ETH Volatility Analysis for Non-Farm Payrolls, 6th September 2019

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 6th September, 2019 has come in at an increase to 235K for August 2019. Compared to the previous release for July 2019 at 97K, we can see that labour market is increasing month over month.

To see the impact and volatility of ETH's price during the Non-Farm Payrolls 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 43,222 ETH with prices swinging between 174.63 and 177.87, representing a swing of 1.82%. Subsequently, the trading volume decreased by 11% to 38,417 ETH. Price action ranged from a low of 174.84 to a high of 177.08, a difference of 1.26%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 3,453 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 176.11 to a high of 176.78, a 0.38% change. Immediately following, trading volume decreased by 47% to 1,821 ETH. At this time, Ethereum hit a low of 175.63 with a high of 176.31, a change of 0.39%.

About Non-Farm Payrolls

Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.