AUD Markets News 

Asian stocks poised for cautious trade on the back of weak sentiment

“South Korea’s Kospi was trading lower by about 0.15 percent” writes Eustance Huang for cnbc.com. Stocks in Asia were trading cautiously in morning trade on Monday following a report suggesting further turmoil for the markets in 2019, and after a Wall Street sell-off on Friday.The heavily-weighted financial subindex fell nearly 1 percent, with shares of Australia’s so-called Big Four banks seeing declines.Meanwhile, Australia’s ASX 200 was trading at around 0.03 percent higher, with the sectors in mixed territory. Source: cnbc.com Share This:

Read More
Crypto News 

Bitcoin ransoms just are not what they used to be

“The people behind a rash of bomb threats made across the United States and Canada on Thursday demanded a $20,000 ransom to be paid in bitcoin” writes Midwest Communications Inc for 95kqds.com. U.S. cyber security firm Chainalysis estimates that from 2012 through 2017, global ransom payments using bitcoin totaled at least $31 million.It shot from $5 a coin at the start of 2012 to nearly $20,000 at this time last year, according to data from Bitstamp, one of the larger bitcoin exchanges. Even the currencies of some crisis-hit economies like…

Read More
Markets News 

CFTC invites comments about Ether technology, markets and risks

“The RFI aims to help the CFTC to understand similarities and distinctions between certain virtual currencies, including here Ether and Bitcoin, as well as Ether-specific opportunities, challenges, and risks” reports financefeeds.com. The United States Commodity Futures Trading Commission (CFTC) welcomes public feedback on its Request for Input (RFI) about the technology, mechanics, and markets for Ether and its use on the Ethereum Network.More broadly, the input from this request is set to assist the CFTC in identifying FinTech trends and related opportunities, challenges, and risks.The Judge agreed with the Commodity…

Read More
Crypto News 

Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say

“An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country” writes Adrian Zmudzinski for cointelegraph.com. As Cointelegraph reported in November, the Indian government is also working on cryptocurrency regulation, with the legislation expected to become public this month.The current climate isn’t friendly overall to crypto enthusiasts in India. Source: cointelegraph.com Share This:

Read More
AUD Markets News 

Asia stocks fall after China reports weaker than expected trade data

“Stocks in Asia traded lower Monday morning following significantly weaker-than-expected Chinese trade data released over the weekend” writes Eustance Huang for cnbc.com. Japan’s Nikkei 225 fell more than 2 percent in early trade while the Topix index dropped 1.88 percent.Over in Australia, the ASX 200 fell 1.71 percent earlier in morning trade to touch lows not seen since Dec. 2016, with almost all sectors seeing losses. Source: cnbc.com Share This:

Read More
Crypto News 

EU Report Considers Blockchain-Based Digital Identities, Tokenized National Currencies

“In its latest report released on Dec. 7, the European Union Blockchain Observatory and Forum (EUBOF) made a case for a blockchain-based digital identity system and digital versions of national currencies” writes Ana Alexandre for cointelegraph.com. Moreover, governments could purportedly use blockchain-based tokens in non-monetary ways, like an e-voucher that can be exchanged for government services. Among other things, the group also cited blockchain tech’s use for protecting citizens’ privacy and making bureaucratic procedures more efficient.While the idea behind blockchain-based self-sovereign identity is that individuals could keep verified personal information…

Read More
News Oil 

Oil-linked currencies rally as OPEC countries reportedly reach agreement to curb production

“Commodity-linked currencies, including the Canadian dollar USDCAD, -0.6501% Norwegian krone USDNOK, -0.5104% and Russian ruble USDRUB, -0.8548% rallied on Friday, following reports that the OPEC members reached an agreement to curb oil production” writes Markets Reporter for marketwatch.com. Meanwhile, the U.S. dollar slipped against their currencies, last buying C$1.3300, down 0.6%, 8.4884 krone, down 0.3%, and 66.1900, off by 1%. Source: marketwatch.com Share This:

Read More
AUD News Oil Regulators 

Asian stocks take a breather after days of declines

“That was a rebound from Thursday, when the index saw declines amid a broader sell-off across the Asia Pacific region” writes Eustance Huang for cnbc.com. Shares of Softbank, which saw significant declines in the previous trading day, extended losses as it fell 2.09 percent on the day.The hard-hit mainland Chinese markets ended the trading day mostly unchanged, with both the Shanghai composite and the Shenzhen composite largely flat at around 2,605.89 and about 1,350.70, respectively. Source: cnbc.com Share This:

Read More
Markets News 

Risk remains in a sour mood ahead of US trading

“US 10-year yields down 2.2 bps to 2.892% Risk will be the key trading theme to look out for in the session ahead as US markets reopen following the closure yesterday” reports forexlive.com. In European trading earlier, China delivered some upbeat comments on trade despite the Huawei case but the relief was short-lived.In the currencies space, the Japanese yen is leading the way while commodity currencies are lagging behind as a result.That put a dent on risk sentiment early on as it called into question whether or not this will…

Read More
Futures Markets News Oil 

Australian markets slip ahead of closely watched OPEC meeting

“Stocks in Australia slipped during Thursday morning trade ahead of a closely watched meeting by the Organization of the Petroleum Exporting Countries (OPEC)” writes Anadolu Agency for cnbc.com. The energy subindex was largely flat ahead of Thursday’s OPEC meeting Meanwhile, futures pointed to a lower open for Japan’s Nikkei 225.The Nikkei futures contract in Chicago was at 21,795 while its counterpart in Osaka was at 21,900.The mainland Chinese markets, in focus due to Beijing’s trade dispute with Washington, are set to open at 9:30 a.m.The ASX 200 slipped 0.2 percent…

Read More