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.

20th Oct 2021. 7.46am

Regency View:

Morning Report – Wednesday 20th October

FTSE to open at 7,214 (-4 pts)

The S&P 500 continued its recent bull run yesterday despite US bond yields hitting their highest level since May…

Consumer goods giant Proctor & Gamble maintained its full-year earnings forecast yesterday despite significant inflationary pressures – giving traders confidence that companies are getting to grips with higher inflation.

Asia markets have had a mildly bullish session with the Hang Seng and Nikkei 225 in positive territory as we head into the start of European trading.

S&P 500+0.74%Bullish for UK stocks
Hang Seng+0.56%Bullish for UK stocks
Gold+0.34%Bearish for UK stocks
AUD/JPY+0.37%Bullish for UK stocks
US 10yr Yield+2.21%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE continues to respect resistance at 7,235 – closing just below it yesterday as the market tread water within Monday’s range to form an ‘inside day’ pattern.

Monday’s range now becomes pivotal in determining our directional bias…

A break below Monday’s range would signal a failure at resistance and could trigger a deeper sell-off, whereas a break and hold above Monday’s range should spark a new trend leg higher.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Trading Announcements
Advanced Medical Solutions Group (AMS)
Antofagasta (ANTO)
Segro (SGRO)
UK Economic Announcements
(07:00) Retail Price Index
(07:00) Producer Price Index
(07:00) Consumer Price Index
International Economic Announcements
(07:00) Producer Price Index (GER)
(07:00) GFK Consumer Confidence (GER)
(09:00) Current Account (EU)
(10:00) Consumer Price Index (EU)
(12:00) MBA Mortgage Applications (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.