European Union

The pound sterling hit a two month high of $1.25 against the dollar Friday following comments from European Commission President Jean-Claude Juncker that he is positive the U.K. could reach a Brexit deal with the EU.  The deadline for the U.K. to Brexit and officially leave the EU is Oct...

Good day, The German automotive industry is witnessing some pressing times as experts fear a bankruptcy wave within the automotive parts suppliers' segment. Avir Guss, a leading auto parts manufacturer, currently has a debt that runs in the millions, which it needs to repay this week. If it is not...

The International Road Transport Union (IRU) has called for the stakeholders to join hands in amidst a rapidly evolving landscape marked by burgeoning geopolitical unrest, digitalization challenges and widespread concerns on climate change.  "IRU's job is to help drive economic growth by finding...

The recent acquisition of formerly SIX Swiss Exchange-traded freight forwarder and logistics specialist Panalpina by acquisitive Copenhagen-listed transportation and logistics company DSV marks one of the few M&A deals that have occurred in the market over the last several years. Initial...

Credit rating agency Fitch Ratings published a report Sept. 9 noting that trade policy disruptions, including recent sharp escalation in the U.S.-China trade war and significant risks of a no-deal Brexit, are darkening the global economic outlook. In an update of the company's global economic...

EUR/USD has been trading around the highest levels of the month after the ECB introduced some stimulus. The US and China are considering an interim deal. Friday's four-hour chart is showing a positive picture for the pair. Did Draghi do "whatever it takes"? Mario Draghi,...

A no-deal British exit (Brexit) from the European Union could see truck flows on English Channel tunnel and ferry routes cut to just 50% of current levels for three months, according to newly revealed secret U.K. government documents. Truck drivers could also face delays of up to 2.5 days before...

The European Automobile Manufacturers' Association (ACEA) called for a comprehensive plan to transition to zero-emission mobility in Europe during a meeting it chaired at the IAA 2019 conference in Frankfurt, Germany on Sept 11.  Carlos Tavares, president of ACEA, stated that the association wants...

By Bill Griffin, New Frontier Data Europe Europe is set to be the most valuable cannabis market thanks to its vast and rich population. It's no surprise then the rest of the world all have ambitions to be their number one supplier. Africa, in particular, is ideally positioned to capitalize on a...

EUR/USD gains have reached standstill amid fresh hopes for a US-Sino trade deal. Top-tier US economic indicators are set to dominate trading. Thursday's four-hour chart is painting a mixed picture. EUR/USD has staged an impressive recovery – but doubts about its sustainability are...

Upbeat euro-zone services figures support the euro. Weak US data has been weighing on the US dollar. Hawkish comments from ECB members have supported the euro. However, EUR/USD bears are still in control according to Wednesday's technical chart. "It's the economy, stupid" was...

EUR/USD has hit new two-year lows, further below 1.1000. Tuesday's daily chart is pointing to oversold conditions as 2017 levels come into play. US developments may trigger a short-term recovery. Dropping below 1.1000 has proved detrimental for EUR/USD – which extends its downfall and...

EUR/USD remains on the back foot amid disappointing German data. Trade concerns and US GDP will likely set the tone later today. Thursday's four-hour chart is pointing to further falls. Markets are beginning to buy into the US-Sino calls for calm on trade – and EUR/USD is feeling it. US...

The common currency finds it harder to gain on intensifying US-Sino tensions. Markets are pricing successful coalition talks in Italy – that are far from certain. EUR/USD has been grinding lower and lost the 50-SMA on the four-hour chart. Reports suggest that China finds it harder to trust...

Calm on the trade front has ended as China rejected Trump's optimism.  Falling US bond yields have failed to boost the euro. Tuesday's technical chart is mixed for EUR/USD. The euro's ability to enjoy the misery of others may have reached its limits – is it ready for a more...