Important upcoming events and publications for May 24 (GMT):
08:30 U.K. Retail sales (rescheduled from May 23). Risks for GBP: High. Sales are expected to decline by 0.4% m/m and slowing to 4.5% y/y after jumping by 1.1% m/m and 6.7% y/y a month earlier. The values above the forecast are favourable for the Pound.
12:30 U.S. Durable goods orders. Risks for USD: Moderate. In April, it is expected to fall by 2.0% after an increase of 2.7% a month earlier. Growth above the forecast is favourable for the dollar.
17:00 U.S. Rig Count. Risks for Brent, WTI: Moderate. Since February, the number of drilling rigs has been in decline, despite the rise of Crude oil prices. The decline is favourable for Crude Oil.
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