ADA Volatility Analysis for Continued Claims, 15th June 2023

Data Analysis

The release

Released by the Department of Labor on 15 June 2023 at 8:30 AM EDT. Continued Jobless Claims rose to 1764K for the week ending 3rd Jun, from 1755K in the week ending 27th May.

It arrived at the same moment as Retail Sales, Retail Sales Excluding Automobiles, Import Price Index, Export Price Index 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 1.36x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 0.86x, 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 $0.2590 when the figure came out. Fifteen minutes later it was 0.39% lower, and an hour later 0.66% higher. Its high-to-low range in the hour after was 1.62% of its price, against 1.39% 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 the day after the Federal Reserve's 14 June rate decision. Its own ratio of 1.36x 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

0.2635

0.2608

24h Change

-0.0027 (-1.04%)

24h High

0.2660

24h Low

0.2525

24h Volume

141.686M ADA

US Continued Jobless Claims

Department of Labor

15th June, 2023, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.2588	0.2591	0.2585	0.2591	0.12%	0.23%	43,011 ADA
During	0.259	0.2598	0.2589	0.2595	0.19%	0.35%	129,344 ADA

5 Minutes
Before	0.2585	0.2591	0.2582	0.2591	0.23%	0.35%	282,589 ADA
During	0.259	0.2598	0.2589	0.2592	0.08%	0.35%	476,907 ADA

10 Minutes
Before	0.2592	0.2593	0.2582	0.2591	-0.04%	0.42%	472,041 ADA
During	0.259	0.2598	0.2578	0.258	-0.39%	0.77%	686,751 ADA

15 Minutes
Before	0.2588	0.2596	0.2582	0.2591	0.12%	0.54%	1.019M ADA
During	0.259	0.2598	0.2578	0.258	-0.39%	0.77%	915,945 ADA

30 Minutes
Before	0.2591	0.2596	0.2576	0.2591	0.00%	0.77%	2.167M ADA
During	0.259	0.2598	0.2576	0.2587	-0.12%	0.85%	2.341M ADA

1 Hour
Before	0.2561	0.2596	0.256	0.2591	1.16%	1.39%	6.158M ADA
During	0.259	0.2618	0.2576	0.2607	0.65%	1.60%	5.712M ADA

2 Hours
Before	0.2567	0.2596	0.2545	0.2591	0.93%	1.96%	11.964M ADA
During	0.259	0.2619	0.2576	0.2597	0.27%	1.64%	11.073M ADA

4 Hours
Before	0.2572	0.2596	0.2533	0.2591	0.73%	2.43%	21.621M ADA
During	0.259	0.2619	0.2566	0.2591	0.04%	2.02%	17.483M ADA

6 Hours
Before	0.2584	0.2596	0.2533	0.2591	0.27%	2.43%	39.283M ADA
During	0.259	0.2619	0.2525	0.2568	-0.86%	3.59%	32.866M ADA

8 Hours
Before	0.2635	0.266	0.2537	0.2572	-2.45%	4.62%	57.419M ADA
During	0.2572	0.2619	0.2533	0.2591	0.73%	3.28%	39.104M ADA

12 Hours
Before	0.2635	0.266	0.2533	0.2591	-1.70%	4.77%	79.04M ADA
During	0.259	0.2658	0.2525	0.2608	0.69%	5.00%	62.646M ADA