http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-10.htmlKey news Eurozone Finance Ministers late Thursday decided to hold back aid for Greece until new austerity measures have passed the Greek Parliament. The tough stance on Greece has derailed the otherwise strong sentiment in the US and Asian stock markets are under pressure this morning. Markets Overnight Yesterday the market cheered after an austerity agreement had finally been reached by Greek politicians. Greek Finance Minister Evangelos Venizelos arrived in Brussels last night for theFri, 10 Feb 2012 07:00:34 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-10.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-09.htmlKey news The Greek coalition government has failed to agree internally on the Troika’s demands ahead of today’s crucial EU meeting. This could mean a Greek default in March. Chinese inflation rose to 4.5% y/y. This surprised the markets but in our view it mostly reflects the timing of Chinese New Year, so the increase should not worry investors. Markets Overnight The Greek tragedy continues. Yesterday it looked like the Greek coalition government had agreed on austerity measures, butThu, 09 Feb 2012 07:10:31 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-09.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-08.htmlKey news In Greece party leaders’ approval has been postponed once again, but a deal appears to be close after opposition to minimum wage cuts was reversed. ECB would be willing to give up profits on its Greek government bond holdings according to press reports. Risk sentiment remains slightly positive on hopes that a deal will eventually be reached in Greece. Markets Overnight In Greece the meeting in which party leaders were supposed to agree on the austerity measures as demanded by the EU,Wed, 08 Feb 2012 07:32:01 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-08.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-07.htmlKey news The Greek government and the EU disagree whether or not Greece has failed to meet a key deadline. The outcome could be a disorderly Greek default, which is putting pressure on risk sentiment. The Reserve Bank of Australia surprisingly kept its key policy rate unchanged at 4.25%. The Australian dollar has strengthened on the back of the announcement. Markets Overnight Fears are growing that the Greek government will not be able to meet the demands of the Troika, which would mean aTue, 07 Feb 2012 07:01:28 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-07.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-06.htmlKey news Friday’s strong US labour market report has lifted the sentiment in the global stock markets. However, Greece’s woes continue and even though the government has agreed on some key austerity measures, some key stumbling blocks – in particular the issue of wage cuts in the private sector – remain. Greece’s deadline with the EU on a new bailout runs out today. Markets Overnight Friday brought another round of relatively strong US macroeconomic data as the US labour market report showedMon, 06 Feb 2012 07:04:10 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-06.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-03.htmlKey news Chinese and Japanese service PMIs improved slightly in January Greek Finance Minister Venizelos says the ECB should be part of a debt relief and that an agreement must be struck “in the next three or four days at the most”. Main release today is US non-farm payrolls where we look for a below-consensus reading following the strong rise in December. Markets Overnight In China the HSBC Service PMI in January improved slightly from 51.5 to 51.9 and in line with the manufacturing PMIsFri, 03 Feb 2012 07:00:32 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-03.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-02.htmlKey news It has been a fairly calm night with positive sentiment after the release of upbeat global manufacturing data yesterday. In the Asian session several trades on the Nikkei stock exchange were temporarily suspended due to technical problems. Today we have no key data out of Europe. US initial jobless claims are expected to decline slightly to 370k from 377k the previous week. Markets Overnight It has been a fairly calm night with positive sentiment after the release of upbeat globalThu, 02 Feb 2012 06:56:01 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-02.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-01.htmlKey news Chinese official PMI came out better than expected with relatively strong details. Other Asian manufacturing PMIs released overnight all showed improvement. Mitt Romney wins the Florida presidential primary, putting him back in front of the race. Today’s key release will be US ISM manufacturing. We expect an above-consensus increase to 55.0 from 53.9. Markets Overnight China’s NBS manufacturing PMI in January improved slightly to 50.5 (consensus: 49.6) from 50.3 in December suggestingWed, 01 Feb 2012 07:12:33 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-02-01.