The release
Released by the Bureau of Census on 27 September 2023 at 8:30 AM EDT. Durable Goods Orders came in at -1.4% for August 2023, against -3.5% in July 2023. Durable goods orders are still falling, but more slowly than before.
It arrived at the same moment as Durable Goods Orders Excluding Transportation, so the reaction measured on this page belongs to all of them together.
How NEAR Protocol moved
NEAR Protocol was at $1.100 when the figure came out. Fifteen minutes later it was 0.91% lower, and an hour later unchanged. Its high-to-low range in the hour after was 0.91% of its price, against 0.91% in the hour before.
Measured by Clometrix
NEAR Protocol's volume ratio was 3.10x, against a typical 1.25x. Its volatility ratio could not be measured: the price barely moved through the rest of the day, so there is no ordinary quarter hour to compare against. The ratio compares the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved NEAR Protocol about as much as those at other times: a median volatility ratio of 1.26x across 20, against 1.29x across 46. This one was not within two weeks of a Fed decision.
Its record
Across 66 Durable Orders releases since 2021, NEAR Protocol's median volatility ratio is 1.29x.
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 | 1.10 | 1.10 | 1.10 | 0.00% | 0.00% | 0.00% | 803 NEAR |
| 5 minutes | 1.10 | 1.10 | 1.10 | 0.00% | 0.00% | 0.00% | 7,061 NEAR |
| 10 minutes | 1.10 | 1.10 | 1.10 | 0.00% | 0.00% | 0.00% | 20,068 NEAR |
| 15 minutes | 1.10 | 1.09 | 1.09 | -0.92% | 0.91% | 0.00% | 87,993 NEAR |
| 30 minutes | 1.10 | 1.09 | 1.09 | -0.92% | 0.91% | 0.00% | 106,039 NEAR |
| 1 hour | 1.10 | 1.09 | 1.10 | 0.00% | 0.91% | 0.91% | 209,361 NEAR |
| 2 hours | 1.10 | 1.08 | 1.08 | -1.85% | 1.82% | 0.91% | 558,745 NEAR |
| 4 hours | 1.10 | 1.07 | 1.07 | -2.80% | 2.73% | 1.82% | 1.063M NEAR |
| 6 hours | 1.10 | 1.06 | 1.07 | -2.80% | 3.64% | 1.82% | 1.723M NEAR |
| 8 hours | 1.10 | 1.07 | 1.07 | -0.93% | 2.73% | 0.93% | 1.87M NEAR |
| 12 hours | 1.10 | 1.06 | 1.08 | -1.85% | 3.64% | 2.73% | 2.56M NEAR |
Every coin at this release
| Coin | Price swing | Usual for Durable Orders | Reaction |
|---|---|---|---|
| Bitcoin | 3.23x | 1.44x | Exceptional |
| Ethereum | 2.65x | 1.38x | Strong |
| XRP | 1.32x | 1.13x | Quiet |
| BNB | 2.22x | 1.28x | Strong |
| Solana | 1.80x | 1.32x | Strong |
| Dogecoin | 2.27x | 1.49x | Strong |
| TRON | 0.81x | 1.33x | Quiet |
| Cardano | 2.57x | 1.33x | Strong |
| Chainlink | 2.59x | 1.48x | Strong |
| Sui | 1.63x | 1.36x | Ordinary |
| Bitcoin Cash | 1.45x | 1.31x | Quiet |
| Hedera | 1.49x | 1.32x | Quiet |
| Avalanche | 1.98x | 1.44x | Strong |
| Litecoin | 2.71x | 1.34x | Exceptional |
| Shiba Inu | 1.98x | 1.30x | Strong |
| Uniswap | 1.93x | 1.26x | Strong |
| Polkadot | 0.99x | 1.27x | Quiet |
| Aave | 2.63x | 1.37x | Strong |
| NEAR Protocol | Not measured | 1.29x | - |
| Aptos | 2.48x | 1.34x | Strong |
| Internet Computer | 1.97x | 1.11x | Strong |
| POL (prev. MATIC) | 1.76x | 1.29x | Strong |
| Filecoin | 0.98x | 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.
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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.