ING Economic and Financial Analysis

This week's FX price action has been dominated by two stories: the re-rating of the euro (EUR/USD) on the back of looser fiscal and tighter monetary policy expectations and the weaker US...

EUR/USD is trading at 1.08 following gargantuan moves in European yields. At the current level, the pair is only 1.2% overvalued in our calculation, and we’d be cautious to pick a top before the ECB...

Energy prices remain under pressure amid demand concerns, while copper prices get a boost from tariff uncertainty Energy- Brent Breaks Below $70/bbl Sentiment remains negative in the oil market, with...

The euro EUR/USD has surged after European leaders announced big spending plans for defence and infrastructure. This comes at a time when President Trump acknowledges that tariffs are causing a...

Commodities and risk assets in general are under pressure as trade policy uncertainty intensifies Energy- Venezuelan Oil Supply at Risk The oil market came under pressure again yesterday, with ICE...

Today marks a further large step into Donald Trump's America First Agenda. Substantial tariffs are being imposed on Canada and Mexico. Additional tariffs have gone in on China. Canada and China have...

Oil prices are weaker as OPEC+ confirms it will start reversing supply cuts, while tariff uncertainty is also hitting sentiment Energy- OPEC+ Set to Increase Supply Oil prices are under pressure with...

As markets assess the implications of the Zelenskyy-Trump clash on Friday, the focus today is whether US tariffs on Mexico and Canada will go ahead. The FX market is not pricing in 25% duties as a...

In response to criticism of tariff 'confusion', President Trump stepped in emphatically yesterday to announce that tariffs would be going ahead on Canada, Mexico, and China next Tuesday. That's the...

The US dollar has come under some pressure on the back of the rerating of the US growth outlook and expectations that the Russia-Ukraine conflict is nearing an end. However, we expect US tariffs to...

FX volatility levels remain close to two-month lows as investors weigh up dominant themes. The possibility of a ceasefire in Ukraine certainly plays a role, judging by the pricing of assets in...

Oil prices are largely under pressure amid demand concerns, while the European gas market continues to sell off aggressively Energy – TTF Sell-Off Continues Oil prices continued to trend lower...

The US dollar has found a little support overnight after the House passed a budget blueprint bill laying the groundwork for President Trump's tax-cutting agenda. The focus on fiscal might buy a...

Energy prices are under pressure amid demand concerns and improving prospects for a Russia-Ukraine peace deal. But tariff risks continue to hit metal markets Energy-WTI Below $70 Energy markets came...

Trump said yesterday that tariffs on Mexico and Canada are still on the table ahead of next Monday’s deadline. Markets remain reluctant to price that in for now, and some soft US consumer confidence...

Germany voted over the weekend, and the results are broadly in line with expectations. The euro (EUR/USD) got a small boost from the CDU/CSU being able to form a coalition only with the SPD, without...