Articles by Court
FX News: EUR, USD, GBP, RMB
September 13 2012 8:01 AM EDT
The euro held near a four-month high on Thursday after Germany's Constitutional Court gave the green light for Berlin to ratify the euro zone's permanent rescue fund, looking to extend gains further on ossible stimulus from the U.S.Fed. EUR at $1.2919 in Asian trade, up slightly from late U.S. levels and near four-month highs of $1.2937 hit a few hours after the German ruling .
Pre-Market Movers (Yahoo, Nokia, Zynga, Compucredit, Halcon Resources, Harmony Gold, Banco Santander, Amazon.com)
September 13 2012 6:37 AM EDT
Yahoo! Inc, National Bank of Greece, Nokia Corp, Zynga Inc, Compucredit Holdings, Halcon Resources, Harmony Gold Mining, Amazon.com and Banco Santander are among the companies whose shares are moving in pre-market trading Thursday.
Brent crude steadies near $116 ahead of Fed decision
September 13 2012 3:55 AM EDT
Brent crude steadied near $116 a barrel on Thursday, after rising for five straight sessions, as traders awaited a U.S. Federal Reserve policy decision that is expected to include further stimulus action to bolster the world's largest economy. Pressure on oil prices from an unexpected rise in U.S. crude stockpiles was offset by geopolitical risks in OPEC member Libya and rising hopes that the euro zone's rescue fund will soon take effect. Brent's front-month October contract, which expi...
EUR/USD Update Euro to Fall on Massive Money Printing
September 13 2012 3:48 AM EDT
With the 500-billion-euro ESM in place and a beefed-up European Central Bank ready to intervene massively on the markets, the EU's crisis fighting machinery is taking shape, and elicited positive response on the markets where borrowing costs for weaker eurozone states continued to fall.
Asia Gold, Silver and Crude Oil Trading
September 13 2012 3:47 AM EDT
US Gold prices finished pit trade Wednesday lower, and off the 6 -month high of 1,749.50, basis the Dec futures, set in early trading. Some position squaring and profit taking was seen ahead of Thursday afternoon's FOMC meeting results. Gold and Silver Bulls remain technically strong on the charts. Dec Gold last traded -0.10 at 1,734.80 oz. Spot Gold was last quoted + 0.40 at 1,733.50 oz. Dec Comex Silver last traded -0.256 at 33.31 oz.
GCC Approved ESM Ratification, Focus Turned to FOMC Meeting
September 13 2012 3:44 AM EDT
Market sentiment waxed and waned, rising as the German Constitutional Court (GCC) approved the ESM and the fiscal pact but then dipping as the focus has shifted to the FOMC meeting. Wall Street ended the day modestly higher with the DJIA and the S&P gaining +0.07% and +0.21% respectively. In the commodity sector, the 2 crude oil benchmarks deviated in performance. While the front-month contract for WTI crude oil initially climbed to a 1-month high of 98.06 but then retreated to 97.01, down -0.16...
EUR/USD Lifts On German Court Ruling
September 13 2012 12:44 AM EDT
On Wednesday Euro/Dollar continued increasing with 120 pips on the German court ruling. The European currency appreciated from 1.2814 to 1.2937 yesterday, matching the positive money flow sentiment at almost 22%, closing the day at 1.2898. This morning the Euro is puching up again, with movements still within yesterday's range for now. On the 1 hour chart the upward channel looks good, while on the 3 hour chart the new upward channel is also intact. Break above the nearest resistance and y...
Asian Shares Slip On Caution Over Fed Action
September 12 2012 9:17 PM EDT
Asian shares eased Thursday ahead of the U.S. Federal Reserve's decision later in the day, but investors remained optimistic of further stimulus action to bolster the world's largest economy.
Pro-Europe Parties Sweep Dutch Election; Extremists Routed
September 12 2012 9:00 PM EDT
Dutch voters handed pro-European parties a sweeping election victory on Wednesday, shunning the radical fringes and dispelling concerns that euro skeptics could gain sway in a core euro zone country.
