SOL Volatility Analysis for Non-Farm Payrolls, 2nd July 2021

Data Analysis

The release

Released by the Bureau of Labor Statistics on 2 July 2021 at 8:30 AM EDT. The economy added 796K jobs for June 2021, according to Non-Farm Payrolls, after a gain of 421K in May 2021.

It arrived at the same moment as International Trade Balance in Goods and Services, International Imports in Goods and Services, International Exports in Goods and Services, 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 1.31x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 1.04x, 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 $31.83 when the figure came out. Fifteen minutes later it was 0.85% higher, and an hour later 1.63% higher. Its high-to-low range in the hour after was 2.86% of its price, against 1.45% 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 1.31x 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

33.76

33.88

24h Change

0.12 (0.35%)

24h High

34.31

24h Low

31.37

24h Volume

4.325M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

2nd July, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	31.87	31.87	31.81	31.85	-0.06%	0.19%	285 SOL
During	31.83	31.88	31.78	31.88	0.16%	0.31%	1,848 SOL

5 Minutes
Before	31.89	31.96	31.79	31.85	-0.13%	0.53%	6,882 SOL
During	31.83	32.16	31.78	32.04	0.66%	1.18%	22,454 SOL

10 Minutes
Before	31.99	32.14	31.79	31.85	-0.44%	1.09%	76,144 SOL
During	31.83	32.16	31.78	31.98	0.47%	1.18%	33,615 SOL

15 Minutes
Before	31.76	32.14	31.73	31.85	0.28%	1.28%	89,210 SOL
During	31.83	32.16	31.78	32.10	0.84%	1.18%	43,726 SOL

30 Minutes
Before	31.89	32.14	31.73	31.85	-0.13%	1.28%	108,063 SOL
During	31.83	32.26	31.78	32.13	0.93%	1.49%	94,745 SOL

1 Hour
Before	32.04	32.14	31.68	31.85	-0.60%	1.43%	179,080 SOL
During	31.83	32.69	31.78	32.35	1.61%	2.78%	225,007 SOL

2 Hours
Before	31.94	32.27	31.68	31.85	-0.28%	1.83%	298,846 SOL
During	31.83	32.69	31.78	32.36	1.64%	2.78%	364,563 SOL

4 Hours
Before	32.35	32.44	31.49	31.85	-1.57%	2.93%	573,583 SOL
During	31.83	33.01	31.78	32.79	2.93%	3.73%	845,792 SOL

6 Hours
Before	31.72	32.75	31.49	31.85	0.41%	3.85%	1.068M SOL
During	31.83	33.20	31.78	32.83	3.05%	4.28%	1.171M SOL

8 Hours
Before	33.76	34.02	31.37	32.33	-4.42%	7.79%	1.727M SOL
During	32.35	33.01	31.49	32.79	1.34%	4.60%	1.419M SOL

12 Hours
Before	33.76	34.02	31.37	31.85	-6.00%	7.79%	2.301M SOL
During	31.83	34.31	31.78	33.88	6.05%	7.37%	2.024M SOL