Trading Insights: Airbus taking off

Market Talk

Commentary:

Airbus SE is a European company that engages in the design, manufacture, and marketing of aerospace products, services, and solutions. It operates through the following segments: Airbus, Airbus Helicopters, and Airbus Defense and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and air components.

The Airbus Helicopters segment is composed of civil and military helicopters and related services. The Airbus Defense and Space segment includes military aircraft, which supports combat, mission, transport and tanker aircraft, and associated services; space

Airbus current price is 133.44 euros per share and trades on the Euronext stock exchange.

Skilling offers Airbus CFDs for traders to trade either long or short during European trading hours.

Source: TradingView June 19 2023 as of 7.56 UTC

Past performance is not an indication of future performance. CFDs can increase or decrease in value.

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Today’s economic calendar

Source: TradingView / J. Knobel June 19 2023 7:30 UTC

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Commentary & insights

CAD/JPY hits fresh multi-year highs

• Canada’s recent surprise 0.25% rate hike seems to be adding support for the CAD
• Bank of Japan’s still ultra-loose interest rate remains negative at -0.1%

Technical commentary: CAD/JPY is in an uptrend. This can be technically supported by the higher tops and higher bottoms on price. Current price is above its 10 and 40 day moving averages (bullish). It appears that a bull trigger event could have been triggered after price broke above the 105.45 zone opening up the prospects for an extension towards the 110.10s - 110.14 zone. Downside risk seen below 105.45.