ING Economic and Financial Analysis Analysis & Comment

ING Economic and Financial Analysis

The Commodities Feed: European Gas Security Concern Grows By ING Economic and Financial Analysis - Oct 11, 2023

Energy - European energy security concern grows The European gas market saw significant strength yesterday. TTF rallied more than 12.5% coming close to EUR50/MWh - a level last seen back in April....

The Commodities Feed: Uncertainty Lingers By ING Economic and Financial Analysis - Oct 10, 2023

Energy - supply risks lingerThe oil market managed to hold onto gains yesterday after opening higher following the terrible events that took place in Israel over the weekend. ICE (NYSE:ICE) Brent...

FX Daily: Waiting for Payrolls to Jump Back Into the Dollar By ING Economic and Financial Analysis - Oct 06, 2023 1

USD: Consensus payrolls may be enough to send the dollar higher EUR: Contained mis-valuation GBP: 1.20 remains a real possibility CAD: Key jobs figures to steer rate expectations USD: Consensus...

LME Week: The Fed, China and the Green Transition in the Spotlight By ING Economic and Financial Analysis - Oct 05, 2023

Have US interest rates peaked? When will we see a sustainable recovery in Chinese demand? Can we expect energy prices to stabilise going into 2024? Is the energy transition enough to boost the need...

Oil Takes a Hit By ING Economic and Financial Analysis - Oct 05, 2023 2

Oil saw its largest daily sell-off since July 2022 yesterday, with Brent settling 5.62% lower. This was despite no change in OPEC+ output policy, whilst the Saudis and Russia reaffirmed that their...

Our Latest Calls for Central Banks By ING Economic and Financial Analysis - Oct 04, 2023

Major central bank forecasts Federal Reserve Our call: No further rate hikes with cuts starting from Spring 2024 Rationale: The Federal Reserve continues to signal the potential for a further rate...

FX Daily: Back to the Status Quo By ING Economic and Financial Analysis - Oct 03, 2023

USD: Reclaiming the crown EUR: Back-end yield premium weighing on the euro GBP: 1.2000 in sight AUD: New RBA governor fails to surprise USD: Reclaiming the crown We had pointed at quarter-end flows as...

The Commodities Feed: OPEC+ Meeting By ING Economic and Financial Analysis - Oct 02, 2023

Energy - OPEC+ JMMC meeting Metals – LME aluminium spreads strengthen Agriculture – USDA increases wheat stock estimates Energy - OPEC+ JMMC meeting The oil market remains well supported...

FX Daily: Settling Into a Stronger Dollar By ING Economic and Financial Analysis - Oct 02, 2023

USD: Shut down averted – for a few weeks anyway EUR: Quarter-end bounce fades GBP: All quite on the BoE front CEE: Rates again the main driver for FX in the region USD: Shut down averted –...

Key Events in Developed Markets Next Week By ING Economic and Financial Analysis - Sep 29, 2023

US: A government shutdown looks probable UK: Bank of England survey to help cement expectations for a November pause US: A government shutdown looks probable A government shutdown now looks probable...

The Commodities Feed: Gasoil Cracks Strengthen By ING Economic and Financial Analysis - Sep 29, 2023

Energy - No further China export quotas Metals – Zinc jumps higher Agriculture – Brazilian coffee harvest advances smoothly Energy - No further China export quotas The rally in oil ran out...

Surging Oil Prices: a New Concern for Central Banks By ING Economic and Financial Analysis - Sep 26, 2023 1

Oil price rally likely to continue, but it's not sustainable in the longer run Is this the second wave of inflation that we thought would never come? How do current oil prices change our inflation...

The Commodities Feed: European Gas Rallies By ING Economic and Financial Analysis - Sep 26, 2023

Energy – European gas rallies Metals – Crude steel production softens Agriculture – Damage to Ukraine’s Odessa port Energy – European gas rallies European natural gas...

FX Daily: This is Not a June Reboot By ING Economic and Financial Analysis - Sep 25, 2023

USD: End of a strong quarter EUR: Focus on inflation this week GBP: Weak PMIs suggest rates have peaked CEE: Hawkish central banks fight dovish expectations USD: End of a strong quarter This week will...

The Commodities Feed: Oil Fundamentals Remain Supportive By ING Economic and Financial Analysis - Sep 25, 2023

Energy - Speculative appetite grows The oil market has held relatively steady in recent days with tightness in the physical market coupled with Russia’s recent export ban on diesel and...

Copper Prices Slump as LME Stocks Continue to Pile Up By ING Economic and Financial Analysis - Sep 22, 2023 2

LME copper stocks doubleCopper stocks held on the London Metal Exchange (LME) have more than doubled in the space of two months. This shows clear signals of weakening demand. Inventories of the red...

FX Daily: Re-Pricing for a World of Higher US Rates By ING Economic and Financial Analysis - Sep 22, 2023

USD: 4.50% on the US 10-year yield could pressure risk assets EUR: More pain from the PMIs? GBP: Most of the short-term repricing is done EM: Good news for India, bad news for Egypt USD: 4.50% on the...