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EUR/USD- Trading the German Unemployment Report

From dailyfx.com

What’s Expected: Time of release: 01/03/2013 8:55 GMT, 3:55 EST Primary Pair Impact: EURUSD Expected: 10K Previous: 5K DailyFX Forecast: 5K to 15K Why Is This Event Important: Unemployment in Germany is expected to increase another 10K during December and the persistent weakness in the labor market may weaken the EURUSD as the euro-area faces a deepening recession. Indeed, the weakening outlook for Europe’s largest economy may prompt the European Central Bank (ECB)to embark on its easing cycle throughout 2013, and the Governing Council looks poised to push the benchmark interest rate to a fresh record-low as the ... (full story)

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