Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 5th November, 2019 has come in at an increase to -$44.4B for September 2019. Compared to the previous release for August 2019 at -$48.7B, we can see that foreign trade has decreased but at a slower rate month over month.
To see the impact and volatility of ETH's price during the Balance of Trade release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.
4-Hours Chart Analysis
In the period prior to the release, the trading volume was 57,173 ETH with prices swinging between 184.98 and 187.97, representing a swing of 1.59%. Subsequently, the trading volume increased significantly by 127% to 129,751 ETH. Price action ranged from a low of 186.08 to a high of 192.51, a significant difference of 3.34%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 2,545 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 187.14 to a high of 187.60, a 0.25% change. Immediately following, trading volume increased by 20% to 3,048 ETH. At this time, Ethereum hit a low of 186.99 with a high of 187.34, a change of 0.19%.
About International Trade Balance in Goods and Services
The balance of trade (BOT) measures economic transactions between a nation and its trading partners, showing the difference between the value of a country's imports and exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in and out of the country. Economists use this information to gauge the relative strength of a country's economy. When exports are higher than imports, it tends to boost GDP. In the opposite scenario, it creates a trade deficit.
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.
ETH-USDT
Ethereum
Open
186.09Close
188.0924h Change
2.00 (1.06%)24h High
192.5124h Low
182.2224h Volume
398,926 ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th November, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 187.34 | 187.35 | 187.30 | 187.31 | -0.02% | 0.03% | 97 ETH |
| During | 187.32 | 187.34 | 187.25 | 187.28 | -0.02% | 0.05% | 103 ETH |
| 5 Minutes | |||||||
| Before | 187.22 | 187.50 | 187.20 | 187.31 | 0.05% | 0.16% | 642 ETH |
| During | 187.32 | 187.34 | 187.04 | 187.08 | -0.13% | 0.16% | 886 ETH |
| 10 Minutes | |||||||
| Before | 187.45 | 187.60 | 187.20 | 187.31 | -0.07% | 0.21% | 1,815 ETH |
| During | 187.32 | 187.34 | 187.00 | 187.04 | -0.15% | 0.18% | 2,121 ETH |
| 15 Minutes | |||||||
| Before | 187.25 | 187.60 | 187.14 | 187.31 | 0.03% | 0.25% | 2,545 ETH |
| During | 187.32 | 187.34 | 186.99 | 187.09 | -0.12% | 0.19% | 3,048 ETH |
| 30 Minutes | |||||||
| Before | 187.10 | 187.60 | 186.85 | 187.31 | 0.11% | 0.40% | 6,475 ETH |
| During | 187.32 | 187.34 | 186.08 | 186.63 | -0.37% | 0.67% | 10,768 ETH |
| 1 Hour | |||||||
| Before | 187.15 | 187.97 | 186.85 | 187.31 | 0.09% | 0.60% | 15,377 ETH |
| During | 187.32 | 187.78 | 186.08 | 187.67 | 0.19% | 0.91% | 24,042 ETH |
| 2 Hours | |||||||
| Before | 185.73 | 187.97 | 185.38 | 187.31 | 0.84% | 1.38% | 28,716 ETH |
| During | 187.32 | 191.00 | 186.08 | 189.71 | 1.26% | 2.58% | 77,004 ETH |
| 4 Hours | |||||||
| Before | 185.58 | 187.97 | 184.98 | 187.31 | 0.92% | 1.59% | 57,173 ETH |
| During | 187.32 | 192.51 | 186.08 | 190.65 | 1.75% | 3.34% | 129,751 ETH |
| 6 Hours | |||||||
| Before | 183.80 | 187.97 | 183.17 | 187.31 | 1.87% | 2.55% | 86,153 ETH |
| During | 187.32 | 192.51 | 186.08 | 189.78 | 1.30% | 3.34% | 149,691 ETH |
| 8 Hours | |||||||
| Before | 186.09 | 187.25 | 182.22 | 185.58 | -0.27% | 2.69% | 118,875 ETH |
| During | 185.58 | 192.51 | 184.98 | 190.65 | 2.66% | 3.91% | 186,924 ETH |
| 12 Hours | |||||||
| Before | 186.09 | 187.97 | 182.22 | 187.31 | 0.65% | 3.06% | 176,048 ETH |
| During | 187.32 | 192.51 | 186.08 | 188.09 | 0.41% | 3.34% | 222,878 ETH |
