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ING, Institutional
British Pound: Potential EU re-engagement supports Sterling – ING
Chris Turner at ING discusses the British Pound as EUR/GBP moves noticeably lower, suggesting emerging Euro weakness and a changing UK narrative. He highlights UK Prime Minister Andy Burnham’s speech on moving closer to Europe, including a possible push to rejoin the EU after the next election. Turner notes markets would likely view EU re-entry […]
by Currency Hedger
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- 3 days ago
ING, Institutional
EUR/USD: Lagarde’s dovish tilt weighs on Euro – ING
Francesco Pesole at ING says EUR/USD downside risks have increased after dovish comments from European Central Bank (ECB) President Christine Lagarde, which widened SOFR-ESTR spreads and tempered expectations for an October ECB hike. Lagarde comments pressure Euro outlook “The euro held up relatively well yesterday considering the slew of dovish-leaning comments by ECB President Lagarde, […]
by Currency Hedger
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- 5 days ago
ING, Institutional
AUD/USD: RBA hike fails to lift Aussie – MUFG
Lee Hardman at MUFG highlights that the Australian Dollar has slipped back below 0.7000 against the US Dollar, testing the 200-day moving average near 0.7030. Despite the RBA’s fourth rate hike this year to 4.60% and its commitment to tackle persistent inflation, Governor Bullock’s cautious remarks on whether policy is restrictive enough have tempered expectations […]
by Currency Hedger
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- 5 days ago
ING, Institutional
South Korean Won: Trade surplus seen widening – ING
ING’s Asia-Pacific research notes that South Korea’s upcoming data should show stronger industrial production and a widening trade surplus, even as export and import growth moderates. Technology and semiconductor exports are expected to underpin the surplus. At the same time, headline CPI is forecast to ease slightly, with core inflation decelerating more sharply, pointing to […]
by Currency Hedger
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- 1 week ago
ING, Institutional
Euro: Downside risks start to shrink against US Dollar – ING
Francesco Pesole at ING argues EUR/USD’s break below 1.140 has pushed the pair into stretched undervaluation versus their short-term fair value model, as rate differentials moved in favour of the Euro. While the Dollar-driven move and lack of nearby technical support keep catching a falling knife risky, ING expects eventual convergence toward the 1.1430–1.1450 area […]
by Currency Hedger
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- 1 week ago
ING, Institutional
Euro: Downside risks persist despite ECB hike call – ING
ING’s Francesco Pesole explains that despite political noise in Germany and an additional ECB hike now expected in December, ING keeps its EUR/USD profile unchanged with a 1.160 year-end target. He sees similar front-end pricing for EUR and USD, expects dovish repricing on lower energy prices, but highlights mostly downside risks for EUR/USD this week, especially if […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
Czech Koruna: CNB pause before potential November hike – ING
ING’s Frantisek Taborsky notes that the Czech National Bank (CNB) kept its policy rate at 3.75% with a dovish tone versus market pricing, but ING economists now expect a hike in November due to higher inflation forecasts and elevated global energy prices. While EUR/CZK trades around 24.300–24.350, ING sees a stronger Dollar lifting the pair […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
US Dollar: Warsh guidance keeps Greenback supported – ING
ING strategists Francesco Pesole and Frantisek Taborsky note that markets fully expect the Federal Reserve to raise rates by 25bp to 4.0%, with a surprise hold seen as materially negative for the Dollar. They argue the FOMC is likely aware of Treasury risks and will keep a hawkish tone, with Chair Kevin Warsh’s openness to further tightening […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
ING, Institutional
Oil: Saudi pipeline outage supports prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices have surged as the Saudi East–West pipeline shutdown tightens supply and keeps ICE Brent near recent resistance around $110/bbl. They highlight persistent uncertainty over damage and outage duration, with Saudi storage at Yanbu only offering temporary relief and risks that port stocks deplete before […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
ING, Institutional
Bank of Japan: Gradual path toward neutral rate – ING
ING analysts Chris Turner and Padhraic Garvey argue the Bank of Japan is likely to hike 25bp to 1.25% and then proceed cautiously. They see government resistance to aggressive tightening and project two additional 25bp hikes in January and April, taking the policy rate to 1.75%, which they view as near‑neutral ahead of a temporary […]
by Currency Hedger
- 0 Comments
- 3 weeks ago