ING
ING, Institutional
CEE FX: Strong Dollar and energy rebound weigh – ING
ING strategist Frantisek Taborsky notes that rising global energy prices and a stronger Dollar are pressuring Central and Eastern European currencies. EUR/PLN is near 4.420, EUR/CZK at its highest since mid-October, and EUR/HUF above 365. ING maintains a bearish view on CEE FX, expecting further downside for regional currencies as markets follow the broader global […]
by Currency Hedger
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- 18 hours ago
ING, Institutional
US Dollar: Strong tone with yield curve support – ING
ING’s Chris Turner notes the Dollar is trading near this year’s highs after another hot US inflation print and hawkish comments from Fed member Chris Waller. ING argues that bearish yield curve flattening typically supports the Dollar versus procyclical currencies. Fed hawkishness underpins broad dollar strength “The Fed’s Chris Waller tossed a hawkish grenade into […]
by Currency Hedger
- 0 Comments
- 2 days ago
ING, Institutional
EUR/USD: Support holds but upside limited – ING
ING’s Chris Turner highlights that a key technical level at 1.1110 is providing a floor for EUR/USD, marking a 50% retracement of the prior rally. While some profit-taking on short positions is likely, ING sees a weak case for a sustained bounce. Key support at 1.1110 but capped upside “A high technical level at 1.1110 […]
by Currency Hedger
- 0 Comments
- 2 days ago
ING, Institutional
EUR/USD: Range-bound then recovering – ING
ING’s Chris Turner projects EUR/USD to trade soft in a 1.10–1.15 range over the next four to five months as French budget politics keep a risk premium in the Euro ahead of April elections. French risks cap Euro near term “French budgetary politics look set to keep a risk premium in the euro ahead of […]
by Currency Hedger
- 0 Comments
- 3 days ago
ING, Institutional
Czech Koruna: Range seen holding against Euro – ING
ING strategist Frantisek Taborsky assesses EUR/CZK after the Czech National Bank’s dovish-leaning 4–3 split decision. He notes that rate differentials would point to a weaker koruna, but sees the recent rally in CZK rates as excessive. With expected correction in rates and seasonal support, ING keeps a relatively tight EUR/CZK range, only slightly adjusted from […]
by Currency Hedger
- 0 Comments
- 7 days ago
ING, Institutional
Gold: Post-election surge faces headwinds – ING
ING strategists Warren Patterson and Ewa Manthey note that Gold has jumped back above $4,000/oz after the Democratic sweep in the US midterms, helped by lower Treasury yields, a weaker Dollar and strong central bank buying. They caution that near-term prospects remain challenging as inflation keeps monetary policy expectations tight and Middle East developments stay […]
by Currency Hedger
- 0 Comments
- 1 week ago
ING, Institutional
Swiss Franc: Franc supported by hawkish SNB risk – ING
Chris Turner at ING notes EUR/CHF fell after Swiss inflation surprised at 1.5% year-on-year, raising doubts that the Swiss National Bank can avoid tightening through 2027. He recalls the SNB’s 2023 strategy of driving the Swiss Franc stronger via FX sales and expects growing interest in the currency, with downside risks to existing EUR/CHF forecasts […]
by Currency Hedger
- 0 Comments
- 1 week ago
ING, Institutional
Oil: Geopolitical risk premium holds as midterms loom – ING
ING analysts Warren Patterson and Ewa Manthey note that Brent rallied strongly last week, supported by escalating Gulf risks and renewed attacks on Russian refineries. They highlight market nervousness ahead of US midterm elections, with traders weighing potential US–Iran hostilities against a tentative diplomatic track. Speculative positioning in ICE Brent remains below March highs, leaving […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
Euro: ECB December hike expectations support EUR – ING
ING’s Francesco Pesole notes that the European Central Bank (ECB) held rates steady but delivered hawkish signals, with President Christine Lagarde hinting at further tightening and officials reportedly ready to raise rates in December. While Lagarde’s upcoming departure and the choice of her successor pose potential downside risks to the Euro, Pesole sees scope for […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
ING, Institutional
CEE FX: Gas-driven downside risks persist – ING
ING’s Frantisek Taborsky notes the Czech National Bank is likely to deliver a 25bp hike to 4.00%, but stresses that CEE markets are primarily driven by energy prices. While a softer EUR/USD and firmer equities may offer short-term support to CEE currencies, surging TTF gas prices above €100 underpin ING’s bearish medium-term outlook for regional […]
by Currency Hedger
- 0 Comments
- 2 weeks ago