ADA Volatility Analysis for Continued Claims, 21st April 2022

Data Analysis

The release

Released by the Department of Labor on 21 April 2022 at 8:30 AM EDT. Continued Jobless Claims rose to 1428K for the week ending 9th Apr, from 1426K in the week ending 2nd Apr.

It arrived at the same moment as Initial Jobless Claims, so the reaction measured on this page belongs to all of them together.

Measured by Clometrix

Cardano's volatility ratio was 1.00x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.08x, against a typical 1.63x. Under 1.5x is not a reaction at all: the market barely noticed this release. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Cardano moved

Cardano was at $0.9550 when the figure came out. Fifteen minutes later it was 0.31% higher, and an hour later 1.36% higher. Its high-to-low range in the hour after was 1.47% of its price, against 1.05% in the hour before.

What made it matter

Since 2021, Continued Claims releases in the two weeks before a Fed decision have moved Cardano about as much as those at other times: a median volatility ratio of 1.33x across 93, against 1.36x across 206. This one came out 13 days before the Federal Reserve's 4 May rate decision. Its own ratio of 1.00x compares with 1.33x for those, so it moved the price less than its circumstances would suggest.

About Continued Jobless Claims

The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Continued claims, also referred to as insured unemployment, is the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment. Continued claims data are based on the week of unemployment, not the week when the initial claim was filed.

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.

ADA-USDT

Cardano

Open

0.9390

0.9130

24h Change

-0.026 (-2.85%)

24h High

0.9710

24h Low

0.8910

24h Volume

105.887M ADA

US Continued Jobless Claims

Department of Labor

21st April, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.955	0.955	0.954	0.954	-0.10%	0.10%	55,623 ADA
During	0.955	0.957	0.954	0.956	0.10%	0.31%	70,466 ADA

5 Minutes
Before	0.956	0.956	0.953	0.954	-0.21%	0.31%	409,584 ADA
During	0.955	0.957	0.954	0.956	0.10%	0.31%	277,007 ADA

10 Minutes
Before	0.954	0.957	0.953	0.954	0.00%	0.42%	611,507 ADA
During	0.955	0.958	0.954	0.958	0.31%	0.42%	564,168 ADA

15 Minutes
Before	0.954	0.957	0.952	0.954	0.00%	0.52%	910,807 ADA
During	0.955	0.959	0.954	0.958	0.31%	0.52%	957,685 ADA

30 Minutes
Before	0.955	0.959	0.952	0.954	-0.10%	0.73%	2.076M ADA
During	0.955	0.964	0.954	0.962	0.73%	1.04%	3.312M ADA

1 Hour
Before	0.956	0.962	0.952	0.954	-0.21%	1.04%	4.896M ADA
During	0.955	0.968	0.954	0.968	1.34%	1.45%	6.209M ADA

2 Hours
Before	0.95	0.962	0.948	0.954	0.42%	1.46%	10.388M ADA
During	0.955	0.971	0.954	0.962	0.73%	1.75%	12.821M ADA

4 Hours
Before	0.951	0.962	0.94	0.954	0.31%	2.29%	17.661M ADA
During	0.955	0.971	0.947	0.948	-0.74%	2.47%	25.193M ADA

6 Hours
Before	0.94	0.962	0.937	0.954	1.47%	2.60%	24.445M ADA
During	0.955	0.971	0.94	0.943	-1.27%	3.19%	32.426M ADA

8 Hours
Before	0.939	0.954	0.934	0.95	1.16%	2.10%	17.6M ADA
During	0.951	0.971	0.94	0.948	-0.32%	3.19%	42.854M ADA

12 Hours
Before	0.939	0.962	0.934	0.954	1.57%	2.91%	35.261M ADA
During	0.955	0.971	0.891	0.913	-4.60%	8.24%	70.626M ADA