26th Jan 2022. 7.48am
Regency View:
Morning Report – Wednesday 26th January
FTSE to open at 7,444 (+73 pts)
Despite forming a large bullish hammer candle on Monday, yesterday’s price action saw the S&P 500 trade lower…
The S&P retested the major support support zone at 4,306 – 4272 (September swing lows) as traders prepared for the prospect that the Fed will signal an increase in interest rates as soon as March.
While overnight in Asian, markets have tread water in a quiet session with all eyes on this evening’s Fed rate decision and policy statement.
S&P 500 | -1.22% | Bearish for UK stocks |
Hang Seng | -0.11% | Neutral for UK stocks |
Gold | -0.07% | Neutral for UK stocks |
AUD/JPY | +0.19% | Neutral for UK stocks |
US 10yr Yield | -5pts | Neutral for UK stocks |
Yesterday’s price action saw the FTSE trade within Monday’s range – forming an ‘inside day’ consolidation pattern just above the ascending trendline. And overnight, we’ve seen a push towards yesterday’s highs…
Monday’s large range now becomes a significant tool in being able to gauge the strength of the market.
Interim Results |
Hargreaves Serv (HSP) |
Scancell Holdings (SCLP) |
Q3 Results |
Wizz Air (WIZZ) |
Trading Announcements |
Dp Eurasia (DPEU) |
Pets At Home (PETS) |
Brewin Dolphin (BRW) |
Sage Group (SGE) |
International Economic Announcements |
(12:00) MBA Mortgage Applications (US) |
(13:30) Durable Goods Orders (US) |
(15:30) Crude Oil Inventories (US) |
(15:00) New Homes Sales (US) |
(00:01) BRC Shop Price Index |
(12:00) MBA Mortgage Applications (US) |
(15:30) Crude Oil Inventories (US) |
(19:00) Fed Rate Decision (US) |
(19:00) Fed Policy Statement (US) |
(19:30) Fed Policy Statement (US) |
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.
Create AccountAny Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital
Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.