SOL Volatility Analysis for Non-Farm Payrolls, 2nd October 2020

Data Analysis

The release

Released by the Bureau of Labor Statistics on 2 October 2020 at 8:30 AM EDT. The economy added 951K jobs for September 2020, according to Non-Farm Payrolls, after a gain of 2M in August 2020.

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 $2.52 when the figure came out. Fifteen minutes later it was 0.79% lower, and an hour later 2.78% lower. Its high-to-low range in the hour after was 3.57% of its price, against 3.17% in the hour before.

Measured by Clometrix

Solana's volatility ratio was 1.54x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 1.19x, against a typical 4.45x. That is a muted 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.

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 1.54x compares with 2.81x for those, so it moved the price less than 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

2.83

2.62

24h Change

-0.21 (-8.02%)

24h High

2.89

24h Low

2.42

24h Volume

2.791M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

2nd October, 2020, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	2.51	2.53	2.51	2.52	0.40%	0.79%	4,945 SOL
During	2.52	2.53	2.51	2.51	-0.40%	0.79%	3,614 SOL

5 Minutes
Before	2.51	2.53	2.51	2.52	0.40%	0.79%	9,110 SOL
During	2.52	2.53	2.51	2.51	-0.40%	0.79%	6,187 SOL

10 Minutes
Before	2.53	2.53	2.51	2.52	-0.40%	0.79%	13,674 SOL
During	2.52	2.53	2.50	2.51	-0.40%	1.19%	11,679 SOL

15 Minutes
Before	2.50	2.54	2.50	2.52	0.79%	1.57%	41,343 SOL
During	2.52	2.53	2.50	2.50	-0.80%	1.19%	16,795 SOL

30 Minutes
Before	2.47	2.54	2.46	2.52	1.98%	3.15%	62,683 SOL
During	2.52	2.53	2.50	2.53	0.40%	1.19%	27,274 SOL

1 Hour
Before	2.47	2.54	2.46	2.52	1.98%	3.15%	116,565 SOL
During	2.52	2.54	2.45	2.45	-2.86%	3.54%	107,936 SOL

2 Hours
Before	2.46	2.54	2.44	2.52	2.38%	3.94%	320,994 SOL
During	2.52	2.66	2.45	2.64	4.55%	7.89%	369,945 SOL

4 Hours
Before	2.67	2.67	2.42	2.52	-5.95%	9.36%	999,653 SOL
During	2.52	2.66	2.45	2.63	4.18%	7.89%	545,257 SOL

6 Hours
Before	2.65	2.68	2.42	2.52	-5.16%	9.70%	1.236M SOL
During	2.52	2.67	2.45	2.65	4.91%	8.24%	603,607 SOL

8 Hours
Before	2.83	2.89	2.63	2.66	-6.39%	9.00%	962,918 SOL
During	2.67	2.67	2.42	2.63	-1.52%	9.36%	1.545M SOL

12 Hours
Before	2.83	2.89	2.42	2.52	-12.30%	16.26%	1.963M SOL
During	2.52	2.67	2.45	2.62	3.82%	8.24%	828,713 SOL