Global macro overview for 05/01/2016:
The German unemployment fell more than expected in December. Figures released by the Federal Labor Office on Tuesday revealed that the unemployment rate stayed at the same level of 6.3%, whereas seasonally adjusted unemployment last month fell by 14,000, way more than the expected 6,000 figure. The data is signaling the overall good health of the job market in Europe's largest economy.
The EUR/USD pair has broken the important support at the level of 1.0795 (now resistance) and is trading at the next support level of 1.0762.
