Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 6th December, 2018 has come in at a decrease to -$52.2B for October 2018. Compared to the previous release for September 2018 at -$50.2B, 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 72,798 ETH with prices swinging between 98.92 and 103.57, representing a swing of 4.49%. Subsequently, the trading volume increased significantly by 120% to 160,253 ETH. Price action ranged from a low of 96.02 to a high of 100.17, a difference of 4.14%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 6,016 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 99.02 to a high of 99.87, a 0.85% change. Immediately following, trading volume increased considerably by 67% to 10,021 ETH. At this time, Ethereum hit a low of 98.16 with a high of 99.68, a significant change of 1.52%.
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
103.65Close
87.1624h Change
-16.49 (-18.92%)24h High
104.6824h Low
86.2624h Volume
660,238 ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
6th December, 2018, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 99.67 | 99.75 | 99.64 | 99.69 | 0.02% | 0.11% | 150 ETH |
| During | 99.65 | 99.68 | 99.54 | 99.54 | -0.11% | 0.14% | 94 ETH |
| 5 Minutes | |||||||
| Before | 99.67 | 99.75 | 99.39 | 99.69 | 0.02% | 0.36% | 1,003 ETH |
| During | 99.65 | 99.68 | 99.08 | 99.18 | -0.47% | 0.60% | 3,178 ETH |
| 10 Minutes | |||||||
| Before | 99.28 | 99.87 | 99.27 | 99.69 | 0.41% | 0.60% | 2,681 ETH |
| During | 99.65 | 99.68 | 98.17 | 98.19 | -1.49% | 1.51% | 6,573 ETH |
| 15 Minutes | |||||||
| Before | 99.62 | 99.87 | 99.02 | 99.69 | 0.07% | 0.85% | 6,016 ETH |
| During | 99.65 | 99.68 | 98.16 | 98.50 | -1.17% | 1.52% | 10,021 ETH |
| 30 Minutes | |||||||
| Before | 100.35 | 100.50 | 98.92 | 99.69 | -0.66% | 1.57% | 11,952 ETH |
| During | 99.65 | 99.68 | 97.68 | 98.21 | -1.47% | 2.01% | 21,910 ETH |
| 1 Hour | |||||||
| Before | 100.88 | 101.04 | 98.92 | 99.69 | -1.19% | 2.10% | 21,194 ETH |
| During | 99.65 | 100.17 | 97.68 | 99.12 | -0.53% | 2.49% | 40,061 ETH |
| 2 Hours | |||||||
| Before | 100.76 | 102.62 | 98.92 | 99.69 | -1.07% | 3.61% | 36,632 ETH |
| During | 99.65 | 100.17 | 97.00 | 98.31 | -1.36% | 3.16% | 104,029 ETH |
| 4 Hours | |||||||
| Before | 103.52 | 103.57 | 98.92 | 99.69 | -3.84% | 4.49% | 72,798 ETH |
| During | 99.65 | 100.17 | 96.02 | 96.53 | -3.23% | 4.14% | 160,253 ETH |
| 6 Hours | |||||||
| Before | 103.17 | 104.00 | 98.92 | 99.69 | -3.49% | 4.88% | 86,610 ETH |
| During | 99.65 | 100.17 | 95.32 | 97.02 | -2.71% | 4.84% | 202,114 ETH |
| 8 Hours | |||||||
| Before | 103.65 | 104.68 | 95.97 | 103.52 | -0.13% | 8.32% | 183,539 ETH |
| During | 103.52 | 103.57 | 96.02 | 96.53 | -7.24% | 7.29% | 233,051 ETH |
| 12 Hours | |||||||
| Before | 103.65 | 104.68 | 95.97 | 99.69 | -3.97% | 8.32% | 256,337 ETH |
| During | 99.65 | 100.17 | 86.26 | 87.16 | -14.33% | 13.89% | 403,901 ETH |
