The release
Released by the Bureau of Census on 26 September 2024 at 8:30 AM EDT. Durable Goods Orders came in at -1.1% for August 2024, against 4.3% in July 2024. Durable goods orders are falling, after a rise.
It arrived at the same moment as Durable Goods Orders Excluding Transportation, 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
Aave's volatility ratio was 1.15x, against 1.37x for a typical Durable Orders release since 2021. Its volume ratio was 1.68x, against a typical 1.48x. 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 Aave moved
Aave was at $168.24 when the figure came out. Fifteen minutes later it was 0.31% higher, and an hour later 0.72% higher. Its high-to-low range in the hour after was 1.21% of its price, against 1.1% in the hour before.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Aave more than those at other times: a median volatility ratio of 1.47x across 20, against 1.26x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.15x compares with 1.26x for those, about what its circumstances would suggest.
How it compares
Across 69 Durable Orders releases since 2021, Aave's usual price swing is 1.37x. This one was 0.84 times the usual.
Thin line: Durable Orders's usual, 1.37x. Thick line: this release, 1.15x. Under 1.5x counts as no reaction at all.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 168.47 | 168.11 | 168.28 | 0.02% | 0.21% | 0.18% | 268 AAVE |
| 5 minutes | 168.67 | 167.80 | 167.94 | -0.18% | 0.52% | 0.29% | 1,337 AAVE |
| 10 minutes | 168.67 | 167.75 | 168.18 | -0.04% | 0.55% | 0.39% | 1,866 AAVE |
| 15 minutes | 168.82 | 167.75 | 168.76 | 0.31% | 0.63% | 0.39% | 2,417 AAVE |
| 30 minutes | 169.09 | 167.75 | 168.09 | -0.09% | 0.79% | 0.55% | 3,894 AAVE |
| 1 hour | 169.79 | 167.75 | 169.45 | 0.71% | 1.20% | 1.09% | 7,092 AAVE |
| 2 hours | 169.79 | 165.32 | 166.03 | -1.33% | 2.63% | 1.52% | 23,016 AAVE |
| 4 hours | 169.79 | 164.58 | 168.42 | 0.11% | 3.07% | 1.98% | 48,701 AAVE |
| 6 hours | 169.79 | 164.40 | 164.82 | -2.07% | 3.17% | 2.07% | 70,693 AAVE |
| 8 hours | 170.00 | 164.58 | 168.42 | -0.01% | 3.19% | 3.35% | 80,465 AAVE |
| 12 hours | 169.79 | 163.25 | 164.98 | -1.98% | 3.85% | 4.08% | 99,919 AAVE |
Every coin at this release
| Coin | Price swing | Usual for Durable Orders | Reaction |
|---|---|---|---|
| Bitcoin | 2.07x | 1.44x | Strong |
| Ethereum | 1.48x | 1.38x | Quiet |
| XRP | 1.38x | 1.13x | Quiet |
| BNB | 1.64x | 1.28x | Ordinary |
| Solana | 1.80x | 1.32x | Strong |
| Dogecoin | 1.11x | 1.49x | Quiet |
| TRON | 1.49x | 1.33x | Quiet |
| Cardano | 1.47x | 1.33x | Quiet |
| Chainlink | 1.89x | 1.48x | Ordinary |
| Sui | 1.02x | 1.36x | Quiet |
| Bitcoin Cash | 0.92x | 1.31x | Quiet |
| Hedera | 1.63x | 1.32x | Ordinary |
| Avalanche | 1.64x | 1.44x | Ordinary |
| Litecoin | 1.31x | 1.34x | Quiet |
| Gram | 1.68x | 1.01x | Strong |
| Shiba Inu | 1.09x | 1.30x | Quiet |
| Uniswap | 1.51x | 1.26x | Ordinary |
| Polkadot | 1.50x | 1.27x | Ordinary |
| Aave | 1.15x | 1.37x | Quiet |
| Bittensor | 1.16x | 1.33x | Quiet |
| NEAR Protocol | 1.23x | 1.29x | Quiet |
| Aptos | 1.35x | 1.34x | Quiet |
| Internet Computer | 1.66x | 1.11x | Strong |
| POL (prev. MATIC) | 2.65x | 1.29x | Exceptional |
| Filecoin | 2.48x | 1.34x | Strong |
What is Durable Goods Orders?
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) 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.Questions about this page
Is 1.15x a lot?
No. Under 1.5x the market barely noticed the release.
Will the next Durable Orders do the same?
Nobody can say. A forecast shows the range Aave moved in after past Durable Orders releases, so you can plan for the likely size of the move.
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.