Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 2.03x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 3.60x, against a typical 1.63x. That is a strong reaction by this release's own standard. 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 $1.1500 when the figure came out. Fifteen minutes later it was 1.74% higher, and an hour later 1.74% higher. Its high-to-low range in the hour after was 2.61% of its price, against 1.74% in the hour before.
The release
Released by the Department of Labor on 22 July 2021 at 8:30 AM EDT. Continued Jobless Claims rose to 3142K for the week ending 10th Jul, from 3069K in the week ending 3rd Jul.
It arrived at the same moment as Initial Jobless Claims, so the reaction measured on this page belongs to all of them together.
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 28 July rate decision. Its own ratio of 2.03x compares with 1.33x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 299 Continued Claims releases since 2021, Cardano's median volatility ratio is 1.35x.
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
1.2000Close
1.180024h Change
-0.02 (-1.69%)24h High
1.210024h Low
1.150024h Volume
154.454M ADAUS Continued Jobless Claims
Department of Labor
22nd July, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.15 | 1.15 | 1.15 | 1.15 | 0.00% | 0.00% | 182,495 ADA |
| During | 1.15 | 1.15 | 1.15 | 1.15 | 0.00% | 0.00% | 223,170 ADA |
| 5 Minutes | |||||||
| Before | 1.16 | 1.16 | 1.15 | 1.15 | -0.87% | 0.86% | 2.475M ADA |
| During | 1.15 | 1.16 | 1.15 | 1.16 | 0.86% | 0.86% | 1.07M ADA |
| 10 Minutes | |||||||
| Before | 1.16 | 1.16 | 1.15 | 1.15 | -0.87% | 0.86% | 3.23M ADA |
| During | 1.15 | 1.17 | 1.15 | 1.17 | 1.71% | 1.71% | 2.897M ADA |
| 15 Minutes | |||||||
| Before | 1.16 | 1.16 | 1.15 | 1.15 | -0.87% | 0.86% | 3.829M ADA |
| During | 1.15 | 1.17 | 1.15 | 1.17 | 1.71% | 1.71% | 4.626M ADA |
| 30 Minutes | |||||||
| Before | 1.17 | 1.17 | 1.15 | 1.15 | -1.74% | 1.71% | 4.667M ADA |
| During | 1.15 | 1.18 | 1.15 | 1.17 | 1.71% | 2.54% | 7.96M ADA |
| 1 Hour | |||||||
| Before | 1.17 | 1.17 | 1.15 | 1.15 | -1.74% | 1.71% | 6.692M ADA |
| During | 1.15 | 1.18 | 1.15 | 1.17 | 1.71% | 2.54% | 11.778M ADA |
| 2 Hours | |||||||
| Before | 1.16 | 1.18 | 1.15 | 1.15 | -0.87% | 2.54% | 12.357M ADA |
| During | 1.15 | 1.18 | 1.15 | 1.18 | 2.54% | 2.54% | 17.051M ADA |
| 4 Hours | |||||||
| Before | 1.19 | 1.19 | 1.15 | 1.15 | -3.48% | 3.36% | 28.066M ADA |
| During | 1.15 | 1.21 | 1.15 | 1.19 | 3.36% | 4.96% | 38.728M ADA |
| 6 Hours | |||||||
| Before | 1.16 | 1.19 | 1.15 | 1.15 | -0.87% | 3.36% | 45.617M ADA |
| During | 1.15 | 1.21 | 1.15 | 1.19 | 3.36% | 4.96% | 50.521M ADA |
| 8 Hours | |||||||
| Before | 1.20 | 1.20 | 1.15 | 1.19 | -0.84% | 4.17% | 51.56M ADA |
| During | 1.19 | 1.21 | 1.15 | 1.19 | 0.00% | 4.96% | 66.794M ADA |
| 12 Hours | |||||||
| Before | 1.20 | 1.20 | 1.15 | 1.15 | -4.35% | 4.17% | 79.626M ADA |
| During | 1.15 | 1.21 | 1.15 | 1.18 | 2.54% | 4.96% | 74.828M ADA |
