China’s central bank continues to add Gold to its reserves, ING’s commodity experts Ewa Manthey and Warren Patterson note. Gold is one of the strongest-performing…
Preliminary China’s Customs data showed strong domestic demand for industrial metals. Imports of unwrought Copper rose 9.1% YoY (+4.3% MoM) to 480kt in July, ING’s…
After an initial positive spillover on the euro from news of Trump meeting with Putin next week, markets now need to assess how realistic a…
Scandinavian currencies should also do well if geopolitical risk is priced out, with Sweden’s krona likely better positioned than Norway’s krone due to opposite exposures…
New Zealand’s 2Q jobs data released overnight showed some slack is building, although not at an alarming pace, ING’s FX analyst Francesco Pesole notes. Upside…
A few headlines emerged from President Trump’s CNBC interview yesterday. First, Treasury Secretary Scott Bessent is off the shortlist to replace Federal Reserve Chair Jay Powell.…
There is much soul-searching in Switzerland after the country was slapped with 39% US tariffs last week, ING’s FX analyst Chris Turner notes. EUR/CHF edges…
LME Copper was down 1.4%, while prices on the Comex exchange plunged more than 20% last week after President Trump’s decision to exempt refined forms…
The Bank of England’s MPC meeting this Thursday might not prompt a major reassessment of the pace of the easing cycle, ING’s FX analyst Chris…
Friday’s soft jobs report knocked the stuffing out of the dollar’s rally. Investors now attach an 80% probability to a 25bp rate cut from the Federal…