Kickstart the NA session with a technical look at the EURUSD, USDJPY and GBPUSD: Key levels in play
The USD is mixed as North American traders begin. Key currency pairs are in narrow ranges. Nvidia shares rose 5.88% premarket after beating earnings expectations and raising guidance. U.S. stock futures are mixed, with Nasdaq outperforming. Fed's Schmid and ECB's Radev commented on inflation and rate hikes. Major U.S. economic data releases are due at 8:30 AM ET.
How this was made

The 30-second read
Why it matters
Nvidia's earnings dominate market sentiment, likely driving short‑term buying pressure in tech stocks and influencing futures.
Market read
Nvidia's results are the primary driver of market moves in the pre‑market session, with broader implications for tech and AI sectors.
What to watch
Potential supply‑chain constraints in data‑center hardware could temper longer‑term growth.
Background
The article provides a technical overview of major FX pairs and a brief market wrap, but the only concrete company news is Nvidia's earnings beat.
Ticker impact
Nvidia reported Q2 earnings beating expectations with $96.22B revenue and guided Q3 revenue above consensus, driving a 5.9% pre‑market jump.
NVDA expected to rise 3‑5% intraday on the back of the beat.
Earnings beat and 117% YoY data‑center revenue growth are material catalysts; market reaction already shows a 5.9% pre‑market gain.
Market effects
Tech sector likely to rally as Nvidia's beat reinforces AI demand narrative.
U.S. markets may open higher, especially Nasdaq.
Positive spillover to global tech equities and AI‑related stocks.
Counterpoint
If guidance falls short of market expectations later, the rally could reverse quickly.
Key entities
- CompanyNvidia
AI chipmaker that posted Q2 earnings beat and raised guidance.




