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.

17th Mar 2021. 7.44am

Regency View:

Morning Report – Wednesday 17th March

FTSE to open at 6,789 (-14 pts)

Markets are holding their breath ahead of today’s Fed meeting…

While no change in policy is expected, it is the FOMC economic projections and any comments relating to tackling the rise in bond yields that the traders will be most fixated on.

The market appears evenly divided on whether the Fed will signal that the first rate increase could come as early as 2023. Hence we’ll be keeping a close eye on the US 10-year treasury yield as we approach this afternoons announcement.

S&P 500-0.16%Neutral for UK stocks
Hang Seng-0.07%Neutral for UK stocks
Gold+0.20%Neutral for UK stocks
AUD/JPY-0.02%Neutral for UK stocks
US 10yr Yield+0.88%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE continues to coil beneath 6,800 and this isn’t too surprising given the focus on the Fed.

Yesterday’s price action was fully contained within Monday’s range – forming an ‘inside day’ pattern. This pattern signals volatility compression is usually followed by a directional move, so we could be in for a volatile day’s trading…

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Advanced Medical Solutions Group (AMS)
Dignity (DTY)
Empiric (ESP)
Ferrexpo (FXPO)
Hostelworld (HSW)
Kape Tech. (KAPE)
Mpac Group Plc (MPAC)
Science Sprt (SIS)
Tribal Grp. (TRB)
International Economic Announcements
(10:00) Consumer Price Index (EU)
(11:00) MBA Mortgage Applications (US)
(12:30) Building Permits (US)
(12:30) Housing Starts (US)
(12:30) Retail Sales (US)
(18:00) FOMC Economic Projections (US)
(18:00) Fed Rate Decision (US)
(18:00) Fed Monetary Policy Statement (US)
(18:00) Fed Press Conference (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.