Archive for August 28th, 2017

Foreign Exchange Insights and Next Week

Economic Convergence and Forecasting Forex

August 28, 2017

Members of the Group of Seven, a collection of industrial economies ┬áhave experienced similar rates of economic growth during the past year. Between 2Q16 and 2Q17, real GDP advanced 2.1% in the United States, 2.0% in Japan, 2.1% in Germany, 1.8% in France, 1.7% in Great Britain, 1.5% in Italy, and 2.3% in Canada. Euroland’s […] More

New Overnight Developments Abroad - Daily Update

Catastrophic Texas Weather Depresses WTI Oil Price

August 28, 2017

The Texas coast is experiencing record flooding. West Texas Intermediate crude oil dropped 0.8% to $47.49 per barrel. The Dallas Fed manufacturing index will be reported later today but is a dated report already in light of Hurricane Harvey’s damage. The U.S. advance trade deficit estimate also arrives today. The speeches by Draghi and Yellen […] More