Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

14th May 2021. 7.05am

Regency View:

Morning Report – Friday 14th May

FTSE to open at 6,988 (+25 pts)

US stocks bounced back yesterday, ending a torrid run of three consecutive losing sessions…

The relief rally in the S&P coincided with a weakening in bond yields as Wednesday’s inflationary fears dissipated.

Our risk barometer indicates a bullish backdrop to Friday’s early European trading.

S&P 500+1.22%Bullish for UK stocks
Hang Seng+0.79%Bullish for UK stocks
Gold+0.03%Neutral for UK stocks
AUD/JPY+0.12%Neutral for UK stocks
US 10yr Yield-2.98%Bullish for UK stocks
Regency Risk Barometer Snapshot

We’ve mentioned several times this week that the April swing lows would be the most significant area of support, and this appears to be the case…

Having touched support earlier in yesterday’s session, the FTSE rallied with gusto to form a bullish hammer candle on the futures chart (below).

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Gulf Marine Services (GMS)
Q1 Results
Electrica Regs (ELSA)
Romgaz S (SNGR)
International Economic Announcements
(13:30) Retail Sales (US)
(13:30) Import and Export Price Indices (US)
(14:15) Industrial Production (US)
(14:15) Capacity Utilisation (US)
(15:00) U. of Michigan Confidence (Prelim) (US)
(15:00) Business Inventories (US)
Today’s Financial Diary

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 Account

Any Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital


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