Market Forecasts

Follow our market forecast for forex and gold and find expert predictions, analysis and currency forecast tools to help you trade more consistently. ​Follow our weekly forecast for forex and gold and find expert predictions, analysis and currency forecast tools to help you trade more consistently.

WTI declines toward $81.00 as hawkish central banks and economic worries compete with OPEC+ rhetoric

WTI pares its first weekly rise in five weeks as traders await additional information. Fears of a Russian supply shortage and rumors of an OPEC+ output cut benefit buyers. Concerns of economic downturn and aggressive rate hikes impede the uptrend. Risk catalysts are crucial, but China PMIs and US inflation may also attract oil traders' attention.

Read Detailed Analysis

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  Forecast for Gold Price: XAU/USD surpasses $1,650 on falling wedge breakthrough; US PCE inflation observed

  Daniel Rogers Sep 30, 2022 10:46
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  After a corrective move, the gold price should find support around $1,650, and talk of the US gross domestic product (GDP) is making the market excited

  Alina Haynes Sep 29, 2022 11:56
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  Price of WTI weakens inside a falling wedge, breaking below prior support near $82.00

  Alina Haynes Sep 29, 2022 11:54
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  Gold Price Prediction: XAU/USD aims for $1,620.00 as yields surge and the Fed raises rates. Powell's address targeted

  Alina Haynes Sep 28, 2022 14:47