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-31.htmlKey news European leaders back the fiscal compact and sign off details on ESM US stocks slide on soft economic data and European debt worries Treasuries received support as Portuguese bond yields soared yesterday Japanese economic data help lift sentiment in Asia this morning… Markets Overnight European leaders last night backed the fiscal compact that German chancellor Merkel has been pushing for, imposing tighter budget discipline on the 25 European Union countries. Britain and the CzechTue, 31 Jan 2012 07:07:54 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-31.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-30.htmlKey news Friday’s weaker-than-expected US Q4 GDP data set the tone for trading On Friday rating agency Fitch slashed the rating on Italy’s and Spain’s debt by two notches, putting focus on today’s Italian bond auction Greek finance minister Venizelos rejects demands for EU budget control US equities closed lower on Friday, while Treasuries rose for the third day in a row Markets Overnight The weaker-than-expected US Q4 GDP data set the tone for trading on Friday. The headline figure was on theMon, 30 Jan 2012 07:37:54 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-30.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-27.htmlKey news The risk rally pauses – US stocks post minor losses and Asian markets are mixed Bond market holds onto FOMC gains Dollar rebounds slightly – but the downtrend appears to remain in place Focus today is on US Q4 GDP data and news regarding the Greek PSI talks Markets Overnight Following the post-FOMC gains US equity markets posted small losses yesterday with the S&P500 index down 0.6%. Economic data were mixed with decent US activity indicators and durable goods orders (up 3% inFri, 27 Jan 2012 07:00:30 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-27.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-26.htmlKey news The Fed expects years of low rates according to last night’s FOMC statement Iran may decide to act first on the European embargo on its oil exports, putting further pressure on Spain, Italy and Greece in particular Financial markets were boosted by the pledge for low US rates yesterday Today sees the release of key economic data from the US and Sweden, which in case of the latter could prove decisive for the Riksbank's action on 16 February Markets Overnight Last night’s FOMCThu, 26 Jan 2012 07:10:32 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-26.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-25.htmlKey news EU Finance Ministers resumed crisis talks, putting further pressure on Greece IMF cuts global forecasts, now expecting growth to reach 3.3% in 2012 President Obama addressed the nation last night in the State of the Union speech Today holds the FOMC rate announcement, including the new policy guidance Markets Overnight EU Finance Ministers resumed crisis talks, after failing to secure a deal to restructure Greece’s private-sector debt on Monday. The ministers put further pressure onWed, 25 Jan 2012 07:30:14 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-25.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-24.htmlKey news Eurozone Finance Ministers reject offer by private Greek debt holders of a 4% coupon, but an agreement is likely in the near future. Unconfirmed reports by Financial Times that Germany is ready to boost the European firewall to EUR750bn. Rally in risky assets continues ahead of Obama’s State of the Union address and European PMIs expected to show an improvement. Markets Overnight The FT reports that Germany is ready to boost the firepower of the European rescue fund to EUR750bn ifTue, 24 Jan 2012 09:48:41 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-24.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-23.htmlKey news Greek government and IIF fail to reach agreement on voluntary debt swap ahead of today’s Eurogroup meeting, but negotiations continue. There has been a slight reversal of past week’s positive risk sentiment – EUR slightly weaker and stock futures slightly lower. Germany and France to propose delay in Basel III implementation today. Focus today will be the Eurogroup Finance Minister meeting and the joint French- German Finance Minister press conference in Paris. Markets OvernightMon, 23 Jan 2012 10:34:47 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-23.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-20.htmlKey news Global equity markets continue to rally on strong numbers, less eurozone debt fears and strong earnings The rally in risky assets pushed up long-dated yields in the US and the US treasury curve steepened Preliminary Chinese PMI stays below 50 in January Markets Overnight The strong sentiment in the European equity market yesterday was carried over to the US and all major US indices ended in green. The S&P500 is now at the highest level in five months. According to data compiled byFri, 20 Jan 2012 12:05:19 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2012-01-20.