Daily Market Outlook, June 30, 2022

Daily Market Outlook, June 30, 2022 Overnight Headlines Fed’s Powell: Fed Must Accept Higher Recession Risk To Combat Inflation Fed’s Mester: Fed Is on Track for 0.75-Point July Rate Hike Bitcoin Trades Sub 20k Amid Global Reduced Risk Sentiment China's June Factory, Services Activity Expands First Time In 4 Months EU Seeks Open Talks On N.Ireland, Not Pre-Set UK Outcome UK Business Confidence at 15Mth Low As Cost Of Living Crisis Bites China Lockdowns Spark Sharpest Drop In Japan Output Since 2020 Australia Job Vacancies Surge As Firms Struggle To Find Staff RBNZ Chief Economist Warns Housing No Longer One-Way Bet NZ Business Sentiment Continues To Weaken As Supply Issues Dominate Euro Under Pressure As Inflation Fears Send Investors To Dollar Haven Bonds Move To Price In A Half-Point Cut After Fed Reaches Peak SEC Rejects Grayscale’s Spot Bitcoin ETF Application Oil Set For First Monthly Decline This Year Before OPEC+ Meeting US Could Release Even More Oil From Strategic Stockpiles Iran, US Nuclear-Deal Talks End Without Progress US Agrees To Pay $3.2 Billion For More Pfizer Covid Vaccines Chinese Stocks Set For Largest Monthly Rise Since 2020 Samsung Says It Is Manufacturing 3nm Chips In Global FirstThe Day Ahead Asian equity markets are mixed this morning. Most are down but Chinese indices are up. Chinese markets may have been supported by an upturn in June PMI data as the manufacturing index climbed above the 50 expansion level for the first time since February, while the non-manufacturing reading was the highest since April 2021. In Germany, retail sales rose by 0.6% in May following a big fall in April. French annual CPI inflation on the EU harmonised measure rose to 6.5% in May up from 5.8% in April. Today’s latest reading for the Lloyds Business Barometer showed a decline of 10 points in June as business confidence slipped to its lowest since the emergence from the second Covid wave. Despite today’s fall, the level of confidence is still equivalent to its long-term average. However, firms are now more cautious both about the economy as a whole and their own trading prospects. Indeed, eleven of the UK’s twelve regions and nations reported lower confidence this month. Firms’ hiring intentions have also moderated and, while pay and pricing expectations remain elevated, there were tentative signs of moderation compared with last month. Today’s Swedish Riksbank monetary policy update is expected to produce a second straight hike in interest rates. Indeed, most economists expect the Riksbank to adopt the same move as several other central banks and opt for a 50 basis points hike rather than repeating April’s move of 25bp. Further rises are also expected at the remaining two meetings of the year and some economists are forecasting 50bp increases at each of those meetings. Despite a fall in US retail sales interest rates in May, overall consumer spending is expected to have risen due to more spending on services. Nevertheless, yesterday’s downward revision to Q1 consumer expenditure growth added to concerns about the outlook that have already been lifted by the sharp decline in consumer confidence measures. The Fed’s preferred inflation gauge, the personal consumption expenditure (PCE) deflator, is expected to mirror the movements in the already released CPI. Expect the headline PCE deflator to rise to 6.5% from 6.3%, while the core PCE deflator is forecast to