ING Economic and Financial Analysis

Markets may tread carefully today ahead of Monday’s inauguration of President Trump. There are lingering concerns about the “day one” measures, some of which are priced in, which could generate some...

Oil prices edged lower yesterday despite mounting supply risks related to sanctions Energy – Large US Natural Gas Storage Decline Oil prices traded weaker yesterday with ICE (NYSE:ICE) Brent falling...

Besides expecting another round of positive US activity data, today’s FX focus will be on the Senate confirmation hearing of Scott Bessent, Trump’s nominee for US Treasury Secretary. He will be...

Brent has broken above US$82/bbl. Falling US crude oil stocks and uncertainty over Russian oil supply following US sanctions continue to support prices Energy – US Crude Stocks Fall Oil prices...

The US PPI surprised on the soft side, but that does not mean today’s CPI will send similar upbeat signals. We expect a 0.3% MoM core print, which can offer a new round of support to the dollar. In...

Energy prices fell yesterday, however, there is still plenty of uncertainty over how oil supplies evolve in the months ahead following US sanctions Energy – Colonial Pipeline Outage Oil prices fell...

The US releases PPI figures for January today, where the core measure is expected to accelerate at an unwelcoming 0.3% MoM. That should cast more doubts about further Fed easing and give the dollar...

The latest US sanction package against Russia has rattled energy markets, pushing both oil and European gas prices higher Energy – Sanctions See Prices Spike Energy prices spiked higher yesterday as...

Friday's strong US jobs release has provided another leg higher for the US Dollar. It is hard to see the dollar trend changing this week given the prospect of another strong set of US inflation data,...

Oil prices have rallied following the announcement of stricter US sanctions against Russian oil, targeting both production and export flows. These latest sanctions have the potential to erase the...

European natural gas prices continue to come under pressure, with TTF down more than 9% so far this week Energy – Oil Supported, Gas Weaker Oil prices remain well supported with ICE (NYSE:ICE) Brent...

United States Recent business surveys suggest that the clean election outcome has led companies that delayed investment and hiring due to election/regulatory uncertainty to start putting money to...

A better 30-year US Treasury auction and a US Federal holiday could bring some calmer conditions to bond and FX markets today. However, do not expect the US dollar to hand back much of its recent...

The US dollar is receiving some fresh support from data, particularly from the spike in the ISM services prices paid sub-index in December. Should we see a re-focus of the Fed on inflation concerns,...

Oil prices moved higher yesterday with sentiment remaining supportive. Meanwhile, China’s central bank added to its gold reserves for a second month in December Energy – More Obstacles for Iranian...

Markets have been re-pricing the prospect of Federal Reserve rate cuts this year in the wake of more hawkish Fed commentary. Today's data suggests that the economy is maintaining its strong momentum...