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.

23rd May 2022. 7.44am

Regency View:

Morning Report – Monday 23rd May

FTSE to open at 7,459 (+69 pts)

US stocks clawed back losses on Friday to close flat on the session and hold just above support.

Overnight in Asia, stocks have had a mixed session with Japan’s Nikkei 225 pushing +0.98% higher and Hong Kong’s Hang Seng drifting -1.22% lower.

Looking ahead this week, the US, France and Germany all report first-quarter gross domestic product estimates. While on Wednesday, the Federal Open Market Committee will publish minutes from its May meeting.

On the corporate earnings front, Twitter will hold its AGM this week and Marks & Spencer will release full-year results on Wednesday.

S&P 500+0.01%Neutral for UK stocks
Hang Seng-1.22%Bearish for UK stocks
Gold+0.35%Bearish for UK stocks
AUD/JPY+0.81%Bullish for UK stocks
US 10yr Yield-65ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Friday’s price action saw the FTSE end a volatile week on a positive note, closing near Thursday’s highs.

As the market continues to whipsaw we are starting to see a series of lower swing highs and higher swing lows emerge – indicating that a new wedge pattern is forming. We’ll be watching closely over the coming sessions to see if this wedge continues to take shape.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
UK Economic Announcements
(16:15) BoE’s Governor Bailey speech
International Economic Announcements
(08:00) IFO – Business Climate(May)
(08:00) IFO – Current Assessment(May)
(08:00) IFO – Expectations(May)
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.