This week, the key events begin early Tuesday in the US with the Reserve Bank of Australia’s policy decision at 12:30 A.M. ET (Aug 12), where the cash rate is expected to decline to 3.60% from 3.85%. This will be accompanied by the RBA’s Monetary Policy Statement, rate statement, and press conference. Australia’s data flow continues later in the week with the Wage Price Index on Tue, Aug 12 at 9:30 P.m. ET, forecast to rise 0.8% q/q, followed by labor market figures on Wed, Aug 13 at 9:30 p.m. ET, with employment change expected at 25.3K (vs 2.0K last month) and the unemployment rate declining to 4.2% from 4.3%.
From the U.K., the key release is GDP m/m on Thu, Aug 14 at 2:00 a.m. ET, forecast to rebound 0.2% in July after a 0.1% decline in June, offering an early read on third-quarter growth momentum.
Also over the weekend , Nvidia and AMD have reached an unprecedented agreement with the Trump administration to give the U.S. government 15% of revenues from certain chip sales in China in exchange for export licences. Under the deal, Nvidia will share 15% of revenue from H20 chip sales, while AMD will provide the same percentage from MI308 chip sales to China. The arrangement, confirmed by a U.S. official, was a condition for licences granted last week, shortly after Nvidia CEO Jensen Huang met with President Trump. The administration has not yet determined how the funds will be used. Export control experts note that no U.S. company has previously agreed to share revenues to secure export approval, marking this as a first-of-its-kind arrangement aligned with the administration’s broader strategy of tying market access to measures that generate U.S. jobs and revenue.
Shares of the two companies are down in premarket trading. Nvidia shares are trained down $1.01 or 0.55% at $181.67. Meanwhile AMD shares are down $2.90 or -1.68% at $169.86.
Dow industrial average is up 126 pointS&P index is up 13.55 pointsNASDAQ index is up 38 pointsin the US debt market yields are down modestly with the longer end lower:
2-year yield 3.760%, +0.2 basis points5-year yield 3.820%, -0.7 basis points10 year yield 4.269%, -1.4 basis points30 year yield 4.831%, -2.3 basis points This article was written by Greg Michalowski at investinglive.com.Hence then, the article about technical analysis what technical levels are driving the eurusd usdjpy gbpusd was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Technical Analysis: What technical levels are driving the EURUSD, USDJPY & GBPUSD )
Also on site :