Data Analysis
The release
Released by the Bureau of Labor Statistics on 1 November 2024 at 8:30 AM EDT. The economy added 44K jobs for October 2024, according to Non-Farm Payrolls, after a gain of 240K in September 2024.
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 $168.15 when the figure came out. Fifteen minutes later it was 0.71% higher, and an hour later 1.07% higher. Its high-to-low range in the hour after was 1.55% of its price, against 0.54% in the hour before.
Measured by Clometrix
Solana's volatility ratio was 2.56x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 3.80x, 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 6 days before the Federal Reserve's 7 November rate decision. Its own ratio of 2.56x 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
169.00Close
167.0724h Change
-1.93 (-1.16%)24h High
174.0024h Low
163.4324h Volume
3.264M SOLUS Non-Farm Payrolls
Bureau of Labor Statistics
1st November, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 168.10 | 168.24 | 168.07 | 168.15 | 0.03% | 0.10% | 1,642 SOL |
| During | 168.15 | 168.27 | 167.90 | 167.90 | -0.15% | 0.22% | 8,795 SOL |
| 5 Minutes | |||||||
| Before | 168.26 | 168.29 | 167.99 | 168.15 | -0.07% | 0.18% | 12,608 SOL |
| During | 168.15 | 168.91 | 167.69 | 168.53 | 0.23% | 0.72% | 25,641 SOL |
| 10 Minutes | |||||||
| Before | 168.31 | 168.44 | 167.99 | 168.15 | -0.10% | 0.27% | 21,005 SOL |
| During | 168.15 | 169.45 | 167.69 | 169.44 | 0.76% | 1.04% | 57,316 SOL |
| 15 Minutes | |||||||
| Before | 168.33 | 168.47 | 167.99 | 168.15 | -0.11% | 0.28% | 29,490 SOL |
| During | 168.15 | 169.66 | 167.69 | 169.34 | 0.70% | 1.16% | 84,661 SOL |
| 30 Minutes | |||||||
| Before | 167.88 | 168.51 | 167.78 | 168.15 | 0.16% | 0.43% | 56,616 SOL |
| During | 168.15 | 169.76 | 167.69 | 169.65 | 0.88% | 1.22% | 124,982 SOL |
| 1 Hour | |||||||
| Before | 168.58 | 168.58 | 167.68 | 168.15 | -0.26% | 0.53% | 118,592 SOL |
| During | 168.15 | 170.29 | 167.69 | 169.95 | 1.06% | 1.53% | 197,809 SOL |
| 2 Hours | |||||||
| Before | 168.39 | 168.77 | 167.68 | 168.15 | -0.14% | 0.65% | 267,850 SOL |
| During | 168.15 | 174.00 | 167.69 | 173.34 | 2.99% | 3.63% | 542,074 SOL |
| 4 Hours | |||||||
| Before | 165.94 | 168.77 | 165.55 | 168.15 | 1.31% | 1.91% | 421,551 SOL |
| During | 168.15 | 174.00 | 163.43 | 166.45 | -1.02% | 6.07% | 1.364M SOL |
| 6 Hours | |||||||
| Before | 165.64 | 168.77 | 165.05 | 168.15 | 1.49% | 2.20% | 594,103 SOL |
| During | 168.15 | 174.00 | 163.43 | 166.94 | -0.72% | 6.07% | 1.59M SOL |
| 8 Hours | |||||||
| Before | 169.00 | 169.42 | 165.05 | 165.94 | -1.84% | 2.58% | 887,338 SOL |
| During | 165.94 | 174.00 | 163.43 | 166.45 | 0.31% | 6.07% | 1.786M SOL |
| 12 Hours | |||||||
| Before | 169.00 | 169.42 | 165.05 | 168.15 | -0.51% | 2.58% | 1.309M SOL |
| During | 168.15 | 174.00 | 163.43 | 167.07 | -0.65% | 6.07% | 1.955M SOL |
