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-commentary09/2009-11-20.htmlKey news Uncertainty regarding the pricing in the US equity market drives US equity prices and bond yields lower. Yield on US T-bills was negative. The dollar has remained stable overnight against euro and yen. SEK and NOK were also stable against EUR after losing ground yesterday due to the weakness in the equity markets. Bank of Japan kept leading rates on hold at 0.1% after the Japanese government urged the BoJ to be committed to battle deflation. BoJ more positive on the Japanese economy.Fri, 20 Nov 2009 07:55:54 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-20.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-19.htmlKey news A very quiet session overnight. Equities slightly lower in the US. US yields lower in the short end on growth worries and higher in the long end on inflation worries. EUR/USD and USD/JPY lower and Scandi currencies weaker. More warnings of Chinese asset bubble. Markets Overnight Equity markets were very quiet yesterday, but finished slightly in red. A decline in technology stocks drove the major indices lower, but overall the move was quite small. Weaker-than-expected housing startsThu, 19 Nov 2009 08:00:35 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-19.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-18.htmlKey news Modest gains in US equities and stable US bond yields. It has been a mixed session in the Asian equity markets. The dollar rebounded modestly against euro and yen yesterday and has remained stable in Asian trading hours. SEK and NOK have also been stable this morning after losing some ground against EUR yesterday. Oil prices gain for the third consecutive day and are targeting the USD 80 level. Markets Overnight There have been modest gains in the US equity markets as the S&P500Wed, 18 Nov 2009 07:57:50 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-18.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-17.htmlKey news Asian equity markets in red this morning despite the rally in the US after comments from Fed Chairman Bernanke yesterday that the recovery in the US economy will be restrained by “headwinds”. US bond yields also declined on the back of Bernanke’s comments. The dollar continues to weaken against major currencies. SEK and NOK are stable this morning despite the modest setback in Asian equities. Markets Overnight US equity markets continued their long rally yesterday sending the mainTue, 17 Nov 2009 07:52:50 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-17.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-16.htmlKey news Equities are mostly up, bond yields are close to unchanged US retail sales will be the main event today Bernanke scheduled to talk about the Economic Outlook Markets Overnight Asian leaders at the APEC meeting have stated that continued stimulus will be necessary to keep the economic recovery from faltering. The pledge to pursue further growth-enhancing policies has helped Asian equity markets rise. Interestingly, the only major stock market in Asia that is posting declines thisMon, 16 Nov 2009 08:11:21 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-16.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-13.htmlKey news Bond yields and equities are down. FX markets stable Central bank statements in Europe and consumer confidence in the US today No major key figures scheduled in Scandinavia Markets Overnight The ominous Friday the 13th has so far started with falling yields and equities. The 30yr bond auction in the US yesterday was quite soft. The bid-to-cover was below average, but then again, USD16bn 30yr is a lot of risk to be swallowed by the market. Even though the bonds were sold a few bpFri, 13 Nov 2009 13:51:12 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-13.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-12.htmlKey news Bond yields have fallen a few bp, equities are up and FX markets are stable Industrial production in Euroland and jobless claims in the US today Swedish CPI Markets Overnight Things are heating up down under. The labour market in Australia posted a surprising 25K gain in employment, which has stoked greater expectations of hikes. Hopes that Australia would spearhead a global recovery are certainly there, but the bond market has not been that bothered as the data had little impact onThu, 12 Nov 2009 13:17:29 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-12.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-10.htmlKey news US equities rally strongly. Dow Jones at highest level in 13 months. US yields are slightly higher from European close on rising risk appetite. Very strong 3-year bond auction. GBP weaker on Fitch report saying UK is most at risk of losing AAA rating. US Senior Loan Officer survey shows decline in credit tightening. Chinese house prices rose 3.9% in October – highest rate in 14 months. UK RICS house price survey jumps strongly. Markets Overnight Equity markets had a very strong dayTue, 10 Nov 2009 07:45:58 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-10.