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UK: Retail sales likely to gain 0.7% in April - TDS

Analysts at TD Securities point out that in the UK session, retail sales are released for April and will be a key economic release for the day.

Key Quotes

“We look for a gain of 0.7% m/m (consensus: -0.3%) as consumer continue to look through any Brexit uncertainty. Visa spending data released earlier in the month suggest further upside risks to our forecast.”

USD/INR technical analysis: Doji on D1 shifts attention to medium-term SMA resistances

Despite ruling party’s landslide victory in India’s general election, the USD/INR pair refrains from declining much due to Doji on daily chart.
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Singapore Industrial Production (MoM) above forecasts (0.1%) in April: Actual (2.4%)

Singapore Industrial Production (MoM) above forecasts (0.1%) in April: Actual (2.4%)
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