Loading…
FX BANK FORECAST · COVERAGE
Institutional FX coverage in your inbox
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
Daily market-intelligence board
2 signals todayMonday, September 7, 2026
Goldman Sachs has updated its forecast on JPY with a mixed direction. While there were no notable data surprises today, several macro themes highlight resilience in Nordic economies and pressures on the dollar amidst shifts in monetary policy.
Top call
USD/HUF
Desk 1 +10.7% vs spot
View →Surprises
10
0 beats / 10 misses
View →Narratives
6
lead: 5 desks
View →Regime
7.0%
vol mid:usd neutral
View →Top split
USD/HUF
8.7% dispersion
View →Where desks stand
No major revisions in the last 24h — here is each desk's most recent expected move vs spot.
Macro prints
Where scheduled releases beat or missed consensus — and how many desks reacted.
Producer Price Index MoM (Jun)
MX · MXN · low impact
Producer Price Index YoY (Jun)
MX · MXN · low impact
CPI YoY (Jun)
MX · MXN · medium impact
Inflation Rate YoY (Jun)
MX · MXN · medium impact
CPI MoM (Jun)
MX · MXN · medium impact
Inflation Rate MoM (Jun)
MX · MXN · medium impact
Core CPI MoM (Jun)
MX · MXN · low impact
Core Inflation Rate MoM (Jun)
MX · MXN · low impact
Conviction map
Cross-firm forecast dispersion by pair — the higher the bar, the wider the split.
Cross-desk narratives
The shared theses moving across the street, ranked by how many desks back them.
Nordic economies are demonstrating resilience despite facing global disruptions, supported by strong public finances and fiscal strength. Additionally, domestic demand recovery and gradual growth are being observed in countries like Sweden and Norway.
Nordea
The dollar faces ongoing debasement pressures due to a combination of factors, including rate differentials and global monetary trends. The market is responding to the potential for a more pronounced weakening of the dollar amidst shifting monetary policies.
ING · Nordea
A divergence in monetary policies among major central banks is influencing currency trajectories, with the Fed maintaining a hawkish stance while others adapt to local economic conditions. This dynamic is causing fluctuations in exchange rates across different currencies.
Bank of America · ING · J.P. Morgan · MUFG · Nordea
There is a growing trend towards pro-cyclical carry trades driven by a stable economic recovery, which is favoring higher-yielding currencies. This trend reflects investor sentiment and market dynamics as economies look to rebound.
J.P. Morgan · Nordea
The Eurozone is navigating a complex growth landscape, influenced by fiscal policies and external challenges. Despite these hurdles, investment is projected to bolster GDP growth across member states.
Nordea
China's economic landscape is marked by a K-shaped recovery with stark contrasts between external and internal demand, complicating the reflation narrative. Structural adjustments are needed to balance growth amidst external pressures.
ING
Market state
Volatility level and dollar trend define the regime — and which desks win in it.
Realized vol
USD · 90-day trend
▼ -1.1%
Dollar weakening
Regime
vol mid:usd neutral
Most accurate desks in this regime
% = directional accuracy in this regime · pt = edge vs the desk's own average.
Smart-money check
Where the bank consensus and CFTC spec positioning agree — and where they split.
| Pair | Banks | CFTC | Signal |
|---|---|---|---|
| EUR/USD | ▼ Bear | ▼ Bear | divergent |
| GBP/USD | ▼ Bear | ▲ Bull | divergent |
| USD/JPY | ▲ Bull | ▼ Bear | divergent |
| USD/CHF | ▲ Bull | ▼ Bear | divergent |
| USD/CAD | ▲ Bull | ▼ Bear | divergent |
| AUD/USD | ▲ Bull | ▲ Bull | divergent |
| NZD/USD | ▼ Bear | ▼ Bear | divergent |
| USD/MXN | ▼ Bear | ▲ Bull | divergent |