


MasterPhiAncient
BTCUSD ELLIOT WAVE ANALYSIS BY @MASTERPHI
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The USD/CAD is trading around 1.2980, up 0.70% on the day. Mexico's NAFTA representative Guajardo said there is a 40% chance of reaching a deal by July. Also, oil prices are down with WTI trading below $69. In addition to the fall in Canada's key export, a sour market mood is boosting the greenback against almost all currencies except the Yen
There are also geopolitical tensions that are playing into the hands of the yellow metal, including Italy and Spain. “Given the crises in Italy and Spain in the past week and the growing concern regarding possible ‘contagion’, expectations for a rate hike have diminished somewhat, as can be discerned from the massive drop in the 2-year treasury yield recently. I...
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