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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.