A report posted on Accuweather.com says that the hurricane will not make landfall along Cape Cod, instead passing by to the east.
However, adds the report, the storm may bring large amounts of wind and rain to the area this weekend, and possibly into early next week.
Gusts of wind between 30 and 60 mph are expected to be experiences in the region.
Forecasts suggest that rainfall may reach as much as two inches in some areas of New England.
Given that the Obamas are scheduled to arrive at Martha's Vineyard soon the White House is closely tracking the hurricane.
"We are obviously watching that. Certainly it's our hope that the storm will avoid reaching the United States and turn back out into the Atlantic," the Politico quoted White House press secretary Robert Gibbs as saying during his daily briefing.