ADA Volatility Analysis for Continued Claims, 16th September 2021

Data Analysis

The release

Released by the Department of Labor on 16 September 2021 at 8:30 AM EDT. Continued Jobless Claims rose to 2756K for the week ending 4th Sep, from 2611K in the week ending 28th Aug.

It arrived at the same moment as Retail Sales, Retail Sales Excluding Automobiles 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 0.50x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.20x, 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 $2.4700 when the figure came out. Fifteen minutes later it was 0.4% higher, and an hour later 0.4% lower. Its high-to-low range in the hour after was 0.81% of its price, against 0.81% 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 6 days before the Federal Reserve's 22 September rate decision. Its own ratio of 0.50x 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

2.4800

2.4100

24h Change

-0.07 (-2.90%)

24h High

2.5600

24h Low

2.3800

24h Volume

194.664M ADA

US Continued Jobless Claims

Department of Labor

16th September, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	2.47	2.47	2.47	2.47	0.00%	0.00%	99,602 ADA
During	2.47	2.47	2.47	2.47	0.00%	0.00%	85,093 ADA

5 Minutes
Before	2.47	2.47	2.47	2.47	0.00%	0.00%	366,771 ADA
During	2.47	2.48	2.47	2.47	0.00%	0.40%	469,854 ADA

10 Minutes
Before	2.47	2.48	2.47	2.47	0.00%	0.40%	940,286 ADA
During	2.47	2.48	2.47	2.48	0.40%	0.40%	1.156M ADA

15 Minutes
Before	2.46	2.48	2.46	2.47	0.40%	0.81%	1.453M ADA
During	2.47	2.48	2.47	2.48	0.40%	0.40%	1.674M ADA

30 Minutes
Before	2.47	2.48	2.46	2.47	0.00%	0.81%	3.61M ADA
During	2.47	2.48	2.47	2.47	0.00%	0.40%	2.487M ADA

1 Hour
Before	2.48	2.48	2.46	2.47	-0.40%	0.81%	5.719M ADA
During	2.47	2.48	2.46	2.46	-0.41%	0.81%	7.142M ADA

2 Hours
Before	2.47	2.48	2.46	2.47	0.00%	0.81%	12.525M ADA
During	2.47	2.48	2.39	2.42	-2.07%	3.63%	31.283M ADA

4 Hours
Before	2.46	2.56	2.46	2.47	0.40%	3.91%	35.758M ADA
During	2.47	2.48	2.39	2.44	-1.23%	3.63%	52.535M ADA

6 Hours
Before	2.48	2.56	2.45	2.47	-0.40%	4.30%	50.719M ADA
During	2.47	2.48	2.39	2.40	-2.92%	3.63%	72.519M ADA

8 Hours
Before	2.48	2.52	2.42	2.46	-0.81%	3.97%	59.546M ADA
During	2.46	2.56	2.39	2.44	-0.82%	6.64%	88.293M ADA

12 Hours
Before	2.48	2.56	2.42	2.47	-0.40%	5.47%	95.304M ADA
During	2.47	2.48	2.38	2.41	-2.49%	4.03%	99.359M ADA