In evening session.. We will expect high volatility in metal
segment due to upcoming data and events.
1) US ADP Nonfarm employment change at 6.45pm
Previous data stood at 200k and this time forecast is of
183k. Forecast figure seems to be positive for bullion and negative for base
metals
2) US Trade Balance data at 7pm.
Previous data stood at -48.3B and this time forecast is of
-42.7B. Forecast figure seems to be negative for bullion and positive for base
metals
3) FED chair Yellen Testifies at 8.30 PM.
It keep market volatile and provide direction for the
market.
4) ISM Non-manufacturing PMI at 8.30pm.
Previous data stood at 56.9 and this time forecast is of
56.6. Forecast figure seems to be slightly negative for base metals.
So trade safely with levels only. Anything seems will update.
