Article / Thursday at 12:21 GMT

Mid-session Europe: Gold challenged by Bitcoin surge and stronger USD

Saxo Markets
Denmark
  • USD strength continues on tax reform and 2018 inflation hopes
  • GBP sentiment still weak on lack of progress in Brexit/Irish border
  • IBEX +0.5%, DAX +0.4%, CAC+0.2%, FTSE flat 
  • Gold still challenged by a stronger dollar and intense focus Bitcoin surge
  • Copper sees just a limited bounce after its huge selloff
  • Crude oil is recovering after trading lower yesterday 

  • Saxo Bank’s Outrageous Predictions for 2018 are out today.
 
Bitcoin
 Bitcoin's dizzy ascent continues. Photo: Shutterstock
 
 
By the Global Sales Trading Team
 
  • European equity markets traded higher on Thursday after 2 days of weak performance.
  • Germany October Industrial output -1.4% m/m vs. 0.9% expected.
  • Citigroup CFO said the group may see a $20bln charge if Senate passes the US Tax Bill.
  • GVC in talks to buy Ladbrokes Coral for up to 3.9Bln GBP.
  • Bitcoin’s price soars above $15.000 in anticipation of futures listing by CME next week.
 
 
Please click on the attached PDF for the Saxo Bank Global Sales Team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.
 

Download document

Mid-session Europe: December, 7, 2017.

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