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UK100 trade ideas

Chancellor Reeves Unveils £40 Billion BudgetChancellor Rachel Reeves outlines a transformative budget aimed at addressing the UK's £40 billion fiscal gap through strategic tax increases while committing to public service growth. Here are the key highlights: (Source: The Guardian, FT) Main Tax Changes Overall Tax Increases: The budget introduces £40 billion in tax hikes, primarily targeting higher earners and corporations to fund public services and infrastructure. Income Tax and National Insurance (NI) Thresholds: The thresholds for income tax and NI will be frozen for an additional five years, which is expected to push more individuals into higher tax brackets as their earnings increase. Capital Gains Tax (CGT): Starting April 6, 2024, the annual exemption for CGT will decrease from £6,000 to £3,000. Additionally, the capital gains tax rates will be adjusted, with the lower rate increasing to 18% and the higher rate rising to 24%. National Insurance Contributions: Employer NI contributions may rise from 13.8% to 15.8%, alongside a reduction in the threshold at which they apply, dropping from £9,100 to £5,000. These changes could potentially generate an additional £20 billion in revenue. Inheritance Tax: The current structure remains, but potential alterations to exemptions affecting businesses and agriculture are under consideration. Non-Dom Tax Status: The government is contemplating the complete abolition of the non-dom status, which allows certain UK residents to avoid UK taxes on foreign income. 'Sin' Taxes: There are proposals to increase taxes on the gambling industry by up to £3 billion, aimed at addressing addiction issues. Spending Measures Public Spending Growth: Spending on public services is set to increase by 1.5% in real terms, reflecting a commitment to enhance essential services despite fiscal constraints. NHS Funding: A significant portion of the budget includes a £22.6 billion increase for the NHS to improve healthcare services. Investment in Local Services: An allocation of £240 million will be directed toward local services to address community needs and infrastructure improvements. New Minimum Wage Rates National Living Wage (NLW): The NLW will increase to £12.21 per hour, reflecting a 6.7% rise. This adjustment is expected to benefit over 3 million low-income workers, providing an annual increase of approximately £1,400 for full-time employees. Market reaction after Budget The yield of the 3-M Glit slightly increased after the Budget but did not rise as sharply as following the Liz Truss mini-budget. The market appears less panicked this time, likely because it had more time to digest the situation after PM Starmer's repeated comments about a painful budget, which helped ease sentiment. This will not compel the Bank of England to rush into rate cuts or quantitative easing. The weekly chart indicates that the FTSE 100 may experience a false breakout, as suggested by the wedge formed by the red line. The index has recently rejected resistance at the green line. If the FTSE falls below the short-term support line (blue), it will likely test 7052, which represents a 38.2% retracement from the low in March 2020 to the high in May 2024. Conclusion The Budget is expected to raise business operational costs, particularly labour costs, due to tax increases affecting corporations and National Insurance contributions. It remains to be seen whether more millionaires will leave the UK. Additionally, the capital gains tax is likely to reduce landlords' interest in purchasing rental properties, which may impact the property market by decreasing demand for new homes and increasing rents.
TVC:UKXShort
by bruceyam
UK100 PREPARTION AND TIME TO KILLTeam, yesterday's market was very volatile, but we managed to make some profit and set our stop loss at BE. Today, we will have our entry at the current market price at 8155-62 We will add more at 8130-35 - WHY? We could see (markets marker) trying to spike down to hit stop loss and then moving back quickly, so we want to catch that. So our stop loss will be at 8115 Our Target 1 - 8186-88 Target 2 at 8206-12 Target 3 at 8232-46 We are expecting this week or next week; the price should be back toward the 8260-8320 ranges. NOTE: Once the price hits our first target of 8186-88, bring the stop loss to 8145 or BE. We will be booking 50% profit at this level.
PEPPERSTONE:UK100Long
by ActiveTraderRoom
1
UK100 - lets KILL THE BEAST againTeam, yesterday's market was very volatile, but we managed to make some profit and set our stop loss at BE. Today, we will have our entry at the current market price at 8155-62 We will add more at 8130-35 - WHY? We could see (markets marker) trying to spike down to hit stop loss and then moving back quickly, so we want to catch that. So our stop loss will be at 8115 Our Target 1 - 8186-88 Target 2 at 8206-12 Target 3 at 8232-46 We are expecting this week or next week; the price should be back toward the 8260-8320 ranges. NOTE: Once the price hits our first target of 8186-88, bring the stop loss to 8145 or BE. We will be booking 50% profit at this level.
PEPPERSTONE:UK100
by ActiveTraderRoom
LONG UK FTSEFTSE is in range bound and will continue even after the budget on Wed 30th. I wanna be a buyer when price is at the bottom of the range. Two possible entries long: 8,188 (aggressive) and 8,125 (conservative). Condition for the entry is that the price should reach the said levels and then a close aggressively above. Note that price is also in oversold on Daily and 4h, wich add confluence to this idea. I will update the idea, so if you follow this idea you see if and when I enter.
FX:UK100Long
by zito82
FTSE Bullish break-out taking place. Target 8650.Almost 2 months ago (August 30, see chart below) we called for a rejection of FTSE 100 (UK100) back to the Symmetrical Support Zone (SSZ), where our next buy entry would be: As you can see, the price action duly delivered and the price has been gradually rising off the SSZ to the point where last week it broke above the Lower Highs trend-line. The 1W RSI is also about to make a bullish break-out above its own Channel Down. We have seen this kind of pattern during the previous two Bullish Legs since late 2022. Every time they broke above the Resistance Zone, the price peaked around the 1.382 Fibonacci extension. As a resut, our new long-term Target is 8650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
The Best Way To Trade A Ranging Index (FTSE100)Many Indices will range from time to time, often as the direction for that particular economic zone becomes less clear. That is typical for the FTSE, and at the moment worries around the highly anticipated UK budget are keeping it stalled. This range has been repeated for a long period of time and gives you a gauge of the acceptable value of the Index right now amongst the vast amount of traders/investors alike. It must be understood that an eventual break is likely, either up on risk on, or down on risk off (either globally, or specific to the FTSE and it's investor confidence levels). For me, I like to look short nearer highs, long nearer lows. The longer this goes on, the lower the risk level must be as an inevitable break will come. This is better as oppose to trying to 'guess' where investment will go in, or out of the FTSE. This strategy similarly can be applied to any other index when it stalls or indeed when it is in clear up/downtrend.
CAPITALCOM:UK100
by WillSebastian
FTSE 100 H4 | Potential bullish breakoutThe FTSE 100 (UK100) is trading within a symmetrical triangle chart pattern and could potentially break above it to rise higher. Buy entry is at 8,266.17 which is a potential breakout level. Stop loss is at 8,210.00 which is a level that lies underneath a multi-swing-low support. Take profit is at 8,331.28 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:UK100Long
by FXCM