ETH Volatility Analysis for Durable Orders, 25th October 2017

Data Analysis

The data released by Bureau of Census for Durable Goods Orders on 25th October, 2017 has come in at an increase to 3.4% for September 2017. Compared to the previous release for August 2017 at 1.6%, we can see that business confidence is increasing month over month.

To see the impact and volatility of ETH's price during the Durable Orders release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 1,954 ETH with prices swinging between 288.42 and 300.00, representing a swing of 3.86%. Subsequently, the trading volume decreased by 9% to 1,787 ETH. Price action ranged from a low of 290.01 to a high of 295.02, a difference of 1.70%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 181 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 289.06 to a high of 290.89, a 0.63% change. Immediately following, trading volume remain relatively similar at 180 ETH. At this time, Ethereum hit a low of 290.01 with a high of 292.17, a change of 0.74%.

About 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.