ADA Volatility Analysis for Continued Claims, 3rd March 2022

Data Analysis

The release

Released by the Department of Labor on 3 March 2022 at 8:30 AM EST. Continued Jobless Claims fell to 1610K for the week ending 19th Feb, from 1614K in the week ending 12th Feb.

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 0.97x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 0.87x, 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 $0.9250 when the figure came out. Fifteen minutes later it was 0.32% higher, and an hour later 0.11% higher. Its high-to-low range in the hour after was 1.62% of its price, against 0.76% 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 16 March rate decision. Its own ratio of 0.97x 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

0.9360

0.8760

24h Change

-0.060 (-6.85%)

24h High

0.9390

24h Low

0.8620

24h Volume

127.586M ADA

US Continued Jobless Claims

Department of Labor

3rd March, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.926	0.926	0.924	0.924	-0.22%	0.22%	53,190 ADA
During	0.925	0.925	0.924	0.925	0.00%	0.11%	2,120 ADA

5 Minutes
Before	0.924	0.927	0.923	0.924	0.00%	0.43%	344,159 ADA
During	0.925	0.925	0.923	0.924	-0.11%	0.22%	146,694 ADA

10 Minutes
Before	0.923	0.927	0.922	0.924	0.11%	0.54%	502,215 ADA
During	0.925	0.929	0.923	0.927	0.22%	0.65%	512,196 ADA

15 Minutes
Before	0.924	0.927	0.922	0.924	0.00%	0.54%	733,650 ADA
During	0.925	0.929	0.923	0.928	0.32%	0.65%	930,622 ADA

30 Minutes
Before	0.922	0.927	0.92	0.924	0.22%	0.76%	1.762M ADA
During	0.925	0.931	0.923	0.93	0.54%	0.86%	2.112M ADA

1 Hour
Before	0.925	0.927	0.92	0.924	-0.11%	0.76%	3.899M ADA
During	0.925	0.938	0.923	0.926	0.11%	1.60%	6.313M ADA

2 Hours
Before	0.921	0.927	0.915	0.924	0.32%	1.29%	7.204M ADA
During	0.925	0.938	0.908	0.912	-1.43%	3.20%	14.337M ADA

4 Hours
Before	0.915	0.927	0.908	0.924	0.97%	2.05%	16.164M ADA
During	0.925	0.938	0.883	0.885	-4.52%	5.86%	35.238M ADA

6 Hours
Before	0.926	0.929	0.908	0.924	-0.22%	2.26%	21.51M ADA
During	0.925	0.938	0.883	0.902	-2.55%	5.86%	44.477M ADA

8 Hours
Before	0.936	0.939	0.907	0.914	-2.41%	3.41%	33.191M ADA
During	0.915	0.938	0.883	0.885	-3.39%	5.86%	51.402M ADA

12 Hours
Before	0.936	0.939	0.907	0.924	-1.30%	3.41%	49.355M ADA
During	0.925	0.938	0.862	0.876	-5.59%	8.10%	78.232M ADA