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.

21st Jul 2021. 7.47am

Regency View:

Morning Report – Wednesday 21st July

FTSE to open at 6,894 (+13 pts)

Yesterday’s price action saw the markets take a brief respite from their flight-to-safety sell-off with Wall Street rallying and bond prices falling (yields rising) for the first time in five sessions.

However, overnight in Asia shares have resumed the sell-off with Hong Kong’s Hang Seng index trading back near six-month lows, and the safe haven currencies Japanese yen and U.S. dollar strengthening.

S&P 500+1.52%Bullish for UK stocks
Hang Seng-0.64%Bearish for UK stocks
Gold+0.12%Neutral for UK stocks
AUD/JPY-0.42%Bearish for UK stocks
US 10yr Yield+2.76%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE put in a small bounce from the key support area at 6,800 during yesterday’s session.

It’s also worth noting that yesterday’s trading range was contained within Monday’s range – forming an ‘inside day’ consolidation pattern.

Due to the strength of the recent sell-off and the inside day pattern, we would expect at least another retest of the support area in the coming sessions.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Rtc Grp. (RTC)
Trading Announcements
Royal Mail (RMG)
Antofagasta (ANTO)
Advanced Medical Solutions Group (AMS)
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.