German Retail Sales drop by 0.4% YoY in April, surprise negatively

  • German Retail Sales arrived at -0.4% YoY in April vs. 4.0% expected.
  • Retail Sales in Germany stood at -5.4% MoM in April vs. 0% expected.

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Crude Oil Futures: Door open to further downside

Considering preliminary readings from CME Group for crude oil futures markets, traders increased their open interest positions for the fourth consecut
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AUD/USD: Further downside could test 0.7230 – UOB

The continuation of the upside bias could lift AUD/USD to the 0.7230 region in the next weeks, suggested FX Strategists at UOB Group Quek Ser Leang an
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