edge down to 4.8% from 4.9%. As elsewhere, inflation is expected to remain above target for a considerable period ahead. Finally, weekly jobless claims data, which have ticked up in recent weeks, will be watched for signs that employment growth is faltering.FX Options Expiring 10am New York Cut EUR/USD: 1.0400 (703M), 1.0440 (307M), 1.0500 (692M) 1.0550-55 (1.12BLN) 1.0650 (207M), 1.0750 (938M) USD/JPY: 135.00 (263M), 136.00 (356M), 137.00 (311M) GBP/USD: 1.2300 (348M). USD/ZAR: 15.65-75 (370M) EUR/GBP: 0.8525 (259M), 0.8650 (701M) USD/CHF: 0.9600 (630M), 0.9800 (250M) USD/CAD: 1.2750-55 (1.15BLN), 1.2830 (390M) 1.2850-60 (390M), 1.3000 (601M)Technical & Trade ViewsEURUSD Bias: Bearish below 1.07 Bullish above EUR was the weakest major currency yesterday, trading 1.0450’s as LDN session starts USD broadly bid with hawkish comments from Fed Cheif Powell EUR/CHF selling saw prints below parity to a 15-year low EUR/USD closed below support at 1.0470 and now targets June 15 low at 1.035 EUR pressured by diverging central bank expectations and month-end flows EUR/USD's rally attempts are laboured ECB comments and risk aversion weigh A daily close under the 1.0450 would be another bearish development Initial offers are seen at 1.0615/20 ahead 1.0650 Bids 1.0450 stops below to fuel a test of 1.04 20 Day VWAP is bearish, 5 Day bearishGBPUSD Bias: Bearish below 1.26 Bullish above. GBP offered on fears the BoE may delay further hikes New BoE board member Dhingra prefers 'very gradual' approach on rates Markets sense BoE may fall behind the curve in a similar fashion to the ECB Souring risk sentiment weighs on GBP trading sub 1.2150 Month end USD bids add further downside pressure Resistance remains sited at 1.2410 Support eyed at 1.2150 failure here will open 1.2050 20 Day VWAP is bearish, 5 Day bearishUSDJPY Bias: Bullish above 134 Bearish below USD/JPY up to 137.00 before retreating with lower US yields 137.00 traded but didn't trade above, any option structures are likely still in play Risk off sentiment driven by growth concerns, inflation and hawkish Fed USD/JPY trades at highest levels since 139.95 in September 1998 Longer-term trend is bullish driven by BoJ-Fed divergence, US yields correlation US yields soften on recession fears, 10 yr Treasury trading 3.06% Japanese importer bids sited towards 135 Notable options expiries at 133.50 and 134.00 strikes go off Friday Option barriers quoted at 137 20 Day VWAP is bullish, 5 Day bullishAUDUSD Bias: Bullish above .7200 Bearish below AUD steadies as China PMIs improve Global growth concerns will likely keep the AUD/USD under pressure Bids are tipped toward support at June 14 lows 0.6850 20 Day VWAP remains untested confirming downside Bears now targeting a test of the base towards 0.6840’s Offers seen towards .6960, bids eyed .6850 20 Day VWAP is bearish, 5 Day bearishBTCUSD Bias: Bullish above .22000 Bearish below BTC sinks below 20k as EU seeks a deal on Crypto regulation Trend remains down as within broader bearish channel beckons BTC gaining traction below 20k Support at 19,690’s eroded bears targeting a retest of 19k 20 Day VWAP remains bearishly oriented and untested Additional pressure seen from BTC miners liquidating positions on declining profitability 20 Day VWAP is bearish, 5 Day bearish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-june-30-2022"
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Bitcoin Forecast: Potential Jump Ahead?

