ING Economic and Financial Analysis

Oil prices edged lower yesterday, with a stronger US Dollar providing headwinds for the market Energy- OPEC Output Rises The oil market continued to edge lower yesterday, with a stronger US dollar...

Since reaching a record high above $3,500/oz in April, the gold rally has stalled, and is in need of a fresh catalyst to help push it higher Gold Consolidates Source: Refinitiv, ING Research But...

A significant increase in pharmaceutical production has caused another rebound in eurozone production. While production is volatile given US frontloading, second quarter GDP may turn out not quite as...

All eyes are on the US June CPI release at 1430 CET today. Will this year's increase in US tariffs finally start to show up in headline inflation and push back against calls for early Fed cuts? That...

Oil prices fell yesterday despite President Trump threatening 100% secondary tariffs on Russia, a clear sign that the market isn’t buying his threats. Energy – The Oil Market Doesn’t Buy the...

Having gapped 0.3% lower in Asia on news of a potential 30% US tariff on EU imports, EUR/USD is now barely 20 pips down on Friday's close. These kinds of threats seem typical as President Trump tries...

The oil market is holding firm despite tariff developments. Instead, the market appears focused on uncertainty around President Trump’s scheduled “major statement” related to Russia. Energy – Oil...

There'll be no relief from the summer heat and storms this summer, both actual and those originating from the White House Sitting in a stifling office or a packed train in the middle of a heatwave...

Are markets too confident in a September Fed rate cut? Yes. But are central banks too nervous about another inflation wave? Also, yes, argues James Smith. He’s got a bone to pick this week, as the...

A fifth straight decline in initial jobless claims places even more emphasis on Tuesday’s CPI data to vindicate markets' residual bets on a September Fed cut. The consensus view has now emerged: a...

Oil prices are under pressure, despite OPEC+ reportedly nearing the end of its supply hikes. President Trump's talk of a “major” Russia statement on Monday has the market on edge Energy – Oil Falls...

The US dollar downtrend is pausing for breath. Fresh updates on US tariff levels are having a diminishing marginal impact on FX markets, and instead, macro factors are making a comeback. Here, we...

Eurozone data remains volatile amid trade war developments, but the underlying trend is still sluggish. Uncertainty is slowing domestic demand, which contributes to our expectation of a further rate...

Growth challenges are mounting while tariffs will lift inflation, but stagflation fears are wide of the mark. The Fed will likely delay rate cuts until the end of the year, despite escalating...

Trump's 50% tariff announcement on Brazil, a net importer from the US, appears linked to charges against former President Jair Bolsonaro, and is resulting in significant pressure on the BRL. But...

President Donald Trump last night announced a 50% tariff on copper imports, driving New York futures to a record high US copper futures hit a record high yesterday – surging as much as 17% – after...