The Australian dollar had a quiet start to the week, finishing mixed against the major crosses. The data calendar heats up today with major releases coming from Australia, China, Japan, the Eurozone and United States. The main event in Asia will be the Bank of Japan’s July monetary policy decision. The risk is the bank will do absolutely nothing. The Australian dollar had a slow start to the week, finishing mixed against the major crosses as traders eyed of bigger events ahead. Here’s the scoreboard as at 7am in Sydney. AUD/USD 0.7407 , 0.0007 , 0.09% AUD/JPY 82.26 , 0.23 , 0.28% AUD/CNH 5.0568 , 0.0162 , 0.32% AUD/EUR 0.6327 , -0.0009 , -0.14% AUD/GBP 0.5639 , -0.0003 , -0.05% AUD/NZD 1.0851 , -0.0017 , -0.16% AUD/CAD 0.9654 , -0.0017 , -0.18% As the scoreboard suggests, the moves on Monday were contained and largely irreverent, largely reflecting tweaks to market positioning ahead of a swathe of major economic data and central bank releases. The key theme … [Read more...] about It could be a wild session for the Australian dollar today
The Australian dollar has fallen fractionally in early trade on Monday, a delayed reaction, of sorts, to soft Chinese monetary growth data released on Friday. China will released a swathe of important economic data today, headlined by Q2 GDP. US retail sales data will also be released. Donald Trump and Vladimir Putin will also meet in Helsinki. The Australian dollar has opened the new trading week on the back foot, giving back some of the gains achieved late on Friday. Here’s the scoreboard as at 7.40am in Sydney. AUD/USD 0.7417 , -0.0006 , -0.08% AUD/JPY 83.31 , -0.03 , -0.04% AUD/CNH 4.9744 , -0.0044 , -0.09% AUD/EUR 0.6345 , -0.0011 , -0.17% AUD/GBP 0.5605 , -0.0003 , -0.05% AUD/NZD 1.0964 , 0.0012 , 0.11% AUD/CAD 0.9772 , 0.0007 , 0.07% After climbing earlier in the day, the Aussie fell across the board in European trade following the release of soft Chinese monetary growth data for June, creating renewed concern about a slowdown in the Chinese economy. … [Read more...] about China looks set to dictate what direction the Australian dollar will move today
0 Have your say RIPPING out the half-opened envelope wedged at the back of a drawer and scouring down the printed invoice, the true scale of my debt crisis was laid bare – £38,000 and rising. Every month this hefty mountain grows bigger, with £150 lumps of interest vastly outstripping my repayments and slashing any hope of taming my arrears.Confronted with the sheer scale of my sky-rocketing debt for the first time, you might expect panic to set in. But I was surprisingly relaxed, unfazed by my apparent crisis.Because this is a “debt” like no other. In fact, it is not really debt at all.My lender is the Student Loans Company. Misleadingly titled a “company”, it is much better described on its website as a “non-profit making, government-owned organisation”.It should, quite rightfully, be recognised as the most generous, and most unusual, creditor in Britain.My repayments start if I earn over £21,000 a year. The amount … [Read more...] about Keane Duncan: Debt terrifies today’s students – for no reason
Published May 10, 2018 Markets Motley Fool Facebook Twitter Comments Print Online services veteran Tucows (NASDAQ: TCX) reported first-quarter earnings last night, and the mixed results failed to impress investors. The stock fell as much as 9.4% Thursday morning before bouncing back to a smaller 6% drop. What went wrong in the first quarter? Let's have a closer look. Continue Reading Below Tucows' first quarter by the numbers Metric Q1 2018 Q1 2017 Change (YOY) Net revenue $95.8 million $69.6 million 38% Net income $3.74 million $2.45 million 53% GAAP earnings per diluted share $0.35 $0.23 52% As a lightly covered micro cap, Tucows only had one Wall Street firm offering earnings and revenue estimates for this period. That single-firm forecast called for earnings of $0.58 per share on top-line sales near $89 million, so Tucows crushed the revenue target but fell far short of bottom-line expectations -- thin … [Read more...] about What’s Wrong With Tucows Inc. Today?
Published May 09, 2018 Markets Motley Fool Facebook Twitter Comments Print What happened Shares of network equipment maker Extreme Networks (NASDAQ: EXTR) are having a rough Wednesday. The stock opened 26.8% lower today, following last night's release of disappointing third-quarter results. Continue Reading Below So what In the third quarter of fiscal year 2018, Extreme Networks saw sales rising 76% higher year over year to land at $262 million. On the bottom line, adjusted earnings jumped 60% higher and stopped at $0.16 per share. Analysts had been looking for earnings of $0.21 per share on revenues in the neighborhood of $268 million, so the company fell short of all the headline targets. Now what Extreme Networks's sales growth comes from several acquisitions that closed in 2017. This quarter's negative surprises largely stem from the tricky process of integrating several large business operations into a cohesive whole. The company has focused on … [Read more...] about Why Extreme Networks, Inc. Stock Is Plunging Today