Data Analysis
The release
Released by the Department of Labor on 13 January 2022 at 8:30 AM EST. Continued Jobless Claims rose to 1721K for the week ending 1st Jan, from 1690K in the week ending 25th Dec.
It arrived at the same moment as Producer Price Index, Core Producer 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 1.00x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.13x, 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 $1.2800 when the figure came out. Fifteen minutes later it was 0.78% higher, and an hour later 2.34% higher. Its high-to-low range in the hour after was 2.34% of its price, against 0.78% 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 26 January 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
1.3400Close
1.240024h Change
-0.10 (-8.06%)24h High
1.340024h Low
1.220024h Volume
163.362M ADAUS Continued Jobless Claims
Department of Labor
13th January, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.28 | 1.28 | 1.28 | 1.28 | 0.00% | 0.00% | 41,647 ADA |
| During | 1.28 | 1.29 | 1.28 | 1.28 | 0.00% | 0.78% | 176,277 ADA |
| 5 Minutes | |||||||
| Before | 1.28 | 1.28 | 1.28 | 1.28 | 0.00% | 0.00% | 396,355 ADA |
| During | 1.28 | 1.29 | 1.28 | 1.29 | 0.78% | 0.78% | 725,531 ADA |
| 10 Minutes | |||||||
| Before | 1.28 | 1.29 | 1.28 | 1.28 | 0.00% | 0.78% | 850,376 ADA |
| During | 1.28 | 1.29 | 1.28 | 1.29 | 0.78% | 0.78% | 1.289M ADA |
| 15 Minutes | |||||||
| Before | 1.29 | 1.29 | 1.28 | 1.28 | -0.78% | 0.78% | 1.024M ADA |
| During | 1.28 | 1.29 | 1.28 | 1.29 | 0.78% | 0.78% | 1.469M ADA |
| 30 Minutes | |||||||
| Before | 1.29 | 1.29 | 1.28 | 1.28 | -0.78% | 0.78% | 1.761M ADA |
| During | 1.28 | 1.29 | 1.28 | 1.29 | 0.78% | 0.78% | 2.522M ADA |
| 1 Hour | |||||||
| Before | 1.29 | 1.29 | 1.28 | 1.28 | -0.78% | 0.78% | 3.033M ADA |
| During | 1.28 | 1.31 | 1.28 | 1.31 | 2.29% | 2.29% | 7.295M ADA |
| 2 Hours | |||||||
| Before | 1.29 | 1.29 | 1.27 | 1.28 | -0.78% | 1.55% | 8.123M ADA |
| During | 1.28 | 1.32 | 1.26 | 1.26 | -1.59% | 4.55% | 23.955M ADA |
| 4 Hours | |||||||
| Before | 1.30 | 1.31 | 1.27 | 1.28 | -1.56% | 3.05% | 16.684M ADA |
| During | 1.28 | 1.32 | 1.24 | 1.25 | -2.40% | 6.06% | 54.24M ADA |
| 6 Hours | |||||||
| Before | 1.29 | 1.31 | 1.27 | 1.28 | -0.78% | 3.05% | 25.949M ADA |
| During | 1.28 | 1.32 | 1.24 | 1.25 | -2.40% | 6.06% | 68.558M ADA |
| 8 Hours | |||||||
| Before | 1.34 | 1.34 | 1.28 | 1.30 | -3.08% | 4.48% | 51.626M ADA |
| During | 1.30 | 1.32 | 1.24 | 1.25 | -4.00% | 6.06% | 70.924M ADA |
| 12 Hours | |||||||
| Before | 1.34 | 1.34 | 1.27 | 1.28 | -4.69% | 5.22% | 68.31M ADA |
| During | 1.28 | 1.32 | 1.22 | 1.24 | -3.23% | 7.58% | 95.052M ADA |
