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.

22nd Apr 2021. 7.46am

Regency View:

Morning Report – Thursday 22nd April

FTSE to open at 6,933 (+38 pts)

The S&P bounced back after two straight day’s of declines…

Interestingly, yesterday’s rally totally erased Tuesday’s losses and this is a very bullish sign. Asian stocks have followed suit, but they remain well below Monday’s highs.

The market will be focused on today’s ECB rate decision and policy statement. There are rumours that more hawkish members of the ECB governing council are trying to push for scaling back its huge bond-buying programme, despite rising Covid-19 infections and continued lockdowns in many European countries.

Should the ECB strike a more hawkish tone, the market will almost certainly respond negatively.

S&P 500+0.93%Bullish for UK stocks
Hang Seng+0.45%Bullish for UK stocks
Gold-0.15%Neutral for UK stocks
AUD/JPY-0.07%Neutral for UK stocks
US 10yr Yield-0.91%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE bounced from the short-term swing support level at 6,852 yesterday. It now looks as though we will retest resistance at 6,961…

Given the strength of Tuesday’s sell-off relative to yesterday’s bounce, we’d expect selling pressure to kick back in at resistance.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Avacta (AVCT)
Deltex Medical (DEMG)
Jadestone Energy (JSE)
Q1 Results
Novolip Regs (NLMK)
Trading Announcements
Aj Bell (AJB)
Anglo American (AAL)
Gem Diamonds Di (GEMD)
Rentokil Initial (RTO)
Segro (SGRO)
Taylor Wimpey (TW.)
International Economic Announcements
(09:00) IFO Current Assessment (GER)
(09:00) IFO Business Climate (GER)
(09:00) IFO Expectations (GER)
(10:00) Existing Home Sales (US)
(12:45) ECB Interest Rate (EU)
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (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


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