FTSE 100 today: Stocks up as Saudi pact signed, Lloyds warns on mortgages

MUFG’s Michael Wan highlights that the Japanese Yen (JPY) has strengthened sharply, with USD/JPY dropping from around 164 after suspected intervention by Japan’s Ministry of Finance (MoF) and confirmed joint action with the US Treasury. He notes that past joint JPY interventions often coincide with turning points in USD/JPY, but stresses that fundamentals must shift…

USD/CHF extends its losses for the second successive day, trading around 0.8080 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) loses ground as safe-haven demand recedes amid growing diplomatic momentum surrounding a potential agreement to reopen the Strait of Hormuz. Axios reported that the United States (US), Iran, and…

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters The automotive industry’s increasing use of over-the-air technology to update vehicle systems makes it more susceptible to cyberattacks, analysts say, urging more intervention in the…

The EUR/JPY consolidates around 186.00, edges down by 0.06% amid a souring of risk appetite amid the escalation of the US-Iran war, and strengthens safe-haven assets like the Japanese Yen. EUR/JPY Price Forecast: Technical outlook The EUR/JPY trades sideways after reaching the year-to-date (YTD) high of 187.95. The cross-pair dipped toward the 183.00 area following…

According to a majority of economists in a Reuters poll, the Bank of Japan (BoJ) will raise its interest rate again by the end of December and possibly as soon as October, keeping further rate rises in view through next year. 86% of economists expect the BoJ to raise its key interest rate to 1.25%…