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.

29th Oct 2021. 7.45am

Regency View:

Morning Report – Friday 29th October

FTSE to open at 7,211 (-38 pts)

Wall Street rallied yesterday as traders chose to look past weak US GDP data and instead focus on a raft of strong corporate earnings.

After the New York closing bell Amazon and Apple released quarterly earnings – both badly missing market expectations and this is likely to mark a volatile end to the week in the US.

While overnight in Asia stocks have weakened in response to the disappointing numbers from the US tech giants.

S&P 500+0.98%Bullish for UK stocks
Hang Seng-0.71%Bearish for UK stocks
Gold-0.19%Neutral for UK stocks
AUD/JPY-0.09%Neutral for UK stocks
US 10yr Yield+2.73%Bearish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

Yesterday’s price action saw the FTSE retrace and retest the broken resistance zone…

Prices rallied from intra-day lows – forming a bullish pin-bar candle. however, the futures have broken below yesterday’s lows overnight and should we end the week below resistance it would of course be a bearish sign.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Grit Real Est. (GR1T)
Scancell Holdings (SCLP)
Time Out (TMO)
Q3 Results
Natwest Grp (NWG)
Omv Petrom S (PETB)
Trading Announcements
Evraz (EVR)
UK Economic Announcements
(09:30) M4 Money Supply
(09:30) Consumer Credit
(09:30) Mortgage Approvals
International Economic Announcements
(07:00) Import Price Index (GER)
(09:00) GDP (Preliminary) (GER)
(10:00) GDP (Preliminary) (EU)
(13:30) Personal Income (US)
(13:30) Personal Consumption Expenditures (US)
(13:30) Personal Spending (US)
(13:30) Employment Cost Index (US)
(14:45) Chicago PMI (US)
(15:00) U. of Michigan Confidence (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

Disclaimer:

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