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While buyouts are looming, political bashing of drug prices has died down, says Michael Brush.

The US central bank elected to keep interest rates unchanged at 0.5% yesterday, but also signaled that a move higher is possible at the December meeting. The reaction of the market was immediate, as US stock indices surged and the USD traded weaker against its counterparts. Investors will continue to look for higher yields in the stock market for the coming months and we certainly expect global indices to rise during the day.

The Federal Open Market Committee (FOMC) will gather today at 19:00 UK time in order to announce its interest rate decision and make future projections about the US economy. As of this moment, just 20% of analysts are suggesting that the US central bank will hike rates by 0.25%, but most are ruling out such move before the US presidential elections in November. Trading EUR/USD and GBP/USD higher might be a good idea today, as traders expected to close the Long USD positions before the event.

People usually assume that it is better to hire professionals to manage their funds, but recent studies have largely disproved that claim.

The Bank of Japan (BOJ) is scheduled to make its interest rate decision on Wednesday and hold an important press conference, during which additional steps of monetary easing could be publicized. On the contrary, the Fed, which is gathering in the same day, expected to leave interest rates in the US unchanged for now, but a move before the end of 2016 is still on the cards. Trading the JPY lower ahead of BOJ meeting could be a good idea.

U.S. stocks finish lower on Friday as weak oil prices pressure energy shares…

The International Energy Agency (IEA) announced yesterday that the oil market will take more time to rebalance than previously expected and the supply continues to outpace future oil demand. Traders reacted to the news quickly as oil prices plunged more than two percent during the European trading session. We expect the WTI oil to trade weaker today ahead of the Crude Oil Inventories report in the US.

Apple's iOS 10 update is causing major headaches for some users

Apple users who were quick to download its latest iOS 10 software on Tuesday…

Some minor events are scheduled in the economic calendar for today, but the markets are nevertheless expected to be highly volatile following the selloff in US equities on Friday. The leading US indices dropped more than 2% and the European stocks are also trading sharply lower in the morning session, as several Fed officials made some bullish remarks regarding the potential interest rate hike. Trading higher on safe havens such as Gold an JPY might be a good idea during the day.