Dollar Index Sits on the Edge and Inflation Data Decides It

U.S. dollar index support has held for four straight weeks, with consumer price index data and the Federal Reserve meeting set to resolve it. Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar across the weekly, daily and four hour charts. The monthly opening range is still taking shape above lateral support, and the dollar index has been straddling its 52-week moving average for several weeks. Consumer price index data lands first, feeding straight into how markets price the Federal Reserve decision that follows. The multi-week downslope remains intact while that support zone holds on a closing basis. Discover Actionable Insights with the latest Market Outlook Reports: https://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 Holds a Four Week Line 00:48 - Break Below Opens Downside 01:16 - Daily Chart Meets Uptrend 01:59 - Four Hour Resistance Stack 03:24 - Inflation Data Takes Over 04:15 - Monthly Range Stays Unfinished Like and subscribe for more financial market insights. #DXY #StoneX #MichaelBoutros #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social