ING
ING, Institutional
Gold: Energy-driven inflation weighs – ING
ING analysts Warren Patterson and Ewa Manthey report Gold failed to benefit from the equity sell-off and falling US Treasury yields, with spot prices down 2.8% and nearing $4,000/oz. They argue the Gold market is focused on higher Oil prices and their inflation implications, which could reinforce tighter central bank policy while US inflation remains […]
by Currency Hedger
- 0 Comments
- 9 hours ago
ING, Institutional
Oil: Risk premium supported by Gulf tensions – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices remain well supported as ICE Brent trades back above $110/bbl following new attacks on Saudi Arabia. They highlight that Kuwait is exporting as much crude as before the war while producing more than 2m b/d, but refined product shipping issues and elevated US inventory […]
by Currency Hedger
- 0 Comments
- 1 day ago
ING, Institutional
New Zealand Dollar: RBNZ hike seen with CPI near forecast – ING
ING’s Francesco Pesole expects New Zealand’s 3Q CPI to slow to 3.8%, broadly matching consensus and slightly under the RBNZ’s projection, with any upside surprise reinforcing expectations of an October rate hike. Markets already price a meaningful move after hawkish RBNZ commentary, while NZD is seen cheap versus fair value and NZD/USD is projected above […]
by Currency Hedger
- 0 Comments
- 2 days ago
ING, Institutional
Euro: French risks deepen downside pressure – ING
Francesco Pesole at ING highlights renewed pressure on French bonds, with the 10-year OAT-Bund spread nearing early October highs as budget worries and social unrest weigh on sentiment. EUR/CHF is seen as the main FX exhaust valve for French risk, with downside risks below key support, while EUR/USD may consolidate and EUR/GBP faces selling amid […]
by Currency Hedger
- 0 Comments
- 2 days ago
ING, Institutional
Oil: Middle East risks keep Brent above $100 – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil remains supported, with ICE Brent trading comfortably above $100/bbl as Middle East tensions and concerns over flows through the Strait of Hormuz sustain a risk premium. They highlight IEA members’ plan to release remaining emergency reserves and discuss US inventory draws and potential US dissatisfaction […]
by Currency Hedger
- 0 Comments
- 1 week ago
ING, Institutional
Polish Zloty: Exposed as NBP delays tightening – ING
ING’s Frantisek Taborsky highlights slightly higher final Polish inflation and unchanged core forecasts, with most Monetary Policy Committee members signalling that December is the earliest for rate-hike discussions. He argues delayed National Bank of Poland tightening, a firmer Dollar and record gas prices leave the Zloty vulnerable, and reiterates expectations for EUR/PLN to return to […]
by Currency Hedger
- 0 Comments
- 1 week ago
ING, Institutional
Oil: Market focuses on Persian Gulf risks – ING
ING strategists Warren Patterson and Ewa Manthey note that Oil prices remain supported as traders focus on Middle East and Persian Gulf supply risks rather than the Russia-Ukraine energy ceasefire. Brent has pushed back toward $107/bbl, while hurricane-related disruptions in the Gulf of Mexico and Saudi plans to expand pipeline capacity add further supply-side complexity […]
by Currency Hedger
- 0 Comments
- 1 week ago
ING, Institutional
CEE FX: Inflation data versus global Dollar strength – ING
ING’s Frantisek Taborsky highlights a busy week for CEE with key inflation releases and IMF meetings, while regional FX remains driven mainly by global factors. ING keeps a broadly bearish stance on CEE currencies, expecting EUR/PLN to stay near 4.40 and the Forint exposed to higher energy prices and a stronger Dollar, while retaining a […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
Gold: Central banks keep buying – ING
ING’s commodities team, led by Warren Patterson and Ewa Manthey, reports that Gold edged higher on Tuesday as lower Oil prices and stronger bond markets eased inflation concerns and reduced expectations of further rate hikes. They emphasize persistent central bank demand, with World Gold Council data showing continued net buying driven by long-term reserve diversification. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional, Market Analysis
Euro: Downside risks with 1.1100 in sight against US Dollar – ING
Francesco Pesole at ING highlights that the Euro (EUR) is under pressure from French bond market turbulence, which is adding a fiscal risk premium and driving a repricing lower in European Central Bank (ECB) rate expectations. Swap differentials now resemble levels historically consistent with weaker EUR/USD. ING sees limited confidence in a sustained rebound and […]
by Currency Hedger
- 0 Comments
- 2 weeks ago