White House: Deal for Gaza ceasefire has been more elusive than US hoped

• More pressure needs to be applied to Hamas to end the conflict
• Anarchy reigns in parts of Gaza
• Major ground operation in Rafah would be a mistake

It’s not looking good here but it’s not hopeless. Wars tend to end quickly and hopefully there is a break through soon. That said, the oil market isn’t minding this, up another $1.73 to $82.71. It would certainly be a sell-the-news reaction on a peace deal but I don’t know if it would be worth more than $3-4.

This article was written by Adam Button at www.forexlive.com.