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-09.htmlKey news Equities gained further on Friday despite a soft US payrolls report. Asian stocks slightly higher. G20 leaders agreed to maintain stimulus. Split on Tobin tax. USD weaker as G20 remained silent on currencies. SEK and NOK stronger. US bond yields higher overnight. Inflation concerns looming. Markets Overnight Equity markets shrugged off the weak US payrolls report on Friday as strong earnings reports continue to attract buyers. S&P500 closed slightly higher in a very choppyMon, 09 Nov 2009 08:11:51 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-09.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-06.htmlKey news Equities performed strongly yesterday on stronger jobless claims and upbeat earnings. Asian markets trade higher taking the lead from US markets. Bond yields unchanged overnight awaiting the US non-farm payrolls report today. Little movement in EUR/USD and USD/JPY while SEK has gained on the rise in risk appetite. Extension of US home buyer tax credit approved in the Senate. A more optimistic quarterly report from Reserve Bank of Australia pushed up AUD. Markets Overnight EquityFri, 06 Nov 2009 08:14:32 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-06.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-05.htmlKey news There were very few changes in the FOMC statement. Importantly, Fed still expects interest rates to be exceptionally low for an extended period. Initial response to the FOMC statement were higher long bond yields and weaker USD. However, a late sell-off in the stock market on concerns about financial earnings has since reversed these market movements. Bank of Japan’s minutes confirm termination of quantitative easing does not signal imminent rate increase. Markets Overnight The FedThu, 05 Nov 2009 08:03:41 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-05.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-04.htmlKey news Slightly positive sentiment on financial markets ahead of today’s Fed decision. The stock market is slightly higher, USD and JPY weaker and bond yields continue to edge higher. US auto sales stronger than expected in October. Disappointing retail sales in Australia support the view that the pace of monetary tightening will slow. Markets Overnight Financial markets are in a nervous wait-and-see mode before Fed’s announcement tonight. US economic data continue to come in better thanWed, 04 Nov 2009 08:14:14 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-04.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-03.htmlKey news Reserve Bank of Australia raised its leading interest rate by 25bp as expected, but the statement was slightly softer than expected. AUD has weakened, but so far little impact on other high-yield currencies. Upbeat economic data improve confidence in recovery. Stock markets slightly higher and USD slightly weaker. Markets Overnight The US stock market yesterday finished a very volatile day up supported by upbeat economic data and better-than-expected third-quarter earnings and boostedTue, 03 Nov 2009 09:56:37 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-03.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-02.htmlKey news US equities declined on the back of weaker US economic data for the housing market and lower-than-expected consumer spending. However, US bond yields declined some 10bp in the long end of the curve. Asian markets followed the move from the US markets despite an improvement in Chinese PMI data. CIT, one of the oldest commercial lenders in the US, has filed for Chapter 11. There have been modest movements in major currencies this morning. SEK and NOK have been stable in Asian trade.Mon, 02 Nov 2009 08:19:36 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-11-02.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-30.htmlKey news US equity market rebounds after stronger-than-expected US GDP data for Q3, sending US rates up and the dollar weaker  Asian markets follow the positive sentiment. BoJ follows other central banks on exit strategies as it ends its purchase of CPs and corporate bonds  Swedish kroner benefits from the decline in global risk aversion Markets Overnight US equity markets rebounded after stronger-than-expected US GDP data for Q3. Growth in Q3 was 3.5% vs. consensus expectations ofFri, 30 Oct 2009 13:21:03 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-30.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-29.htmlKey news Global sell-off in equities – risk aversion increases  Nearest crude oil future drops to 77.25 – USD strengthens to 1.4730 vs. EUR  RBNZ keeps rates unchanged and says it will wait until H2 10 before hiking Markets Overnight US equity markets had a bad day yesterday as investors continued to shy away from risk. After briefly touching 20 on 21 October, the VIX index has risen to 28 in the past week. Before the US session began, data showed that US new home sales fell 3.6% -Thu, 29 Oct 2009 15:29:28 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-29.