ING Economic and Financial Analysis

The Jackson Hole Symposium is mostly an academic endeavour with a heavy Federal Reserve flavour. The vast majority of what's discussed there will not be market moving; more market yawning. However,...

A large decline in US crude oil inventories has supported prices, while the market continues to wait for further detail on how Iranian nuclear talks are progressingEnergy: Hefty US Crude DrawEIA...

The dollar is slightly softer today as the People's Bank of China (PBoC) seemed to issue a protest against recent renminbi weakness with a stronger fixing. Additional stimulus measures from China are...

The hangover from this summer’s Goldilocks/soft landing party is a brutal one. Most asset classes are selling off but history suggests that this can only last so long. At some point, bonds...

Oil prices had a volatile day yesterday. Brent recouped almost all of its losses from earlier in the day after comments from the Saudi energy minister. Meanwhile, European natural gas prices continue...

The dollar is enjoying an ideal combination of conditions that support it staying below parity, while the euro will see another PMI drop today, supporting the divergence between the US and Europe. We...

We hoped falling gasoline prices would lift retail spending in July, but this wasn't the case. Nevertheless, the data still points to a healthy start to the quarter. The cash flow boost from lower...

The minutes to the Federal Reserve's July FOMC meeting point to ongoing rate hikes to ensure that inflation and inflation expectations don't become embedded. However, "many" participants fear they...

The UK CPI print was the not so gentle reminder that central banks' mission is far from accomplished. Near-term direction for rates should still be up. Illiquid markets may have amplified the reaction...

The US saw large oil inventory declines over the last week. However, commodities are still struggling to find direction. A number of markets are trying to balance weaker demand with growing supply...

Last night's release of the July 27 FOMC minutes was perhaps not the financial market bombshell that some were thinking. Yet we read three important takeaways for the FX market. These should...

A rebound in manufacturing and industrial output, coupled with a decent performance from the consumer sector and net trade and inventories being less of a drag support our view of 3%+ GDP growth in...

Eyewatering increases in household energy bills between now and next April mean inflation is likely to head above 12% from October. But core inflation might have peaked - or is close to peaking - now...

European natural gas prices continue to strengthen, which is having an impact on industrial output in the region. Yesterday, yet another metal smelter in Europe announced that it would halt production...

FOMC minutes as a communication tool against easing expectations should keep the US dollar supported. German recession is becoming inevitable. Sterling strikes back at the euro, backed by a hawkish...

University of Michigan consumer sentiment bounced more than expected in August with falling gasoline prices, rising equity markets and a robust labour market relieving some of the pressure on...