ING Economic and Financial Analysis

A weaker US dollar provided some support to the commodities complex yesterday. However, markets remain sensitive to external developments Energy – EIA Reduces Oil Surplus Estimates Despite the...

US equities remained under pressure at the start of this week. Meanwhile, European stocks also fell, allowing the US dollar to hang on to haven flows. Today’s JOLTS numbers are a key risk event, and...

After a week when FX markets were very much dominated by events in Europe, focus this weeks shift to China. Chinese retaliatory trade measures against US agricultural goods have come into effect and...

Oil prices started the week under pressure as Saudi Arabia cut prices and deflationary signals from China hurt sentiment Energy - Saudis Cut Crude Prices Downward pressure on US equities last week...

This week's FX price action has been dominated by two stories: the re-rating of the euro (EUR/USD) on the back of looser fiscal and tighter monetary policy expectations and the weaker US...

EUR/USD is trading at 1.08 following gargantuan moves in European yields. At the current level, the pair is only 1.2% overvalued in our calculation, and we’d be cautious to pick a top before the ECB...

Energy prices remain under pressure amid demand concerns, while copper prices get a boost from tariff uncertainty Energy- Brent Breaks Below $70/bbl Sentiment remains negative in the oil market, with...

The euro EUR/USD has surged after European leaders announced big spending plans for defence and infrastructure. This comes at a time when President Trump acknowledges that tariffs are causing a...

Commodities and risk assets in general are under pressure as trade policy uncertainty intensifies Energy- Venezuelan Oil Supply at Risk The oil market came under pressure again yesterday, with ICE...

Today marks a further large step into Donald Trump's America First Agenda. Substantial tariffs are being imposed on Canada and Mexico. Additional tariffs have gone in on China. Canada and China have...

Oil prices are weaker as OPEC+ confirms it will start reversing supply cuts, while tariff uncertainty is also hitting sentiment Energy- OPEC+ Set to Increase Supply Oil prices are under pressure with...

As markets assess the implications of the Zelenskyy-Trump clash on Friday, the focus today is whether US tariffs on Mexico and Canada will go ahead. The FX market is not pricing in 25% duties as a...

In response to criticism of tariff 'confusion', President Trump stepped in emphatically yesterday to announce that tariffs would be going ahead on Canada, Mexico, and China next Tuesday. That's the...

The US dollar has come under some pressure on the back of the rerating of the US growth outlook and expectations that the Russia-Ukraine conflict is nearing an end. However, we expect US tariffs to...

FX volatility levels remain close to two-month lows as investors weigh up dominant themes. The possibility of a ceasefire in Ukraine certainly plays a role, judging by the pricing of assets in...

Oil prices are largely under pressure amid demand concerns, while the European gas market continues to sell off aggressively Energy – TTF Sell-Off Continues Oil prices continued to trend lower...