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.

16th Dec 2021. 7.41am

Regency View:

Morning Report – Thursday 16th December

FTSE to open at 7,264 (+93 pts)

The Fed delivered a decisively hawkish statement yesterday – penciling in three rate rises next year and doubling the pace of its tapering.

Counter-intuitively, US stocks rallied on the back of the central bank’s plans, as traders welcomed the clarity of the statement.

Chinese stocks were flat despite the gains on Wall Street due to worries that Washington might blacklist more Chinese companies.

Today, it is Europe’s turn to outline it’s monetary policy plans, with the Bank of England and ECB making rate decisions and policy statements.

S&P 500+1.63%Bullish for UK stocks
Hang Seng+0.19%Neutral for UK stocks
Gold+0.49%Bearish for UK stocks
AUD/JPY+0.21%Bullish for UK stocks
US 10yr Yield+1.36%Bearish for UK stocks
Regency Risk Barometer Snapshot

We finally saw a bullish response at the support zone, with the FTSE fighting back to close near intra-day highs – forming a bullish pin-bar candle.

Overnight, the futures have kicked on higher from the pin-bar candle, setting the cash market up for a strong open.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
UK Economic Announcements
09:30 Markit Manufacturing PMI
12:00 Bank of England Minutes
12:00 Bank of England Interest Rate Decision
12:00 Monetary Policy Summary
International Economic Announcements
09:00 European Markit Manufacturing PMI
12:45 ECB Interest Rate Decision
12:45 ECB Monetary Policy Statement
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.