Uploaded August 2026 | Updated September 2026, 2 weeks ago
The U.S. dollar rally is running on sticky inflation rather than Federal Reserve rate expectations, which have fallen for September.
Matt Simpson, Market Analyst at StoneX Media, breaks down why the dollar is holding gains, what futures positioning has just done, and where the technical structure points.
Falling odds of a September Federal Reserve rate hike have not stopped the dollar index from climbing, and the futures market has just seen its heaviest net long covering in nearly two years. Seasonality through August and September carries no strong directional edge, while the monthly chart has printed successive lower highs. Volume behind the current advance is falling rather than rising, the pattern that separates a corrective bounce from a genuine trend.
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_matt_simpson&utm_content=share
0:00 Sticky Inflation Lifts Dollar
1:00 Seasonality Too Weak to Trade
1:41 Crowded Longs Start Cracking
2:22 A Monthly Chart of Lower Highs
3:43 Volume Undercuts the Rally
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#Forex #StoneX #MattSimpson #DXY
The U.S. dollar rally is running on sticky inflation rather than Federal Reserve rate expectations, which have fallen for September.
Matt Simpson, Market Analyst at StoneX Media, breaks down why the dollar is holding gains, what futures positioning has just done, and where the technical structure points.
Falling odds of a September Federal Reserve rate hike have not stopped the dollar index from climbing, and the futures market has just seen its heaviest net long covering in nearly two years. Seasonality through August and September carries no strong directional edge, while the monthly chart has printed successive lower highs. Volume behind the current advance is falling rather than rising, the pattern that separates a corrective bounce from a genuine trend.
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_matt_simpson&utm_content=share
0:00 Sticky Inflation Lifts Dollar
1:00 Seasonality Too Weak to Trade
1:41 Crowded Longs Start Cracking
2:22 A Monthly Chart of Lower Highs
3:43 Volume Undercuts the Rally
Like and subscribe for more financial market insights.
#Forex #StoneX #MattSimpson #DXY
