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 Mar 2021. 7.49am

Regency View:

Morning Report – Wednesday 10th March

FTSE to open at 6,695 (-35 pts)

It’s been a quiet Asian session with the bond market out of the headlines and the Hang Seng holding above long-term support.

The risk barometer has a bullish to neutral outlook thanks to a solid set of gains in US trading. And whilst the FTSE futures are set for a weak open, this could attract buyers.

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

The FTSE came within touching distance of testing the 6,800 February swing highs before beating a hasty retreat.

With the futures languishing near yesterday’s lows, the market will need to hold above the broken swing resistance area at 6,705 to maintain a bullish outlook.

A break of yesterday’s lows in early trading will likely lead to a move down into the 6,600 area.

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.