Scott Nations of Nations Indexes spoke on CNBC's "Futures Outlook" about the U.S. dollar. He said short speculative positions in the U.S. dollar are at the all-time highs and if the Fed says anything positive about the interest rates and the recovery, it will be great for the dollar.

He wants to get a long position in the September futures contracts of the Dollar Index at 92,75, with a stop loss at 92,45 and a target price of 93,75. If he gets these levels, he will be risking $300 to make $1,000.