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-28.htmlKey news Yields and EUR/USD have stabilised overnight. Equities are down New home sales in the US and the ECB Lending Survey in Europe today In Scandinavia the main event will be the Norwegian rate announcement Markets Overnight The bad mood of the US consumers added to yesterday’s market sentiment dominated by falling equities, falling bond yields and a stronger USD. All normal reactions in a setting with rising macro pessimism. On the US equity markets the S&P500 lost 0.3%, while NasdaqWed, 28 Oct 2009 08:09:12 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-28.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-27.htmlKey news Lower commodity prices and concerns about tighter financial regulations’ impact on bank earnings sent stock markets lower. However, little change since market close in Europe. US bond yields edge higher as supply concerns outweigh less risk appetite and a reasonably well received auction of 5-year TIPS Slightly weaker USD in early morning trade following yesterday’s sharp appreciation Markets Overnight In the US S&P 500 closed down more than 1%, however with little change sinceTue, 27 Oct 2009 07:47:19 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-27.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-26.htmlKey news US equity markets closed in negative territory on Friday. However, most Asian markets have risen this morning on the back of stronger-than-expected results from Toyota and stronger-than-expected growth in South Korea. IMF is delaying payments to Ukraine and one of the biggest US commercial real estate lenders files for chapter 11. No major movements in the global FX markets, the dollar is modestly weaker against EUR and YEN this morning. SEK stronger against the EUR Markets OvernightMon, 26 Oct 2009 08:02:06 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-26.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-23.htmlKey news US equity markets rallied on better earnings data, while US bond yields rose as the Treasury set a new issuance record for next week’s auction when USD123bn in bonds and inflation-linked debt are planned to be sold. Asian stocks rise on the back of positive sentiment from the US markets and better-than-expected results from several major companies across the Asian region. JPY is modestly weaker against EUR. SEK has held on to yesterday’s strong gain against EUR. Markets Overnight USFri, 23 Oct 2009 06:54:48 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-23.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-22.htmlKey news US equity markets tumbled in the final hour of trading, erasing earlier gains Asian stocks have followed lower overnight, though especially the Japanese market has been paring losses late this morning US bond yields are higher along the curve EUR/USD has broken above 1.50; oil is trading above 80 $/bbl Fed’s Beige Book indicated stabilization or modest improvements in many sectors, but the evidence is scattered, and especially commercial property remains a risk The Chinese economyThu, 22 Oct 2009 06:48:10 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-22.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-21.htmlKey news Profit taking and weaker-than expected housing activity data caused US stock markets to drop from a one-year high.  Asian stock markets are generally lower with minor declines seen across the board.  US bond yields continued lower yesterday driven by the fall in risky assets.  Oil retreats after having touched USD80 per barrel yesterday.  The dollar has rebounded slightly; Sterling is stronger; Scandies are stable. Markets Overnight Weaker-than-expected housingWed, 21 Oct 2009 13:20:19 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-21.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-20.htmlKey news Ben Bernanke urges the US and Asia to adopt policies that prevent a revival of global imbalances. US equity markets posted decent gains sending benchmark indexes to a one-year high. Commodity rallies and the US dollar remain weak. Hawkish minutes from Australian central bank. Markets Overnight In a speech Ben Bernanke said that it was urgent that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis fades. He further warned thatTue, 20 Oct 2009 06:48:58 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-20.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-19.htmlKey news University of Michigan’s preliminary measure of consumer confidence in October disappointed. US stock markets retreated led by technology and financial stocks. Asian stock markets are mixed this morning. Markets Overnight University of Michigan’s preliminary measure of consumer confidence declined in October and so did the economic conditions and the economic outlook. This is a bit puzzling following the downward drift in initial jobless claims, which suggests that labour marketMon, 19 Oct 2009 07:02:54 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-19.