Frontrunning: September 29th

• 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)

Comments

[TK7936]

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

[msmith]

The USD seems to be still driving the market direction.  The EURUSD is on the verge of another major move lower http://bit.ly/n5pzOZ and the S&P could finally break through the lower end of it conolidation range for a move lower as well http://bit.ly/oERsTs .

[lizzy36]

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.

[msmith]

It appears we have more correction higher ahead of us on the AUDUSD, which could signal equities higher as well. http://bit.ly/nFuWgb