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-03.htmlKey news Risky assets gain for a second day The S&P500 index rose 1.3% and stocks have followed higher in Asia Bond markets continue to range-trade, US yields little changed from yesterday USD is slightly lower, while GBP is gaining Commodity prices rebound, oil is up by two dollars Greek sovereign spreads have come in a bit, but remain at highly elevated levels Markets Overnight Risky assets gained for a second day after having been held back in recent weeks, despite decent economic data,Wed, 03 Feb 2010 08:41:21 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-03.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-02.v03.htmlKey news ISM tops all forecasts surging to 58.4 Commodity prices gain with oil up about a dollar a barrel US equity markets post solid gains on the back of ISM and positive earnings news Muted reaction on bond markets to ISM with only modestly higher yields EUR is roughly unchanged against USD while JPY has weakened Reserve Bank of Australia surprises markets with unchanged rate. AUD weakens Markets Overnight ISM surged higher yesterday besting even the top forecast by leading economists. ISMTue, 02 Feb 2010 09:13:27 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-02.v03.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-02.htmlKey news ISM tops all forecasts surging to 58.4 Commodity prices gain with oil up about a dollar a barrel US equity markets post solid gains on the back of ISM and positive earnings news Muted reaction on bond markets to ISM with only modestly higher yields EUR is roughly unchanged against USD while JPY has weakened Reserve Bank of Australia surprises markets with unchanged rate. AUD weakens Markets Overnight ISM surged higher yesterday besting even the top forecast by leading economists. ISMTue, 02 Feb 2010 07:44:54 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-02.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-01.htmlKey news Greece remains the key focus for financial markets. The German Economy minister and the EU commission both stressed that Greece has to do more to regain the markets’ confidence. Growing risk aversion and disappointing company outlook sent US equity indices in the red. US yields have moved lower and the curve has flattened. EUR is roughly unchanged against USD while JPY has moved stronger. Markets Overnight US equity markets continued their poor form Friday with another day of redMon, 01 Feb 2010 10:41:30 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-02-01.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-29.htmlKey news Equity markets lower on concerns over banks and rising pressure on Greece Bond yields continued lower overnight. EUR/USD fell to lowest level in seven months Bernanke approved in Senate by 70-30 vote Japanese industrial data were softer than expected while the jobless rate declined further; household spending was better than expected Markets Overnight Equity markets continued lower yesterday with S&P500 down 1.2%. Stocks were sent lower by news wires reporting negative commentsFri, 29 Jan 2010 12:41:57 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-29.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-12.htmlKey news US stocks end marginally higher – Alcoa results fall short of analyst expectations Mixed Asian markets – Chinese central bank guides benchmark one-year bill higher Crude oil for February delivery declines 2 dollars – FX markets very quiet Markets Overnight US equity markets finished slightly higher yesterday for the sixth day in a row as Chinese import numbers that were released on Sunday add to evidence that the global economy is gathering pace. The US earnings season was kicked offTue, 12 Jan 2010 16:58:26 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-12.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-11.htmlKey news Stocks finish higher in first week of 2010 despite disappointing US jobs report Yield on US 2Y note drops below 1% again – USD declines against other currencies Very strong trading data out of China Chavez devalues Venezuela's currency Markets Overnight US stocks finished higher in the first week of the new decade. Despite the week’s most highly anticipated data release, the US jobs report, disappointing forecasters by showing a job loss of 85K in December, the S&P500 index endedMon, 11 Jan 2010 07:57:35 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-11.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-08.htmlKey news Traders awaiting today’s crucial non-farm payrolls number. All eyes on whether companies are hiring again. Relatively quiet equity, bond, FX and commodity markets. A lot of European data on the agenda today as well. Markets Overnight Global equity markets have been moderately positive overnight with traders awaiting today’s interesting US jobs report. US stocks ended on average slightly higher yesterday as weekly claims data came out better than forecasters had expected and bullishFri, 08 Jan 2010 07:59:30 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-08.