The price of Bitcoin got back to the broken neckline of the inverted head and shoulders pattern, which is next to a very strong psychological supporting level of 20000. Bitcoin is likely to jump anytime soon.Oil is trying to close the trading day with a shooting star that is touching the level of 120. The price of oil is likely to form the candlestick pattern, drop to the level of 100, and gain the required support.Gold might shortly approach the downtrend, face the resistance at the level of 1850, and jump. It might also drop to the supporting level of 1785 and then only jump.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-forecast-potential-jump-ahead"
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Three Sharia-compliant growth companies

Professional investor Scott Klimo of the Saturna Al-Kawthar Global Focused Equity ETF tips three Sharia-compliant stocks.

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GBPCAD, H4 | Potential Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 1.57894Pivot: 1.57052Support: 1.54814Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1.57052 in line with the pullback resistance to the 1st support at 1.54814 at the horizontal swing low and 78.6% fibonacci projection.Alternative Scenario:Alternatively, price may rise above the pivot to the 1st resistance at 1.57894 in line with the 38.2% fibonacci retracement and pullback resistance.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpcad-h4-or-potential-bearish-continuation"
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CADCHF, H4 | Potential Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 0.74889Pivot: 0.74587Support: 0.73563Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will rise and drop from the pivot at 0.74587 in line with the 78.6% fibonacci retracement and pullback resistance to the 1st support at 0.73563 at the horizontal swing low and 78.6% fibonacci projectionAlternative Scenario:Alternatively, price may rise above the pivot to the 1st resistance at 0.74889 in line with the swing high resistance and 38.2% fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cadchf-h4-or-potential-bearish-continuation"
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USDCHF, H4 | Potential Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 0.97272Pivot: 0.95620Support: 0.94155Preferred Case:On the H4, with bullish divergence on the RSI, we have a bullish bias that price will rise from our pivot at 0.95620 where the horizontal swing low support is to our 1st resistance at 0.97272 in line with the horizontal swing high resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may break structure and head for 1st support at 0.94155 where the 127.2% Fibonacci extension is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-or-potential-bullish-bounce29"
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Investment Bank Outlook 29-06-2022

Credit AgricoleAsia overnight Again, price action was pretty subdued in the G10 FX space overnight, as the USD consolidated its resurgence of the day prior. It was at least until the first regional CPI estimate coming from one of the German Lander this morning. The EUR indeed dipped on the back of a surprising fall in consumer prices this month, although we would caution whether the market consensus had well discounted the measures recently implemented to tackle surging transport costs. Elsewhere, USD/JPY has steadied around 136 despite the modest slippage in UST yields and the equity losses, while the slight miss in the Japanese retail sales was easily shrugged off. In contrast, Australian retail sales kept growing at a frothy 0.9% MoM pace in May (vs 0.4% expected), which nonetheless did not translate into a material lift for the AUD as AUD/USD is holding up just above 0.69.EUR: can we still trust the ECB?The EUR’s good start to the new week has seemingly come to a premature end in the wake of the opening speech by ECB President Christine Lagarde yesterday at the ECB Forum on Central Banking in Sintra as well as on the back of returning concerns about the Eurozone economic outlook. In particular, Lagarde’s comments suggested that the ECB has made little progress on its anti[1]fragmentation tool since the tool was first announced at its June policy meeting two weeks ago. Indeed, we continue to think that the ECB’s ability to contain any further sell-off in the Eurozone periphery will remain a key determinant of the EUR’s near-term outlook given that the rates markets have already priced in a significant portion of the upcoming ECB monetary tightening. All that being said, we further note that the reaction in the EGB and the Eurozone rate markets to Lagarde’s speech has been rather muted with the EUR-USD rate spread still close to recent highs and the peripheral yield spreads to Bunds still close to recent lows. We therefore think that the latest EUR/USD price action in particular could be further driven by month-end rebalancing flows that according to our model should be dominated by USD-buying.CitiEuropean OpenMarkets were calm following the European close, with dollar holding onto gains. Aussie retail sales came in higher than expected, while Korea saw news from Bloomberg today, citing Yonhap, that the BoK will weigh a ‘Big Step” rate hike if June CPI hits 6%. Nearer to the European open, we received a disinflation signal in the form of German regional (NRW) CPI, although we do note that we would not read too much into it given that the Saxony print is more highly correlated with the headline CPI. Nevertheless, German 10y bund futures jumped, while the UST curve sits 4-5bps lower.Central bank speak from Sintra looms today, featuring ECB, BoE and Fed speakers. For EUR, focus will once again be on fragmentation tool details, especially after yesterday’s report from Reuters. GBP will watch Bailey, as unscripted comments from the governor tend to be more informative on his views. Fed Chair Powell is not expected to alter his rhetoric of late despite the downward revision to University of Michigan inflation expectations. Elsewhere, we will watch the German CPI prints, Eurozone economic confidence data, and SEK’s economic tendency survey. BRL will watch inflation prints for June.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/investment-bank-outlook-29-06-2022"
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Daily Market Outlook, June 29, 2022

