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20th Jun 2022. 7.48am

Regency View:

Morning Report – Monday 20th June

FTSE to open at 7,017 (+1 pt)

After Friday’s quiet session on Wall Street, we’ve had a quiet Asian session too.

The major moves have been on the crypto currency markets with Bitcoin falling below $20,000 over the weekend for the first time since December 2020. And there is growing concern that contagion from problems at key crypto players could unleash a shakeout if not contained.

Looking ahead this week, the key event will likely be Fed Chair, Jay Powell’s semi-annual appearance in front of the Senate banking, housing and urban affairs committee to give his monetary policy report.

S&P 500+0.22%Bullish for UK stocks
Hang Seng+0.22%Bullish for UK stocks
Gold+0.10%Neutral for UK stocks
AUD/JPY+0.49%Bullish for UK stocks
US 10yr Yield+30ptsBearish for UK stocks
Regency Risk Barometer Snapshot

Friday’s bounce melted away into the cash market’s closing bell and the FTSE will start the week at 3-month lows.

We have a small support level created by the November swing lows at 6,972, but the major support levels come around the March swing lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Trading Announcements
AB Foods (ABF)
International Economic Announcements
(06:00) European Producer Price Index (MoM)(May) (EUR)
(13:00) ECB’s President Lagarde speech (EUR)
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.