Data Analysis
The release
Released by the Bureau of Census on 26 September 2024 at 8:30 AM EDT. The Durable Goods Orders Excluding Transportation came in at 0.6% for August 2024, against -0.4% in July 2024. Durable goods orders excluding transportation are rising again, after a fall.
It arrived at the same moment as Durable Goods Orders, Gross Domestic Product Report, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Ethereum's volatility ratio was 1.48x, against 1.34x for a typical Durable Orders Ex Transportation release since 2021. Its volume ratio was 2.14x, against a typical 1.57x. Under 1.5x is not a reaction at all: the market barely noticed this release. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Ethereum moved
Ethereum was at $2,632.91 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.29% lower. Its high-to-low range in the hour after was 0.59% of its price, against 0.45% in the hour before.
What made it matter
Since 2021, Durable Orders Ex Transportation releases in the two weeks before a Fed decision have moved Ethereum more than those at other times: a median volatility ratio of 1.66x across 19, against 1.30x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.48x compares with 1.30x for those, about what its circumstances would suggest.
About Durable Goods Orders Excluding Transportation
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders ex transportation reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) excluding transportation equipment in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.
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
2,581.91Close
2,634.4924h Change
52.58 (2.00%)24h High
2,666.2224h Low
2,559.2024h Volume
278,416 ETHUS Durable Goods Orders Excluding Transportation
Bureau of Census
26th September, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 2631.02 | 2632.91 | 2631.01 | 2632.91 | 0.07% | 0.07% | 185 ETH |
| During | 2632.91 | 2639.00 | 2632.58 | 2636.79 | 0.15% | 0.24% | 871 ETH |
| 5 Minutes | |||||||
| Before | 2630.00 | 2632.91 | 2629.19 | 2632.91 | 0.11% | 0.14% | 1,250 ETH |
| During | 2632.91 | 2639.89 | 2627.65 | 2629.31 | -0.14% | 0.46% | 2,951 ETH |
| 10 Minutes | |||||||
| Before | 2628.74 | 2632.91 | 2625.60 | 2632.91 | 0.16% | 0.28% | 1,950 ETH |
| During | 2632.91 | 2639.89 | 2627.00 | 2627.33 | -0.21% | 0.49% | 4,019 ETH |
| 15 Minutes | |||||||
| Before | 2629.01 | 2632.91 | 2625.60 | 2632.91 | 0.15% | 0.28% | 2,565 ETH |
| During | 2632.91 | 2639.89 | 2627.00 | 2633.72 | 0.03% | 0.49% | 5,002 ETH |
| 30 Minutes | |||||||
| Before | 2628.79 | 2632.91 | 2621.00 | 2632.91 | 0.16% | 0.45% | 5,756 ETH |
| During | 2632.91 | 2639.89 | 2627.00 | 2629.97 | -0.11% | 0.49% | 7,205 ETH |
| 1 Hour | |||||||
| Before | 2624.15 | 2632.91 | 2621.00 | 2632.91 | 0.33% | 0.45% | 9,517 ETH |
| During | 2632.91 | 2639.89 | 2624.32 | 2625.26 | -0.29% | 0.59% | 11,489 ETH |
| 2 Hours | |||||||
| Before | 2629.35 | 2639.50 | 2621.00 | 2632.91 | 0.14% | 0.70% | 25,895 ETH |
| During | 2632.91 | 2653.75 | 2613.20 | 2626.34 | -0.25% | 1.53% | 34,264 ETH |
| 4 Hours | |||||||
| Before | 2625.30 | 2639.50 | 2612.83 | 2632.91 | 0.29% | 1.01% | 47,810 ETH |
| During | 2632.91 | 2663.80 | 2607.92 | 2652.00 | 0.72% | 2.10% | 83,616 ETH |
| 6 Hours | |||||||
| Before | 2615.54 | 2639.50 | 2612.83 | 2632.91 | 0.66% | 1.01% | 67,279 ETH |
| During | 2632.91 | 2666.22 | 2607.92 | 2634.98 | 0.08% | 2.19% | 110,062 ETH |
| 8 Hours | |||||||
| Before | 2581.91 | 2634.95 | 2559.20 | 2625.30 | 1.65% | 2.87% | 73,326 ETH |
| During | 2625.30 | 2663.80 | 2607.92 | 2652.00 | 1.01% | 2.10% | 131,427 ETH |
| 12 Hours | |||||||
| Before | 2581.91 | 2639.50 | 2559.20 | 2632.91 | 1.94% | 3.04% | 121,136 ETH |
| During | 2632.91 | 2666.22 | 2607.92 | 2634.49 | 0.06% | 2.19% | 157,279 ETH |
