ING Economic and Financial Analysis Analysis & Comment

ING Economic and Financial Analysis

Rates Spark: Low on Energy By ING Economic and Financial Analysis - Jan 05, 2023

Fed Insists on Higher for Longer in Their Latest MinutesMarket reaction to the FOMC minutes was muted. Breakevens, real rates and nominal rates did not do much at all. Although at the margin there has...

FX Daily: Energy Markets Dominate By ING Economic and Financial Analysis - Jan 05, 2023

USD: FOMC Minutes Barely Move the NeedleLast night's release of FOMC minutes could have been perceived as slightly hawkish, yet FX and interest rate markets barely budged. At the heart of the...

The Commodities Feed: Energy Complex Under Pressure By ING Economic and Financial Analysis - Jan 04, 2023

Energy - Milder Weather Continues to Weigh on GasEnergy markets came under significant pressure yesterday, along with the rest of the commodities complex. A stronger U.S. dollar weighed heavily on...

FX Daily: Seasonal Trends in Focus By ING Economic and Financial Analysis - Jan 04, 2023

The dollar has started 2023 with some stability after suffering heaving losses for large parts of the last quarter. Asset managers keen to earn their fees will be looking to put money to work and will...

U.S. Fed Pushes Back Against the Market With a Hawkish 50bp Rate Hike By ING Economic and Financial Analysis - Dec 15, 2022

50bp With a Hawkish Twist The Federal Reserve voted unanimously to raise the Fed Funds target rate range by 50bp to 4.25-4.5%, in line with market expectations. The text repeats that officials...

The Commodities Feed: Section of Keystone Pipeline Restarts By ING Economic and Financial Analysis - Dec 15, 2022

ICE Brent prices settled higher for a third consecutive day yesterday following an upward revision in the oil demand forecast by the International Energy Agency (IEA). However, the weekly petroleum...

Rates Spark: Rates Pressure Intensifies By ING Economic and Financial Analysis - Dec 15, 2022

Markets need to re-think the sustainability of the bond rally seen in the past month. Nominal and real rates are seen up. But not by very much. With no sense as of yet that the Fed is done, we...

The Commodities Feed: Complex Moves Higher By ING Economic and Financial Analysis - Dec 01, 2022

The oil market received a boost yesterday from multiple factors. ICE Brent managed to settle more than 3.2% higher on the day. Most risk assets rallied on the back of the US Fed chairman signaling...

FX Daily: Dollar Correction Extends By ING Economic and Financial Analysis - Dec 01, 2022

USD: Overreaction? The US dollar came off sharply late yesterday on comments from Federal Reserve Chairman Jerome Powell which signaled that December would probably be the occasion to shift to a...

Rates Spark: August Angst By ING Economic and Financial Analysis - Nov 30, 2022

The Treasury market is nervous about a repeat of the August hawkish Fed pushback.Market participants await nervously Powell’s speech this evening after the October CPI report sent bond yields...

FX Daily: Inflation Reality Check By ING Economic and Financial Analysis - Nov 30, 2022

Fed Chair Jerome Powell will remind the market of the central bank's hawkish determination today, supporting the dollar. Meanwhile, softer inflation is trimming expectations in the eurozone. Polish...

Rates Spark: Running on Fumes By ING Economic and Financial Analysis - Nov 23, 2022

We see a case for the bond rally to extend in the near term but we expect the move to run our of steam ahead of the next weeks’ inflation and employment dataDrift lower in yields to continue for...

The Commodities Feed: Oil Whipsawed By ING Economic and Financial Analysis - Nov 23, 2022

A stronger US Dollar weighed on most of the commodities complex. The oil market also saw significant volatility after reports that OPEC+ is looking to increase supply at its next meeting. These...

FX Daily: Sprinting Back to Defense By ING Economic and Financial Analysis - Nov 23, 2022

Despite a goal-rich start at the World Cup in Qatar, markets are all about defense right now. New Covid restrictions in China are fuelling a return to the safe-haven dollar while investors wait for...

FX Outlook 2023: The U.S. Dollar’s High Wire Act By ING Economic and Financial Analysis - Nov 21, 2022

The dollar is tumbling from multi-decade highs. Calling the FX market in 2023 requires taking a view on the Federal Reserve, the war in Ukraine, China, and the overall investment environment. We...

The Commodities Feed: OPEC Lowers Demand Forecasts By ING Economic and Financial Analysis - Nov 15, 2022

Most of the commodities complex came under pressure yesterday. Although nickel was one of the exceptions, hitting its daily limit of 15% after reports of a blast at a nickel pig iron plant in...

FX Daily: Extra Dose of U.S. Dollar Weakness By ING Economic and Financial Analysis - Nov 15, 2022

The dollar is inching lower again this morning and we think the ongoing correction could extend a bit more as optimism on US-China relations appears to be lifting sentiment. That said, a broader and...