Data Analysis
The release
Released by the Department of Labor on 2 September 2021 at 8:30 AM EDT. Continued Jobless Claims rose to 2789K for the week ending 21st Aug, from 2736K in the week ending 14th Aug.
It arrived at the same moment as International Trade Balance in Goods and Services, International Imports in Goods and Services, International Exports in Goods and Services and Initial Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Cardano's volatility ratio was 1.47x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.27x, 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 $3.0500 when the figure came out. Fifteen minutes later it was 0.98% lower, and an hour later unchanged. Its high-to-low range in the hour after was 0.98% of its price, against 0.66% 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 was not within two weeks of a Fed decision. Its own ratio of 1.47x compares with 1.36x for those, about what 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
2.8500Close
2.950024h Change
0.10 (3.39%)24h High
3.100024h Low
2.830024h Volume
397.503M ADAUS Continued Jobless Claims
Department of Labor
2nd September, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3.05 | 3.05 | 3.05 | 3.05 | 0.00% | 0.00% | 170,945 ADA |
| During | 3.05 | 3.05 | 3.05 | 3.05 | 0.00% | 0.00% | 87,957 ADA |
| 5 Minutes | |||||||
| Before | 3.04 | 3.05 | 3.04 | 3.05 | 0.33% | 0.33% | 690,303 ADA |
| During | 3.05 | 3.05 | 3.03 | 3.03 | -0.66% | 0.66% | 1.695M ADA |
| 10 Minutes | |||||||
| Before | 3.06 | 3.06 | 3.04 | 3.05 | -0.33% | 0.65% | 1.604M ADA |
| During | 3.05 | 3.05 | 3.03 | 3.03 | -0.66% | 0.66% | 2.452M ADA |
| 15 Minutes | |||||||
| Before | 3.06 | 3.06 | 3.04 | 3.05 | -0.33% | 0.65% | 2.249M ADA |
| During | 3.05 | 3.05 | 3.02 | 3.02 | -0.99% | 0.98% | 3.825M ADA |
| 30 Minutes | |||||||
| Before | 3.05 | 3.06 | 3.04 | 3.05 | 0.00% | 0.65% | 4.239M ADA |
| During | 3.05 | 3.05 | 3.02 | 3.03 | -0.66% | 0.98% | 6.827M ADA |
| 1 Hour | |||||||
| Before | 3.05 | 3.06 | 3.04 | 3.05 | 0.00% | 0.65% | 7.568M ADA |
| During | 3.05 | 3.05 | 3.02 | 3.05 | 0.00% | 0.98% | 10.448M ADA |
| 2 Hours | |||||||
| Before | 3.04 | 3.06 | 3.04 | 3.05 | 0.33% | 0.65% | 16.346M ADA |
| During | 3.05 | 3.05 | 3.01 | 3.02 | -0.99% | 1.31% | 22.152M ADA |
| 4 Hours | |||||||
| Before | 3.05 | 3.06 | 3.01 | 3.05 | 0.00% | 1.63% | 35.038M ADA |
| During | 3.05 | 3.05 | 2.90 | 2.97 | -2.69% | 4.92% | 77.374M ADA |
| 6 Hours | |||||||
| Before | 3.08 | 3.10 | 3.00 | 3.05 | -0.98% | 3.23% | 78.588M ADA |
| During | 3.05 | 3.05 | 2.90 | 2.95 | -3.39% | 4.92% | 97.721M ADA |
| 8 Hours | |||||||
| Before | 2.85 | 3.10 | 2.83 | 3.05 | 6.56% | 8.71% | 212.833M ADA |
| During | 3.05 | 3.06 | 2.90 | 2.97 | -2.69% | 5.23% | 112.411M ADA |
| 12 Hours | |||||||
| Before | 2.85 | 3.10 | 2.83 | 3.05 | 6.56% | 8.71% | 247.871M ADA |
| During | 3.05 | 3.05 | 2.90 | 2.95 | -3.39% | 4.92% | 149.632M ADA |
