Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 4th November, 2020 has come in at an increase to -$57B for September 2020. Compared to the previous release for August 2020 at -$61.8B, 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 79,564 ETH with prices swinging between 379.82 and 384.27, representing a swing of 1.16%. Subsequently, the trading volume increased significantly by 449% to 436,543 ETH. Price action ranged from a low of 379.11 to a high of 408.39, a significant difference of 7.17%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 5,874 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 381.64 to a high of 384.27, a 0.68% change. Immediately following, trading volume increased considerably by 60% to 9,402 ETH. At this time, Ethereum hit a low of 383.06 with a high of 384.60, a change of 0.40%.
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
382.69Close
403.9824h Change
21.29 (5.27%)24h High
408.3924h Low
376.4724h Volume
1.131M ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
4th November, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 383.50 | 383.52 | 383.28 | 383.39 | -0.03% | 0.06% | 190 ETH |
| During | 383.39 | 383.41 | 383.18 | 383.40 | 0.00% | 0.06% | 205 ETH |
| 5 Minutes | |||||||
| Before | 384.02 | 384.25 | 383.28 | 383.39 | -0.16% | 0.25% | 1,143 ETH |
| During | 383.39 | 383.78 | 383.06 | 383.42 | 0.01% | 0.19% | 3,520 ETH |
| 10 Minutes | |||||||
| Before | 382.49 | 384.27 | 382.49 | 383.39 | 0.23% | 0.46% | 4,574 ETH |
| During | 383.39 | 384.21 | 383.06 | 384.08 | 0.18% | 0.30% | 6,883 ETH |
| 15 Minutes | |||||||
| Before | 382.10 | 384.27 | 381.64 | 383.39 | 0.34% | 0.68% | 5,874 ETH |
| During | 383.39 | 384.60 | 383.06 | 383.85 | 0.12% | 0.40% | 9,402 ETH |
| 30 Minutes | |||||||
| Before | 382.85 | 384.27 | 381.64 | 383.39 | 0.14% | 0.68% | 9,788 ETH |
| During | 383.39 | 384.60 | 382.84 | 382.89 | -0.13% | 0.46% | 14,682 ETH |
| 1 Hour | |||||||
| Before | 383.16 | 384.27 | 381.64 | 383.39 | 0.06% | 0.68% | 18,805 ETH |
| During | 383.39 | 384.60 | 379.11 | 379.73 | -0.96% | 1.43% | 32,275 ETH |
| 2 Hours | |||||||
| Before | 380.97 | 384.27 | 380.59 | 383.39 | 0.63% | 0.96% | 42,102 ETH |
| During | 383.39 | 384.60 | 379.11 | 383.06 | -0.09% | 1.43% | 62,932 ETH |
| 4 Hours | |||||||
| Before | 382.39 | 384.27 | 379.82 | 383.39 | 0.26% | 1.16% | 79,564 ETH |
| During | 383.39 | 408.39 | 379.11 | 406.69 | 5.73% | 7.17% | 436,543 ETH |
| 6 Hours | |||||||
| Before | 384.27 | 384.41 | 376.47 | 383.39 | -0.23% | 2.07% | 169,819 ETH |
| During | 383.39 | 408.39 | 379.11 | 401.87 | 4.60% | 7.17% | 572,784 ETH |
| 8 Hours | |||||||
| Before | 382.69 | 387.47 | 376.47 | 382.38 | -0.08% | 2.84% | 266,033 ETH |
| During | 382.39 | 408.39 | 379.11 | 406.69 | 5.98% | 7.17% | 516,107 ETH |
| 12 Hours | |||||||
| Before | 382.69 | 387.47 | 376.47 | 383.39 | 0.18% | 2.84% | 345,597 ETH |
| During | 383.39 | 408.39 | 379.11 | 403.98 | 5.10% | 7.17% | 785,611 ETH |
