Data Analysis
The release
Released by the Department of Labor on 29 April 2021 at 8:30 AM EDT. Initial Jobless Claims rose to 574K for the week ending 24th Apr, from 566K in the week ending 17th Apr.
It arrived at the same moment as Gross Domestic Product Report and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How Chainlink moved
Chainlink was at $37.26 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 1.18% lower. Its high-to-low range in the hour after was 2.01% of its price, against 1.74% in the hour before.
Measured by Clometrix
Chainlink's volatility ratio was 1.54x, against 1.43x for a typical Initial Claims release since 2021. Its volume ratio was 2.21x, against a typical 1.63x. That is about 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.
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 the day after the Federal Reserve's 28 April rate decision. Its own ratio of 1.54x compares with 1.38x for those, about what its circumstances 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
35.82Close
36.1824h Change
0.36 (1.00%)24h High
37.4524h Low
35.0024h Volume
5.099M LINKUS Initial Jobless Claims
Department of Labor
29th April, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 37.20 | 37.28 | 37.20 | 37.26 | 0.16% | 0.21% | 7,443 LINK |
| During | 37.26 | 37.29 | 37.12 | 37.15 | -0.30% | 0.46% | 9,568 LINK |
| 5 Minutes | |||||||
| Before | 37.04 | 37.28 | 37.03 | 37.26 | 0.59% | 0.67% | 36,745 LINK |
| During | 37.26 | 37.29 | 36.98 | 37.06 | -0.54% | 0.83% | 37,457 LINK |
| 10 Minutes | |||||||
| Before | 36.94 | 37.28 | 36.91 | 37.26 | 0.86% | 0.99% | 59,931 LINK |
| During | 37.26 | 37.37 | 36.98 | 37.36 | 0.27% | 1.04% | 64,349 LINK |
| 15 Minutes | |||||||
| Before | 36.93 | 37.28 | 36.90 | 37.26 | 0.89% | 1.02% | 81,582 LINK |
| During | 37.26 | 37.45 | 36.98 | 37.25 | -0.03% | 1.26% | 106,417 LINK |
| 30 Minutes | |||||||
| Before | 36.85 | 37.28 | 36.73 | 37.26 | 1.10% | 1.48% | 131,746 LINK |
| During | 37.26 | 37.45 | 36.98 | 37.19 | -0.19% | 1.26% | 191,071 LINK |
| 1 Hour | |||||||
| Before | 36.89 | 37.28 | 36.63 | 37.26 | 0.99% | 1.74% | 266,422 LINK |
| During | 37.26 | 37.45 | 36.70 | 36.82 | -1.20% | 2.00% | 377,021 LINK |
| 2 Hours | |||||||
| Before | 36.48 | 37.28 | 36.43 | 37.26 | 2.09% | 2.28% | 598,269 LINK |
| During | 37.26 | 37.45 | 36.23 | 36.48 | -2.14% | 3.26% | 702,362 LINK |
| 4 Hours | |||||||
| Before | 35.80 | 37.28 | 35.59 | 37.26 | 3.92% | 4.53% | 991,887 LINK |
| During | 37.26 | 37.45 | 36.10 | 36.26 | -2.76% | 3.60% | 1.222M LINK |
| 6 Hours | |||||||
| Before | 35.59 | 37.28 | 35.52 | 37.26 | 4.48% | 4.72% | 1.274M LINK |
| During | 37.26 | 37.45 | 35.00 | 35.31 | -5.52% | 6.54% | 1.905M LINK |
| 8 Hours | |||||||
| Before | 35.82 | 36.26 | 35.00 | 35.79 | -0.08% | 3.47% | 1.206M LINK |
| During | 35.80 | 37.45 | 35.59 | 36.26 | 1.27% | 4.97% | 2.214M LINK |
| 12 Hours | |||||||
| Before | 35.82 | 37.28 | 35.00 | 37.26 | 3.86% | 6.12% | 2.198M LINK |
| During | 37.26 | 37.45 | 35.00 | 36.18 | -2.99% | 6.54% | 2.901M LINK |
