Measured by Clometrix
Gram's volatility ratio was 1.68x, against 1.01x for a typical Durable Orders release since 2021. Its volume ratio was 4.07x, against a typical 1.86x. That is a strong reaction by this release's own standard. 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 Gram moved
Gram was at $5.780 when the figure came out. Fifteen minutes later it was 0.17% higher, and an hour later 0.17% higher. Its high-to-low range in the hour after was 1.56% of its price, against 1.21% in the hour before.
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.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Gram about as much as those at other times: a median volatility ratio of 1.01x across 7, against 1.01x across 16. This one was not within two weeks of a Fed decision. Its own ratio of 1.68x compares with 1.01x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 23 Durable Orders releases since 2021, Gram's median volatility ratio is 1.01x.
How it compares
Across 23 Durable Orders releases since 2021, Gram's usual price swing is 1.01x. This one was 1.66 times the usual.
Thin line: Durable Orders's usual, 1.01x. Thick line: this release, 1.68x.
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 | 5.80 | 5.78 | 5.79 | 0.17% | 0.34% | 0.17% | 7,443 GRAM |
| 5 minutes | 5.80 | 5.75 | 5.78 | 0.00% | 0.86% | 0.34% | 201,053 GRAM |
| 10 minutes | 5.80 | 5.75 | 5.76 | -0.35% | 0.86% | 0.52% | 246,702 GRAM |
| 15 minutes | 5.80 | 5.75 | 5.79 | 0.17% | 0.86% | 0.52% | 268,654 GRAM |
| 30 minutes | 5.82 | 5.75 | 5.81 | 0.52% | 1.20% | 0.86% | 390,673 GRAM |
| 1 hour | 5.84 | 5.75 | 5.79 | 0.17% | 1.54% | 1.20% | 542,166 GRAM |
| 2 hours | 5.84 | 5.75 | 5.78 | 0.00% | 1.54% | 1.37% | 928,659 GRAM |
| 4 hours | 5.93 | 5.75 | 5.92 | 2.36% | 3.04% | 2.05% | 2.375M GRAM |
| 6 hours | 5.94 | 5.74 | 5.78 | 0.00% | 3.37% | 2.38% | 3.885M GRAM |
| 8 hours | 5.93 | 5.74 | 5.92 | 1.35% | 3.20% | 4.42% | 4.269M GRAM |
| 12 hours | 5.94 | 5.74 | 5.80 | 0.34% | 3.37% | 4.42% | 4.953M GRAM |
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 1.68x a lot?
For a Durable Orders release it is strong: the usual is 1.01x. Each report has its own usual size, and its releases show it.
Will the next Durable Orders do the same?
Nobody can say. A forecast shows the range Gram moved in after past Durable Orders releases, so you can plan for the likely size of the move.
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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.