Previous session overview
The dollar is still rising after midday in Europe Thursday, driven both by fear of a debt default by Dubai World as well as talk of intervention by the Bank of Japan and suspected intervention by the Swiss National Bank.
This was a reversal of the U.S. currency's recent sharp slide which took it down to a 14-year low against the yen during Asian trading as investors continued to worry about how long U.S. interest rates will have stay at low levels.
The dollar has ... Read Full Story
The broad Dollar selloff which started around May this year and seemed to trim itself into range only days ago has finally broken key resistance levels and pushed the Dollar into record lows across the board. The rally was fed mainly by better than expected US economic data with Initial Jobless claims falling under the 500K mark for the first time in more than a year reading 466K which positively surprising investors which were expecting a 500K reading according to various pulls. In addition ... Read Full Story
Previous session overview
The dollar plunged to a 14-year low against the yen in Asia Thursday, despite a stepped-up warning from the Japanese government, because of the mounting view that the U.S. is likely to maintain its rock-bottom interest rate for a prolonged period.
The U.S. unit dropped to JPY86.29, its lowest level since JPY84.92 marked on July 7, 1995. The fall came after a large accumulation of stop-loss selling orders were triggered around JPY87.00, dealers said.
The decline ca... Read Full Story
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Power 3 Medical Products Inc. (PWRM.OB) has gone up 2.79 cents (17.55%). Recently, BioMedReports.com, the news portal which covers Wall Street's biomedical sector and delivers financial and investment intelligence to a community of highly informed investors, has issued a special report on Power3 Medical Products (OTC.BB:PWRM), the developer of several blood tests ... Read Full Story
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Wednesday November 25, 2009
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Kat Exploration (KATX.PK) is pleased to announce the results of its latest work program on its 100% wholly owned Iron Oxide, Copper, Gold(IOCG) “Rusty Ridge” property. Coincidental magnetic Induced Polorization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralizatio... Read Full Story
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C. K. Cooper & Company, an independent, full-service investment bank, headquartered in Irvine, Calif. announced today that it has initiated coverage of Noble Corp. (NYSE:NE).
... Read Full Story
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Cavitation Technologies, Inc. (CVAT.OB) has gone up +$0.02(6.67%) in gains today, with its last trade at $0.32. CVAT, a development stage company, engages in the development of bio-diesel fuel production system... Read Full Story
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Wednesday November 25, 2009
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Perris, CA - (WORLD STOCK WIRE) via (CRWE NEWSWIRE) - November 25, 2009 -- Aquentium, Inc. (OTCBB: AQNM) a publicly traded company that specializes in environmentally friendly technologies announced today that the company will be holding numerous open houses in the month of December for companies and individuals that are seeking to build with or utiliz... Read Full Story
Previous session overview
The dollar remained near 15-month lows against its major rivals Wednesday morning in New York, after traders took advantage of pre-holiday market conditions to sell off the dollar sharply.
The euro smashed through the psychologically key USD1.50 level to touch a 2009 high just below USD1.51. The dollar sank to a 10-month low below JPY88, also a key psychological level for investors.
The Dollar Index, which tracks the currency against a trade-weighted basket of six... Read Full Story
By Robert Prechter
The following article is an excerpt from Robert Prechter's Elliott Wave Theorist. For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks.
Perhaps the single greatest reason for the unbridled expansion of credit over the past 50 years is the existence of the Federal Deposit Insurance Corporation, another government-sponsored enterprise created by Congress. The coming rush of bank failures is an outcome mad... Read Full Story