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We expect HG to trend upwards today.

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”).

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