Squawkbox market analysis with Danielle Morellino from Thomson FinancialTranscript:Welcome to this morning's Thomson Squawk Box Market Minute. I'm Danielle Morellino.The weak and weakening dollar and higher commodity prices with gold pushing near $1000 is signaling another pullback for equities Friday morning, especially after the payrolls numbers in the premarket were weaker than expected.Bonds already have jumped higher from Thursday's New York close on the back of continued distress in global capital markets, adding to vague suspicions the Federal Reserve may be forced into another emergency cut in the Funds Rate, possibly as early as today.The Dow lost 214 points on Thursday after Carlyle Group received a notice of default due to their mortgage bond fund failing to meet margin calls. Thornburg Mortgage also said it had failed to meet some margin calls and its stock was eventually lower on concerns the lender may have to file for bankruptcy protection.Technically, the S&P has little support down to the January intraday lows near 1270. A heavy downside bias remains. Were almost surprised the likes of the Russell 2000 Major Global Indices did not post a more negative signal on Trend Intensity yesterday. Regardless, there is no longer anything tentative among the US index bearish indications. The NASDAQ may not have reached down to a trend ready reading, but the others certainly did, so we could see some legitimate selling ahead.For more intraday markets coverage, directional commentary and stock ideas from Thomson's expert analysts, visit Thomson Squawk Box Dot Com.