The Fed sharply increased the pace of asset buying

Events to pay attention to today:

No important statistics are expected.

EURUSD:

The US Federal Reserve has published fresh statistics on asset changes on the balance sheet. Over the past week, the figure has grown by $91.4 billion, against an increase of $8.1 billion a week earlier. The federal reserve has significantly increased asset buying, while the ECB is gradually reducing the rate of purchase of eurozone bonds. Such divergence will have a positive effect on the cost of the EURUSD pair. On the other hand, in the commodity market we see gold sales, which is negative for the euro, since assets historically correlate with each other. If we take into account the inter-market coefficient gold/oil, now the indicator is 23.5 and against this background gold looks overbought. Precious metal until the end of September can easily update the minimum of last month, which is at 1687.74.

Trade recommendation: flat 1.1740 -1.1840.