Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect HG to trend upwards later today. Based on these past events there is a 75% chance of this. We expect HG to trend upwards 4 hours following the event release at 03 Mar 15:00 if the released value is < 61. A price movement of 2 pips is expected. Historical events that allowed us to draw this conclusion
06 Jan 15:00 |
05 May 14:00 |
03 Mar 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
