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Frontrunning: September 29th

Tyler Durden's picture

  • White House Reviewing Bill on China Currency, Carney Says. (Bloomberg)
  • China Economic Growth Seen Less Than 5% by 2016 in Global Poll. (Bloomberg)
  • German MPs back euro crisis powers, Merkel support unclear. (Reuters)
  • Greece Faces Auditor Verdict, Fresh Aid at Stake. (Reuters)
  • Business Attacks Transaction Tax Plan. (FT)
  • Bernanke Tells US to Heed Emerging Economies. (FT)
  • Bernanke: Unemployment Poses ‘National Crisis’. (Bloomberg)
  • SEC Probes Banks Over Mortgage Loans. (FT)

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Thu, 09/29/2011 - 07:41 | 1721353 TK7936
TK7936's picture

German jobless rate drops 0,4 % to 6,6%.

Thu, 09/29/2011 - 07:55 | 1721382 msmith
msmith's picture

The USD seems to be still driving the market direction.  The EURUSD is on the verge of another major move lower and the S&P could finally break through the lower end of it conolidation range for a move lower as well .

Thu, 09/29/2011 - 08:19 | 1721442 lizzy36
lizzy36's picture

You know what the WH should do? Form a committee to review the Bill on Chinese currency. Then have TOTUS do a speech.

All will be solved with a committee and a speech.

Thu, 09/29/2011 - 08:35 | 1721493 msmith
msmith's picture
It appears we have more correction higher ahead of us on the AUDUSD, which could signal equities higher as well.
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