California Fraudster Admits Backing Anti-Muslim Film, Denies Posing As Director
September 12 2012 8:36 PM EDT
A Coptic Christian from California with a record of financial crimes says he helped produce the anti-Muslim film that sparked deadly attacks on U.S. diplomats in Libya and Egypt, the Associated Press reported Wednesday evening.
ESM jumps critical hurdle; rally stalls ahead of FOMC decision
September 12 2012 8:00 PM EDT
After months of anticipation, markets finally received closure over the Europe's permanent bailout fund, the European Stability Mechanism, after attempts to derail the implementation at it's inception.
‘Octomom’ Nadya Suleman Rents New House With Porn Money: Report
September 12 2012 5:55 PM EDT
Nadya Suleman, who is best known as ‘Octomom’ was on the brink of being homeless until she decided to dabble in porn. Now TMZ is reporting that the 37-year-old mother of 14 has bought a new home.
How People Are Caught Illegally Downloading Music, Movie Torrents
September 12 2012 5:03 PM EDT
Sites like the Pirate Bay and uTorrent haven't enticed hundreds of millions of people to download endless amounts of free media content without making a few enemies. Those BitTorrent giants - and others like them - have built their businesses by outwitting the seemingly hapless MPAA and RIAA. The increased acceptance of illegally downloading media has affected the bottom line of the movie and music industry over the past decade, and that isn't good news for torrent fans.
Erica DePalo, Ex-Teacher Of The Year, Pleads Not Guilty To Sex With 15-Year-Old Student
September 12 2012 4:36 PM EDT
Erica DePalo, the former "Teacher of the Year" in New Jersey accused of having sex with a 15-year-old honors student, has pleaded not guilty to sex assault charges during her arraignment Wednesday.
Daily Summary on USD, EUR, GBP, JPY, AUD and CAD
September 12 2012 2:04 PM EDT
The dollar begins the day mixed against its major counterparts as investors digest a pivotal German court decision ahead of tomorrow's Fed announcement. Expectations are clearly high that the FOMC will at the minimum hint at further stimulus measures with another round of quantitative easing a strong possibility. With US economic data having shown a steady decline over the past six months and with unemployment remaining frustratingly high, investors are betting the Fed may be compelled to int...
Former World Number One Ferrero to Retire Next Month
September 12 2012 1:58 PM EDT
The Spanish star is expected to call it quits at a home event.
Pre-Opening Soy Complex Market Report 9/12
September 12 2012 11:17 AM EDT
November soybeans are trading 8 cents higher near 7:00 am cst. Soybean meal and oil are higher as well. Malaysian Palm Oil prices traded lower overnight on expectations for higher production this month and on rising stocks. There were no soybean or soybean meal deliveries overnight but 398 deliveries of oil were made bringing the total for the month to 7,500. Asian equity markets were generally higher during overnight trading, with the Japanese Nikkei up 1.73% and the Shanghai A Share index up 0...
Pre-Opening Corn Market Report for 9/12/2012
September 12 2012 11:16 AM EDT
December corn is trading 2 cents higher near 7:00 am CST and there were no September corn deliveries overnight. Dalian corn traded slightly lower overnight. Grains are recovering following yesterday's sharp losses just ahead of this morning's USDA report. Outside markets are providing a positive tilt after European markets rallied on news that Germany's top court will support the new Euro zone ESM bailout fund. The Dollar moved lower on the news while metals, energies, grains, and equit...
Tupac Hologram Creator, Digital Domain, Files For Bankruptcy After Laying Off 320 Employees [VIDEO]
September 12 2012 11:16 AM EDT
Digital Domain Media, the company that created the Tupac Shakur hologram from the 2012 Coachella festival, has filed for Chapter 11 bankruptcy.
Nat Gas holding most of gains from last two sessions
September 12 2012 11:13 AM EDT
Nat Gas futures are starting the day with only a minor level of profit taking selling so far and are holding onto most of the gains from the last two sessions. The current price is at the upper end of the trading range and at a level that I still do not think is sustainable. At the current price level coal to Nat Gas switching is now favorable to coal which if the price remains at the current level utilities will have to look seriously at switching back to coal. In addition the latest NOAA six t...