19th Apr 2022. 7.47am
Regency View:
Morning Report – Tuesday 19th April
FTSE to open at 7,614 (-2 pts)
Yesterday’s low-volatility session in the US saw stocks and bonds tread water while gold touched its highest level in more than a month.
Overnight in Asia, the Hang Seng has dropped more than -2% as traders weigh up Friday’s smaller-than-expected rate cut from the Peoples Bank of China (PBoC).
Looking ahead, we have a busy week of corporate earnings in the US as well as speeches from central bankers.
| S&P 500 | -0.02% | Neutral for UK stocks |
| Hang Seng | -2.41% | Bearish for UK stocks |
| Gold | -0.15% | Neutral for UK stocks |
| AUD/JPY | +1.36% | Bullish for UK stocks |
| US 10yr Yield | +27pts | Bearish for UK stocks |
The FTSE is set to start the week’s trading at the half-way point between key resistance 7,688 and short-term support at 7,535.
For day traders, this is very much in coin toss territory and we’ll be looking for more decisive signals from today’s price action.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Jtc Plc (JTC) |
| Trading Announcements |
| IntegraFin Holdings (IHP) |
| Kainos Group (KNOS) |
| International Economic Announcements |
| (13:30) Housing Starts (US) |
| (13:30) Building Permits (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.