The EUR/USD exchange rate will be looking to take another stab above the 1.12 threshold over coming days as its July-August uptrend extends.

Institutional currency strategists update us on how where they see the opportunities and risks in the GBP/USD pair.

Two notable institutional analysts give us their take on the Australian Dollar and why risks could be skewed to the upside.

The strong rebound in the US Dollar / Yen exchange rate on Friday 5th August suggests an increasing risk of a short-term low being formed in the pair.

Today’s ForecastsNow report brings a roundup of the latest strategy viewpoints from some of the world’s leading names in FX.

We have seen a stronger USD today, with DXY up 0.22%, oil is higher, US 10y yields are slightly lower, while European equities are little changed.

A roundup of the most recent notable institutional forecasts concerning the EUR to USD exchange rate made available to our editorial desk.

Today’s institutional forecast and strategy publication considers likely direction in the Euro-Dollar, Australian Dollar-US Dollar and US Dollar-Yen.

The euro exchange rate complex is likely to prove resistant to any ECB-induced downside argues Alvin Tan at Societe Generale.

While the British Pound will likely head lower still, the momentum of the move is expected to slow.

Morgan Stanley have told clients they are bullish on all of the G10 this week, except for the GBP, which raises questions on the possibilities of two sides of a pair both being bullish.

Analysts at Credit Suisse have confirmed to clients that they are confident their forecast for the GBP/USD will be met.

With a good number of analysts becoming wary of chasing the Pound lower at this juncture, dollar outperformance could shift to the euro.

Keep selling into any Euro Dollar Strength argues Lee Hardman, Currency Analyst at Bank of Tokyo Mitsubishi UFJ who writes:

The perpetuation of poor risk sentiment should keep the Japanese Yen bid argues Manuel Oliveri, FX Strategist at Credit Agricole.

The euro is forecast to continue rising against the British pound, particularly if an Italian bank rescue is initiated say Morgan Stanley.

BNP Paribas see the recent decision to cut the outlook on Australian debt by S&P as justification for their call for further Aus dollar weakness.

Goldman Sachs have told clients they are forecasting a second leg of post-Brexit weakness.

GBP is at risk of undershooting its fair-value targets warn Morgan Stanley.  

The Pound should find declines slow or reverse having reached a key support area. But next week the Bank of England should trigger the next break lower.

The British Pound may rally on occasion, but don’t mistake this for a return to an upside trend say Credit Agricole.

Deutsche Bank are convinced speculators should be chasing the AUD lower and set out their justifications for the call.

The decline in the British pound against the US dollar is only going to accelerate argue Kamal Sharma and Myria Kyriacou at Bank of America Merrill Lynch.

Credit Agricole update on their latest New Zealand dollar forecasts confirming they believe the currency is overvalued.

Kangaroo bonds - Aus dollar denominated bonds issued by foreigners outside of Australia - are likely to keep the currency bid above its fundamental foundations says Charles St-Arnaud at Nomura.