ING Economic and Financial Analysis

The move higher in the US Dollar has been unrelenting and this continues to weigh heavily on the commodities complex. Macro drivers remain firmly in the driving seat, while supply risks continue to be...

Unlike equity markets, where a fall of more than 20% from a peak is called a bear market, definitions in FX markets are somewhat looser. Suffice it to say that GBP/USD is the worst-performing G10...

The macro picture continues to weigh on the commodities complex and the hawkish FOMC meeting certainly hasn't helped. However, there are clear supply risks still facing the market following...

The Federal Reserve met expectations and hiked rates 75bp. With inflation proving to be far stickier than imagined, the Fed repeated that activity needs to slow much more with the door left wide open...

After the hawkish 75bp hike from the Fed, today sees close to 10 central bank policy meetings around the world. As the dollar breaks new ground to the upside, most central banks will respond with...

Price action across commodities is likely to be dictated by today's FOMC meeting. A 75 bps hike is likely priced in, but anything more aggressive could put further pressure on the complexEnergy: Macro...

We expect a 75bp rate hike by the Fed today, accompanied by a hawkish tone and Dot Plot projections which may show a terminal rate around 4.25-4.50%. We think this could keep risk sentiment fragile...

Markets have been trading in a fairly choppy manner, while sentiment remains relatively negative for risk assets. Participants will be focused on the Fed meeting later this week and expectations in...

The Swedish Riksbank today kicks off a busy week of central bank policy meetings, which should see chunky 75bp hikes in many countries. Central bankers pressing more firmly on the monetary brakes will...

July industrial production fell by 2.3%, reversing gains made in May and June. While Irish volatility plays a large part in recent swings, we expect manufacturing weakness to continue over the second...

Sentiment in the oil market remains fairly negative due to continued concerns over Chinese demandEnergy: China Demand DropDespite concerns over demand, the oil market is holding up relatively well. In...

A fresh serving of US data should keep the market's expectations hawkish. The move in the interest rate differential plays in the dollar's favour and reduces the room for a recovery in the euro. The...

A higher than expected CPI reading out of the US put downward pressure on most assets yesterday, including commodities. The above-consensus number will only add to speculation of the need for more...

Higher than expected US inflation has seen an extra 25bp added to expectations of the Fed tightening cycle, yield curves invert further, equities fall sharply and the dollar surge. The spectre of the...

The number of workers classified as long-term sick has jumped dramatically in the past couple of months, and that's one reason why firms are still struggling to source the staff they need. While...

Energy: Oil BouncesThe retreat in the US Dollar has provided a boost to oil prices, with ICE Brent briefly trading back above US$95/bbl at one stage yesterday. Despite this rebound, there are still...