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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 21-bank consensus sees USD/JPY at 148.4 (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 · 26 firms
Offline
EUR/USD26f
1.1912
live ——
Market poll1.1816 · FXStreet
USD/JPY21f
148.38
live ——
Market poll156.91 · FXStreet
USD/CHF19f
0.78
live ——
Market poll0.79 · FXStreet
AUD/USD22f
0.7045
live ——
Market poll0.7232 · FXStreet
USD/CAD22f
1.35
live ——
Market poll1.37 · FXStreet
GBP/USD20f
1.3591
live ——
Market poll1.3483 · FXStreet
Signals · Out-of-Consensus Calls & Print Surprises
+2.2σCiti · USD/ZARvs consensus-2.2σBNS · USD/CADvs consensus+2.2σCiti · USD/CNYvs consensus-10.0%Deposit Facility Rate (Jun)surprise · 0 bank reactions-7.4%Lending Facility Rate (Jun)surprise · 0 bank reactions-24.7%Unemployment Rate (May)surprise · 0 bank reactions

Market Overview

USD Bias Consensus

21
Bearish
0
Neutral
5
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
▲ 1.7%
MarJunSepDec
Q1 1.1712Q4 1.1912

EUR/USD Distribution

Per-firm Dec 2026 · 5 banks

Consensus Median
1.1912ANZ · 1.1400RBC Capital Markets · 1.2000Wells Fargo · 1.2000MUFG · 1.2400Nordea · 1.2400
1.14001.2400

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Commodities Outlook

25 bank views

Gold

XAU/USD · 2026 outlook

Loading spot…
Consensus 2026
$3,381
LBMA Consensus
$4,742
vs Live
—
Banks
12
Market poll$4,827 · FXStreet
Stance Distribution
● 4 v-bull● 7 bull● 1 bear
Bear → Bull$2,500→$4,000

Oil

WTI · 2026 outlook

Loading spot…
Consensus 2026
$70.92
EIA Forecast
$87.95
vs Live
—
Banks
13
Market poll$94.11 · FXStreet
Stance Distribution
● 3 bull● 5 neut● 4 bear● 1 v-bear
Bear → Bull$45.00→$119.48

Recently Updated

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Research Reports

5 of 26
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
+4.1%
146.0
-1.6%
—
WFC
Wells Fargo
bearish—
1.2000
+0.7%
——
ANZ
ANZ
bullish—
1.1400
-4.3%
——
Nordea
Nordea
bearish—
1.2400
+4.1%
——
RBC
RBC Capital Markets
bearish
96.0
+0.6%
1.2000
+0.7%
147.0
-0.9%
—
Consensus
26 firms · mean
—95.41.1912148.4—

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

+21 more banks behind Retail
Every firm's USD bias + DXY / EUR-USD / USD-JPY targets · all 26 desks
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CFTC Positioning

Jun 2
Full data →

Largest Net Longs

Crowded long
  • WTI
    CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
    net long 124,259+8,497 wk
    +124,259
  • GOLD
    GOLD - COMMODITY EXCHANGE INC.
    net long 111,341+14,410 wk
    +111,341
  • AUD
    AUSTRALIAN DOLLAR
    net long 58,800-1,434 wk
    +58,800

Largest Net Shorts

Crowded short
  • JPY
    JAPANESE YEN
    net short 88,063-17,555 wk
    88,063
  • CAD
    CANADIAN DOLLAR
    net short 44,601-6,506 wk
    44,601
  • NZD
    NZ DOLLAR
    net short 27,725-14,055 wk
    27,725

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