ING Economic and Financial Analysis

The Bank of Japan tweaked its unconventional policy artillery but the super-easy stance is still very much in place. Here's what it means for yields and the yenJPY: BoJ’s subtle dovish policy...

Both manufacturing and non-manufacturing PMI points to expectations of slower export-related activities, including logistics. Luckily domestic services are still holding up wellThis is just the...

German inflation provides little evidence of a sustainable increase in underlying inflationBased on the results of seven regional states, German headline inflation recorded another marginal drop and...

We don't expect tomorrow's release to turn any heads. But economic data tells the story of how Canada is reaping the rewards of an exceptionally strong US economy - despite the ongoing trade tensions...

A pound under the political cosh is unlikely to find much love from a dovish 25bps BoE rate hike at the August 'Super Thursday' meeting. The tail risk of no rate hike this week would be the equivalent...

This week will see three major central bank meetings, three potential tightening steps or messages and three unusual reactions in currency markets.USD: FOMC reiterating independence may spur...

A rapid economic expansion, above-target inflation and a slice of better news on trade could mean a more forceful statement of intent from the Federal Reserve on Wednesday.Still growing...

The US economy expanded at an annualised rate of 4.1% in 2Q18. With inflation on the rise and the jobs market looking strong the Fed may have to strike a bolder tone at next week's FOMC...

Different week, same old story; the US's strong growth prevails with expectations of a 4%+ GDP reading in 2Q18, but it seems we can say quite the opposite for Sweden...take a look to see what else is...

Today's US GDP print is not the start of a new economic norm; expected growth of around 4% for the second quarter is distortedly high.USD: 4% US GDP growth to mark high in short-term USD cyclical...

The US and EU are friends again, sort of. President Trump and Jean-Claude Juncker agreed to take steps towards freer bilateral trade at a meeting in Washington yesterday, averting an all-out trade war...

For this week’s meeting, some ECB veterans might long for the good old days when the bank's summer meeting was held in the form of a teleconference. With little news, ECB President Mario Draghi...

Ifo index still points to solid growth but trade war fears continue to weigh on expectations.The search for the trough continues. After six drops in the last seven months, German business sentiment...

China's State Council has unveiled a number of measures to boost growth. But don't celebrate too soon. Most of the fiscal spending has been planned and is already in the pipeline. A loosening of...

US growth probably hit 4% in 2Q - twice the rate recorded for 1Q18. Strong momentum, a robust jobs market and rising inflation mean the Fed will continue hiking rates despite Trump, trade and yield...

Copper briefly dipped below $6k yesterday raising the question, how low can it go? At least near-term trade war sentiment seems able to push the market where it likes since the physical indicators are...