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-16.htmlKey news US stocks were pushed higher by surging energy shares as oil reaches one-year high  Goldman Sachs and Citigroup drop after earnings reports Asian stocks are mixed this morning Markets Overnight The Empire manufacturing index increased in October and the details are encouraging as well. Meanwhile the Philly Fed manufacturing index declined. On balance, the regional surveys released so far point to a further increase in October’s ISM. US stock markets rose as energy sharesFri, 16 Oct 2009 18:25:15 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-16.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-15.htmlKey news US stocks rise on promising Q3 earning reports – Dow Jones is above 10,000.  Asian stocks are higher, led by strong gains on the Japanese market.  US bond yields rose significantly at the long end of the curve. The dollar remains under pressure - EUR/USD is approaching 1.50.  Crude oil for November delivery has broken above USD75/bbl.  FOMC minutes showed that some members favoured an expansion of the MBS purchase programme. Unchanged outlook with the Fed expectedThu, 15 Oct 2009 21:26:31 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-15.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-14.htmlKey news US stocks end marginally lower – financials and healthcare decline while energy rises – oil trades around USD75, the highest in a year BoJ keeps key rate unchanged at 0.1% - corporate debt purchase programmes remain USD drops against other G10 currencies – EUR/USD breaks important resistance level Markets Overnight US stocks ended near break-even yesterday as declines in healthcare companies and financials largely offset gains in energy prices. The S&P500 index slid 0.28% withWed, 14 Oct 2009 19:39:08 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-14.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-13.htmlKey news Global stocks edge higher ahead of Q3 key earnings results Oil and gold climb higher to USD73/barrel and 1056/troy ounce, respectively Small movements in FX markets – NZD outperforms UK RICS house price balance advances further – bank lending slows in Japan Markets Overnight US stocks ended slightly higher yesterday in a low-volume session. Expectations of a strong week of Q3 earnings reports sent equities higher, with financials helping to lead the tape. A series of large banks,Tue, 13 Oct 2009 07:23:10 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-13.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-09.htmlKey news Stock markets in US and Asia continued higher on stronger consumer data and earnings expectations Fed chairman Bernanke’s speech provided little news. Headlines focused on comment that Fed will tighten when economy has improved enough US bond yields rose strongly on back of 30-year bond auction USD strengthened overnight. FT has an article on intervention in Asia. EUR/SEK unchanged Japanese machine orders weaker than expected Markets Overnight Equity markets continued higher on theFri, 09 Oct 2009 06:58:42 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-09.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-08.htmlKey news Alcoa kicked off the earnings season with a surprise profit in Q3. Stocks are higher in Asia. USD rose to a two-week high on higher risk appetite. SEK has strengthened overnight after yesterday’s weakening on the Baltic crisis. Gold prices reach new highs. Bond yields fell further following another very strong US bond auction. US consumer credit fell another USD12bn in August Australian employment showed surprise rise of 40.6k in September. AUD rose in response and rate expectationsThu, 08 Oct 2009 06:58:51 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-08.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-07.htmlKey news Positive sentiment on stock markets continued on speculation that Q3 earnings will top estimates Very accommodative monetary policy will have to be removed sooner rather than later, according to Kansas City Fed president. USD strengthened slightly and the US yield curve flattened slightly on Hoenig’s comments Markets Overnight Slightly hawkish comments from Kansas City Fed president Thomas Hoenig, overnight. In a speech in Denver he said “I would not support a tight monetary policy inWed, 07 Oct 2009 07:19:12 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-07.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-05.htmlKey news Stocks markets are slightly lower in the wake of the disappointing US labour market report on Friday. Bond yields largely unchanged. No surprises in the G7 statement from Istanbul but Japanese finance minister keeps intervention option open. USD and JPY both slightly weaker. Ireland approves Lisbon-treaty. Markets Overnight In the US the stock market closed lower on the back of a very disappointing labour market report, Flash Comment - US: Employment on a bumpy road . However, the USMon, 05 Oct 2009 06:57:35 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-05.