Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 5th December, 2019 has come in at an increase to -$41.3B for October 2019. Compared to the previous release for September 2019 at -$44.4B, 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 53,432 ETH with prices swinging between 145.72 and 149.02, representing a swing of 2.21%. Subsequently, the trading volume remain relatively unchanged at 53,113 ETH. Price action ranged from a low of 146.30 to a high of 148.20, a difference of 1.28%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 2,494 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 147.83 to a high of 148.25, a 0.28% change. Immediately following, trading volume increased by 19% to 2,981 ETH. At this time, Ethereum hit a low of 147.81 with a high of 148.20, a change of 0.26%.
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
145.90Close
147.5124h Change
1.61 (1.09%)24h High
149.0224h Low
143.6424h Volume
294,354 ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th December, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 148.01 | 148.18 | 148.01 | 148.15 | 0.09% | 0.11% | 119 ETH |
| During | 148.16 | 148.20 | 148.10 | 148.10 | -0.04% | 0.07% | 82 ETH |
| 5 Minutes | |||||||
| Before | 148.00 | 148.18 | 147.94 | 148.15 | 0.10% | 0.16% | 549 ETH |
| During | 148.16 | 148.20 | 147.90 | 147.92 | -0.16% | 0.20% | 598 ETH |
| 10 Minutes | |||||||
| Before | 147.88 | 148.18 | 147.83 | 148.15 | 0.18% | 0.24% | 1,507 ETH |
| During | 148.16 | 148.20 | 147.81 | 148.06 | -0.07% | 0.26% | 2,519 ETH |
| 15 Minutes | |||||||
| Before | 148.21 | 148.25 | 147.83 | 148.15 | -0.04% | 0.28% | 2,494 ETH |
| During | 148.16 | 148.20 | 147.81 | 147.90 | -0.18% | 0.26% | 2,981 ETH |
| 30 Minutes | |||||||
| Before | 148.14 | 148.76 | 147.83 | 148.15 | 0.01% | 0.63% | 5,470 ETH |
| During | 148.16 | 148.20 | 147.32 | 147.57 | -0.40% | 0.59% | 7,878 ETH |
| 1 Hour | |||||||
| Before | 148.35 | 148.82 | 147.83 | 148.15 | -0.13% | 0.67% | 13,294 ETH |
| During | 148.16 | 148.20 | 147.15 | 147.36 | -0.54% | 0.71% | 12,763 ETH |
| 2 Hours | |||||||
| Before | 146.36 | 149.02 | 146.36 | 148.15 | 1.21% | 1.78% | 35,489 ETH |
| During | 148.16 | 148.20 | 146.56 | 146.93 | -0.84% | 1.11% | 27,415 ETH |
| 4 Hours | |||||||
| Before | 145.99 | 149.02 | 145.72 | 148.15 | 1.46% | 2.21% | 53,432 ETH |
| During | 148.16 | 148.20 | 146.30 | 146.89 | -0.86% | 1.28% | 53,113 ETH |
| 6 Hours | |||||||
| Before | 145.49 | 149.02 | 145.30 | 148.15 | 1.80% | 2.50% | 100,449 ETH |
| During | 148.16 | 148.20 | 146.30 | 147.57 | -0.40% | 1.28% | 64,271 ETH |
| 8 Hours | |||||||
| Before | 145.90 | 146.85 | 143.64 | 145.99 | 0.06% | 2.19% | 136,847 ETH |
| During | 145.99 | 149.02 | 145.72 | 146.89 | 0.61% | 2.21% | 106,545 ETH |
| 12 Hours | |||||||
| Before | 145.90 | 149.02 | 143.64 | 148.15 | 1.52% | 3.61% | 190,279 ETH |
| During | 148.16 | 148.60 | 146.30 | 147.51 | -0.44% | 1.55% | 104,075 ETH |
