How BNB reacted to Durable Goods Orders on 27 July 2022

The short answer

A strong reaction. In the 15 minutes after the figure came out, BNB's price swung 2.27 times as much as in a normal 15 minutes that day. For a Durable Orders release, 1.28 times is usual. An hour later the price was 0.31% higher.

2.27x

Strong

Trading (volume ratio)
3.17x
usual for Durable Orders: 1.43x
Price at 8:30 AM
$254.60
15 minutes later
+0.71%
One hour later
+0.31%
range 1.06%, hour before 1.41%
BNB/USDT, 1 minute candles around the release, 8:30 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
248.60
Close
269.60
24h change
7.79%
24h high
272.00
24h low
247.50
24h volume
660,718 BNB

Measured by Clometrix

BNB's volatility ratio was 2.27x, against 1.28x for a typical Durable Orders release since 2021. Its volume ratio was 3.17x, against a typical 1.43x. 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 BNB moved

BNB was at $254.60 when the figure came out. Fifteen minutes later it was 0.71% higher, and an hour later 0.31% higher. Its high-to-low range in the hour after was 1.06% of its price, against 1.41% in the hour before.

The release

Released by the Bureau of Census on 27 July 2022 at 8:30 AM EDT. Durable Goods Orders came in at 2.2% for June 2022, against -0.1% in May 2022. Durable goods orders are rising again, after a fall.

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.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved BNB about as much as those at other times: a median volatility ratio of 1.28x across 20, against 1.28x across 49. This one came out on the day of the Federal Reserve's 27 July rate decision. Its own ratio of 2.27x compares with 1.28x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 69 Durable Orders releases since 2021, BNB's median volatility ratio is 1.28x.

How it compares

Across 69 Durable Orders releases since 2021, BNB's usual price swing is 1.28x. This one was 1.78 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.28x. Thick line: this release, 2.27x.

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 254.60 254.30 254.50 -0.04% 0.12% 0.04% 210 BNB
5 minutes 255.00 254.30 254.90 0.12% 0.27% 0.16% 1,076 BNB
10 minutes 256.60 254.30 255.50 0.35% 0.90% 0.16% 10,589 BNB
15 minutes 256.60 254.30 256.40 0.70% 0.90% 0.24% 13,686 BNB
30 minutes 257.00 254.30 256.60 0.78% 1.05% 1.18% 20,434 BNB
1 hour 257.00 254.30 255.40 0.31% 1.05% 1.41% 27,962 BNB
2 hours 259.90 254.30 257.70 1.20% 2.15% 1.41% 67,637 BNB
4 hours 259.90 254.30 259.40 1.85% 2.15% 1.41% 108,033 BNB
6 hours 265.20 254.30 264.00 3.56% 4.11% 1.41% 239,554 BNB
8 hours 259.90 251.30 259.40 2.66% 3.31% 2.94% 161,890 BNB
12 hours 272.00 254.30 269.60 5.56% 6.51% 2.94% 479,644 BNB

Every coin at this release

Coin Price swing Usual for Durable Orders Reaction
Bitcoin 1.86x 1.44x Ordinary
Ethereum 2.87x 1.38x Exceptional
XRP 2.29x 1.13x Exceptional
BNB 2.27x 1.28x Strong
Solana 2.41x 1.32x Strong
Dogecoin 2.49x 1.49x Strong
TRON 2.36x 1.33x Strong
Cardano 2.60x 1.33x Strong
Chainlink 3.03x 1.48x Exceptional
Bitcoin Cash 2.00x 1.31x Strong
Hedera 2.53x 1.32x Strong
Avalanche 2.51x 1.44x Strong
Litecoin 2.05x 1.34x Strong
Shiba Inu 2.16x 1.30x Strong
Uniswap 1.67x 1.26x Strong
Polkadot 1.75x 1.27x Strong
Aave 2.81x 1.37x Exceptional
NEAR Protocol 2.96x 1.29x Exceptional
Internet Computer 1.66x 1.11x Strong
POL (prev. MATIC) 1.97x 1.29x Strong
Filecoin 1.67x 1.34x Ordinary

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 BNB

Questions about this page

Is 2.27x a lot?

For a Durable Orders release it is strong: the usual is 1.28x. 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 BNB moved in after past Durable Orders releases, so you can plan for the likely size of the move.

More questions ยท Glossary

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.