Data Analysis
The release
Released by the Department of Labor on 22 April 2021 at 8:30 AM EDT. Initial Jobless Claims fell to 566K for the week ending 17th Apr, from 571K in the week ending 10th Apr.
It arrived at the same moment as Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Chainlink's volatility ratio was 1.22x, against 1.43x for a typical Initial Claims release since 2021. Its volume ratio was 1.96x, 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 Chainlink moved
Chainlink was at $39.46 when the figure came out. Fifteen minutes later it was 0.86% lower, and an hour later 0.79% lower. Its high-to-low range in the hour after was 2.69% of its price, against 3.73% in the hour before.
What made it matter
Since 2021, Initial Claims releases in the two weeks before a Fed decision have moved Chainlink about as much as those at other times: a median volatility ratio of 1.45x across 93, against 1.38x across 208. This one came out 6 days before the Federal Reserve's 28 April rate decision. Its own ratio of 1.22x compares with 1.45x for those, so it moved the price less than its circumstances would suggest.
About 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.
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.
LINK-USDT
Chainlink
Open
36.41Close
35.8524h Change
-0.56 (-1.56%)24h High
40.8224h Low
33.7924h Volume
14.144M LINKUS Initial Jobless Claims
Department of Labor
22nd April, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 39.27 | 39.47 | 39.27 | 39.46 | 0.48% | 0.51% | 23,622 LINK |
| During | 39.46 | 39.47 | 39.19 | 39.20 | -0.66% | 0.71% | 24,343 LINK |
| 5 Minutes | |||||||
| Before | 38.93 | 39.47 | 38.83 | 39.46 | 1.34% | 1.62% | 68,001 LINK |
| During | 39.46 | 39.47 | 39.04 | 39.21 | -0.64% | 1.09% | 88,524 LINK |
| 10 Minutes | |||||||
| Before | 39.03 | 39.47 | 38.79 | 39.46 | 1.09% | 1.72% | 114,092 LINK |
| During | 39.46 | 39.47 | 38.84 | 39.00 | -1.18% | 1.60% | 181,182 LINK |
| 15 Minutes | |||||||
| Before | 39.01 | 39.47 | 38.79 | 39.46 | 1.14% | 1.72% | 196,554 LINK |
| During | 39.46 | 39.47 | 38.81 | 39.12 | -0.87% | 1.67% | 240,489 LINK |
| 30 Minutes | |||||||
| Before | 38.32 | 39.47 | 38.32 | 39.46 | 2.89% | 2.91% | 530,483 LINK |
| During | 39.46 | 39.47 | 38.70 | 38.84 | -1.60% | 1.95% | 384,528 LINK |
| 1 Hour | |||||||
| Before | 38.03 | 39.47 | 38.00 | 39.46 | 3.62% | 3.72% | 835,716 LINK |
| During | 39.46 | 39.47 | 38.41 | 39.15 | -0.79% | 2.69% | 604,868 LINK |
| 2 Hours | |||||||
| Before | 37.06 | 39.47 | 36.85 | 39.46 | 6.08% | 6.64% | 1.417M LINK |
| During | 39.46 | 40.30 | 38.41 | 40.15 | 1.72% | 4.69% | 1.354M LINK |
| 4 Hours | |||||||
| Before | 36.09 | 39.47 | 35.85 | 39.46 | 8.54% | 9.17% | 2.192M LINK |
| During | 39.46 | 40.82 | 38.41 | 40.04 | 1.45% | 5.90% | 2.551M LINK |
| 6 Hours | |||||||
| Before | 37.47 | 39.47 | 35.85 | 39.46 | 5.04% | 9.17% | 2.721M LINK |
| During | 39.46 | 40.82 | 37.97 | 38.70 | -1.96% | 6.98% | 3.942M LINK |
| 8 Hours | |||||||
| Before | 36.41 | 37.60 | 35.59 | 36.10 | -0.86% | 5.35% | 3.154M LINK |
| During | 36.09 | 40.82 | 35.85 | 40.04 | 9.87% | 12.18% | 4.743M LINK |
| 12 Hours | |||||||
| Before | 36.41 | 39.47 | 35.59 | 39.46 | 7.73% | 9.83% | 5.346M LINK |
| During | 39.46 | 40.82 | 33.79 | 35.85 | -10.07% | 17.22% | 8.798M LINK |
