Market Buzz

SEK breaking key resistance yesterday. NOK will do the same today after the CPI figures. USD looks weak, probably in for a 1-1.5 percent downside from here.

Commodities: Precious metals are doing fine, Crude Oil is being bought (another reason for NOK strength). Basic materials should also do well.

Stocks: Miners and explorers are unaffected by US slowdown. Chinese capital (CB reserves) in search of commodity plays?

Fixed Income rangebound, short-term, but sell when it gets close to the previous highs.