German Unemployment - Leaked Perhaps but good follow thru

This morning at 3:55 EST (8:55 GMT) the Unemployment data from Germany was released. It was a better print and with last night's agreement of Eurozone members at their latest meeting and also reports of a increased take-up by european banks of the next LTRO, the markets have been risk on.

Here is the data:

Germany Unemployment Change
Estimates- Median: -10k Average: -9k Range: -30k to +10k
Actual: -34k Prior: -22k Revised: -25k
Germany Unemployment Rates (s.a)
Estimates- Median: 6.8% Average: 6.8% Range: 6.6% to 6.9%
Actual: 6.7% Prior: 6.8% No Revision

The German DAX stock index had been selling off during the beginning of the european session, while the commodity currencies were rallying and the EURUSD and GBPUSD where holding near their swing highs for the overnight asian session.

Here is a 1 minute chart of the DAX, notice how it started rallying 3 minutes before the actual release:

Next is the 10 second chart of the EURUSD, the pair took out its swing highs from the Asian Session just below the 1.3200 round figure handle, making a swing low heading into 8:55 gmt:

Also the 5 minute chart of the EURUSD to show a bit more perspective of the overnight move leading into the European session: