Forex Gump

Six months after the EU and IMF’s 110 billion EUR rescue package sailed out to save Greece, Ireland agreed to a bailout in order to keep its financial system afloat. With this debt contagion unfolding, how long will it be until Portugal and Spain call out for help?

Another debt problem is brewing in markets, and nope, it’s not from Spain, Portugal, or any euro zone economy. Yesterday, credit rating agency S&P downgraded New Zealand’s outlook on foreign currency rating from stable to negative.

Yesterday, South Korea went on a high state of alert after tensions escalated with North Korea on Yeonpyeong Island. The news is that North Korea fired at least 200 artillery shells (don’t ask me how they were able to count that), which killed 2 South Korean soldiers and injured 14.

Missed out on the U.K. preliminary GDP figures that sparked a pound rally last month? Well, here’s your chance to get in on some GDP action… The second GDP estimate is coming out tomorrow! Be prepared and read all about it!

In a sudden turn of events, Ireland is now ready to accept a bailout! Was it a sudden change of heart? Or was it a twisting of the arm?

Unless you’ve been living under a rock, you’ve probably heard of the Fed being criticized for its decision to provide the economy with further stimulus. See if these economic events will give Big Ben and his buds the last laugh and say, “We told you so.”

What happens when an unstoppable force meets an immovable object? Well, something’s got to give. In Ireland’s case, it looks like it’s finally going to give in to the rest of the euro zone’s demand for it to accept aid.

Does everything come in twos nowadays? After launching QE2 a few weeks ago, the U.S. Fed is now keeping markets abuzz with its latest pursuit – U.S. Bank Stress Tests 2.

Do you remember that surprise rate hike from the RBA a few weeks ago? It came as quite a shocker to the markets! What are the odds of another rate hike happening again?

Score one for the dollar! The greenback knocked its major counterparts off the charts early this week, and nope, it’s not just because the euro is taking the heat for its debt problems.