We expect HG to trend downwards for the next 4 hours. Based on these past United States Continuing Jobless Claims news events there is a 83.33% chance of this. We expect this to happen because the released value is < 1680K. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
22 Aug 12:30 |
25 Jul 12:30 |
18 Jul 12:30 |
20 Jun 12:30 |
06 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