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-02.htmlKey news Bond yields and equities fell substantially after the ISM index data Non-farm payrolls data today Markets Overnight Well, it seems the last straw broke the bond market’s back yesterday. Throughout this week we have seen weaker-than-expected consumer confidence, ADP labour market data, Chicago PMI and Jobless Claims numbers, and the US Treasury market kept range trading close to the 3.30% level in 10yr bonds. The drop in the ISM index yesterday finally forced 2yr and especially 10yrFri, 02 Oct 2009 06:52:21 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-02.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-01.htmlKey news Bonds yields and equities down after Chicago PMI, FX market stable PMI data in focus today with ISM as the main event Markets Overnight The Chicago PMI number, which is a precursor of today’s ISM index, surprised negatively yesterday and the bond market reacted with declining yields. The 2yr US Treasury came down 7bp and has since stayed around 0.95%. The 10yr Treasury bond could not sustain its gains, but saw yields rise back up during the evening to 3.31%, which ended the day on aThu, 01 Oct 2009 06:56:12 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-10-01.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-30.htmlKey news Stable development in bond yields, equities and FX overnight Watch out for the ECB LTRO auction today Markets Overnight After a day with mixed data in the US – improving house prices, but deteriorating consumer confidence – bond yields ended the day at almost unchanged levels. The 2yr US Treasury bond trades at 1% and the 10yr bond offers a yield of 3.30%. The market is no doubt trading in suspense of the ISM and non-farm payrolls data due out later this week. We note the commentsWed, 30 Sep 2009 06:49:08 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-30.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-29.htmlKey news M&A deals push US stocks higher – positive sentiment spreads to Asia Japanese consumer prices keep falling – 2% deflation in August JPY retreats against GBP in the FX market Highly unexpected, the Danish central bank cuts its deposit rates in an attempt to stop the inflow of foreign exchange. More rate cuts cannot be ruled out. Markets Overnight Leading US stock indices rose yesterday as takeovers in the drug and technology added to evidence that mergers and acquisitions areTue, 29 Sep 2009 08:01:33 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-29.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-28.htmlKey news The final statement from the G20 summit in Pittsburgh did not bring any surprises. The G20 will work on redesigning the financial regulatory system and on a long-term growth plan addressing global imbalances, but no details have been agreed upon. The centre-right coalition won the German election and Angela Merkel is set to continue as chancellor. The new government will consist of the CDU and the FDP. Risk appetite has retraced further from the US close and most Asian stock marketsMon, 28 Sep 2009 06:56:28 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-28.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-25.htmlKey news Weak home sales data sends US stocks down – negative sentiment spreads to Asia Oil prices drop to nine-week low – nearest crude future opens at USD66.5/bbl JPY strengthens and GBP weakens – EUR/USD trades around 1.47 Central banks scale back on USD injections as financial markets stabilise As expected, the Danish central bank has decided to lower the lending rate 10bp to 1.25% while keeping the discount rate unchanged at 1% Markets Overnight US stocks fell yesterday after a weakFri, 25 Sep 2009 07:14:35 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-25.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-24.htmlKey news Fed leaves its target rate unchanged at 0-0.25% and maintains the size of asset purchase programmes. MBS/Agency purchases extended through March 2010. Language on growth upgraded reflecting recent improvement in data, but outlook still very weak. Bond yields dropped across the curve, stocks were sent lower and the dollar appreciated. Most Asian stock markets are down this morning; Japanese markets are gaining after having been closed for three days. Markets Overnight The FederalThu, 24 Sep 2009 07:51:55 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-24.htmlhttp://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-23.htmlKey news US stocks gain further as investors bet on global recovery Mixed Asian equity session – Japan is still closed for public holiday New Zealand escapes from recession Strongest demand for US 2Y auction in two years Large swings in the FX markets – USD retreats further Markets Overnight US stocks were pushed to year-highs yesterday on the backs of solid gains for financial, energy and materials shares. In the absence of any significant data releases, investors focused on the ongoingWed, 23 Sep 2009 07:49:38 GMThttp://www.fxstreet.com/technical/market-view/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/market-view/daily-fx-market-commentary09/2009-09-23.html