15:30 MSK. US: Retail Sales for August.
The euro exchange rate against the dollar forex forecast for EURUSD today 09/13/2019
At present, it formed a mixed background for the single European currency. On the one hand, it is possible to expect growth of quotations of the euro, as the ECB did not go to drastic measures. Yes, the central bank lowered the deposit rate at 0.1%, but QE is only from November 1 and by only 20 billion euros. Initially, investors were counting on QE in the amount of 30 billion euros and from 1 October. Thus, Mario Draghi, who was the penultimate meeting as head of the Central Bank did not take decisive action. Why? Perhaps he left "room for maneuver" of the future head of the ECB C. Lagarde, who will replace Draghi in November. The ECB lowered its forecasts for inflation and GDP in the 2019-2020 GG and said that QE will last as long as it takes. This statement immediately had to do not like D. Trump, who in his every social. network wrote the following: "The European Central Bank acted quickly and lowered interest rates by 10 bps. n. They are trying, and they do, to devalue the euro against the strong US dollar, which has US exports. The Fed continues to sit. They are paid for what they borrow money, and we pay the interest! "Trump as usual PR.
On the other hand, the launch of QE from the ECB forms the bullish rally in the stock markets, which in turn lead to gold sales. This is a negative signal for the euro, which has a strong correlation with the precious metal. I expect the reduction of quotations of gold in the area in 1485 in the short term.
EURUSD recommendation: flat 1.1010 -1.1090