Quotes

CFD Trading Rate Airbus Group (EURONEXT) (AIR)

Bid
Ask
Change (%)
Date/Time (GMT 0)
Over the past 10 days
Date Rate Change

Related news

  • 13.03.2024 13:18
    USD/CAD Price Analysis: Air-kissing the Ascending Wedge goodbye
    • USD/CAD broke out of a bearish wedge pattern it has been rising in during 2024.
    • It stopped its downtrend, however, and returned back up to retest the lower borderline. 
    • This is likely a final test “goodbye”· before the pair resumes its bear move. 

    USD/CAD has recently broken out of the Ascending Wedge pattern which it has been forming since January. 

    US Dollar versus Canadian Dollar: 4-hour chart

    Downside following the breakout was curtailed and the pair turned around and climbed back up to the lower borderline of the wedge, where it currently trades.

    It is not uncommon for price to return to a trendline for a final retest before pushing lower again, and this is what is probably happening on USD/CAD. 

    The pair will probably “air-kiss” the borderline “goodbye”, therefore, before resuming its move lower. Bearish confirmation would probably come with a break below the last swing low at around 1.3466.

    The height of the wedge at its widest point extrapolated lower offers an eventual target for the downside move at 1.3302. 

    For the cautious, more conservative estimates would be the low of the wedge at 1.3358, or possibly even the Fibonacci 0.618 ratio of the pattern’s height at 1.3374. 

    On the other hand, a break back inside the wedge pattern and above 1.3526 would cancel out the bearish view and suggest a bullish reversal was taking place.

     

  • 05.02.2024 03:09
    WTI edges lower to near $72.30 despite the US, UK air strikes on the Iran-backed Houthi
    • WTI oil price trims intraday gains despite escalated geopolitical tension in the Middle East.
    • US and UK conducted new air strikes on the Houthi militant group in Yemen on Saturday.
    • White House national security adviser, Jake Sullivan, expected the possibility of strikes on Iranian soil.
    • Crude oil prices faced challenges after the release of solid US labor data on Friday.

    West Texas Intermediate (WTI) oil price struggles to break a three-day losing streak on Monday. Crude oil prices have trimmed their intraday gains despite escalated geopolitical tension in the Middle East, where the United States (US) and the United Kingdom (UK) conducted new air strikes on the Iran-backed Houthi militant group in Yemen on Saturday. As of now, the WTI oil price trades around $72.30 per barrel during the Asian session.

    The latest strikes were in response to a drone strike that resulted in the death of three US service members in Jordan. In retaliation, Yemen's Houthi rebels have vowed to extend their military operations. Meanwhile, the White House national security adviser, Jake Sullivan, warned on Sunday that US airstrikes on Iranian-backed militias in the Middle East were just the beginning of a sustained response. Sullivan did not rule out the possibility of strikes on Iranian soil.

    The blockbuster job data from the United States (US) has diminished the likelihood of March interest rate cuts by the Federal Reserve. The prospect of higher interest rates can have a dampening effect on economic growth and oil demand in major economies, leading to a decrease in Crude oil prices.

    The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are anticipated to encounter a long-term challenge in 2024 and 2025. This challenge stems from OPEC+ efforts to undercut global supply by implementing strict production quotas on member nations. However, the concern is that non-OPEC producers, including the United States, could potentially outstrip the OPEC+ supply cuts and oversupply global markets.

     

  • 23.01.2024 02:56
    WTI improves to near $74.70 over global energy supplies, air strikes against Houthis
    • WTI price moves higher on concerns over global supply disruptions.
    • Ukraine conducted a drone attack on a Russian fuel terminal Novatek.
    • US-led coalition continues air strikes against Iran-backed Houthi terrorist targets in Yemen.
    • Libya’s Sharara oilfield resumed operations to bring back the supply of 270,000 bpd.

    West Texas Intermediate (WTI) price extends its gains for the second successive session, improving to near $74.70 per barrel during the Asian session on Tuesday. The rise in Crude oil prices is attributed to concerns over global energy supplies, sparked by a drone strike on Russia's Novatek by Ukraine. Additionally, disruptions in Crude production from the United States (US) due to extreme cold weather have contributed to the upward pressure on oil prices.

    Reports from both the BBC and the Wall Street Journal indicate that Ukraine conducted a drone attack on a Russian fuel terminal using explosives. Furthermore, North Dakota's pipeline authority has stated that over 20% of the state's oil output remained shut in on Monday due to severe cold weather. These developments highlight the multifaceted factors influencing oil markets, which can contribute to fluctuations in Crude oil prices.

    The situation in the Red Sea is becoming increasingly precarious as Iran-backed Houthi rebels continue to escalate attacks on maritime ships. This poses a significant risk to oil supply disruptions, especially in the context of mounting instability that could potentially spill over into the Middle East countries. Moreover, US officials have confirmed a fresh round of military action, including air strikes, against Iran-backed Houthi terrorist targets in Yemen. This further adds to the geopolitical tensions in the region, contributing to the overall volatility in energy markets.

    Meanwhile, in Libya, the state-run National Oil Corporation has reported that the Sharara oilfield resumed operations on Sunday. This development brings back the supply of 270,000 barrels per day (bpd), contributing to 1 million bpd for the OPEC country.

    In 2023, Russia emerged as the largest crude oil exporter to China, surpassing Saudi Arabia, despite Western sanctions to restrict Russian oil trade. According to Chinese customs data, Russia sold approximately 2.14 million barrels per day (bpd) of crude oil to China during the mentioned period.

    Market participants will likely watch the upcoming Crude Oil Stock data closely, with the American Petroleum Institute (API) set to release its report for the week ending on January 19 on Tuesday. This will be followed by the Crude Oil Stocks Change data from the US Energy Information Administration (EIA) scheduled for Wednesday.

     

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location