08:00 AM BST, Switzerland - GDP data:
- GDP (Q1): actual 0.5% QoQ; forecast 0.4% QoQ; previous 0.3% QoQ;
- GDP (Q1): actual 2.0% YoY; forecast 1.5% YoY; previous 1.6% YoY;
The Swiss frank has further appreciated against US dollar, following the release of better-than-expected GDP data. However, the growth was fueled by the strong increase in exports to the US prior to tariffs going into effect.
Since Friday, CHF is supported by the flows towards heaven assets. Source: xStation5
Daily summary: Silver plunges 9% ๐จIndices, crypto and precious metals under pressure
US100 loses 1.5% ๐
๐จGold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 ๐