{"id":124003,"date":"2025-12-02T11:08:52","date_gmt":"2025-12-02T09:08:52","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=124003"},"modified":"2026-01-15T15:46:51","modified_gmt":"2026-01-15T13:46:51","slug":"airbus-in-the-hotseat-over-quality-concerns","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/th\/airbus-in-the-hotseat-over-quality-concerns\/","title":{"rendered":"Airbus in the hotseat over quality concerns"},"content":{"rendered":"

Airbus has \u201cwarned that quality issues are affecting a limited number of fuselage panels on its best-selling A320 aircraft\u201d , with the company noting yesterday that it was inspecting all aircraft potentially affected by the issue. The company noted that the issue stemmed from a supplier quality issue \u201caffecting a limited number of A320 metal panels\u201d. The announcement by the company comes as a software update was required on about 6,000 A320 jets over the weekend. In turn the series of issues faced by the company could continue weighing on the company\u2019s stock.The US S&P and ISM manufacturing PMI figures for November where released during yesterday\u2019s American session and tended to showcase mixed signals for the state of the US manufacturing sector. In particular, the S&P manufacturing PMI figure came in better than expected at 52.2 versus 51.9, implying a greater expansion of the US manufacturing sector than what was expected. In theory this may have aided the dollar, yet the ISM manufacturing PMI figure for the same month came in at 48.2 which was lower than expected and tended to provide the opposite picture i.e a contraction, which may have weighed on the dollar. Nonetheless, dollar traders may be focused on the US JOLTs job openings figure for September which is due out today and could possibly influence the greenback depending on what picture the financial release showcases.The Eurozone\u2019s preliminary HICP rate for November is due out today and is expected to remain steady at 2.1%. Hence any rate higher or lower could potentially influence the common currency\u2019s direction for today.On a geopolitical level, tensions between the US and Venezuela continue to rise with reports having emerged that President Trump offered Maduro \u201csafe passage\u201d should he relinquish power. In turn any military conflict may influence oil prices.<\/p>\n\n\n\n

On a\u202ftechnical\u202flevel, EUR\/USD\u202fappears to be\u202fmoving in an upwards fashion after re-emerging above\u202four 1.1560\u202f(S1) support level. We now opt for a bullish outlook for the pair and supporting our case are all three indicators below our chart which tend to imply a bullish market sentiment. For our bullish outlook to be maintained, we would now require a clear break above our 1.1685 (R1) resistance level, with the next possible target for the bulls being our 1.1815 (R2) resistance line. On the other hand, for a sideways bias we would require the pair to remain confined between our 1.1560 (S1) support level and our 1.1685 (R1) resistance line. Lastly, or a bearish outlook we would require a clear break below our 1.1560 (S1) support line\u202fwith the next possible target for the bears being our 1.1405 (S2) support level.<\/p>\n\n\n\n

XAU\/USD appears to be moving in an upwards fashion after clearing our resistance now turned to support at the 4142 (S1) level. We opt for a bullish outlook for the precious metal\u2019s price and supporting our case is the upwards moving trendline located on our chart. For our bullish outlook to be maintained we would require a clear break above our 4240 (R1) resistance line with the next possible target for the bulls being our 4315 (R2) resistance level. On the other hand, for a sideways bias we would require gold\u2019s price to remain confined between our 4142 (S1) support level and our 4240 (R1) resistance line. Lastly, for a bearish outlook we would require a clear break below our 4142 (S1) support level with the next possible target for the bears being our 4080 (S2) support line.<\/p>\n\n\n\n

Other highlights for the day:<\/strong><\/h2>\n\n\n\n

Today we get UK\u2019s Nationwide house prices for November, Euro Zone\u2019s preliminary HICP rate also for November, the US JOLTS job openings figure for September, and later on the US API weekly crude oil inventories figure. On a monetary level, we note the speech of Fed Vice President Bowman and BoE MPC external member Dhingra speak. In tomorrow\u2019s Asian session, we get Australia\u2019s final PMI figures for November and GDP rates for Q3.<\/p>\n\n\n\n

EUR\/USD\u00a0 Daily Chart<\/strong><\/h2>\n\n\n\n
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