DXY decline setting up 96.20 longs [Video]

Dale J Pinkert Independent Analyst

Trading focuses on a developing decline in the DXY that is setting up potential long opportunities near the 96.20 level. Dale Pinkert analyzes the post-election trade in USDJPY and shares a long setup in silver based on a possible third drive formation. He also maintains a bullish outlook on WTI, despite ongoing talks between Iran and the United States.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

EUR/USD extends its optimism past 1.1900

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GBP/USD hits three-day peaks, targets 1.3700

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Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

XRP struggles around $1.40 despite institutional inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.