Data Analysis
The release
Released by the Bureau of Census on 27 September 2018 at 8:30 AM EDT. The Durable Goods Orders Excluding Transportation came in at -1.1% for August 2018, against 0.6% in July 2018. Durable goods orders excluding transportation are falling, after a rise.
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
Bitcoin's volatility ratio was 0.72x, against 1.45x for a typical Durable Orders Ex Transportation release since 2021. Its volume ratio was 1.23x, against a typical 1.59x. 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 Bitcoin moved
Bitcoin was at $6,511.12 when the figure came out. Fifteen minutes later it was 0.09% higher, and an hour later 0.12% higher. Its high-to-low range in the hour after was 0.57% of its price, against 0.55% 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 Bitcoin about as much as those at other times: a median volatility ratio of 1.48x across 19, against 1.43x across 49. This one came out the day after the Federal Reserve's 26 September rate decision. Its own ratio of 0.72x compares with 1.43x for those, so it moved the price less than 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.
BTC-USDT
Bitcoin
Open
6,509.82Close
6,714.8124h Change
204.99 (3.05%)24h High
6,750.0024h Low
6,434.0024h Volume
33,663 BTCUS Durable Goods Orders Excluding Transportation
Bureau of Census
27th September, 2018, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 6510.57 | 6515.74 | 6510.00 | 6512.86 | 0.04% | 0.09% | 50 BTC |
| During | 6511.12 | 6514.74 | 6511.11 | 6513.23 | 0.03% | 0.06% | 57 BTC |
| 5 Minutes | |||||||
| Before | 6510.00 | 6519.00 | 6508.26 | 6512.86 | 0.04% | 0.16% | 115 BTC |
| During | 6511.12 | 6520.00 | 6511.11 | 6518.38 | 0.11% | 0.14% | 126 BTC |
| 10 Minutes | |||||||
| Before | 6510.44 | 6519.00 | 6504.00 | 6512.86 | 0.04% | 0.23% | 296 BTC |
| During | 6511.12 | 6521.47 | 6507.52 | 6511.78 | 0.01% | 0.21% | 232 BTC |
| 15 Minutes | |||||||
| Before | 6496.32 | 6519.00 | 6494.54 | 6512.86 | 0.25% | 0.38% | 467 BTC |
| During | 6511.12 | 6521.47 | 6507.52 | 6517.15 | 0.09% | 0.21% | 384 BTC |
| 30 Minutes | |||||||
| Before | 6488.93 | 6519.00 | 6486.01 | 6512.86 | 0.37% | 0.51% | 727 BTC |
| During | 6511.12 | 6539.00 | 6507.52 | 6518.29 | 0.11% | 0.48% | 823 BTC |
| 1 Hour | |||||||
| Before | 6493.53 | 6519.00 | 6483.01 | 6512.86 | 0.30% | 0.55% | 1,501 BTC |
| During | 6511.12 | 6539.00 | 6502.06 | 6519.00 | 0.12% | 0.56% | 1,527 BTC |
| 2 Hours | |||||||
| Before | 6490.00 | 6519.00 | 6463.00 | 6512.86 | 0.35% | 0.86% | 2,649 BTC |
| During | 6511.12 | 6540.00 | 6493.00 | 6514.96 | 0.06% | 0.72% | 3,111 BTC |
| 4 Hours | |||||||
| Before | 6445.46 | 6519.00 | 6443.61 | 6512.86 | 1.03% | 1.16% | 5,308 BTC |
| During | 6511.12 | 6540.00 | 6483.57 | 6504.60 | -0.10% | 0.86% | 5,867 BTC |
| 6 Hours | |||||||
| Before | 6481.46 | 6519.00 | 6434.00 | 6512.86 | 0.48% | 1.30% | 7,105 BTC |
| During | 6511.12 | 6540.00 | 6483.57 | 6519.05 | 0.12% | 0.86% | 8,028 BTC |
| 8 Hours | |||||||
| Before | 6509.82 | 6530.00 | 6434.00 | 6445.94 | -0.99% | 1.47% | 7,553 BTC |
| During | 6445.46 | 6540.00 | 6443.61 | 6504.60 | 0.91% | 1.47% | 11,175 BTC |
| 12 Hours | |||||||
| Before | 6509.82 | 6530.00 | 6434.00 | 6512.86 | 0.05% | 1.47% | 12,862 BTC |
| During | 6511.12 | 6750.00 | 6483.57 | 6714.81 | 3.03% | 3.95% | 20,801 BTC |
