ING Economic and Financial Analysis Analysis & Comment

ING Economic and Financial Analysis

FX Daily: Dollar Rebound Increasingly Hinges on Activity Data By Francesco Pesole - Nov 30, 2023

The further decline in USD rates means that it will now be up to activity data to trigger a recovery in the dollar. We have a couple of days packed with important US releases into the weekend, as well...

FX Daily: ‘Something’s Got to Give’ - Including the Dollar By Chris Turner - Nov 29, 2023

In what we thought was going to be a quiet week for FX, the dollar has extended its recent losses. Driving those losses have been Fed speeches welcoming signs of slowing economic momentum and lower...

Rates Spark: Effective Pushback Looks Different By ING Economic and Financial Analysis - Nov 29, 2023

By Padhraic Garvey & Benjamin SchroederRates continue to push lower after a soft 7-year US Treasury auction as Federal Reserve officials offer little pushback against the market's pricing of rate...

The Commodities Feed: Lower Yields and Weaker USD Push Complex Higher By ING Economic and Financial Analysis - Nov 29, 2023

Energy - Kazakh oil disruptions Metals – MMG Peru copper miners begin strike Agriculture – Cocoa jumps on supply woes Energy - Kazakh oil disruptions A move lower in treasury yields and...

FX Daily: Too Early for a Move Above 1.10 By Francesco Pesole - Nov 28, 2023

EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth...

Rates Spark: Looking Down, Just About By ING Economic and Financial Analysis - Nov 28, 2023

By Padhraic Garvey & Benjamin SchroederNothing like a few auctions to help test the temperature. Yields sailed lower yesterday through the 2-year and 5-year UST auctions, which did not help their...

The Commodities Feed: Gold Holds Above $2,000 By ING Economic and Financial Analysis - Nov 28, 2023 2

Energy - Attention remains on OPEC+ Metals – Gold surges to six-month highs Agriculture – UNICA reports higher cane crush Energy - Attention remains on OPEC+ The oil market came under...

FX Daily: Don’t Chase the US Dollar Bear Trend By Chris Turner - Nov 27, 2023

At the start of a quiet week for data, the dollar is hovering near recent lows. However, we do not think this is yet the start of the big, cyclical turn lower in the dollar we expect for next year....

The Commodities Feed: OPEC+ Week By ING Economic and Financial Analysis - Nov 27, 2023

Energy - OPEC+ makes progress Metals - Gold above $2,000 Agriculture– Solid Ukrainian grain harvest Energy - OPEC+ makes progress Sentiment in the oil market remains negative. ICE (NYSE:ICE)...

Key Events in Developed Markets and EMEA Next Week By ING Economic and Financial Analysis - Nov 24, 2023

US: Closely following the ISM manufacturing index for any signs of a rebound Eurozone: Core inflation to continue improving to 4% Poland: We forecast a further decline in core inflation Hungary:...

Rates Spark: Feeble Pushback By ING Economic and Financial Analysis - Nov 24, 2023

By Benjamin SchroederMarkets are clearly eyeing the turn of the rate cycle, but amid central banks’ 'high for longer' messaging and data releases, volatility remains elevated. Add to that the...

FX Daily: Is Less Growth Pessimism Enough? By ING Economic and Financial Analysis - Nov 24, 2023

USD: Half-day trading EUR: Dealing with slightly better PMIs GBP: More downside room for EUR/GBP CEE: Possible improvement in the rating outlook for the Czech Republic USD: Half-day trading US...

FX Daily: No Turkey for Dollar Bears By Frantisek Taborsky - Nov 23, 2023

The Thanksgiving holiday means thin volumes and no US data releases today. We expect some stabilization in EUR/USD after strong jobless claims fuelled the dollar rebound. Still, eurozone PMIs might...

The Commodities Feed: OPEC+ Meeting Delayed By ING Economic and Financial Analysis - Nov 23, 2023

Energy - OPEC+ meeting delayed Metals – LME on-warrant zinc stockpiles rise Agriculture – Ukrainian grain exports remain under pressure Energy - OPEC+ meeting delayed Disagreement has...

FX Daily: Hard to Get Excited by the Same Story By ING Economic and Financial Analysis - Nov 22, 2023

USD: Consolidation continues EUR: German debt brake causes some headaches GBP: Focus on the autumn statement HUF: Central bank cuts as expected, good news for FX USD: Consolidation continues Federal...

FX Daily: Renminbi Shorts on the Run By Chris Turner - Nov 21, 2023

A softer dollar environment has seen Chinese authorities turn the screws on those with short renminbi positions. Look for further dollar weakness today given the risk of the lowest US existing home...

The Commodities Feed: USD Supports the Complex By ING Economic and Financial Analysis - Nov 21, 2023

Energy - USD pushes oil higher The oil market managed further gains yesterday. ICE (NYSE:ICE) Brent settled 2.12% higher on the day. Growing expectations that we will see some action taken by OPEC+...