Data Analysis
The release
Released by the Bureau of Labor Statistics on 4 September 2020 at 8:30 AM EDT. The economy added 2M jobs for August 2020, according to Non-Farm Payrolls, after a gain of 2M in July 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.
Measured by Clometrix
Solana's volatility ratio was 0.79x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 1.49x, 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 $3.52 when the figure came out. Fifteen minutes later it was 0.28% lower, and an hour later 1.14% higher. Its high-to-low range in the hour after was 2.27% of its price, against 3.98% 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 came out 12 days before the Federal Reserve's 16 September rate decision. Its own ratio of 0.79x compares with 2.72x 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
3.74Close
3.5824h Change
-0.16 (-4.47%)24h High
3.8324h Low
3.1724h Volume
1.982M SOLUS Non-Farm Payrolls
Bureau of Labor Statistics
4th September, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3.52 | 3.52 | 3.52 | 3.52 | 0.00% | 0.00% | 395 SOL |
| During | 3.52 | 3.54 | 3.52 | 3.54 | 0.56% | 0.56% | 2,388 SOL |
| 5 Minutes | |||||||
| Before | 3.53 | 3.53 | 3.52 | 3.52 | -0.28% | 0.28% | 1,477 SOL |
| During | 3.52 | 3.55 | 3.52 | 3.55 | 0.85% | 0.85% | 8,733 SOL |
| 10 Minutes | |||||||
| Before | 3.54 | 3.55 | 3.52 | 3.52 | -0.57% | 0.85% | 4,813 SOL |
| During | 3.52 | 3.55 | 3.50 | 3.50 | -0.57% | 1.41% | 17,729 SOL |
| 15 Minutes | |||||||
| Before | 3.63 | 3.63 | 3.52 | 3.52 | -3.13% | 3.03% | 47,343 SOL |
| During | 3.52 | 3.55 | 3.50 | 3.51 | -0.28% | 1.41% | 21,200 SOL |
| 30 Minutes | |||||||
| Before | 3.57 | 3.66 | 3.52 | 3.52 | -1.42% | 3.83% | 70,337 SOL |
| During | 3.52 | 3.58 | 3.50 | 3.57 | 1.40% | 2.23% | 34,355 SOL |
| 1 Hour | |||||||
| Before | 3.62 | 3.66 | 3.52 | 3.52 | -2.84% | 3.83% | 92,234 SOL |
| During | 3.52 | 3.58 | 3.50 | 3.56 | 1.12% | 2.23% | 57,203 SOL |
| 2 Hours | |||||||
| Before | 3.74 | 3.75 | 3.52 | 3.52 | -6.25% | 6.13% | 143,763 SOL |
| During | 3.52 | 3.62 | 3.43 | 3.43 | -2.62% | 5.25% | 146,645 SOL |
| 4 Hours | |||||||
| Before | 3.65 | 3.80 | 3.52 | 3.52 | -3.69% | 7.37% | 231,044 SOL |
| During | 3.52 | 3.62 | 3.17 | 3.32 | -6.02% | 12.43% | 547,933 SOL |
| 6 Hours | |||||||
| Before | 3.54 | 3.80 | 3.47 | 3.52 | -0.57% | 8.68% | 452,620 SOL |
| During | 3.52 | 3.62 | 3.17 | 3.47 | -1.44% | 12.43% | 662,265 SOL |
| 8 Hours | |||||||
| Before | 3.74 | 3.83 | 3.47 | 3.65 | -2.47% | 9.40% | 937,895 SOL |
| During | 3.65 | 3.80 | 3.17 | 3.32 | -9.94% | 16.58% | 778,978 SOL |
| 12 Hours | |||||||
| Before | 3.74 | 3.83 | 3.47 | 3.52 | -6.25% | 9.40% | 1.169M SOL |
| During | 3.52 | 3.70 | 3.17 | 3.58 | 1.68% | 14.32% | 813,013 SOL |
