{"id":74641,"date":"2022-10-27T01:36:00","date_gmt":"2022-10-26T21:36:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74641"},"modified":"2022-10-27T03:38:26","modified_gmt":"2022-10-26T23:38:26","slug":"aud-usd-in-narrow-range-ahead-of-key-us-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/aud-usd-in-narrow-range-ahead-of-key-us-data\/10\/27\/market-updates\/","title":{"rendered":"AUD\/USD in narrow range ahead of key US data"},"content":{"rendered":"\n<p>The AUD\/USD pair is trading within a narrow range of 0.6484-0.6500 as investors are awaiting the release of the US Gross Domestic Product (GDP) data for fresh stimulus and clues. The asset is facing a time correction after refreshing its three-week high at 0.6511 amid an improvement in the risk appetite of investors.<br><br>The risk profile remained upbeat on Wednesday despite a halt in a three-day buying spree in the S&amp;P500. Weaker guidance on sales growth by tech-giant Microsoft resulted in a correction in the 500-stock basket, however, the upside bias is still solid amid higher targets. In the opinion of economists at Morgan Stanley, the rally in S&amp;P500 could be extended well into the 4000\/4150 area.<br><br>The US dollar index (DXY) is hovering around 109.70 after a sheer fall as investors ditched the risk-aversion theme ahead of the US Gross Domestic Product (GDP). As per the preliminary estimates, the US economy has expanded at a growth rate of 2.4% in the third quarter of CY2022 against the de-growth of 0.6% recorded earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AUD\/USD pair is trading within a narrow range of 0.6484-0.6500 as investors are awaiting the release of the US Gross Domestic Product (GDP) data for fresh stimulus and clues. The asset is facing a time correction after refreshing its three-week high at 0.6511 amid an improvement in the risk appetite of investors.The risk profile &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,194],"class_list":["post-74641","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-gdp"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74641"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74641\/revisions"}],"predecessor-version":[{"id":74646,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74641\/revisions\/74646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70959"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}