ING Economic and Financial Analysis

Equity markets are back to where they were, and the US dollar is 0.5% softer than when a court ruled the majority of US tariffs illegal on Wednesday evening. An appeals court yesterday intervened in...

The US dollar has jumped in Asia on news that a US court has ruled the majority of President Trump's tariff hikes illegal. We also found the minutes of the 7 May FOMC meeting slightly hawkish and...

Oil prices are firmer this morning after a US court blocked President Trump’s “Liberation Day” tariffs Energy – Sentiment Improves for Now Oil markets strengthened yesterday as sanction risks against...

The US dollar has had a lift from a rebound in consumer confidence and Trump striking a more conciliatory tone towards the EU. Now that EUR/USD has returned to the 1.130 anchor, the dollar may...

Oil is firmer this morning amid the prospect of further sanctions against Russia, overcoming yesterday’s downward price pressures Energy- Sanction Risks Grow Crude oil prices came under pressure...

Tariff drama left the US dollar weaker in April, and the recent short-lived Trump-EU spat is no exception. With market concerns on the US deficit still playing a role, the downside risks for the...

Oil prices are trading stronger this morning after President Trump extended the deadline for tariffs on the EU. Meanwhile, attention is turning to supply as OPEC+ prepares to meet OPEC+ Supply The...

FX markets are settling into calmer conditions ahead of the long weekend in the US and the UK. While G7 finance officials reaffirmed their commitment to free-floating exchange rates at this week's...

Oil prices came under pressure yesterday, and in early morning trading today, amid increasing noise around OPEC+ production policy for July Energy – OPEC+ Output Policy The oil market is under...

The composite PMI declined from 50.4 to 49.5 in May, indicating that the eurozone is falling back into stagnation. It's worrisome that the main culprit is the service sector, which has long been the...

House Republicans may have reached some agreement on Trump’s flagship “Big, Beautiful Bill”, which has caused market concern over the deficit and raised downside risks for the US dollar. There are...

A quiet data calendar is allowing the US Dollar bearish trend to re-emerge. However, some USD-positive headlines on trade may come out of the ongoing G7 summit in Canada – that is, barring any...

Oil prices surged this morning on media reports that Israel is planning a possible strike on Iranian nuclear facilities Energy – Geopolitical Risks Grow The oil market spiked in early morning trading...

The US dollar remains gently offered in quiet conditions. In the absence of important US data this week, investors are continuing to speculate over whether US trade deals with Asia will involve a...

Oil prices remain steady as the market digests the Trump-Putin call, which appears to have resulted in no significant breakthroughs Energy – Chinese Oil Demand Falls The oil market eked out a small...

Oil sold off yesterday amid rising hopes for an Iranian nuclear deal after comments from President Trump Energy – Iran Nuclear Deal Hopes The oil market sold off yesterday following comments from...