We expect HG to trend upwards today.

Based on the last 12 Non Farm Payrolls events in United States, we expect HG to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect HG to trend upwards 12 hours following the event release at 02 Jul 12:30 if the released value is > 3000K. A price movement of 4 pips is expected.

Historical events that allowed us to draw this conclusion

08 May 12:30
07 Feb 13:30
06 Dec 13:30
01 Nov 12:30
05 Jul 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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