Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 5th January, 2018 has come in at a decrease to -$45.5B for November 2017. Compared to the previous release for October 2017 at -$42.8B, 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 17,078 ETH with prices swinging between 970.96 and 1,010.00, representing a swing of 3.87%. Subsequently, the trading volume decreased by 6% to 15,989 ETH. Price action ranged from a low of 951.50 to a high of 989.00, a difference of 3.79%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 801 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 985.50 to a high of 992.30, a 0.69% change. Immediately following, trading volume increased considerably by 56% to 1,250 ETH. At this time, Ethereum hit a low of 975.04 with a high of 989.00, a significant change of 1.41%.
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
970.81Close
957.5024h Change
-13.31 (-1.39%)24h High
1,045.0024h Low
930.0024h Volume
98,336 ETHUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th January, 2018, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 988.05 | 989.56 | 986.37 | 986.37 | -0.17% | 0.32% | 78 ETH |
| During | 988.01 | 988.99 | 986.39 | 986.60 | -0.14% | 0.26% | 54 ETH |
| 5 Minutes | |||||||
| Before | 987.31 | 989.80 | 986.20 | 986.37 | -0.10% | 0.36% | 343 ETH |
| During | 988.01 | 989.00 | 986.39 | 987.35 | -0.07% | 0.26% | 218 ETH |
| 10 Minutes | |||||||
| Before | 988.21 | 989.80 | 985.50 | 986.37 | -0.19% | 0.43% | 601 ETH |
| During | 988.01 | 989.00 | 980.00 | 980.14 | -0.80% | 0.91% | 795 ETH |
| 15 Minutes | |||||||
| Before | 990.53 | 992.30 | 985.50 | 986.37 | -0.42% | 0.69% | 801 ETH |
| During | 988.01 | 989.00 | 975.04 | 979.59 | -0.86% | 1.41% | 1,250 ETH |
| 30 Minutes | |||||||
| Before | 993.02 | 994.99 | 985.50 | 986.37 | -0.67% | 0.95% | 1,763 ETH |
| During | 988.01 | 989.00 | 975.04 | 978.09 | -1.01% | 1.41% | 2,175 ETH |
| 1 Hour | |||||||
| Before | 992.00 | 994.99 | 985.50 | 986.37 | -0.57% | 0.95% | 3,683 ETH |
| During | 988.01 | 989.00 | 975.01 | 981.30 | -0.68% | 1.41% | 4,162 ETH |
| 2 Hours | |||||||
| Before | 988.55 | 999.99 | 985.50 | 986.37 | -0.22% | 1.45% | 7,218 ETH |
| During | 988.01 | 989.00 | 974.00 | 978.59 | -0.96% | 1.52% | 7,628 ETH |
| 4 Hours | |||||||
| Before | 982.01 | 1010.00 | 970.96 | 986.37 | 0.44% | 3.87% | 17,078 ETH |
| During | 988.01 | 989.00 | 951.50 | 953.00 | -3.67% | 3.79% | 15,989 ETH |
| 6 Hours | |||||||
| Before | 1035.04 | 1045.00 | 970.96 | 986.37 | -4.93% | 7.09% | 27,482 ETH |
| During | 988.01 | 989.00 | 931.00 | 979.17 | -0.90% | 5.86% | 24,165 ETH |
| 8 Hours | |||||||
| Before | 970.81 | 1045.00 | 960.00 | 982.91 | 1.23% | 8.13% | 37,223 ETH |
| During | 982.01 | 1010.00 | 951.50 | 953.00 | -3.04% | 5.79% | 33,067 ETH |
| 12 Hours | |||||||
| Before | 970.81 | 1045.00 | 960.00 | 986.37 | 1.58% | 8.13% | 54,301 ETH |
| During | 988.01 | 989.00 | 930.00 | 957.50 | -3.19% | 5.97% | 44,035 ETH |
