Markets News 

Dollar remains a tad softer ahead of European markets open

“The more optimistic sentiment is helping to boost currencies like the aussie and kiwi on the day so far” reports forexlive.com. The greenback is joined at the bottom of the pile by the Japanese yen as both currencies are trading softer as markets remain hopeful of further progress in trade talks between US and China later this week.Nonetheless, the pound remains more perky than it was last week, as cable shifts back above the 100-day moving average and the near-term bias is favouring buyers more currently. Looking ahead, we may…

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AUD Markets News Stocks 

Stocks in Australia gain; US-China trade talks set to resume

“Stocks in Australia rose on Monday morning with investors watching out for developments on the U.S.-China trade situation, as negotiations are set to continue in Beijing later this week” writes Eustance Huang for cnbc.com. In Australia, the ASX 200 rose 0.17 percent in early trade, with most sectors seeing gains. Japan’s stock markets are closed on Monday for a public holiday. Source: cnbc.com

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Crypto Markets News 

Major Currencies Gradually Roll Back After Short Recovery, Bitcoin Stays Over $3,600

“BTC has been trading sideways during the last 24 hours, but the coin is still above over its psychological threshold of $3,600 at press time” writes Ana Berman for cointelegraph.com. Its market capitalization has shrunk in last 24 hours to a total of $12.5 billion in comparison to yesterday’s $12.7 billion.The daily trading volume for the last 24 hours is around $18 billion.Its market cap is now around $12.3 billion after reaching $12.5 billion at some point on Saturday, Feb. 9.Sunday, Feb. 10 — while Bitcoin (BTC) is managing to…

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Crypto Markets News 

Crypto bear market threatens to last as potential token supply weighs

“Some digital currency issuers have tried to minimize the impact of price declines by undertaking measures to reduce token supply, with varying degrees of success” reports businessinsider.com. By cutting the number of tokens, companies hope to make the currencies that remain in circulation rarer and more valuable.For digital currencies still in the market, the prospect of incoming supply – some with a predetermined schedule – could pose a challenge to their businesses given the current downturn in the market.ZCash, a more than two-year-old digital currency with strong privacy features, has…

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Markets News Oil Stocks 

Asia markets slip amid fresh concerns over US-China trade

“Stocks in Asia slipped in Friday morning amid growing concerns over the trade fight between the U.S. and China” writes Eustance Huang for cnbc.com. Santos shares fell 4.22 percent, Woodside Petroleum slipped almost 2 percent and Beach Energy dropped more than 9 percent.The international Brent crude futures contract slipped 0.19 percent to $61.51 per barrel while U.S. crude futures fell 0.36 percent to $52.45 per barrel.The energy subindex fell more than 2.7 percent as oil stocks declined on the back of Thursday’s drop in crude prices.The ASX 200 in Australia…

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Futures Markets News 

Commodity currencies lag ahead of European markets open

“The rest of the major currencies bloc remain rather subdued, with EUR/USD sitting in a 10 pips range thus far with little changes from other European currencies against the dollar as well” reports forexlive.com. As for risk sentiment in the session ahead, flat/muted tones are expected but with US equity futures slightly lower (down 0.2%) I would expect European stock futures to mirror that a little. Source: forexlive.com

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AUD Markets News 

Stocks in Asia trade mixed; Softbank shares soar more than 16 percent

“Stocks in Asia traded mixed on Thursday, while U.S.-China trade hopes are up as negotiations are set to continue” writes Eustance Huang for cnbc.com. Japan’s Nikkei 225 slipped more than 0.9 percent in morning trade while the Topix declined 1.14 percent as shares of Fast Retailing fell by 2.59 percent.Softbank Group soared more than 16 percent in morning trade, on the back of its announcement on Wednesday that it would purchase up to 600 billion yen ($5.46 billion) of stock in its largest ever buyback.The heavily weighted financial subindex rose…

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Crypto News 

Indian Govt Panel Worried About Crypto’s Impact on Rupee

“The panel reportedly has reached the final stages of drafting a regulatory framework for the crypto sector operating in the country” writes Arnab Shome for financemagnates.com. After a year of studying the cryptocurrency industry, the Indian governmental committee is tangled on the impact of the digital assets on the country’s fiat rupee, according to a Quartz report.Earlier in many occasions, the Indian authorities had made it clear that they do not take cryptocurrencies as legal tender.The final nail in the coffin was struck by the Reserve Bank of India as…

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AUD Markets News 

Stocks in Australia slip ahead of Royal Commission report

“Asia markets were mixed on Monday morning, with shares in Japan rising while Australian markets traded lower” writes Eustance Huang for cnbc.com. The ASX 200 gained about 0.4 percent in morning trade, with the sectors mostly higher.Stocks in Australia traded lower during Monday morning trade ahead of the release of a landmark report surrounding the country’s beleaguered financial services sector.The heavily weighted financial subindex recovered from its earlier slip to rise more than 0.7 percent as shares of the country’s Big Four banks advanced. Stock markets in China and South…

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Markets News 

Asia markets mostly higher on trade hopes; Chinese manufacturing data disappoints

“Stocks in Asia were mostly higher on Friday afternoon on optimism that the U.S. and China may reach a trade deal” writes Eustance Huang for cnbc.com. Mainland Chinese markets saw gains by the morning session’s end, as the Shanghai composite rose 0.77 percent and the Shenzhen component gained 1.737 percent.Elsewhere in Asia, Japan’s Nikkei 225 traded slightly higher while the Topix index shed 0.22 percent as shares of Fast Retailing advanced around 1.9 percent. Source: cnbc.com

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