EUR/USD
1.13679
0.008%
Gold
4048.14
-0.697%
Oil
80.006
-1.434%
USD/JPY
163.692
-0.026%
GBP/USD
1.32998
0.091%
GBP/JPY
217.712
0.086%
Real-time News
On July 28th, silver prices fell in Asian trading on Tuesday after rising nearly 0.5% in the previous session, trading around $57.40 per ounce. As expectations of de-escalation pushed oil prices lower, easing market concerns about rising inflation and further interest rate hikes, silver, a non-interest-bearing asset, may regain support. Washington suspended its strikes over the weekend, while the Iranian Foreign Ministry countered that no direct negotiations had taken place with the US, and the only dialogue was with Oman regarding the future of the Strait of Hormuz. Traders are turning their attention to the Federal Reserves policy decision this week, with the market widely expecting officials to keep interest rates unchanged. Although persistent inflationary pressures have led a few traders to bet on an immediate rate hike, the mainstream consensus remains that any potential rate hike is likely to be postponed until September.July 28 - As Houthi threats disrupt Red Sea trade, empty supertankers are heading to the Egyptian Mediterranean port of Sidi Kerir to load Saudi crude oil, while observable vessel traffic at Saudi Arabias key Red Sea export hub is decreasing. Ship tracking data shows that at least eight Very Large Crude Carriers (VLCCs) have set Sidi Kerir as their destination and are scheduled to arrive in the coming weeks until mid-August. Saudi Aramco has been increasing the amount of oil supplied through the Egyptian port after the Iranian-backed Houthi attack on a vessel in the Red Sea last week. Earlier on Tuesday, no tankers were observed docking at the Saudi Red Sea port of Yanbu, although some vessels may have switched off their transponders to load cargo in an attempt to evade detection.Mercedes-Benz CFO: Full-year automotive operating profit margin is expected to be at the lower end of the 3.5% range.Mercedes-Benz CFO: The ongoing conflict in the Middle East continues to increase uncertainty, but the outlook assumes the conflict will not escalate fully in the second half of the year.Italian oil company Eni announced a final investment decision for its Cronos project in Cyprus. The goal is to bring Cypriot natural gas to market in 2028, with production expected to reach a stable level of 500 million standard cubic feet per day.