Daily Market Outlook, June 29, 2022 Overnight Headlines Asian Markets Retreat On Increasing Recession Fears Bitcoin Testing 20k On Souring Risk Sentiment Fed Officials Promise Rate Hikes, Push Back On Recession Fears US Dep ComSec Clear US Response On China Tariffs Is Coming Soon EU Countries Uphold Phaseout Of New Cars Emissions By 2035 France Cuts Growth Outlook, But Sticks To Budget Target BRC: UK Shop Prices Jump By Most Since 2008 China’s Economy Didn’t Bounce In Q2, Beige Book Survey Finds Japan Retail Sales Rise Faster Than Expected As Covid Curbs Ease BoJ Gov Vows Easy Policy As Japan Less Affected By Global Inflation Australian Consumers Spent Big In May After First Rate Hike Turkey Clears Way For Finland, Sweden To Join NATO Dollar Falters As US Yields Retreat Amid Recession Risks Oil Prices Take a Breather After Their Three-Day Rally EIA: Delayed Weekly Oil Reports To Be Released Wednesday OPEC+ Oil Output Is Half A Billion Barrels Behind On Supply Deal Asian Stocks Lose Bounce From Shorter Quarantine, Slip On Inflation Fears Tesla Lays Off Hundreds Of Autopilot Workers In Latest CutsThe Day Ahead Asian equity markets are weaker, following on from the falls on Wall Street, as concerns about higher interest rates and economic growth resurfaced. Geopolitics remain in focus after Turkey dropped opposition to Finland and Sweden joining NATO. US 10-year Treasury yields are lower, as are German bund yields after unexpected falls in German state inflation data (see below). In the UK, the BRC’s shop price index of commonly purchased goods has risen for an eleventh consecutive month, led higher food prices. The first indications of June inflation for the Eurozone will comes from Spanish inflation printing double digits, later German data, followed by French figures tomorrow. Earlier this morning, figures for the German state of North Rhine-Westphalia has attracted attention for being surprisingly weak, falling to 7.5%y/y from 8.1%y/y. If replicated through the morning’s other regional CPI releases and in the pan-German figure at 1pm, it would pose downside risks to the Eurozone ‘flash’ CPI estimate (which is forecast to accelerate) due on Friday. Also in the Eurozone, the eurozone economic sentiment index is expected to fall, reflecting declines in consumer, industrial and services confidence. The final day of the ECB’s forum on ‘Challenges for monetary policy in a rapidly changing world’ takes place in Sintra (Portugal). A panel policy at 2pm featuring ECB President Lagarde, US Fed Chair Powell, BoE Governor Bailey and the BIS’s Carstens will be closely watched, as markets assess the scale of interest rate increases ahead needed to bring inflation levels back to target. In the US, the 1.5% annualised contraction in Q1 GDP is expected to be confirmed in today’s update. The weakness was led by a wider trade deficit and slower inventory growth, which are expected to reverse. Growth is therefore expected to rebound in Q2, but to moderate in the second half of the year and in 2023. Early Thursday sees the release of China’s PMIs which are forecast to rise above the key 50 level in June to signal expansion for the first time since February as Omicron restrictions are eased. Also, due early tomorrow is the Lloyds Bank Business Barometer for June. It will also provide a forward-looking gauge on businesses’ trading prospects, their assessment of the wider economy and their expectations for hiring, prices and wage growth. The update for UK Q1 GDP will be released at 7am tomorrow and is