Forex Gump

Well, well, well… have you been paying attention to the LIBOR? What the heck is LIBOR you ask?! To borrow some words from Pip Surfer, chill out dudes and dudettes, sit back, relax, and listen to good ol’ Forex Gump giving the 411 on LIBOR.

Asia hogged the spotlight yesterday as news centered on the growing tension between North and South Korea. Word on the street is that South Korean officials sent a text message saying, “You sank my battleship!” across the border.

While many are hoping that Greece pulls itself out of the debt mess soon, let me play the villain by saying that giving Greece more money probably won’t be enough to solve its debt problems.

Woah! Looks like inflation is rising in Canada. Could this give the BOC even more reason to hike rates next month?

Come 11:50 pm GMT tomorrow, Japan will release the preliminary results of their first quarter GDP report. Given the positive expectations on the report, would we see the yen rally across the board again?

Remember a while back, when I pointed out that things were looking bright for the Australian economy, causing the Reserve Bank of Australia to become more hawkish? Well, it looks like the bullish sentiment towards the Aussie is now finally coming to an end!

With consumers pulling out their spanking new hundred dollar bills and becoming more confident, I can’t help but wonder: Would the consumer sector stay strong? Or would it crumble under pressure?

Before I jump into the nitty-gritty of what has been happening recently, let me give you a brief history lesson about dollar and gold prices. It won’t be boring, I promise! Read on, folks!

The UK elections have come to an end and it looks like we’ve got a new Prime Minister in town, but no majority party presiding over Parliament! The scuttlebutt on Downing Street, however, is that we could see some alliances in the making…

Desperate times call for desperate measures, so they say. The seriousness of the Greek debt crisis has now forced EU troops to usealmost every weapon in their arsenal… Would this be enough to protect them from a full-blown debt crisis or would it leave them more vulnerable?