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-07.htmlKey news Dovish FOMC meeting supports the equity market and the front end of the US treasury curve. US yield curve close to a historical peak. Mixed session in Asian equity markets this morning, where Nikkei and Hang Seng have posted modest losses. Modest movement in major FX crosses. Markets Overnight US equity markets closed yesterday with modest gains as rising energy and metal prices lifted commodity producers. Furthermore, the equity market got support from the minutes from the FOMCThu, 07 Jan 2010 08:33:13 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-07.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-06.htmlKey news Treasury yields rebounded slightly after a big drop Equities are still posting gains in most markets, FX market is stable Icelandic sovereign bonds cut to junk by Fitch Markets Overnight Bonds have had a great start so far this year. US Treasury yields continued to drop throughout the day yesterday, but stabilised last night and even gained a few basis points since in a marginally flattening move. The 2yr Treasury yield currently trades around 1.04% after having touched on 1.00% andWed, 06 Jan 2010 09:53:08 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-06.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-05.htmlKey news Bond yields lower, equities higher, FX market stable A relatively quiet day in terms of key figures Markets Overnight The stronger-than-expected ISM numbers failed to halt the decline in yields yesterday. The dovish noise from Bernanke and Kohn got the upper hand on the bond market and Treasuries have continued to outperform also in Asian trading overnight. The close-to-parallel shift in the 2-10yr segment was some 10bp throughout the day, whereas the 30yr yield failed to shift asTue, 05 Jan 2010 13:52:44 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-05.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-04.htmlKey news Equities finished 2009 slightly mixed. US bond yields continued to rise sharply. EUR/USD stabilised towards year-end while SEK, NOK and CHF strengthened Fed speeches by Bernanke and Kohn argued that regulation should be main weapon against new bubbles but that interest rates could be used if needed. Markets Overnight Equity markets finished the year reaching a new high in S&P500 on 28 December at 1130 before falling back with a close at 1115; total gain for the year amounted toMon, 04 Jan 2010 11:05:57 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2010-01-04.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-23.htmlKey news US stocks gained for the third day in a row, but Asian stocks are mixed Bond yields have continued higher letting the yield curve steepen even further USD has traded slightly stronger vs. EUR and JPY Data released overnight confirm that New Zealand has emerged from recession, although the economy expanded slower than anticipated Markets are closed in Japan for a national holiday Markets Overnight For the third day in a row US equities rose, after new home sales topped forecasts. TheWed, 23 Dec 2009 11:48:03 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-23.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-22.htmlKey news US equity markets advanced for a second day and stocks are gaining in Asia Liquidity is fading across markets as the holidays are approaching Bond yields continue higher and the yield curve has never been steeper The USD has gained, despite advancing risky assets, the JPY is weaker Danske Markets survey shows Swedish investors are bullish on SEK, but believe the market is longer than it is Markets Overnight Risky assets had a strong day and US equity markets advanced for a second day,Tue, 22 Dec 2009 09:53:10 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-22.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-21.htmlKey news Asian stocks are mixed this morning with Nikkei higher and the Chinese market trading in red. The strong December rebound in the dollar continued on Friday taking EUR/USD to a 1.4262 low. EUR/CHF saw another sharp dip overnight. Japanese exports recovered further in November, but remain well below pre-crisis levels. US treasuries fell on Friday with yields rising the most in the long end of the curve. The Copenhagen climate conference ended with a limited accord. Markets OvernightMon, 21 Dec 2009 08:18:19 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-21.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-18.htmlKey news Equity markets move lower on a poor profit forecast by FedEx and fears that banks will need to recapitalize by issuing equity. US yields move lower. USD weakened overnight. CHF strengthens significantly as stops are taken out. BoJ meeting reveals little new, but keeps options open. Markets Overnight Disappointing profit forecast from FedEx and Citigroup selling stock at a discount weighed on the US equity markets last night. Both S&P500 and Nasdaq were 1.2% lower while Dow JonesFri, 18 Dec 2009 13:20:51 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-18.