ING Think

Aside from India and the Philippines, there is literally no inflation in the region - and a raft of March price data should make this point. The hike in fuel prices and the low base effects are working together to pressure inflation upwards in some c...

SpotWeek ahead biasRange next week1 month targetDXY91.5730Mildly Bearish91.3000 - 92.000091.0000The softening in US Treasury yields has been the big surprise and has pulled some of the tailwinds away from the dollar. Here our team sees the ECB doing ...

Next week will be packed with hard macro data releases from Poland. On Wednesday we will see figures from the corporate sector. This is partly due to the need to fill the gaps left by workers in quarantine. In our view, wage growth accelerated slight...

The eurozone focus will be on the ECB next week. The data calendar is fairly light in the US next week so we will be following the progress of Joe Biden’s infrastructure plan. In Canada, we will see a big jump in annual inflation, which follows on fr...

We're getting mixed signals in terms of default rates expectations, as rating agencies are taking a more optimistic approach, while we expect default rates to stay elevated for longer. As it stands, the European speculative-grade default rates are be...

After all the excitement ahead of the March meeting and speculation about how the European Central Bank would react to higher inflation rates and bond yields, it took a while for the ECB to communicate its reaction function. The ECB should try to bri...