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13th May 2022. 7.47am

Regency View:

Morning Report – Friday 13th May

FTSE to open at 7,297 (+64 pts)

Stocks continued to sell-off on both sides of the Atlantic yesterday as traders sought refuge in the US dollar…

The dollar index, which measures the strength of the US currency against a basket of six others, rose 1% to 104.83 points – a level it last touched in 2002.

Overnight, Asian shares have bounced with the Hang Seng and Nikkei both more than +2% higher on the day – causing European futures to follow suit.

S&P 500-0.13%Neutral for UK stocks
Hang Seng+2.33%Bullish for UK stocks
Gold+0.04%Neutral for UK stocks
AUD/JPY+0.77%Bullish for UK stocks
US 10yr Yield-52ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE close below Wednesday’s bearish pin-bar candle – confirming a new lower swing high.

We now have the potential for a small consolidation range to develop between Wednesday’s swing high at 7,357 and this week’s lows at 7,157

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Sage Group (SGE)
Trading Announcements
ContourGlobal (GLO)
International Economic Announcements
(10:00) Industrial Production s.a. (MoM)(Mar) (EU)
(15:00) Michigan Consumer Sentiment Index (May) (US)
Today’s Financial Diary

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This research is prepared for general information only and should not be construed as any form of investment advice.