SOL Volatility Analysis for Non-Farm Payrolls, 3rd June 2022

Data Analysis

The release

Released by the Bureau of Labor Statistics on 3 June 2022 at 8:30 AM EDT. The economy added 241K jobs for May 2022, according to Non-Farm Payrolls, after a gain of 305K in April 2022.

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.

How Solana moved

Solana was at $38.31 when the figure came out. Fifteen minutes later it was 0.31% lower, and an hour later 1.2% lower. Its high-to-low range in the hour after was 2.82% of its price, against 2.32% in the hour before.

Measured by Clometrix

Solana's volatility ratio was 2.65x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 4.28x, against a typical 4.45x. 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, 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 came out 12 days before the Federal Reserve's 15 June rate decision. Its own ratio of 2.65x compares with 2.72x for those, about what its circumstances would suggest.

Its record

Across 70 Non-Farm Payrolls releases since 2021, Solana's median volatility ratio is 2.77x.

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

40.80

38.25

24h Change

-2.55 (-6.67%)

24h High

41.54

24h Low

37.63

24h Volume

4.41M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

3rd June, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	38.13	38.32	38.10	38.31	0.47%	0.57%	7,167 SOL
During	38.31	38.71	38.20	38.61	0.78%	1.32%	35,008 SOL

5 Minutes
Before	38.25	38.32	38.10	38.31	0.16%	0.57%	16,491 SOL
During	38.31	38.71	38.20	38.54	0.60%	1.32%	82,757 SOL

10 Minutes
Before	38.27	38.32	38.10	38.31	0.10%	0.57%	33,337 SOL
During	38.31	38.71	37.92	38.13	-0.47%	2.04%	143,740 SOL

15 Minutes
Before	38.43	38.50	38.10	38.31	-0.31%	1.04%	47,241 SOL
During	38.31	38.71	37.92	38.19	-0.31%	2.04%	173,440 SOL

30 Minutes
Before	38.26	38.50	38.10	38.31	0.13%	1.04%	98,066 SOL
During	38.31	38.71	37.63	37.87	-1.16%	2.79%	270,904 SOL

1 Hour
Before	38.24	38.99	38.10	38.31	0.18%	2.28%	275,278 SOL
During	38.31	38.71	37.63	37.85	-1.22%	2.79%	439,037 SOL

2 Hours
Before	38.79	38.99	37.93	38.31	-1.25%	2.72%	632,829 SOL
During	38.31	38.71	37.63	38.02	-0.76%	2.79%	746,548 SOL

4 Hours
Before	40.12	40.23	37.93	38.31	-4.72%	5.72%	1.266M SOL
During	38.31	38.71	37.63	38.02	-0.76%	2.79%	1.1M SOL

6 Hours
Before	40.82	40.98	37.93	38.31	-6.55%	7.44%	1.531M SOL
During	38.31	38.71	37.63	38.05	-0.68%	2.79%	1.495M SOL

8 Hours
Before	40.80	41.54	40.03	40.12	-1.69%	3.64%	907,525 SOL
During	40.12	40.23	37.63	38.02	-5.52%	6.46%	2.366M SOL

12 Hours
Before	40.80	41.54	37.93	38.31	-6.50%	8.69%	2.173M SOL
During	38.31	38.97	37.63	38.25	-0.16%	3.44%	2.237M SOL