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.

15th Jul 2021. 7.46am

Regency View:

Morning Report – Thursday 15th July

FTSE to open at 7,074 (-17 pts)

Yesterday’s testimony from Fed Chair Jerome Powell kept to his unwavering stance that the current levels of high inflation would be transitory…

Mr Powell reiterated the central bank’s commitment to maintaining its stimulus until there was more certainty around the strength of the economic recovery. The yield on U.S. 10yr treasuries dropped back on the comments while the reaction on the S&P 500 was relatively muted.

This morning’s UK unemployment data came in slightly higher than exceptions, with the 3-month unemployment rate at 4.8% versus 4.7% expected.

S&P 500-1.13%Bearish for UK stocks
Hang Seng-1.10%Bearish for UK stocks
Gold+0.54%Bearish for UK stocks
AUD/JPY-0.18%Neutral for UK stocks
US 10yr Yield+73ptsBearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE move lower from Tuesday’s small-range candle. We would expect to see a retest of the support area created by the ascending trendline (gold dotted line) and the cluster of swing lows just above 7,000.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Thungela Res (TGA)
Mti Wireless (MWE)
UK Economic Announcements
(00:01) RICS Housing Market Survey
International Economic Announcements
(07:00) Wholesale Price Index (GER)
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.