expected to confirm 0.8%q/q growth. Given cost-of-living challenges for households, there will be attention on the disposable income and savings data to gauge the extent to which households may be reducing their savings to smooth consumption. Citi's Quant prelim month-end FX hedge rebalancing flows suggest USD buying with the signal stronger than the historical average.Despite US equity and bond markets not being the worst performers, the prominence of US assets in global portfolios, allied with the assumption that foreigners tend to hedge FX exposures, suggests net USD buying. USD-buying signal is around 1.7 historical standard deviations with EUR/USD sell signal around 1.3. Has not seen much in the way of real money selling G10 currencies (with the exception of GBP and AUD).FX Options Expiring 10am New York Cut EUR/USD: 1.0550 (426M), 1.0620-25 (662M), 1.0675 (468M) USD/JPY: 135.00 (300M), 137.50 (500M) EUR/CHF: 1.0100 (574M), 1.0275 (230M), 1.0300 (300M) AUD/USD: 0.6950 (388M). USD/CAD: 1.2790-00 (316M)Technical & Trade ViewsEURUSD Bias: Bearish below 1.07 Bullish above EUR/USD's rally attempts are laboured ECB comments and risk aversion weigh Testing 1.05 as LDN session starts A daily close under the 1.0450 would be another bearish development Sintra roundtable this afternoon and month end USD buying catalysts today Initial offers are seen at 1.0615/20 ahead 1.0650 Bids eyed towards 1.05 and 1.0450 20 Day VWAP is bearish, 5 Day bearishGBPUSD Bias: Bearish below 1.26 Bullish above. Souring risk sentiment weighs on GBP trading sub 1.22 early LDN trading Month end USD bids add further downside pressure Scottish Gov seeking another Independence vote BOE Gov Bailey speaking in Sintra this afternoon Resistance remains sited at 1.2410 Support eyed at 1.2150 failure here will open 1.2050 20 Day VWAP is bearish, 5 Day bearishUSDJPY Bias: Bullish above 132 Bearish below USD/JPY bid in the Asian session holding in the upper end of Tue’s range US yields soften on recession fears, 10 yr Treasury trading 3.14% Japanese importer bids sited towards 135 Exporter offers above 136.75 stops above could fuel further upside Notable options expiries at 133.50 and 134.00 strikes go off Friday Option barriers quoted at 136.75 & 137 Global equity sentiment continues to strengthen 20 Day VWAP is bullish, 5 Day bullishAUDUSD Bias: Bullish above .7200 Bearish below AUD heavy in risk off Asain trade China’s June PMI’s due Thursday may provide some near term support Bids are tipped toward support at June 14 lows 0.6850 Powell speaks this afternoon and will likely drive dollar action into LDN close 20 Day VWAP remains untested confirming downside Bears now targeting a test of the base towards 0.6840’s Offers seen towards .6960, bids eyed back at .6900 and stronger to .6850 20 Day VWAP is bearish, 5 Day bearishBTCUSD Bias: Bullish above .22000 Bearish below BTC weighed ProShares Short BTC ETF sees strong inflows in opening week of trading BITI holds a short exposure equivalent to 939 Bitcoins Trend remains down as within broader bearish channel beckons BTC struggling to gain traction above 21k Yesterdays bearish reversal flips 5 Day VWAP bearish Support sited at 19,690’s 20 Day VWAP remains bearishly oriented and untested Additional pressure seen from BTC miners liquidating positions on declining profitability 20 Day VWAP is bearish, 5 Day bearish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-june-29-2022"
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Market Update – June 29 – Equities in a Sell Off

