Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect HG to trend upwards. Based on these past events there is a 75% chance of this. We expect HG to trend upwards for 48 hours because the released value is < 64.3. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion
03 Dec 15:00 |
04 Nov 15:00 |
03 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
