Uploaded August 2026 | Updated September 2026, 2 weeks ago
The U.S. dollar index has dropped more than 3% off its yearly high, breaking below its 200 day moving average and the August monthly opening range.
Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar index on the weekly, daily and four hour charts.
Core PCE, the Federal Reserve's preferred inflation gauge, is expected to tick higher on the month while the annual rate holds steady, and markets are still pricing a majority chance of a hold at the September meeting. Commentary from the Jackson Hole symposium closes the week and carries the same rate path risk as the data. Boutros also covers the weekly opening range and what would nullify the monthly range break.
Discover Actionable Insights with the latest Market Outlook Reports: intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share
00:00 - Dollar Slides Into PCE Day
01:05 - Monthly Range Break Confirms
01:50 - Four Hour Pitchfork Cracks
03:02 - Core PCE and Jackson Hole Risk
03:28 - Bulls Need a Range Reclaim
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#Forex #StoneX #MichaelBoutros #JacksonHole
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
The U.S. dollar index has dropped more than 3% off its yearly high, breaking below its 200 day moving average and the August monthly opening range.
Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar index on the weekly, daily and four hour charts.
Core PCE, the Federal Reserve's preferred inflation gauge, is expected to tick higher on the month while the annual rate holds steady, and markets are still pricing a majority chance of a hold at the September meeting. Commentary from the Jackson Hole symposium closes the week and carries the same rate path risk as the data. Boutros also covers the weekly opening range and what would nullify the monthly range break.
Discover Actionable Insights with the latest Market Outlook Reports: intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share
00:00 - Dollar Slides Into PCE Day
01:05 - Monthly Range Break Confirms
01:50 - Four Hour Pitchfork Cracks
03:02 - Core PCE and Jackson Hole Risk
03:28 - Bulls Need a Range Reclaim
Like and subscribe for more financial market insights.
#Forex #StoneX #MichaelBoutros #JacksonHole
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
