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”).