EGLE, EGBN, CRWE, EBMT - DrStockPick Reports On Eagle Bulk Shipping, Eagle Bancorp, Crown Equity Holdings and Eagle Bancorp Mont
Crown Equity Holdings Inc. (OTCBB:CRWE) announced recently that it has launched its crwenewswire.fr website to provide news in France's native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.ca shortly.
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Power3 Medical Products, Inc. (PWRM.OB) is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
Potential for a COUNTERTREND Move is increasing
The potential for a COUNTERTREND move in the EURO(FX) and the DOW is increasng. Remember, the trend was initiated on the EURO(FX) SEP 13 AT 1.2876 and on the DOW SEP 03 AT 10447. Obviously the STOCHASTICS are very high at this point and further indicate the potential for such a COUNTERTREND move.
Japanese Intervention Plan Getting No Support from Central Banks
The USD JPY hit a key 50% price at 80.40 as forecast, triggering some light profit-taking. Although traders anticipate another round of intervention, there has been no notable central bank activity at this time. This could mean that aggressive traders will continue to push the Dollar/Yen lower into the next retracement level at 80.04.
U.S. Dollar Under Pressure but Investors Still Jittery over European Banks
The government's list of troubled banks hit its highest level since 1992 during the second quarter, although the pace of growth continued to slow, according to a government report released Tuesday.
The number of banks at risk of failing rose by almost 7% to reach 829, the Federal Deposit Insurance Corporation said in its quarterly survey of the nation's banking system.
Euro Posts Strong Gain as Banks Borrow Less from ECB
The EUR USD rallied sharply higher on Wednesday after the European Central Bank reported that demand for three-month loans by member banks was weaker-than-expected. This news came as relief for traders who were looking for European banks to be a little more active at the lending window given the bleak outlook for the Euro Zone economy.