USD recoves (USDIndex 104.60) after stumble on auction data, Stocks down as weaker than expected confidence data, a plunge in the Richmond Fed index and donwdraft of big tech were catalysts for some selling (USA100 tumbled -2.98%, -28% for the year). US blacklists Chinese companies for allegedly supporting Russian army. Yields richened led by the long end with the 10-year ending 2 bps lower at 3.18%. Weakness has spilled over from European bonds after hawkish ECBspeak from Lagarde and others that has seen core rates jump over 10 bps. Lagarde confirmed the bank’s commitment to rate hikes in July and September. Finland, Sweden nearer Nato Membership. China would cut mainland coronavirus quarantine requirements for all arrivals. Oil at 111.20, Gold down.

• USDIndex up to 104.60, by safe-haven flows
• Equities – USA100 tumbled -2.98% with the USA500 losing -2.01%, and the USA30 down -1.56%. JPN225 fell 0.98%, Hang Seng is currently down -1.8%, the CSI 300 -1.1%.
  
• Yields 10-year rate down -3.9 bp at 3.12%. Bund futures are also rallying.
• Oil topped to $112.20, currently at $111.20. – Market tussled between concerns about the global economy and tight global oil supplies.
• Gold down to $1,817. US bans new imports of Russian gold & Fed policymakers promise further rapid interest-rate hikes.
• Bitcoin broke 20K!
• FX Markets – EURUSD remains below the 1.06 mark and is again eyeing the 20-year low of 1.038, USDJPY is at 135.86, Cable trades at 1.2175 down from 1.2290. 

Today – Focus is on Eurozone’s Consumer Confidence , US Q1 GDP but mainly on Fedspeakers and ECB Speakers.

Biggest FX Mover @ (06:30 GMT) BTCUSD (-1.49%). Below 20K again. MAs aligning lower, MACD lines & RSI are negatively configurated. H1 ATR 186.639, Daily ATR 1825.737.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

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Indulge your wild side with a safari in deepest Kent

Get up close to the animals at Port Lympne Hotel and Reserve, says Matthew Partridge

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How to find the best stocks with dividends

Stocks that pay dividends tend to outperform the market over the long run - as well as providing an income. Here, Rupert Hargreaves explains the best ways to find dividend stocks, and lists his top ten dividend-payers on the UK market now.

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JAPANESE YEN FUTURES (6J1!), H4 Potential For Bearish Momentum

Type: Bearish MomentumKey Levels:Resistance: 0.0074895Pivot: 0.0074195Support: 0.0073570Preferred Case:On the H4, with price moving below the ichimoku cloud and along a descending trendline, we have a bearish bias that price will rise and drop from the pivot at 0.0074195 in line with the pullback resistance to the 1st support at 0.0073570 in line with the 100% fibonacci projection and horizontal swing low support.Alternative Scenario:Alternatively, price may break the pivot structure and rise to the 1st resistance at 0.0074895 where the swing high resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.Fundamentals:Yen weakness could continue, evident with the USDJPY rebounding from support to trade above 135 overnight, giving us a weak bearish bias towards yen.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/japanese-yen-futures-6j1-h4-potential-for-bearish-momentum"
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NZDUSD, H4 | Potential Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 0.63957Pivot: 0.62931Support: 0.62466Preferred Case:On the H4, with price recently breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 0.62931 in line with the pullback support to the 1st resistance at 0.63957 in line with the swing high and 50% fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support at 0.62466 at the swing low in line with the 78.6% fibonacci projection

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-potential-bullish-bounce"
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USDCAD, H4 | Potential For Bullish Momentum

Type: Bullish BounceKey Levels:Resistance: 1.3018Pivot: 1.28596Support: 1.27179Preferred Case:On the H4, with price expected to bounce off ichimoku support, we have a bullish bias that price will rise from our pivot at 1.28596 where the horizontal swing low support and 38.2% Fibonacci retracement is to our 1st resistance at 1.3018 in line with the horizontal swing high resistance and 61.8% fibonacci projection.Alternative Scenario:Alternatively, price may break structure and head for 1st support at 1.27179 where the horizontal pullback support, 61.8% fibonacci projection and 61.8% fibonacci retracement .

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-or-potential-for-bullish-momentum"
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