Data Analysis
The release
Released by the Department of Labor on 10 June 2021 at 8:30 AM EDT. Continued Jobless Claims fell to 3350K for the week ending 29th May, from 3422K in the week ending 22nd May.
It arrived at the same moment as Consumer Price Index, Core Consumer Price Index, Core Inflation Rate 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 0.99x, 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 $1.5600 when the figure came out. Fifteen minutes later it was unchanged, and an hour later unchanged. Its high-to-low range in the hour after was 1.92% of its price, against 1.92% 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 16 June rate decision. Its own ratio of 0.99x 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
1.6100Close
1.520024h Change
-0.09 (-5.92%)24h High
1.620024h Low
1.510024h Volume
311.86M ADAUS Continued Jobless Claims
Department of Labor
10th June, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.56 | 1.56 | 1.56 | 1.56 | 0.00% | 0.00% | 186,499 ADA |
| During | 1.56 | 1.56 | 1.56 | 1.56 | 0.00% | 0.00% | 298,399 ADA |
| 5 Minutes | |||||||
| Before | 1.56 | 1.56 | 1.55 | 1.56 | 0.00% | 0.64% | 1.436M ADA |
| During | 1.56 | 1.57 | 1.56 | 1.56 | 0.00% | 0.64% | 1.234M ADA |
| 10 Minutes | |||||||
| Before | 1.56 | 1.56 | 1.55 | 1.56 | 0.00% | 0.64% | 2.498M ADA |
| During | 1.56 | 1.57 | 1.56 | 1.56 | 0.00% | 0.64% | 1.938M ADA |
| 15 Minutes | |||||||
| Before | 1.57 | 1.57 | 1.55 | 1.56 | -0.64% | 1.27% | 3.455M ADA |
| During | 1.56 | 1.57 | 1.56 | 1.56 | 0.00% | 0.64% | 2.51M ADA |
| 30 Minutes | |||||||
| Before | 1.57 | 1.58 | 1.55 | 1.56 | -0.64% | 1.90% | 6.876M ADA |
| During | 1.56 | 1.58 | 1.56 | 1.57 | 0.64% | 1.27% | 5.827M ADA |
| 1 Hour | |||||||
| Before | 1.58 | 1.58 | 1.55 | 1.56 | -1.28% | 1.90% | 13.235M ADA |
| During | 1.56 | 1.58 | 1.55 | 1.56 | 0.00% | 1.90% | 10.398M ADA |
| 2 Hours | |||||||
| Before | 1.59 | 1.59 | 1.55 | 1.56 | -1.92% | 2.52% | 27.711M ADA |
| During | 1.56 | 1.58 | 1.55 | 1.55 | -0.65% | 1.90% | 25.778M ADA |
| 4 Hours | |||||||
| Before | 1.57 | 1.60 | 1.54 | 1.56 | -0.64% | 3.75% | 74.085M ADA |
| During | 1.56 | 1.58 | 1.53 | 1.53 | -1.96% | 3.16% | 56.931M ADA |
| 6 Hours | |||||||
| Before | 1.57 | 1.60 | 1.54 | 1.56 | -0.64% | 3.75% | 95.586M ADA |
| During | 1.56 | 1.58 | 1.51 | 1.54 | -1.30% | 4.43% | 82.919M ADA |
| 8 Hours | |||||||
| Before | 1.61 | 1.62 | 1.56 | 1.57 | -2.55% | 3.70% | 82.947M ADA |
| During | 1.57 | 1.60 | 1.53 | 1.53 | -2.61% | 4.38% | 131.015M ADA |
| 12 Hours | |||||||
| Before | 1.61 | 1.62 | 1.54 | 1.56 | -3.21% | 4.94% | 157.031M ADA |
| During | 1.56 | 1.58 | 1.51 | 1.52 | -2.63% | 4.43% | 154.828M ADA |
