Data Analysis
The release
Released by the Bureau of Census on 24 June 2021 at 8:30 AM EDT. Durable Goods Orders came in at 0.2% for May 2021, against -0.5% in April 2021. Durable goods orders are rising again, after a fall.
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.
Measured by Clometrix
Ethereum's volatility ratio was 0.85x, against 1.34x for a typical Durable Orders release since 2021. Its volume ratio was 1.07x, against a typical 1.57x. 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 Ethereum moved
Ethereum was at $1,973.13 when the figure came out. Fifteen minutes later it was 0.47% lower, and an hour later 0.5% lower. Its high-to-low range in the hour after was 1.21% of its price, against 2.42% in the hour before.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Ethereum more than those at other times: a median volatility ratio of 1.66x across 19, against 1.30x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 0.85x compares with 1.30x for those, so it moved the price less than its circumstances would suggest.
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.
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.
ETH-USDT
Ethereum
Open
1,968.90Close
2,007.5224h Change
38.62 (1.92%)24h High
2,036.6124h Low
1,884.7924h Volume
701,128 ETHUS Durable Goods Orders
Bureau of Census
24th June, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1970.19 | 1973.37 | 1970.19 | 1973.09 | 0.15% | 0.16% | 971 ETH |
| During | 1973.13 | 1973.13 | 1968.77 | 1970.09 | -0.15% | 0.22% | 809 ETH |
| 5 Minutes | |||||||
| Before | 1971.65 | 1973.37 | 1966.69 | 1973.09 | 0.07% | 0.34% | 3,244 ETH |
| During | 1973.13 | 1973.13 | 1965.10 | 1965.87 | -0.37% | 0.41% | 2,793 ETH |
| 10 Minutes | |||||||
| Before | 1978.68 | 1978.82 | 1966.69 | 1973.09 | -0.28% | 0.61% | 6,607 ETH |
| During | 1973.13 | 1973.13 | 1962.79 | 1965.38 | -0.39% | 0.52% | 4,827 ETH |
| 15 Minutes | |||||||
| Before | 1980.50 | 1984.86 | 1966.69 | 1973.09 | -0.38% | 0.92% | 9,786 ETH |
| During | 1973.13 | 1973.13 | 1962.02 | 1963.91 | -0.47% | 0.56% | 6,257 ETH |
| 30 Minutes | |||||||
| Before | 1965.25 | 1990.01 | 1964.99 | 1973.09 | 0.40% | 1.26% | 30,436 ETH |
| During | 1973.13 | 1979.12 | 1962.02 | 1977.78 | 0.24% | 0.86% | 12,592 ETH |
| 1 Hour | |||||||
| Before | 1944.24 | 1990.01 | 1942.23 | 1973.09 | 1.46% | 2.40% | 45,424 ETH |
| During | 1973.13 | 1981.62 | 1957.81 | 1963.27 | -0.50% | 1.20% | 23,751 ETH |
| 2 Hours | |||||||
| Before | 1940.90 | 1990.01 | 1928.91 | 1973.09 | 1.63% | 3.07% | 66,863 ETH |
| During | 1973.13 | 1981.62 | 1956.90 | 1963.67 | -0.48% | 1.25% | 38,838 ETH |
| 4 Hours | |||||||
| Before | 1933.05 | 1990.01 | 1924.03 | 1973.09 | 2.03% | 3.32% | 125,896 ETH |
| During | 1973.13 | 2019.89 | 1956.90 | 1982.23 | 0.46% | 3.12% | 149,937 ETH |
| 6 Hours | |||||||
| Before | 1915.67 | 1990.01 | 1913.77 | 1973.09 | 2.91% | 3.83% | 172,339 ETH |
| During | 1973.13 | 2036.61 | 1956.90 | 2020.26 | 2.33% | 3.91% | 247,344 ETH |
| 8 Hours | |||||||
| Before | 1968.90 | 1969.71 | 1884.79 | 1933.05 | -1.85% | 4.31% | 212,241 ETH |
| During | 1933.05 | 2019.89 | 1924.03 | 1982.23 | 2.48% | 4.75% | 275,833 ETH |
| 12 Hours | |||||||
| Before | 1968.90 | 1990.01 | 1884.79 | 1973.09 | 0.21% | 5.29% | 338,137 ETH |
| During | 1973.13 | 2036.61 | 1956.90 | 2007.52 | 1.71% | 3.91% | 362,990 ETH |
