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 80% chance of this. We expect HG to trend upwards 12 hours following the event release at 08 Jan 13:30 if the released value is < 71K. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion
04 Dec 13:30 |
02 Oct 12:30 |
04 Sep 12:30 |
10 Jan 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
