GDP Growth

Australia’s housing downturn and restrictive interest rates are creating a difficult backdrop for the Australian dollar. While higher yields can support AUD, weaker growth signals and less hawkish RBA guidance are limiting bullish conviction.

Bitcoin remains in a bullish market structure despite a pullback after reaching the $85,000 target area. Traders are watching the $80,000 to $82,000 demand zone, US inflation data, and spot ETF inflows for confirmation of the next leg toward $90,000.

USD/JPY has stabilized around the 157.50 to 157.80 area after a sharp retreat from the 163.00 zone, with oversold technical signals helping the pair find a near-term floor. Traders are weighing the impact of major intervention, uncertain Bank of Japan tightening prospects, and reduced expectations for two Federal Reserve hikes before year-end.

Bitcoin tumbled under $111K while Ethereum and altcoins saw sharp declines as U.S. GDP growth was revised higher, dampening Fed rate cut odds and sending crypto stocks tumbling.