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.

28th Sep 2022. 7.46am

Regency View:

Morning Report – Wednesday 28th September

FTSE to open at 6,931 (-54 pts)

Stocks on Wall Street posted small losses yesterday as the S&P 500 tested key support at 3,640.

Overnight in Asia, China’s renminbi exchange rate fell to a record low on Wednesday, putting further pressure on the PBC intervene and prop up the country’s currency. And stocks in Hong Kong are trading more than -2.5% lower.

The pound has slipped back below 1.07 against the US dollar overnight, but prices remain more than 300 points above Monday’s lows.

S&P 500-0.21%Bearish for UK stocks
Hang Seng-2.59%Bearish for UK stocks
Gold-0.51%Bullish for UK stocks
AUD/JPY-0.73%Bearish for UK stocks
US 10yr Yield+15ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

Yesterday’s price action saw the FTSE daily rolling futures press down into the June swing lows at 6,967, but close back above them.

This morning’s pre-open price action has already breached yesterday’s lows and taken the FTSE down into the major long-term support level created by the March spike lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Avingtrans (AVG)
Blan Tech Grp (BLTG)
Interim Results
Boohoo (BOO)
Skillcast (SKL)
Everyman Media (EMAN)
Intercede (IGP)
Octopus Renew. (ORIT)
Emis (EMIS)
UK Economic Announcements
(00:01) BRC Shop Price Index
International Economic Announcements
(07:00) GFK Consumer Confidence (GER)
(12:00) MBA Mortgage Applications (US)
(13:30) Gross Domestic Product (US)
(13:30) Wholesales Inventories (US)
(13:30) Balance of Trade (US)
(15:00) Pending Homes Sales (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.