Data Analysis
Measured by Clometrix
Chainlink's volatility ratio was 2.08x, against 1.43x for a typical Initial Claims release since 2021. Its volume ratio was 1.66x, 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 Chainlink moved
Chainlink was at $6.02 when the figure came out. Fifteen minutes later it was 0.66% higher, and an hour later 0.33% higher. Its high-to-low range in the hour after was 1.5% of its price, against 0.83% in the hour before.
The release
Released by the Department of Labor on 14 July 2022 at 8:30 AM EDT. Initial Jobless Claims fell to 212K for the week ending 9th Jul, from 215K in the week ending 2nd Jul.
It arrived at the same moment as Producer Price Index, Core Producer Price Index and 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 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 13 days before the Federal Reserve's 27 July rate decision. Its own ratio of 2.08x compares with 1.45x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 301 Initial Claims releases since 2021, Chainlink's median volatility ratio is 1.43x.
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
6.16Close
6.2424h Change
0.08 (1.28%)24h High
6.3924h Low
5.9924h Volume
6.97M LINKUS Initial Jobless Claims
Department of Labor
14th July, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 6.02 | 6.02 | 6.01 | 6.02 | 0.00% | 0.17% | 1,784 LINK |
| During | 6.02 | 6.03 | 5.99 | 6.01 | -0.17% | 0.66% | 28,219 LINK |
| 5 Minutes | |||||||
| Before | 6.02 | 6.02 | 6.00 | 6.02 | 0.00% | 0.33% | 21,215 LINK |
| During | 6.02 | 6.06 | 5.99 | 6.05 | 0.50% | 1.16% | 46,966 LINK |
| 10 Minutes | |||||||
| Before | 6.03 | 6.04 | 6.00 | 6.02 | -0.17% | 0.66% | 33,002 LINK |
| During | 6.02 | 6.07 | 5.99 | 6.06 | 0.66% | 1.32% | 84,495 LINK |
| 15 Minutes | |||||||
| Before | 6.04 | 6.05 | 6.00 | 6.02 | -0.33% | 0.83% | 48,542 LINK |
| During | 6.02 | 6.07 | 5.99 | 6.06 | 0.66% | 1.32% | 96,692 LINK |
| 30 Minutes | |||||||
| Before | 6.03 | 6.05 | 6.00 | 6.02 | -0.17% | 0.83% | 80,611 LINK |
| During | 6.02 | 6.07 | 5.99 | 6.05 | 0.50% | 1.32% | 125,351 LINK |
| 1 Hour | |||||||
| Before | 6.03 | 6.05 | 6.00 | 6.02 | -0.17% | 0.83% | 176,103 LINK |
| During | 6.02 | 6.08 | 5.99 | 6.04 | 0.33% | 1.48% | 180,415 LINK |
| 2 Hours | |||||||
| Before | 6.07 | 6.10 | 6.00 | 6.02 | -0.83% | 1.64% | 345,661 LINK |
| During | 6.02 | 6.08 | 5.99 | 6.04 | 0.33% | 1.48% | 390,682 LINK |
| 4 Hours | |||||||
| Before | 6.14 | 6.14 | 6.00 | 6.02 | -1.99% | 2.28% | 834,147 LINK |
| During | 6.02 | 6.25 | 5.99 | 6.21 | 3.06% | 4.16% | 1.045M LINK |
| 6 Hours | |||||||
| Before | 6.15 | 6.18 | 6.00 | 6.02 | -2.16% | 2.91% | 1.45M LINK |
| During | 6.02 | 6.38 | 5.99 | 6.37 | 5.49% | 6.11% | 1.998M LINK |
| 8 Hours | |||||||
| Before | 6.16 | 6.29 | 6.11 | 6.14 | -0.33% | 2.86% | 2.303M LINK |
| During | 6.14 | 6.25 | 5.99 | 6.21 | 1.13% | 4.16% | 1.879M LINK |
| 12 Hours | |||||||
| Before | 6.16 | 6.29 | 6.00 | 6.02 | -2.33% | 4.61% | 3.137M LINK |
| During | 6.02 | 6.39 | 5.99 | 6.24 | 3.53% | 6.26% | 3.833M LINK |
