The Dollar Broke Three Support Levels in One Stretch

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: 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 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