How TRON reacted to Initial Jobless Claims on 22 July 2021

Measured by Clometrix

TRON's volatility ratio was 3.06x, against 1.33x for a typical Initial Claims release since 2021. Its volume ratio was 2.46x, against a typical 1.53x. That is more than twice what this release usually does. 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 TRON moved

TRON was at $0.0535 when the figure came out. Fifteen minutes later it was 1.23% higher, and an hour later 1.66% higher. Its high-to-low range in the hour after was 2.15% of its price, against 1.44% in the hour before.

The release

Released by the Department of Labor on 22 July 2021 at 8:30 AM EDT. Initial Jobless Claims rose to 387K for the week ending 17th Jul, from 332K in the week ending 10th Jul.

It arrived at the same moment as Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Initial Claims releases in the two weeks before a Fed decision have moved TRON about as much as those at other times: a median volatility ratio of 1.36x across 92, against 1.33x across 204. This one came out 6 days before the Federal Reserve's 28 July rate decision. Its own ratio of 3.06x compares with 1.36x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 296 Initial Claims releases since 2021, TRON's median volatility ratio is 1.33x.

How it compares

Across 296 Initial Claims releases since 2021, TRON's usual price swing is 1.33x. This one was 2.30 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Initial Claims's usual, 1.33x. Thick line: this release, 3.06x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After	High	Low	Close	Change	Range	Range before	Volume
1 minute	0.05358	0.05348	0.05354	0.09%	0.19%	0.09%	337,454 TRX
5 minutes	0.05382	0.05348	0.05381	0.59%	0.63%	0.91%	1.914M TRX
10 minutes	0.05416	0.05348	0.05413	1.18%	1.26%	1.11%	8.865M TRX
15 minutes	0.05424	0.05348	0.05415	1.22%	1.40%	1.11%	14.872M TRX
30 minutes	0.05449	0.05348	0.05439	1.65%	1.85%	1.40%	27.637M TRX
1 hour	0.05463	0.05348	0.05438	1.64%	2.11%	1.42%	43.624M TRX
2 hours	0.05469	0.05348	0.0545	1.85%	2.21%	1.42%	80.393M TRX
4 hours	0.05528	0.05348	0.05467	2.16%	3.26%	2.09%	153.952M TRX
6 hours	0.05536	0.05348	0.05508	2.89%	3.40%	2.13%	202.076M TRX
8 hours	0.05528	0.0534	0.05467	0.27%	3.40%	2.95%	265.394M TRX
12 hours	0.05555	0.05348	0.05524	3.17%	3.73%	2.95%	339.572M TRX

Every coin at this release

Coin	Price swing	Usual for Initial Claims	Reaction
Bitcoin	3.49x	1.52x	Exceptional
Ethereum	3.43x	1.47x	Exceptional
XRP	2.88x	1.18x	Exceptional
BNB	2.09x	1.42x	Strong
Solana	1.99x	1.39x	Strong
Dogecoin	2.45x	1.39x	Strong
TRON	3.06x	1.33x	Exceptional
Cardano	2.03x	1.35x	Strong
Chainlink	2.85x	1.43x	Strong
Bitcoin Cash	3.86x	1.34x	Exceptional
Hedera	2.32x	1.32x	Strong
Avalanche	2.35x	1.42x	Strong
Litecoin	3.29x	1.38x	Exceptional
Shiba Inu	1.83x	1.34x	Strong
Uniswap	2.54x	1.35x	Strong
Polkadot	2.67x	1.31x	Exceptional
Aave	2.10x	1.38x	Strong
NEAR Protocol	2.16x	1.24x	Strong
Internet Computer	1.63x	1.46x	Ordinary
POL (prev. MATIC)	2.51x	1.42x	Strong
Filecoin	3.17x	1.27x	Exceptional

What is Initial Jobless Claims?

The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Initial claims are new jobless claims filed by U.S. workers seeking unemployment compensation, included in the unemployment insurance weekly claims report. The report, published since 1967, includes a separate count of workers receiving unemployment insurance benefits, known as continuing claims.

Every Initial Claims release for TRON

Questions about this page

Is 3.06x a lot?

For an Initial Claims release it is exceptional: the usual is 1.33x. Each report has its own usual size, and its releases show it.

Will the next Initial Claims do the same?

Nobody can say. A forecast shows the range TRON moved in after past Initial Claims releases, so you can plan for the likely size of the move.

Do weekly jobless claims move crypto?

Weekly jobless claims have a median Bitcoin price swing of 1.52x since 2021, which places Initial Claims and Continued Claims in Tier 3. They are released at 8:30 a.m. ET. When a claims release falls on the same minute as a bigger report, such as CPI, the reaction belongs to both. Clometrix measures 296 claims releases in the record since 2021.

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.