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Aggregated institutional FX research. Forecasts, trade ideas, and macro analysis from the world's leading investment banks.

As of Jun 2026, the 19-bank consensus sees USD/JPY at 148.8 (range 140–164, a 24-figure spread), EUR/USD at 1.20, and GBP/USD at 1.36. Most bullish on the yen: MS; most bearish: JPM.

Intelligence Layer

Forecast revisionsHow bank targets move over timePrint surprisesWhat beat or missed, and the reactionConsensus disagreementWhere the banks most disagreeTrack recordHistorical accuracy of the consensus
EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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Offline
Free PDFWeekly Bank Consensus Snapshot — Jun 2026→
2026 Year-End Consensus · 20 firms
Offline
USD/JPY19f
148.79
live ——
USD/CAD19f
1.36
live ——
USD/CHF18f
0.78
live ——
GBP/USD18f
1.3612
live ——
AUD/USD18f
0.7006
live ——
EUR/USD18f
1.1983
live ——

Market Overview

USD Bias Consensus

13
Bearish
6
Neutral
1
Bullish
DXY Range
92.0→104.0Δ12.0
EUR/USD Range
1.1200→1.2500Δ0.1300
Conviction · by DXY band
2
Strong Bear
<93
9
Bearish
93–97
4
Neutral
97–100
1
Bullish
>100
2026 EUR/USD Path
▲ 2.2%
MarJunSepDec
Q1 1.1722Q4 1.1983

EUR/USD Distribution

Per-firm Dec 2026 · 16 banks

Consensus Median
1.1950Citi · 1.1200Société Générale · 1.1400Morgan Stanley · 1.1600Mizuho · 1.1700HSBC · 1.1800ING · 1.2000J.P. Morgan · 1.2000Nomura · 1.2000RBC Capital Markets · 1.2000Standard Chartered · 1.2000Barclays · 1.2100BNP Paribas · 1.2100Bank of America · 1.2200Commerzbank · 1.2200MUFG · 1.2400Goldman Sachs · 1.2500
1.12001.2500

Switch pairs → all 7 majors

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Commodities Outlook

25 bank views

Gold

XAU/USD · 2026 outlook

Loading spot…
Consensus 2026
$3,281
LBMA Consensus
$4,742
vs Live
—
Banks
12
Market poll$4,827 · FXStreet
Stance Distribution
● 4 v-bull● 7 bull● 1 neut
Bear → Bull$2,400→$4,000

Oil

WTI · 2026 outlook

Loading spot…
Consensus 2026
$66.08
EIA Forecast
$85.35
vs Live
—
Banks
13
Market poll$94.11 · FXStreet
Stance Distribution
● 2 bull● 6 neut● 4 bear● 1 v-bear
Bear → Bull$45.00→$119.48

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This Week

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    AU·in 3d·12:30 AM
    High
  • Tue
    9
    NAB Business Confidence (May)
    AU·in 3d·1:30 AM
    High
  • Tue
    9
    Exports YoY (May)
    CN·in 3d·3:00 AM
    High
  • Tue
    9
    Balance of Trade (May)
    CN·in 3d·3:00 AM
    High
  • Tue
    9
    Imports YoY (May)
    CN·in 3d·3:00 AM
    High

Research Reports

20 of 20
LIVE
Most Bullish · EUR/USD
GS
1.2500
Most Bearish · EUR/USD
Citi
1.1200
Spread · EUR/USD
1.1200 → 1.2500
Δ0.1300
Firm-by-firm USD bias and Dec 2026 FX targets (DXY, EUR/USD, USD/JPY) with deviation from consensus and percentage gap to live spot. Sortable columns; click a row to open the firm report.
ING
ING
neutral
96.0
+0.3%
1.2000
+0.4%
152.0
+2.2%
—
GS
Goldman Sachs
bearish
93.0
-2.8%
1.2500
+4.6%
148.0
-0.5%
—
MUFG
MUFG
bearish
95.0
-0.7%
1.2400
+3.8%
146.0
-1.8%
—
CBK
Commerzbank
bearish
92.0
-3.9%
1.2200
+2.1%
142.0
-4.5%
—
DB
Deutsche Bank
neutral————
Citi
Citi
bullish
104.0
+8.7%
1.1200
-6.3%
152.0
+2.2%
—
RBC
RBC Capital Markets
bearish
96.0
+0.3%
1.2000
+0.4%
147.0
-1.1%
—
BARC
Barclays
bearish
95.0
-0.7%
1.2100
+1.3%
149.0
+0.2%
—
BofA
Bank of America
bearish
93.5
-2.3%
1.2200
+2.1%
147.0
-1.1%
—
JPM
J.P. Morgan
bearish
97.7
+2.1%
1.2000
+0.4%
164.0
+10.3%
—
MS
Morgan Stanley
bearish
99.0
+3.4%
1.1600
-2.9%
140.0
-5.8%
—
BNP
BNP Paribas
bearish
94.0
-1.8%
1.2100
+1.3%
148.0
-0.5%
—
HSBC
HSBC
bearish
93.5
-2.3%
1.1800
-1.3%
145.0
-2.5%
—
NMR
Nomura
bearish
92.0
-3.9%
1.2000
+0.4%
140.0
-5.8%
—
Mizuho
Mizuho
neutral
97.5
+1.9%
1.1700
-2.1%
157.0
+5.6%
—
StanChart
Standard Chartered
bearish
96.0
+0.3%
1.2000
+0.4%
152.0
+2.2%
—
UBS
UBS
neutral————
SG
Société Générale
bearish
97.0
+1.4%
1.1400
-4.6%
150.0
+0.9%
—
Rabo
Rabobank
neutral————
BNS
Scotiabank
neutral————
Consensus
20 firms · mean
—95.71.1950148.7—

Click a row to open the firm report. Click any header to sort. Secondary % on each target = deviation from consensus.

CFTC Positioning

May 26
Full data →

Largest Net Longs

Crowded long
  • GOLD
    GOLD - COMMODITY EXCHANGE INC.
    net long 96,931+2,543 wk
    +96,931
  • AUD
    AUSTRALIAN DOLLAR
    net long 60,234-944 wk
    +60,234
  • GBP
    BRITISH POUND
    net long 28,829-2,540 wk
    +28,829

Largest Net Shorts

Crowded short
  • JPY
    JAPANESE YEN
    net short 70,508-5,563 wk
    70,508
  • CAD
    CANADIAN DOLLAR
    net short 38,095+559 wk
    38,095
  • DXY
    USD INDEX - ICE FUTURES U.S.
    net short 12,530-814 wk
    12,530

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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.