Data Analysis
The release
Released by the Bureau of Labor Statistics on 5 January 2024 at 8:30 AM EST. The economy added 269K jobs for December 2023, according to Non-Farm Payrolls, after a gain of 141K in November 2023.
It arrived at the same moment as Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Solana's volatility ratio was 1.07x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 1.26x, against a typical 4.45x. 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 Solana moved
Solana was at $100.79 when the figure came out. Fifteen minutes later it was 0.36% lower, and an hour later 1.31% lower. Its high-to-low range in the hour after was 2.18% of its price, against 1.21% in the hour before.
What made it matter
Since 2021, Non-Farm Payrolls releases in the two weeks before a Fed decision have moved Solana about as much as those at other times: a median volatility ratio of 2.72x across 21, against 2.81x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.07x compares with 2.81x for those, so it moved the price less than its circumstances would suggest.
About Non-Farm Payrolls
Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.
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.
SOL-USDT
Solana
Open
102.97Close
97.9524h Change
-5.02 (-5.13%)24h High
103.6824h Low
95.2324h Volume
6.551M SOLUS Non-Farm Payrolls
Bureau of Labor Statistics
5th January, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 100.75 | 100.84 | 100.74 | 100.80 | 0.05% | 0.10% | 1,293 SOL |
| During | 100.79 | 100.83 | 100.12 | 100.62 | -0.17% | 0.70% | 9,939 SOL |
| 5 Minutes | |||||||
| Before | 100.84 | 100.86 | 100.63 | 100.80 | -0.04% | 0.23% | 11,985 SOL |
| During | 100.79 | 101.04 | 100.12 | 100.69 | -0.10% | 0.91% | 27,751 SOL |
| 10 Minutes | |||||||
| Before | 101.19 | 101.32 | 100.63 | 100.80 | -0.39% | 0.68% | 23,124 SOL |
| During | 100.79 | 101.04 | 100.12 | 100.37 | -0.42% | 0.91% | 55,077 SOL |
| 15 Minutes | |||||||
| Before | 101.11 | 101.44 | 100.63 | 100.80 | -0.31% | 0.80% | 49,114 SOL |
| During | 100.79 | 101.04 | 100.12 | 100.43 | -0.36% | 0.91% | 70,905 SOL |
| 30 Minutes | |||||||
| Before | 100.60 | 101.44 | 100.45 | 100.80 | 0.20% | 0.98% | 111,001 SOL |
| During | 100.79 | 101.04 | 99.66 | 100.78 | -0.01% | 1.37% | 137,134 SOL |
| 1 Hour | |||||||
| Before | 100.34 | 101.44 | 100.22 | 100.80 | 0.46% | 1.20% | 237,662 SOL |
| During | 100.79 | 101.20 | 99.00 | 99.47 | -1.33% | 2.17% | 311,012 SOL |
| 2 Hours | |||||||
| Before | 100.60 | 101.44 | 98.62 | 100.80 | 0.20% | 2.78% | 556,395 SOL |
| During | 100.79 | 101.20 | 96.72 | 98.18 | -2.66% | 4.43% | 917,751 SOL |
| 4 Hours | |||||||
| Before | 101.91 | 102.78 | 98.62 | 100.80 | -1.10% | 4.05% | 1.229M SOL |
| During | 100.79 | 101.20 | 95.23 | 96.60 | -4.34% | 5.90% | 1.698M SOL |
| 6 Hours | |||||||
| Before | 101.70 | 103.17 | 98.62 | 100.80 | -0.89% | 4.41% | 1.623M SOL |
| During | 100.79 | 101.20 | 95.23 | 97.77 | -3.09% | 5.90% | 2.126M SOL |
| 8 Hours | |||||||
| Before | 102.97 | 103.68 | 98.50 | 101.91 | -1.04% | 5.00% | 2.128M SOL |
| During | 101.91 | 102.78 | 95.23 | 96.60 | -5.50% | 7.35% | 2.926M SOL |
| 12 Hours | |||||||
| Before | 102.97 | 103.68 | 98.50 | 100.80 | -2.15% | 5.00% | 3.357M SOL |
| During | 100.79 | 101.20 | 95.23 | 97.95 | -2.90% | 5.90% | 3.194M SOL |
