Mohammed Kazmi, Portfolio Manager for UBP's Global & Absolute Return Fixed Income team, breaks down the UK Election and Trade deal impact on forex, rates and credit markets.

Mohammed Kazmi, Portfolio Manager for UBP's Global & Absolute Return Fixed Income team, breaks down the FOMC meeting taking place today, where the committee will announce its interest rate decision and Jay Powell will host a press conference.

Traders were glued to Twitter waiting for any news release from Donald Trump. Twitter has become a more reliable source of breaking news.

Not nice, Mr. Powell! Gold prices fell more than 1% after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market?

Fed Chair Jerome Powell shook the markets by stating the obvious. Powel said that ”every participant in the FOMC submits a projection of what they feel is going to happen to the economy and also their projection for appropriate monetary policy.

Investors were on edge ahead of Jerome Powell’s highly-anticipated Humphrey-Hawkins testimony to the House Financial Services Committee.

The U.S. dollar turned positive against a number of foreign currencies after opening the new week lower. There wasn’t any news out to support it.

U.S. equity markets posted their biggest one-day loss since August 2017 with the Dow dropping 362 points and the S&P 500 losing 31.10, both over the 1% mark. The fall came just hours before the President gave his State of the Union speech on Capitol Hill and hailed the strength of the U.S. economy, the strength of the stock market and the continued trend of job creation.