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-17.htmlKey news The greenback comeback continues. No surprises from the FOMC. Yesterday’s statement was relatively dovish, in line with expectations. Greece’s credit rating lowered by Standard & Poor’s. The rating company threatens with further action if the budget situation is not solved Markets Overnight Standard & Poor’s has cut the rating on Greek debt to BBB+ from A-. The rating company threatens with further cuts “if the government is unable to gain sufficient political support forThu, 17 Dec 2009 13:15:26 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-17.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-16.htmlKey news The US equity markets closed in the red yesterday. Most Asian markets are also lower, but Nikkei is higher led by banks on a report that banks will get plenty of time to meet capitalization rules. US yields move lower again as focus shifts to the upcoming FOMC meeting. Weak economic numbers and a dovish central bank weigh on AUD. Markets Overnight The US numbers yesterday were a mixed bag with Empire disappointing and industrial production surprising on the upside; NAHB fell a notchWed, 16 Dec 2009 13:15:05 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-16.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-15.htmlKey news Positive close in US equity markets, as Citigroup and Wells Fargo to pay back TARP money. Exxon Mobile to buy XTO energy for USD31bn – the biggest takeover since 2006. Mixed session in the Asian equity market with small movements in major indices. It has also been a fairly quiet session in global currencies with small movements in major FX crosses. USDJPY heading towards the 89-level. Markets Overnight The US equity markets rose modestly on Monday on the back of the bail-out of theTue, 15 Dec 2009 16:02:55 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-15.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-14.htmlKey news US equities rise modestly on Friday on the back of stronger economic data for the US economy A mixed session in Asian markets on the back of a weaker-than-expected Tankan survey from Japan, but USD10bn support for Dubai from Abu Dhabi’s government changed the sentiment The dollar has weakened modestly against the euro on the back of support to Dubai Markets Overnight US equity markets closed with modest gains on Friday. S&P 500 rose by 0.4%, while the Dow was up 0.8% on FridayMon, 14 Dec 2009 07:56:51 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-14.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-11.htmlKey news Decent US claims data support sentiment, helping US stocks gain for a second day Sentiment has picked up further in Asia, after Chinese industrial production rose more than expected, and equities are gaining US bond yields move higher after a semi-weak 30-year treasury auction and the curve has steepened. EUR/USD has range-traded, the yen is weaker Greece pledges swift action on deficit according to today’s Financial Times Markets Overnight Decent US claims data supported sentimentFri, 11 Dec 2009 08:18:14 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-11.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-10.htmlKey news Spain on negative credit outlook and Dubai concerns continue Rise in US shares not enough to push Asian stocks higher Oil tumbles further – Australian job numbers surprise positively Markets Overnight S&P lowered its rating outlook on Spain to „negative‟ yesterday, saying that the country will probably see “significantly lower” economic growth and “persistently high fiscal deficits relative to peers in the medium term”. The move, which came only two days after S&P warnedThu, 10 Dec 2009 09:35:47 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-10.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-09.htmlKey news Risk aversion and debt jitters continue to set the agenda. Focus on the situation in Greece. Japan GDP disappoints. Capital investments and the GDP deflator were revised down. GDP deflation is now 0.5% - a clear reminder of Japan’s deflation problems. Equity markets in negative territory. Another strong auction in the front end in the US. Yields roughly unchanged and the curve remains very steep. Markets Overnight Risk aversion and debt jitters continue to set the agenda. TheWed, 09 Dec 2009 07:47:46 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-09.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-08.htmlKey news Dovish speech by Fed Chairman Ben Bernanke eases exit fears, sending US yields lower and steepening the curve. Risk appetite is drifting lower again. Equity markets have generally posted small losses in both the US and Asia. The yen is strengthened against the other major currencies. Markets Overnight Waning risk appetite and dovish comments from Federal Reserve Chairman Ben Bernanke have dominated markets overnight. In a speech yesterday evening, Bernanke said of the US economy thatTue, 08 Dec 2009 16:47:37 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-12-08.html