Based on the last 12 Non Farm Payrolls events in United States, we expect a $0.22 movement on HG within 12 hours following the event release at 06 Aug 12:30. We expect HG to trend upwards 12 hours following the event release at 06 Aug 12:30 if the released value is > 870K
Historical events that allowed us to draw this conclusion
02 Jul 12:30 |
02 Apr 12:30 |
05 Mar 13:30 |
06 Nov 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
