• August 31, 2023
  • Market News
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US Dollar Crumbles; Unstoppable Nasdaq 100 Hits Key Level, Defying Gravity

The U.S. dollar slides as soft economic data weigh on Treasury yields. Meanwhile, the Nasdaq 100 extends gains and advances for the fourth consecutive day to challenge an important technical resistance.

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GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Aug 17, 2023 when GBP/USD traded near 1.27.

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EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Aug 10, 2023 when EUR/USD traded near 1.10.

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