ING Economic and Financial Analysis

With new TLTROs and a change to the forward guidance, the European Central Bank (ECB) today tried to get ahead of the curve. The measures demonstrate the ECB’s determination but will do little...

A sign of panic or an attempt to get ahead of the curve? The European Central Bank surprised almost everyone by announcing a new series of measures, trying to avoid an unwarranted tightening of its...

Chinese foreign exchange reserves rose slightly in February, with the value of non-dollar assets lower on the stronger dollar. We expect capital inflows to continue as more Chinese assets are included...

Your daily Roundup Of Commodity News And ING ViewsEnergyUS crude oil inventories grow: The EIA yesterday reported that US crude oil inventories increased by 7.07MMbbls over the last week, which was...

The mixed domestic and global economic backdrop has pushed Canada's central bank into a more dovish territory, but it might be too early to completely rule out a rate hike this year.At its latest...

Australian dollar sitting a little above 0.7050. A push below 0.70 wouldn't take too much and the RBA Governor seems happy to help.Just a little bit further...It's hard to find outright calls to make...

The cautious ECB tone this Thursday in the currently USD-supportive environment suggests a modest downside to EUR/USD. We reiterate our 1- to 3-month EUR/USD forecast of 1.1200. The upside to bund...

At 51.3, the UK February Markit/CIPs purchasing managers' index (PMI) is a little better than hoped and means the sector has avoided slipping into contraction territory. That said, the accompanying...

Federal Reserve: Taking stockEconomic and financial market “cross-currents” mean the Federal Reserve has adopted a more “patient”, data-dependent approach to monetary policy...

China’s biggest political meetings of the year, the so-called Two Sessions, kick off over the weekend, with the focus centred mainly on the government's work report, which will include GDP...

Next week's US data should be fairly decent, and we'll be listening out for any details on a potential US/China trade deal that could lift some of the gloom surrounding the global economy. Meanwhile,...

Still defying increased external uncertainties, the labor market remains the stronghold of the German economy.German unemployment dropped by 32,900 in February (not seasonally adjusted), bringing the...

It's central bank frenzy next week, but don't expect any changes to monetary policy. Plus, we get a new set of macroeconomic forecasts from Poland as well as inflation data from Hungary, Turkey and...

Next week's US data should be fairly decent, and we'll be listening out for any details on a potential US/China trade deal that could lift some of the gloom surrounding the global economy. Meanwhile,...

Subdued inflation in Germany leaves the ECB slightly baffled, supporting the case to buy more time, but defintely good news for consumers.According to the just-released first estimate based on the...

French consumer confidence bounced back in February, from 92 to 95 - the highest level seen since October. However, purchasing intentions are reacting slower than saving intentions and we expect...