A batch of euro-zone and German data came out as expected and was generally positive, with advances on all fronts. However, EUR/USD remains on the back foot as the markets continue digesting the Fed decision. German unemployment change dropped by 9K, exactly as expected. The unemployment rate remained at 6.5% also as predicted. The number of unemployed in the continent’s largest economy after -27K in the previous month. Germany has seen a big drop in unemployment of late. EUR/USD traded just under 1.13 before the publication and remains there afterwards. The euro-zone M3 money supply was expected to continue accelerating with 3.6% y/y after 3.1% beforehand. Private loans were predicted to contract at a slower pace: 0.5% instead of 0.9% beforehand. No surprises were recorded here. It seems that the ECB’s easing measures are making it to the markets. EUR/USD had a late reaction to the Fed decision: Yellen and her colleagues made no material changes and left markets speculating about the timing of the rate hike. They did not go dovish like so many other central banks. The FOMC voted unanimously on a statement to remain patient on rate hikes and also on a cautiously optimistic view of the US economy. Tomorrow we get US GDP data for Q4. And later today, we received the preliminary inflation figures from Germany. The pair eventually slipped around 1.1330 to under 1.13. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD falls towards 0.78 on monetary policy divergence speculation Yohay Elam 8 years A batch of euro-zone and German data came out as expected and was generally positive, with advances on all fronts. However, EUR/USD remains on the back foot as the markets continue digesting the Fed decision. German unemployment change dropped by 9K, exactly as expected. The unemployment rate remained at 6.5% also as predicted. The number of unemployed in the continent's largest economy after -27K in the previous month. Germany has seen a big drop in unemployment of late. EUR/USD traded just under 1.13 before the publication and remains there afterwards. The euro-zone M3 money supply was expected to continue accelerating… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.