Chinese Yuan Peg In Play, BP Spilling 100,000 Barrels, Mich Unemployment Rate Drops, Chavez Battles Prices and Venezuela CDS Tops Default Percentage, Elliott Wave Thinks Dow Going Below 1,000!

| |
Chinese Yuan peg in play!!!!!  Links for Sunday Night 6/20/2010:

Nouriel Roubini on Chinese Yuan (Saturday June 19): - "China's decision to move away from its currency peg might mean the yuan weakens against the dollar instead of strengthens as Washington wants" - Reuters

Beijing Move Threatens to Shake Up Its Neighbors - WSJ (h/t @FLYiR)
Dollar Weakens as End to Yuan Peg Signals Confidence in Global Recovery - Bloomberg
Yuan Forwards Strengthen After Central Bank Signals End of U.S. Dollar Peg - Bloomberg
China Turns Tables on AAA Time-Bomb Nations: William Pesek - Bloomberg
Asia Company Bond Spread Gap Shows Battered Junk Debt May be Set to Rally - Bloomberg
BP estimates oil spill up to 100,000 barrels per day in document - Reuters 
Chinese Yuan Under Scrutiny Before G20 Meeting - CNBC (Reuters)
US Treasuries retreat after China's yuan move - Reuters (h/t @alea_)
Hugo Chavez Spearheads Raids as Food Prices Skyrocket - CNBC (Reuters)
Venezuela Using $1B Of Reserves To Meet Dollar Requests- WSJ
Venezuela 5-Year CDS at 1242.4 bps, default probability at 55.16% (6/18) - CMA DataVision
Venezuela Has No Plans to Lift Currency Controls, Chavez Says on State TV - BusinessWeek
Michigan’s unemployment rate drops to 13.6% in April - Crain's Detroit Business
Rahm Emanuel expected to quit White House -
Wall Street's cues differ in looking at historical and technical trends - MarketWatch
Gold Bubble? What Bubble? - Zero Hedge
US manufacturing crown slips - Financial Times (h/t @upsidetrader)
Elliott Wave predicts triple-digit Dow in 2016 - MarketWatch