Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 6th February, 2019 has come in at a decrease to -$55B for December 2018. Compared to the previous release for October 2018 at -$52.2B, we can see that foreign trade is still decreasing 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 40,148 ETH with prices swinging between 102.11 and 103.44, representing a swing of 1.29%. Subsequently, the trading volume increased considerably by 89% to 75,907 ETH. Price action ranged from a low of 101.94 to a high of 106.77, a significant difference of 4.52%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 2,179 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 102.93 to a high of 103.10, a 0.16% change. Immediately following, trading volume decreased by 26% to 1,613 ETH. At this time, Ethereum hit a low of 102.85 with a high of 103.07, a change of 0.21%.
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
102.88Close
105.2724h Change
2.39 (2.27%)24h High
106.7724h Low
101.9424h Volume
282,280 ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
6th February, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 103.03 | 103.10 | 102.98 | 103.01 | -0.02% | 0.12% | 113 ETH |
| During | 103.00 | 103.04 | 103.00 | 103.02 | 0.02% | 0.04% | 26 ETH |
| 5 Minutes | |||||||
| Before | 103.01 | 103.10 | 102.96 | 103.01 | 0.00% | 0.14% | 296 ETH |
| During | 103.00 | 103.05 | 102.96 | 103.01 | 0.01% | 0.09% | 295 ETH |
| 10 Minutes | |||||||
| Before | 102.99 | 103.10 | 102.93 | 103.01 | 0.02% | 0.16% | 1,643 ETH |
| During | 103.00 | 103.07 | 102.86 | 102.90 | -0.10% | 0.20% | 1,164 ETH |
| 15 Minutes | |||||||
| Before | 103.08 | 103.10 | 102.93 | 103.01 | -0.07% | 0.16% | 2,179 ETH |
| During | 103.00 | 103.07 | 102.85 | 102.92 | -0.08% | 0.21% | 1,613 ETH |
| 30 Minutes | |||||||
| Before | 103.15 | 103.22 | 102.93 | 103.01 | -0.14% | 0.28% | 3,641 ETH |
| During | 103.00 | 103.07 | 102.80 | 102.91 | -0.09% | 0.26% | 3,288 ETH |
| 1 Hour | |||||||
| Before | 103.18 | 103.26 | 102.93 | 103.01 | -0.17% | 0.32% | 8,112 ETH |
| During | 103.00 | 103.07 | 102.67 | 102.76 | -0.23% | 0.39% | 7,162 ETH |
| 2 Hours | |||||||
| Before | 102.93 | 103.44 | 102.11 | 103.01 | 0.08% | 1.29% | 20,578 ETH |
| During | 103.00 | 103.47 | 101.94 | 103.29 | 0.28% | 1.48% | 22,848 ETH |
| 4 Hours | |||||||
| Before | 103.00 | 103.44 | 102.11 | 103.01 | 0.01% | 1.29% | 40,148 ETH |
| During | 103.00 | 106.77 | 101.94 | 104.15 | 1.10% | 4.52% | 75,907 ETH |
| 6 Hours | |||||||
| Before | 103.73 | 103.87 | 102.11 | 103.01 | -0.70% | 1.69% | 60,676 ETH |
| During | 103.00 | 106.77 | 101.94 | 103.95 | 0.91% | 4.52% | 96,957 ETH |
| 8 Hours | |||||||
| Before | 102.88 | 103.87 | 102.08 | 102.95 | 0.07% | 1.72% | 104,811 ETH |
| During | 103.00 | 106.77 | 101.94 | 104.15 | 1.10% | 4.52% | 116,055 ETH |
| 12 Hours | |||||||
| Before | 102.88 | 103.87 | 102.08 | 103.01 | 0.13% | 1.72% | 144,958 ETH |
| During | 103.00 | 106.77 | 101.94 | 105.27 | 2.16% | 4.52% | 137,321 ETH |
