SOL Volatility Analysis for Non-Farm Payrolls, 7th May 2021

Data Analysis

The release

Released by the Bureau of Labor Statistics on 7 May 2021 at 8:30 AM EDT. The economy added 365K jobs for April 2021, according to Non-Farm Payrolls, after a gain of 824K in March 2021.

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 0.94x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 1.46x, 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 $42.68 when the figure came out. Fifteen minutes later it was 0.84% higher, and an hour later 0.4% higher. Its high-to-low range in the hour after was 1.01% of its price, against 1.17% 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 0.94x 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

43.64

42.83

24h Change

-0.81 (-1.89%)

24h High

46.24

24h Low

41.42

24h Volume

3.257M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

7th May, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	42.68	42.70	42.66	42.68	0.00%	0.09%	764 SOL
During	42.68	42.75	42.68	42.74	0.14%	0.16%	675 SOL

5 Minutes
Before	42.66	42.70	42.61	42.68	0.05%	0.21%	3,439 SOL
During	42.68	42.96	42.68	42.94	0.61%	0.65%	5,586 SOL

10 Minutes
Before	42.74	42.79	42.61	42.68	-0.14%	0.42%	7,455 SOL
During	42.68	43.00	42.68	43.00	0.74%	0.74%	17,288 SOL

15 Minutes
Before	42.93	42.99	42.50	42.68	-0.59%	1.14%	27,706 SOL
During	42.68	43.04	42.68	43.04	0.84%	0.84%	31,196 SOL

30 Minutes
Before	42.70	42.99	42.50	42.68	-0.05%	1.14%	44,478 SOL
During	42.68	43.11	42.68	43.07	0.91%	1.00%	64,795 SOL

1 Hour
Before	42.86	43.00	42.50	42.68	-0.42%	1.16%	85,633 SOL
During	42.68	43.11	42.68	42.85	0.40%	1.00%	101,684 SOL

2 Hours
Before	42.89	43.00	42.50	42.68	-0.49%	1.16%	157,012 SOL
During	42.68	43.11	42.50	42.61	-0.16%	1.41%	169,677 SOL

4 Hours
Before	42.31	43.07	42.29	42.68	0.87%	1.81%	293,709 SOL
During	42.68	46.09	42.34	45.40	5.99%	8.14%	989,044 SOL

6 Hours
Before	42.53	43.07	41.96	42.68	0.35%	2.58%	435,074 SOL
During	42.68	46.24	42.34	43.95	2.89%	8.43%	1.507M SOL

8 Hours
Before	43.64	43.70	41.42	42.32	-3.12%	5.22%	916,100 SOL
During	42.31	46.09	42.29	45.40	6.81%	8.24%	1.283M SOL

12 Hours
Before	43.64	43.70	41.42	42.68	-2.25%	5.22%	1.21M SOL
During	42.68	46.24	42.23	42.83	0.35%	8.67%	2.047M SOL