Oil market continues declining after a substantial growth on Monday’s session opening.
Following a two-day meeting of the FOMC, it was decided to reduce the interest rate by 0.25% to maintain high growth rates amid a slowdown in economic activity in the global economy.
The pair EUR / USD reacted quite calmly to the Fed's decision to lower the interest rate.
At Thursday's trading, the price of gold is gradually recovering after a sharp decline on the Fed's decision to soften monetary policy.
Oil market locally is trending down amid reports that Saudi Arabia would quickly restore full production volume.
After an unexpected decline on Monday, on Tuesday, buyers were able to restore all previously lost positions.
U.S. President Donald Trump announced that a trade agreement between the U.S. and China could be signed before the presidential election in 2020.
Gold continues to consolidate in a very narrow range, awaiting the outcome of a two-day FOMC meeting.
So, the fourth quarter is fast approaching, which means that there are only 3 months left before summing up and evaluating the effectiveness of portfolio management in 2019 by Wall Street financial funds.
Oil market retains upward movement vector amid escalation of the situation in the Middle East.
