The release
Released by the Bureau of Census on 22 December 2023 at 8:30 AM EST. Durable Goods Orders came in at 4.4% for November 2023, against -4.1% in October 2023. Durable goods orders are rising again, after a fall.
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
Cardano's volatility ratio was 1.42x, against 1.33x for a typical Durable Orders release since 2021. Its volume ratio was 1.01x, against a typical 1.34x. 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 Cardano moved
Cardano was at $0.6154 when the figure came out. Fifteen minutes later it was 0.42% higher, and an hour later 1.32% lower. Its high-to-low range in the hour after was 1.97% of its price, against 0.91% in the hour before.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Cardano about as much as those at other times: a median volatility ratio of 1.24x across 19, against 1.33x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.42x compares with 1.33x for those, about what its circumstances would suggest.
How it compares
Across 68 Durable Orders releases since 2021, Cardano's usual price swing is 1.33x. This one was 1.07 times the usual.
Thin line: Durable Orders's usual, 1.33x. Thick line: this release, 1.42x. 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 | 0.6154 | 0.6134 | 0.6137 | -0.28% | 0.32% | 0.08% | 196,323 ADA |
| 5 minutes | 0.6154 | 0.6128 | 0.614 | -0.23% | 0.42% | 0.34% | 816,881 ADA |
| 10 minutes | 0.6179 | 0.6128 | 0.6177 | 0.37% | 0.83% | 0.34% | 1.205M ADA |
| 15 minutes | 0.6186 | 0.6128 | 0.618 | 0.42% | 0.94% | 0.34% | 1.662M ADA |
| 30 minutes | 0.6186 | 0.6128 | 0.6179 | 0.40% | 0.94% | 0.73% | 2.897M ADA |
| 1 hour | 0.6186 | 0.6065 | 0.6073 | -1.33% | 1.96% | 0.91% | 7.064M ADA |
| 2 hours | 0.6186 | 0.6065 | 0.6142 | -0.20% | 1.96% | 1.21% | 13.1M ADA |
| 4 hours | 0.62 | 0.6065 | 0.6175 | 0.34% | 2.18% | 1.68% | 26.198M ADA |
| 6 hours | 0.6249 | 0.6065 | 0.6182 | 0.45% | 2.94% | 2.53% | 39.091M ADA |
| 8 hours | 0.62 | 0.6065 | 0.6175 | 1.34% | 2.18% | 7.08% | 50.302M ADA |
| 12 hours | 0.6254 | 0.6065 | 0.608 | -1.22% | 3.02% | 7.08% | 67.068M ADA |
Every coin at this release
| Coin | Price swing | Usual for Durable Orders | Reaction |
|---|---|---|---|
| Bitcoin | 2.16x | 1.44x | Strong |
| Ethereum | 1.38x | 1.38x | Quiet |
| XRP | 1.13x | 1.13x | Quiet |
| BNB | 1.25x | 1.28x | Quiet |
| Solana | 1.44x | 1.32x | Quiet |
| Dogecoin | 2.33x | 1.49x | Strong |
| TRON | 0.92x | 1.33x | Quiet |
| Cardano | 1.42x | 1.33x | Quiet |
| Chainlink | 1.78x | 1.48x | Ordinary |
| Sui | 1.42x | 1.36x | Quiet |
| Bitcoin Cash | 1.12x | 1.31x | Quiet |
| Hedera | 1.04x | 1.32x | Quiet |
| Avalanche | 1.45x | 1.44x | Quiet |
| Litecoin | 1.34x | 1.34x | Quiet |
| Shiba Inu | 2.55x | 1.30x | Strong |
| Uniswap | 1.24x | 1.26x | Quiet |
| Polkadot | 1.98x | 1.27x | Strong |
| Aave | 0.87x | 1.37x | Quiet |
| NEAR Protocol | 0.75x | 1.29x | Quiet |
| Aptos | 1.29x | 1.34x | Quiet |
| Internet Computer | 1.00x | 1.11x | Quiet |
| POL (prev. MATIC) | 2.22x | 1.29x | Strong |
| Filecoin | 1.26x | 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 1.42x 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 Cardano 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.