ING Economic and Financial Analysis Analysis & Comment

ING Economic and Financial Analysis

The Commodities Feed: Brent Settles Below $80 By ING Economic and Financial Analysis - Nov 09, 2023

Energy - Brent below $80/bbl Metals – Zinc tightens Energy - Brent below $80/bbl The downward pressure in oil continued yesterday with ICE (NYSE:ICE) Brent settling more than 2.5% lower,...

Rates Spark: Supply Test Ahead By ING Economic and Financial Analysis - Nov 08, 2023

By Padhraic GarveyAs we hold above 4.5% for the US 10-year, the immediate issue is 10-year and 30-year auctions. Beyond that into next week, prepare for a big drop in US headline inflation. Then...

FX Daily: Quiet Data, Loud Fed Help Dollar Rebound By ING Economic and Financial Analysis - Nov 08, 2023

USD: Fed hawks step in EUR: Many ECB speakers to watch GBP: More room for dovish repricing CEE: Rate cut in Poland, no change in Romania USD: Fed hawks step in The dollar rebound has started to gain...

The Commodities Feed: Oil Under Pressure By ING Economic and Financial Analysis - Nov 08, 2023

Energy - Brent plummets Metals – China boosts gold reserves Agriculture – Chinese soybean imports surge Energy - Brent plummets The oil market came under significant pressure yesterday....

FX Daily: Waiting for the Fed Pushback By ING Economic and Financial Analysis - Nov 07, 2023

USD: Fed speakers will be in focus today EUR: Resistance holds GBP: Not quite the BoE pushback we were expecting CEE: Weak data confirming weak economy USD: Fed speakers will be in focus today FX...

The Commodities Feed: Natural Gas Under Pressure By ING Economic and Financial Analysis - Nov 07, 2023

Energy - Natural gas under pressure with full storage The oil market strengthened yesterday after both Saudi Arabia and Russia confirmed that their additional voluntary cuts will continue through...

FX: Dollar To Defy Seasonal Trends By Chris Turner - Nov 03, 2023

November and December are normally soft months for the dollar. This year, however, the tailwind from strong US growth and hawkish Fed policy should keep the dollar bid through to year-endFed-Driven...

Rates Spark: US Jobs Data Can Be Key By ING Economic and Financial Analysis - Nov 03, 2023

By Padhraic Garvey and Benjamin SchroederThe Rally In Long-End Rates Extended With the Curve Flattening AcceleratingOverall, we have now seen a drop of close to 30bp in 10-Year and longer yields over...

FX Daily: EMFX Surfs in a Sea of Green By ING Economic and Financial Analysis - Nov 03, 2023

USD: Will NFP can feed into the Fed pause narrative? EUR: The market has closed the door on further ECB hikes GBP: Forward guidance returns. Is the market listening? CZK: CNB postpones start of the...

The Commodities Feed: Positive Economic Sentiment Helps to Boost Prices By ING Economic and Financial Analysis - Nov 02, 2023

Energy – OPEC oil output held stable Metals – LME zinc jumps on mine closures Agriculture – Drought impacts sugar crop in Thailand Energy – OPEC oil output held stable ICE...

The Commodities Feed: Positive Economic Sentiment Helps to Boost Prices By Ewa Manthey - Nov 02, 2023

The Fed’s decision to keep interest rate hikes on pause for a second consecutive time has bolstered economic sentiment and supported commodity prices, including energy and metals. Fresh mine...

FX Daily: Fed Pause Renews Interest in the Carry Trade By ING Economic and Financial Analysis - Nov 02, 2023

USD: Investors look set to explore the Fed pause EUR: Global environment delivers a reprieve GBP: BoE to keep rates high for 'sufficiently long' CZK: CNB to start its cutting cycle USD: Investors...

The Commodities Feed: Central Banks Increase Gold Reserves By ING Economic and Financial Analysis - Nov 01, 2023 1

Energy – US oil inventory increased over last week Metals – Central banks’ gold purchases increase in third quarter Agriculture – India sugar production to fall 8% YoY in...

The Commodities Feed: Lingering Supply Risks By ING Economic and Financial Analysis - Oct 31, 2023

Energy - supply risks remain Metals – Iron ore supply risks Agriculture - US harvest progress Energy - supply risks remain The oil market came under significant pressure yesterday with ICE...

FX Daily: Strong Dollar Could be Challenged by Asia this Week By ING Economic and Financial Analysis - Oct 30, 2023

USD: Gearing up to Wednesday's FOMC meeting EUR: GDP data could take its toll GBP: On the soft side into BoE CEE: CNB starting its cutting cycle, inflation in Poland USD: Gearing up to Wednesday's...

Key Events in Developed Markets Next Week By ING Economic and Financial Analysis - Oct 27, 2023

US: Federal Reserve policy meeting in focus Eurozone: Inflation and GDP figures UK: Bank of England set for second consecutive pause Norway: Norges Bank to pause, but December rate hike remains the...

Four Scenarios for Thursday’s Bank of England Meeting, with Another Pause Likely By ING Economic and Financial Analysis - Oct 27, 2023

Expect another on-hold decision from the Bank of England "Higher for longer" set to remain the key message We expect rate cuts from next summer Gilt and sterling implications Four scenarios for the...