ING Economic and Financial Analysis

We rationalize why US longer tenor rates are rising – basically, the curve is inverted and getting used to discounting structurally higher rates. If so, reversion to a normal curve must mean...

The oil market had largely expected the Saudis and Russians to extend supply cuts. What was unexpected was extending these cuts through until year-endEnergy – Saudi Extends CutsThe oil market...

USD: ISM services the only threat to an otherwise bullish story EUR: EUR/USD looks vulnerable GBP: Look out for BoE Governor Andrew Bailey at 3:15 pm CET CAD: An unsurprising pause by the Bank of...

USD: Little reason to offload dollar positions The dollar has had a good couple of months. It has been buoyed by domestic strength in the US economy and souring sentiment in key trading partners...

Energy - Saudi oil cuts The oil market had a strong week last week with ICE (NYSE:ICE) Brent managing to settle 4.82% higher, which also saw the market almost hit US$89/bbl and trading to its...

US service sector set to lose momentum as lending standards tighten Bank of Canada to keep rates on hold as growth cools Bank of England survey to signal that price pressures are cooling US service...

Crude oil prices have been trading firm this morning after Russia confirmed that it will extend export curbs, although the details are still not available. US natural gas inventory continue to...

Higher interest rates and a stagnant economy keep bank lending on a weakening trend. Annual growth in broad money growth is now negative. This adds to expectations of a weak eurozone economy in the...

European natural gas prices rallied yesterday as the threat of strike action in the Australian LNG industry grew. This is after unions served a strike notice to Chevron (NYSE:CVX).Energy – A...

The ECB hawks have stepped in to revive depressed rate expectations, but markets are opting for data dependency, and EUR/USD is set to face two key risk events with eurozone inflation figures before...

US: Upcoming data will indicate the likelihood of one more rate rise The Federal Reserve's Jackson Hole conference indicated that the September FOMC meeting is likely to see the Fed funds policy...

USD: Powell hawkishness looks largely in the price Some Fed speakers laid the groundwork for today’s keynote speech by Fed Chair Jerome Powell at the Jackson Hole Symposium. This bulk of...

The oil market continues to face headwinds, both on the macro front and on the back of expectations of supply increases. Meanwhile, the natural gas market could see further volatility over the coming...

USD: Nvidia results in focus The Jackson Hole Economic Symposium starts tomorrow and should become the overwhelmingly predominant driver for currency markets. For now, investors are keeping a close...

UK services inflation, the part of the CPI data the Bank of England is most concerned about, has picked up again from 7.2% to 7.4%. That’s higher than the Bank had forecast (7.3%), but...

Energy: Natural gas spikes higher once again The effects of weaker-than-expected Chinese macro data rippled through the commodities complex yesterday, including oil. ICE (NYSE:ICE) Brent settled...