News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Hey traders! Get your Monday market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • US Indices pared their earlier gains and have all fallen into the red as trading session advances. DOW -0.87% NDX -0.08% SPX -0.46% RUT -1.03% $DOW $QQQ $SPY $IWM
  • The price of gold is stuck in a small range in early turnover as traders ready themselves for a busy week of potentially market-moving data releases and events. Get your $XAUUSD market update from @nickcawley1 here:
  • ECB President Lagarde: - Hope is still that 2021 is year of recovery - Euro-area growth in Q4 was negative - Recovery has been delayed but not derailed #ECB $EUR
  • #Gold fell back to around $1,850 after testing and rejecting its upper range for the last two weeks as it climbed to a morning high around $1,867. $XAU $GLD
  • Game Stop's surge on the open seemed to knock on to TSLA with some throttling and on to FAANG members with further restraint while the Nadsdaq gapped 1.1% to the upside. NDX/SPX ratio hit a record but it all has started to ease off since the opening drive
  • Taking a look at the technicals, the outlook for EUR/GBP remains weak with last weeks brief break below key support at 0.8860 suggesting as much. Get your $GBP technical outlook from @JMcQueenFX here:
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.12% 🇨🇦CAD: -0.05% 🇯🇵JPY: -0.08% 🇬🇧GBP: -0.18% 🇨🇭CHF: -0.42% 🇪🇺EUR: -0.42% View the performance of all markets via
  • Italy's Conte facing calls to step down from coalition allies - BBG. $EUR
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: 0.43% Wall Street: -0.29% FTSE 100: -0.51% France 40: -0.97% Germany 30: -1.02% View the performance of all markets via
German Unemployment Rises for the Sixth Straight Month

German Unemployment Rises for the Sixth Straight Month

Benjamin Spier, Technical Strategist

THE TAKEAWAY: German unemployment rises by 9k, better than expected -> Economy weighed down by Euro debt crisis -> Euro trading lower

German unemployment rose for the sixth straight month in September, indicating that the job market has worsened along with a recent slowdown of German economic expansion. Unemployment rose by 9 thousand over September, which was less than an expected rise of 10 thousand people looking for work. July’s rise in unemployment was revised higher to 11 thousand.

However, the unemployment rate (seasonally adjusted) remained at a decades low 6.8%. The amount of people unemployed in Germany now totals 2.91 million, according to the Federal labor Agency.

The German economy has suffered because of the Euro debt crisis, and GDP growth slowed to 0.3% in 2Q. A drop in unemployment would be a positive indicator for GDP growth and therefore most likely positive for the Euro.

The Euro did not respond to the better than expected unemployment numbers, but instead EURUSD continued to drop further away from the key 1.2900 level, following news of declining Spanish bank deposits. Support could be provided at 1.2842, by an upward trend channel starting in July.

EURUSD 15-minute: September 27, 2012

German_Unemployment_Rises_for_the_Sixth_Straight_Month_body_eurusd_daily_chart.png, German Unemployment Rises for the Sixth Straight Month

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.