Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 2nd August, 2019 has come in at an increase to -$48.7B for June 2019. Compared to the previous release for May 2019 at -$51B, 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 26,823 ETH with prices swinging between 218.68 and 220.39, representing a swing of 0.78%. Subsequently, the trading volume increased considerably by 62% to 43,464 ETH. Price action ranged from a low of 215.55 to a high of 221.00, a significant difference of 2.47%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 861 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 219.11 to a high of 219.53, a 0.19% change. Immediately following, trading volume increased by 45% to 1,251 ETH. At this time, Ethereum hit a low of 219.20 with a high of 219.73, a change of 0.24%.
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
216.15Close
217.0224h Change
0.87 (0.40%)24h High
222.1824h Low
214.3124h Volume
204,727 ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
2nd August, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 219.44 | 219.53 | 219.37 | 219.47 | 0.01% | 0.07% | 123 ETH |
| During | 219.48 | 219.56 | 219.45 | 219.47 | 0.00% | 0.05% | 167 ETH |
| 5 Minutes | |||||||
| Before | 219.35 | 219.53 | 219.27 | 219.47 | 0.05% | 0.12% | 327 ETH |
| During | 219.48 | 219.69 | 219.41 | 219.63 | 0.07% | 0.13% | 510 ETH |
| 10 Minutes | |||||||
| Before | 219.17 | 219.53 | 219.11 | 219.47 | 0.14% | 0.19% | 576 ETH |
| During | 219.48 | 219.73 | 219.41 | 219.62 | 0.06% | 0.15% | 933 ETH |
| 15 Minutes | |||||||
| Before | 219.42 | 219.53 | 219.11 | 219.47 | 0.02% | 0.19% | 861 ETH |
| During | 219.48 | 219.73 | 219.20 | 219.32 | -0.07% | 0.24% | 1,251 ETH |
| 30 Minutes | |||||||
| Before | 219.18 | 219.59 | 219.10 | 219.47 | 0.13% | 0.22% | 1,727 ETH |
| During | 219.48 | 220.06 | 219.20 | 220.06 | 0.26% | 0.39% | 2,784 ETH |
| 1 Hour | |||||||
| Before | 219.71 | 219.86 | 219.10 | 219.47 | -0.11% | 0.35% | 3,924 ETH |
| During | 219.48 | 220.54 | 219.20 | 219.85 | 0.17% | 0.61% | 9,703 ETH |
| 2 Hours | |||||||
| Before | 219.31 | 220.22 | 219.10 | 219.47 | 0.07% | 0.51% | 8,811 ETH |
| During | 219.48 | 220.54 | 219.20 | 219.88 | 0.18% | 0.61% | 15,320 ETH |
| 4 Hours | |||||||
| Before | 219.22 | 220.39 | 218.68 | 219.47 | 0.11% | 0.78% | 26,823 ETH |
| During | 219.48 | 221.00 | 215.55 | 216.92 | -1.18% | 2.47% | 43,464 ETH |
| 6 Hours | |||||||
| Before | 216.60 | 222.18 | 216.43 | 219.47 | 1.31% | 2.59% | 69,836 ETH |
| During | 219.48 | 221.00 | 214.96 | 217.25 | -1.03% | 2.73% | 72,233 ETH |
| 8 Hours | |||||||
| Before | 216.15 | 222.18 | 215.08 | 219.23 | 1.40% | 3.20% | 75,334 ETH |
| During | 219.22 | 221.00 | 215.55 | 216.92 | -1.06% | 2.47% | 70,287 ETH |
| 12 Hours | |||||||
| Before | 216.15 | 222.18 | 215.08 | 219.47 | 1.51% | 3.20% | 102,156 ETH |
| During | 219.48 | 221.00 | 214.31 | 217.02 | -1.13% | 3.03% | 102,570 ETH |
