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.

10th Aug 2021. 7.46am

Regency View:

Morning Report – Tuesday 10th August

FTSE to open at 7,133 (-1 pt)

The commodity sell-off has tempered overnight with gold and oil bouncing from six-month lows.

While Asian stocks have had a quietly bullish session with both Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index touching two-week highs.

Our Risk Barometer is in Neutral to Bullish territory as we head into the European open.

S&P 500-0.09%Neutral for UK stocks
Hang Seng+1.13%Bullish for UK stocks
Gold+0.40%Neutral for UK stocks
AUD/JPY+0.12%Neutral for UK stocks
US 10yr Yield+1.83%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE rallied from the confluent support zone that we highlighted in yesterday’s Morning Report.

Given yesterday’s bullish price action, the FTSE is well positioned to retest the long-term resistance zone at 7,167 – 7,219.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Abrdn Plc (ABDN)
Derwent London (DLN)
Flutter Ent (FLTR)
Gamesys Group (GYS)
Georgia Capital (CGEO)
Marshall Motor (MMH)
Telecom Egypt S (TEEG)
Zotefoams (ZTF)
Q2 Results
Telecom Egypt S (TEEG)
UK Economic Announcements
(00:01) Retail Sales
International Economic Announcements
(10:00) ZEW Survey (EU) – Economic Sentiment
(10:00) ZEW Survey (GER) – Current Situation
(10:00) ZEW Survey (GER) – Economic Sentiment
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.