overview for 30/09/2015
The report on the German unemployment was released today at 7:55am GMT posting data on an unchanged jobless rate at the level of 6.4%. Nevertheless, the joblessness has increased in September from 2,000 to 2,795 and it was bigger than analysts’ expectations of a 5,000 drop. This unexpected rise in unemployment might be the first sign of economic risk as the EU most important country and economic engine might have just run up against global headwinds.
The technical picture of EUR/USD still shows lack of decision as the pair is trading inside of the consolidation zone between the levels of 1.1297 and 1.1086 on the daily chart.
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