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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 22-bank consensus sees USD/JPY at 148.9 (range 140–164, a 24-figure spread), EUR/USD at 1.19, and GBP/USD at 1.36. Most bullish on the yen: NMR; most bearish: JPM.

Intelligence Layer

Forecast revisionsHow bank targets move over timePrint surprisesWhat beat or missed, and the reactionConsensus disagreementWhere the banks most disagreePositioning vs consensusWhere banks, CFTC speculators & the market poll divergeTrack 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 · 28 firms
Offline
EUR/USD27f
1.1894
live ——
Market poll1.1816 · FXStreet
USD/JPY22f
148.94
live ——
Market poll156.91 · FXStreet
USD/CHF19f
0.78
live ——
Market poll0.79 · FXStreet
AUD/USD23f
0.7042
live ——
Market poll0.7232 · FXStreet
USD/CAD23f
1.35
live ——
Market poll1.37 · FXStreet
GBP/USD21f
1.3574
live ——
Market poll1.3483 · FXStreet
Signals · Out-of-Consensus Calls & Print Surprises
+2.8σWestpac · WTI Crudevs consensus+2.8σJPM · Gold (XAU/USD)vs consensus+2.5σWestpac · WTI Crudevs consensus-89.6%Economic Sentiment (Jun)surprise · 0 bank reactions-5.3%Deposit Facility Rate (Jun)surprise · 0 bank reactions-3.8%Lending Facility Rate (Jun)surprise · 0 bank reactions

Market Overview

USD Bias Consensus

21
Bearish
1
Neutral
6
Bullish
DXY Range
95.0→96.0Δ1.0
EUR/USD Range
1.1400→1.2400Δ0.1000
Conviction · by DXY band
0
Strong Bear
<93
2
Bearish
93–97
0
Neutral
97–100
0
Bullish
>100
2026 EUR/USD Path
▲ 1.6%
MarJunSepDec
Q1 1.1705Q4 1.1894

EUR/USD Distribution

Per-firm Dec 2026 · 5 banks

Consensus Median
1.1894ANZ · 1.1400RBC Capital Markets · 1.2000Wells Fargo · 1.2000MUFG · 1.2400Nordea · 1.2400
1.14001.2400

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Commodities Outlook

26 bank views

Gold

XAU/USD · 2026 outlook

Loading spot…
Consensus 2026
$3,654
LBMA Consensus
$4,742
vs Live
—
Banks
12
Market poll$4,827 · FXStreet
Stance Distribution
● 2 v-bull● 9 bull● 1 neut
Bear → Bull$2,500→$4,000

Oil

WTI · 2026 outlook

Loading spot…
Consensus 2026
$71.93
EIA Forecast
$87.95
vs Live
—
Banks
14
Market poll$94.11 · FXStreet
Stance Distribution
● 3 bull● 5 neut● 5 bear● 1 v-bear
Bear → Bull$45.00→$119.48

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Research Reports

5 of 28
LIVE
Most Bullish · EUR/USD
🔒 Unlock firm
1.2500
Most Bearish · EUR/USD
🔒 Unlock firm
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.
MUFG
MUFG
bearish
95.0
-0.4%
1.2400
+4.3%
146.0
-2.0%
—
ANZ
ANZ
bullish—
1.1400
-4.2%
——
RBC
RBC Capital Markets
bearish
96.0
+0.6%
1.2000
+0.9%
147.0
-1.3%
—
Nordea
Nordea
bearish—
1.2400
+4.3%
——
WFC
Wells Fargo
bearish—
1.2000
+0.9%
——
Consensus
28 firms · mean
—95.41.1894148.9—

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

+23 more banks behind Retail
Every firm's USD bias + DXY / EUR-USD / USD-JPY targets · all 28 desks
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CFTC Positioning

Jun 9
Full data →

Largest Net Longs

Crowded long
  • WTI
    CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
    net long 123,207-1,052 wk
    +123,207
  • GOLD
    GOLD - COMMODITY EXCHANGE INC.
    net long 103,660-7,681 wk
    +103,660
  • MXN
    MEXICAN PESO
    net long 50,978-5,087 wk
    +50,978

Largest Net Shorts

Crowded short
  • JPY
    JAPANESE YEN
    net short 99,844-11,781 wk
    99,844
  • CAD
    CANADIAN DOLLAR
    net short 58,623-14,022 wk
    58,623
  • NZD
    NZ DOLLAR
    net short 22,254+5,471 wk
    22,254

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