How Chainlink reacted to Durable Goods Orders on 25 February 2022

The release

Released by the Bureau of Census on 25 February 2022 at 8:30 AM EST. Durable Goods Orders came in at 1.2% for January 2022, against 3.3% in December 2021. Durable goods orders are still rising, but more slowly than before.

It arrived at the same moment as Durable Goods Orders Excluding Transportation, Personal Income and Outlays, Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.

Measured by Clometrix

Chainlink's volatility ratio was 1.45x, against 1.48x for a typical Durable Orders release since 2021. Its volume ratio was 2.31x, against a typical 1.53x. 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 Chainlink moved

Chainlink was at $13.85 when the figure came out. Fifteen minutes later it was 0.72% higher, and an hour later 0.22% higher. Its high-to-low range in the hour after was 2.02% of its price, against 2.09% in the hour before.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Chainlink about as much as those at other times: a median volatility ratio of 1.48x across 20, against 1.48x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.45x compares with 1.48x for those, about what its circumstances would suggest.

How it compares

Across 69 Durable Orders releases since 2021, Chainlink's usual price swing is 1.48x. This one was 0.98 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.48x. Thick line: this release, 1.45x. 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	13.86	13.83	13.83	-0.14%	0.22%	0.22%	3,410 LINK
5 minutes	13.96	13.83	13.93	0.57%	0.93%	0.50%	40,975 LINK
10 minutes	14.00	13.83	13.99	1.00%	1.21%	0.65%	94,360 LINK
15 minutes	14.02	13.83	13.95	0.72%	1.36%	0.72%	123,263 LINK
30 minutes	14.02	13.80	13.86	0.07%	1.57%	1.01%	204,497 LINK
1 hour	14.02	13.74	13.88	0.22%	2.00%	2.08%	336,276 LINK
2 hours	14.02	13.61	13.86	0.07%	2.92%	3.45%	784,394 LINK
4 hours	14.17	13.61	14.00	1.07%	3.95%	5.53%	1.304M LINK
6 hours	14.17	13.61	13.92	0.50%	3.95%	5.53%	1.738M LINK
8 hours	14.17	13.16	14.00	5.86%	7.13%	2.90%	2.507M LINK
12 hours	15.05	13.61	14.71	5.85%	9.57%	6.10%	3.706M LINK

Every coin at this release

Coin	Price swing	Usual for Durable Orders	Reaction
Bitcoin	1.72x	1.44x	Ordinary
Ethereum	1.19x	1.38x	Quiet
XRP	2.01x	1.13x	Strong
BNB	1.45x	1.28x	Quiet
Solana	2.19x	1.32x	Strong
Dogecoin	1.72x	1.49x	Ordinary
TRON	1.39x	1.33x	Quiet
Cardano	1.92x	1.33x	Strong
Chainlink	1.45x	1.48x	Quiet
Bitcoin Cash	1.26x	1.31x	Quiet
Hedera	1.66x	1.32x	Ordinary
Avalanche	1.89x	1.44x	Strong
Litecoin	1.64x	1.34x	Ordinary
Shiba Inu	1.71x	1.30x	Strong
Uniswap	1.23x	1.26x	Quiet
Polkadot	1.58x	1.27x	Ordinary
Aave	2.16x	1.37x	Strong
NEAR Protocol	1.21x	1.29x	Quiet
Internet Computer	0.85x	1.11x	Quiet
POL (prev. MATIC)	1.01x	1.29x	Quiet
Filecoin	1.20x	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.

Every Durable Orders release for Chainlink

Questions about this page

Is 1.45x 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 Chainlink 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.