How Hedera reacted to Durable Goods Orders on 25 July 2024

The release

Released by the Bureau of Census on 25 July 2024 at 8:30 AM EDT. Durable Goods Orders came in at -2.0% for June 2024, against 0.0% in May 2024. Durable goods orders are falling faster than before.

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.

How Hedera moved

Hedera was at $0.064100 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.62% higher. Its high-to-low range in the hour after was 1.25% of its price, against 1.87% in the hour before.

Measured by Clometrix

Hedera's volatility ratio was 1.53x, against 1.32x for a typical Durable Orders release since 2021. Its volume ratio was 4.63x, against a typical 1.54x. That is about what this release usually does. 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.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Hedera about as much as those at other times: a median volatility ratio of 1.32x across 20, against 1.30x across 49. This one came out 6 days before the Federal Reserve's 31 July rate decision. Its own ratio of 1.53x compares with 1.32x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 69 Durable Orders releases since 2021, Hedera's median volatility ratio is 1.32x.

How it compares

Across 69 Durable Orders releases since 2021, Hedera's usual price swing is 1.32x. This one was 1.16 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.32x. Thick line: this release, 1.53x.

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	0.0642	0.064	0.0642	0.16%	0.31%	0.16%	508,539 HBAR
5 minutes	0.0645	0.064	0.0642	0.16%	0.78%	0.78%	1.406M HBAR
10 minutes	0.0645	0.064	0.0642	0.16%	0.78%	0.78%	3.645M HBAR
15 minutes	0.0645	0.0639	0.0641	0.00%	0.93%	0.78%	4.704M HBAR
30 minutes	0.0645	0.0639	0.0641	0.00%	0.93%	1.23%	6.494M HBAR
1 hour	0.0646	0.0638	0.0645	0.62%	1.24%	1.84%	10.531M HBAR
2 hours	0.0651	0.0638	0.065	1.38%	2.00%	1.84%	17.949M HBAR
4 hours	0.0659	0.0638	0.0659	2.73%	3.19%	3.32%	28.784M HBAR
6 hours	0.0662	0.0638	0.0652	1.69%	3.63%	3.32%	35.453M HBAR
8 hours	0.0662	0.0638	0.0659	0.15%	3.63%	4.18%	45.489M HBAR
12 hours	0.0666	0.0638	0.0663	3.32%	4.20%	4.48%	72.225M HBAR

Every coin at this release

Coin	Price swing	Usual for Durable Orders	Reaction
Bitcoin	2.21x	1.44x	Strong
Ethereum	2.62x	1.38x	Strong
XRP	3.22x	1.13x	Exceptional
BNB	2.53x	1.28x	Strong
Solana	2.36x	1.32x	Strong
Dogecoin	2.63x	1.49x	Strong
TRON	2.34x	1.33x	Strong
Cardano	2.52x	1.33x	Strong
Chainlink	3.00x	1.48x	Exceptional
Sui	2.13x	1.36x	Strong
Bitcoin Cash	2.67x	1.31x	Exceptional
Hedera	1.53x	1.32x	Ordinary
Avalanche	2.68x	1.44x	Strong
Litecoin	2.85x	1.34x	Exceptional
Shiba Inu	2.54x	1.30x	Strong
Uniswap	2.52x	1.26x	Strong
Polkadot	2.01x	1.27x	Strong
Aave	2.61x	1.37x	Strong
Bittensor	1.54x	1.33x	Ordinary
NEAR Protocol	2.19x	1.29x	Strong
Aptos	2.01x	1.34x	Strong
Internet Computer	1.89x	1.11x	Strong
POL (prev. MATIC)	2.51x	1.29x	Strong
Filecoin	3.01x	1.34x	Exceptional

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.

Every Durable Orders release for Hedera

Questions about this page

Is 1.53x a lot?

For a Durable Orders release it is ordinary: the usual is 1.32x. 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 Hedera 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.