The release
Released by the Bureau of Census on 22 November 2023 at 8:30 AM EST. Durable Goods Orders came in at -4.1% for October 2023, against 3.1% in September 2023. Durable goods orders are falling, after a rise.
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
Internet Computer's volatility ratio was 1.48x, against 1.11x for a typical Durable Orders release since 2021. Its volume ratio was 2.01x, against a typical 1.54x. 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 Internet Computer moved
Internet Computer was at $4.240 when the figure came out. Fifteen minutes later it was 0.47% higher, and an hour later 0.71% higher. Its high-to-low range in the hour after was 1.18% of its price, against 0.94% in the hour before.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Internet Computer less than those at other times: a median volatility ratio of 1.03x across 19, against 1.22x across 45. This one was not within two weeks of a Fed decision. Its own ratio of 1.48x compares with 1.22x for those, so it moved the price more than its circumstances alone would suggest.
How it compares
Across 64 Durable Orders releases since 2021, Internet Computer's usual price swing is 1.11x. This one was 1.34 times the usual.
Thin line: Durable Orders's usual, 1.11x. Thick line: this release, 1.48x. 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 | 4.24 | 4.24 | 4.24 | 0.00% | 0.00% | 0.00% | 3,199 ICP |
| 5 minutes | 4.27 | 4.24 | 4.27 | 0.70% | 0.70% | 0.00% | 17,010 ICP |
| 10 minutes | 4.27 | 4.24 | 4.26 | 0.47% | 0.70% | 0.24% | 24,571 ICP |
| 15 minutes | 4.27 | 4.24 | 4.26 | 0.47% | 0.70% | 0.24% | 36,020 ICP |
| 30 minutes | 4.28 | 4.24 | 4.27 | 0.70% | 0.93% | 0.70% | 50,666 ICP |
| 1 hour | 4.29 | 4.24 | 4.27 | 0.70% | 1.17% | 0.94% | 84,031 ICP |
| 2 hours | 4.29 | 4.22 | 4.27 | 0.70% | 1.63% | 1.17% | 182,239 ICP |
| 4 hours | 4.29 | 4.22 | 4.27 | 0.70% | 1.63% | 1.63% | 278,182 ICP |
| 6 hours | 4.39 | 4.22 | 4.37 | 2.97% | 3.87% | 1.63% | 477,722 ICP |
| 8 hours | 4.29 | 4.22 | 4.27 | 0.23% | 1.63% | 2.34% | 571,363 ICP |
| 12 hours | 4.52 | 4.22 | 4.49 | 5.57% | 6.64% | 2.56% | 1.214M ICP |
Every coin at this release
| Coin | Price swing | Usual for Durable Orders | Reaction |
|---|---|---|---|
| Bitcoin | 1.74x | 1.44x | Ordinary |
| Ethereum | 3.29x | 1.38x | Exceptional |
| XRP | 1.13x | 1.13x | Quiet |
| BNB | 1.01x | 1.28x | Quiet |
| Solana | 1.23x | 1.32x | Quiet |
| Dogecoin | 1.83x | 1.49x | Ordinary |
| TRON | 0.77x | 1.33x | Quiet |
| Cardano | 1.27x | 1.33x | Quiet |
| Chainlink | 1.67x | 1.48x | Ordinary |
| Sui | 1.87x | 1.36x | Strong |
| Bitcoin Cash | 1.43x | 1.31x | Quiet |
| Hedera | 1.56x | 1.32x | Ordinary |
| Avalanche | 1.45x | 1.44x | Quiet |
| Litecoin | 1.57x | 1.34x | Ordinary |
| Shiba Inu | 1.51x | 1.30x | Ordinary |
| Uniswap | 0.81x | 1.26x | Quiet |
| Polkadot | 1.98x | 1.27x | Strong |
| Aave | 1.55x | 1.37x | Ordinary |
| NEAR Protocol | 2.00x | 1.29x | Strong |
| Aptos | 1.75x | 1.34x | Strong |
| Internet Computer | 1.48x | 1.11x | Quiet |
| POL (prev. MATIC) | 1.29x | 1.29x | Quiet |
| Filecoin | 1.50x | 1.34x | Quiet |
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 1.48x 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 Internet Computer 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.