Data Analysis
The release
Released by the Bureau of Census on 25 July 2019 at 8:30 AM EDT. Durable Goods Orders came in at 0.1% for June 2019, against -3.5% in May 2019. Durable goods orders are rising again, after a fall.
It arrived at the same moment as Durable Goods Orders Excluding Transportation, 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 0.75x, against 1.45x for a typical Durable Orders release since 2021. Its volume ratio was 1.30x, 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 $10,103.31 when the figure came out. Fifteen minutes later it was 0.07% higher, and an hour later 0.84% lower. Its high-to-low range in the hour after was 2.49% of its price, against 0.87% in the hour before.
What made it matter
Since 2021, Durable Orders 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 6 days before the Federal Reserve's 31 July rate decision. Its own ratio of 0.75x compares with 1.48x for those, so it moved the price less than its circumstances would suggest.
About 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.
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
9,808.27Close
9,690.6824h Change
-117.59 (-1.21%)24h High
10,175.0024h Low
9,661.0024h Volume
39,140 BTCUS Durable Goods Orders
Bureau of Census
25th July, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 10123.95 | 10124.69 | 10099.02 | 10107.47 | -0.16% | 0.25% | 71 BTC |
| During | 10103.31 | 10118.61 | 10099.02 | 10101.37 | -0.02% | 0.19% | 42 BTC |
| 5 Minutes | |||||||
| Before | 10142.30 | 10147.97 | 10099.02 | 10107.47 | -0.34% | 0.48% | 222 BTC |
| During | 10103.31 | 10124.43 | 10099.02 | 10123.80 | 0.20% | 0.25% | 149 BTC |
| 10 Minutes | |||||||
| Before | 10106.82 | 10147.97 | 10099.02 | 10107.47 | 0.01% | 0.48% | 394 BTC |
| During | 10103.31 | 10130.00 | 10099.02 | 10122.35 | 0.19% | 0.31% | 263 BTC |
| 15 Minutes | |||||||
| Before | 10116.77 | 10147.97 | 10099.02 | 10107.47 | -0.09% | 0.48% | 694 BTC |
| During | 10103.31 | 10130.00 | 10099.02 | 10109.98 | 0.07% | 0.31% | 351 BTC |
| 30 Minutes | |||||||
| Before | 10066.18 | 10147.97 | 10063.11 | 10107.47 | 0.41% | 0.84% | 1,079 BTC |
| During | 10103.31 | 10156.60 | 10099.02 | 10125.24 | 0.22% | 0.57% | 788 BTC |
| 1 Hour | |||||||
| Before | 10062.56 | 10147.97 | 10059.65 | 10107.47 | 0.44% | 0.87% | 1,466 BTC |
| During | 10103.31 | 10156.60 | 9905.00 | 10018.76 | -0.84% | 2.48% | 3,679 BTC |
| 2 Hours | |||||||
| Before | 10046.56 | 10147.97 | 10041.04 | 10107.47 | 0.60% | 1.05% | 2,271 BTC |
| During | 10103.31 | 10156.60 | 9905.00 | 9984.50 | -1.19% | 2.48% | 6,580 BTC |
| 4 Hours | |||||||
| Before | 10071.51 | 10147.97 | 10038.00 | 10107.47 | 0.36% | 1.08% | 4,865 BTC |
| During | 10103.31 | 10156.60 | 9905.00 | 9967.63 | -1.36% | 2.48% | 9,827 BTC |
| 6 Hours | |||||||
| Before | 10041.87 | 10147.97 | 10009.51 | 10107.47 | 0.65% | 1.36% | 6,960 BTC |
| During | 10103.31 | 10156.60 | 9905.00 | 9999.89 | -1.03% | 2.48% | 11,388 BTC |
| 8 Hours | |||||||
| Before | 9808.27 | 10175.00 | 9791.74 | 10070.76 | 2.61% | 3.77% | 13,493 BTC |
| During | 10071.51 | 10156.60 | 9905.00 | 9967.63 | -1.04% | 2.48% | 14,692 BTC |
| 12 Hours | |||||||
| Before | 9808.27 | 10175.00 | 9791.74 | 10107.47 | 2.96% | 3.77% | 18,358 BTC |
| During | 10103.31 | 10156.60 | 9661.00 | 9690.68 | -4.26% | 4.88% | 20,782 BTC |
