ADA Volatility Analysis for Continued Claims, 30th June 2022

Data Analysis

The release

Released by the Department of Labor on 30 June 2022 at 8:30 AM EDT. Continued Jobless Claims rose to 1403K for the week ending 18th Jun, from 1362K in the week ending 11th Jun.

It arrived at the same moment as Personal Income and Outlays, Personal Consumption Expenditures, Core Personal Consumption Expenditures 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 1.31x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 2.47x, 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 $0.4427 when the figure came out. Fifteen minutes later it was 0.5% higher, and an hour later 0.79% higher. Its high-to-low range in the hour after was 1.83% of its price, against 1.56% 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 1.31x 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

0.4637

0.4681

24h Change

0.0044 (0.94%)

24h High

0.4700

24h Low

0.4352

24h Volume

220.272M ADA

US Continued Jobless Claims

Department of Labor

30th June, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4423	0.4429	0.4422	0.4427	0.09%	0.16%	102,961 ADA
During	0.4427	0.4446	0.4427	0.4442	0.34%	0.43%	821,817 ADA

5 Minutes
Before	0.4416	0.4429	0.4412	0.4427	0.25%	0.38%	550,594 ADA
During	0.4427	0.446	0.4427	0.4447	0.45%	0.74%	2.503M ADA

10 Minutes
Before	0.4406	0.4429	0.4405	0.4427	0.47%	0.54%	1.025M ADA
During	0.4427	0.446	0.4419	0.4423	-0.09%	0.92%	3.438M ADA

15 Minutes
Before	0.4395	0.4429	0.439	0.4427	0.72%	0.88%	1.454M ADA
During	0.4427	0.446	0.4419	0.4449	0.49%	0.92%	4.207M ADA

30 Minutes
Before	0.4408	0.4429	0.439	0.4427	0.43%	0.88%	2.728M ADA
During	0.4427	0.4471	0.4419	0.4456	0.65%	1.16%	6.894M ADA

1 Hour
Before	0.4395	0.4449	0.438	0.4427	0.72%	1.55%	6.725M ADA
During	0.4427	0.45	0.4419	0.4462	0.78%	1.80%	10.979M ADA

2 Hours
Before	0.4416	0.4449	0.4374	0.4427	0.25%	1.69%	15.46M ADA
During	0.4427	0.45	0.4352	0.438	-1.07%	3.29%	26.535M ADA

4 Hours
Before	0.4488	0.4496	0.4374	0.4427	-1.38%	2.71%	41.785M ADA
During	0.4427	0.4513	0.4352	0.45	1.62%	3.57%	43.487M ADA

6 Hours
Before	0.4547	0.461	0.4374	0.4427	-2.71%	5.12%	75.041M ADA
During	0.4427	0.452	0.4352	0.4448	0.47%	3.72%	54.605M ADA

8 Hours
Before	0.4637	0.4658	0.4465	0.4489	-3.30%	4.14%	68.693M ADA
During	0.4488	0.4513	0.4352	0.45	0.27%	3.57%	85.272M ADA

12 Hours
Before	0.4637	0.4658	0.4374	0.4427	-4.74%	6.10%	110.479M ADA
During	0.4427	0.47	0.4352	0.4681	5.43%	7.40%	109.793M ADA