Crude Oil fades another war spike as the ceasefire dies its daily death

Crude Oil fades another war spike as the ceasefire dies its daily death

West Texas Intermediate (WTI) Crude Oil trades at $70.98 on Friday, down 1%, after a European-morning climb to $72.83 met a wall of New York selling that drove the barrel to a $70.70 session low inside two hours. The escalation premium built off the $68.00 base earlier in the week is still intact on paper, […]

Dow Jones treats the ceasefire’s second death as a rerun

Dow Jones treats the ceasefire’s second death as a rerun

The Dow Jones Industrial Average trades at 52,609 on Friday, up 0.26%, two sessions after printing a record 53,333 and one news cycle into the second official death of the US-Iran ceasefire. The index shook off a morning slip to 52,410 and now sits mid-range, on track to surrender just under 1% for the week […]

Euro trades flat despite soft European inflation

Euro trades flat despite soft European inflation

EUR/USD trades in a muted fashion near the 1.1430 area on Friday, as a weaker US Dollar (USD) helps the pair hold onto modest Thursday gains. That was true even after inflation data from Germany and France showed limited price pressure. Germany’s Consumer Price Index (CPI) fell 0.3% MoM in June, while the annual rate […]