Market movers ahead
For the upcoming FOMC meeting markets will be focusing on the statement and the updated economic projections, as, in our view, last week's weak job report effectively took an early summer rate hike off the table.
We expect US retail sales for May to grow, following a strong April report.
In Japan, all eyes will be on the BoJ monetary policy announcement on 16 June.
China is set to publish industrial production, fixed asset investment and retail sales next week.
In Sweden, the market is likely to focus on inflation data released on Tuesday.
Global macro and market themes
There are substantial digital risks in GBP crosses, EUR/SEK and UK/European equities heading into the UK's EU referendum.
We expect EUR/USD to fall near term in the case of either a Brexit or a Bremain.
We expect the downward pressure on EUR/DKK to remain with or without Brexit.
Selectively, we expect DKK fixed income assets to perform in the case of wither a Brexit or a Bremain.
To read the entire report Please click on the pdf File Below.