We expect a $0.169 movement on HG within the next 2 hours. We expect HG to trend downwards 2 hours following the Ivey PMI s.a events in Canada release because the released value is > 64.2. A price movement of 4 pips is expected.
Historical events that allowed us to draw this conclusion
08 Sep 14:00 |
07 Apr 14:00 |
05 Mar 15:00 |
06 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
