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 - Telegraph.co.uk
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

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