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.

11th Aug 2021. 7.40am

Regency View:

Morning Report – Wednesday 11th August

FTSE to open at 7,172 (+11 pts)

The S&P 500 closed almost flat yesterday as the market formed a small ‘spinning top’ or ‘doji’ candle – signalling indecision as the Senate debate over Joe Biden’s $3.5 trillion spending plans entered a second day.

US bond yields rose for their fifth consecutive session with traders continuing to price-in tightening US monetary policy following last weeks strong employment data.

Overnight, it’s been a quiet Asian session with stocks, commodities and currencies treading water.

S&P 500+0.10%Neutral for UK stocks
Hang Seng+0.12%Neutral for UK stocks
Gold+0.21%Neutral for UK stocks
AUD/JPY+0.04%Neutral for UK stocks
US 10yr Yield+2.25%Bullish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

The FTSE finally pushed up into the long-term resistance zone we’ve be highlighting for several weeks.

However, you need more than a resistance zone to call the market short, and given yesterday’s strong close, we’re seeing no evidence of resistance taking hold just yet.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Yourgene (YGEN)
Interim Results
4Imprint (FOUR)
Admiral (ADM)
CLS Holdings (CLI)
Hill & Smith (HILS)
Hostelworld (HSW)
Quilter (QLT)
RPS Group (RPS)
Spirax-Sarco (SPX)
Q2 Results
Vaalco Energy (EGY)
Trading Announcements
Gem Diamonds Di (GEMD)
International Economic Announcements
(07:00) Consumer Price Index (GER)
(12:00) MBA Mortgage Applications (US)
(13:30) Consumer Price Index (US)
(15:30) Crude Oil Inventories (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

Disclaimer:

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