EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

GBP/USD Recovers Modestly, Trades Above 1.2200

Admin by Admin
August 2, 2022
in Forex News
0
GBP USD pair
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The GBP/USD pair has lost its traction and dropped to the 1.2200 area in the early European session on Tuesday. The negative shift witnessed in risk mood is making it difficult for the British pound to find demand but buyers could look to remain active as long as the 1.2160 support holds.

Although the UK’s FTSE 100 Index trades flat, US stock index futures are down between 0.5% and 0.8%. This suggests that Wall Street’s main indexes could start the day deep in negative territory following Monday’s choppy action.

In case safe-haven flows continue to dominate the markets, the dollar could gather strength and weigh on GBP/USD. It’s also worth noting that the benchmark 10-year US Treasury bond yield is down nearly 1% at 2.55%, limiting the greenback’s gains for the time being.

In the absence of high-tier macroeconomic data releases, the risk perception should continue to impact the market action.

Read Also- USD/TRY Flirts with 2022 Highs

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: ForexForex trading
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Kim Kardashian’s Legal Team Move to Dismiss EthereumMax Crypto Lawsuit

Next Post

Canada’s TD Bank to buy U.S. Brokerage Cowen in $1.3 Billion deal

Admin

Admin

Next Post
Canada TD Bank Cowen deal

Canada's TD Bank to buy U.S. Brokerage Cowen in $1.3 Billion deal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
FTX seeks to recover political donations made by Sam Bankman-Fried

FTX Seeks To Recover Political Donations Made By Sam Bankman Fried

February 6, 2023
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

February 6, 2023
Crypto Trading Volume Rises By 25.9% Due To Whale Moves

Crypto Trading Volume Rises By 25.9% Due To Whale Moves

February 6, 2023
Hackers Stole $3.8 Billion From Crypto Firms

Hackers Stole $3.8 Billion From Crypto Firms

February 6, 2023

Recent News

FTX seeks to recover political donations made by Sam Bankman-Fried

FTX Seeks To Recover Political Donations Made By Sam Bankman Fried

February 6, 2023
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

February 6, 2023
Crypto Trading Volume Rises By 25.9% Due To Whale Moves

Crypto Trading Volume Rises By 25.9% Due To Whale Moves

February 6, 2023
Hackers Stole $3.8 Billion From Crypto Firms

Hackers Stole $3.8 Billion From Crypto Firms

February 6, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

FTX seeks to recover political donations made by Sam Bankman-Fried

FTX Seeks To Recover Political Donations Made By Sam Bankman Fried

February 6, 2023
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

February 6, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>