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We expect HG to trend downwards with a 77.78% chance.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect HG to trend downwards. Based on these past events there is a 77.78% chance of this. We expect HG to trend downwards for 4 hours because the released value is < 70. A price movement of 5 pips is expected. Historical events that allowed us to draw this conclusion

15 Oct 14:00
17 Sep 14:00
13 Aug 14:00
16 Jul 14:00
14 May 14:00
16 Apr 14:00
15 Jan 15:00

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

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