Data Analysis
The release
Released by the Bureau of Census on 26 April 2022 at 8:30 AM EDT. Durable Goods Orders came in at 0.2% for March 2022, against -1.4% in February 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.
How Bitcoin moved
Bitcoin was at $40,525.48 when the figure came out. Fifteen minutes later it was 0.24% lower, and an hour later 0.8% lower. Its high-to-low range in the hour after was 1.34% of its price, against 0.31% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 1.60x, against 1.45x for a typical Durable Orders release since 2021. Its volume ratio was 1.23x, against a typical 1.59x. That is about what this release usually does. 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.
What made it matter
Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Bitcoin about as much as those at other times: a median volatility ratio of 1.48x across 19, against 1.43x across 49. This one came out 8 days before the Federal Reserve's 4 May rate decision. Its own ratio of 1.60x compares with 1.48x for those, about what its circumstances would suggest.
Its record
Across 68 Durable Orders releases since 2021, Bitcoin's median volatility ratio is 1.45x.
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.
BTC-USDT
Bitcoin
Open
40,552.22Close
38,192.7724h Change
-2359.45 (-6.18%)24h High
40,797.3124h Low
37,702.2624h Volume
66,780 BTCUS Durable Goods Orders
Bureau of Census
26th April, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 40527.74 | 40532.76 | 40516.30 | 40525.47 | -0.01% | 0.04% | 16 BTC |
| During | 40525.48 | 40530.00 | 40504.09 | 40521.01 | -0.01% | 0.06% | 22 BTC |
| 5 Minutes | |||||||
| Before | 40472.01 | 40556.45 | 40465.38 | 40525.47 | 0.13% | 0.22% | 130 BTC |
| During | 40525.48 | 40625.00 | 40504.09 | 40614.03 | 0.22% | 0.30% | 192 BTC |
| 10 Minutes | |||||||
| Before | 40494.86 | 40556.45 | 40465.38 | 40525.47 | 0.08% | 0.22% | 187 BTC |
| During | 40525.48 | 40625.00 | 40501.01 | 40502.35 | -0.06% | 0.31% | 376 BTC |
| 15 Minutes | |||||||
| Before | 40515.35 | 40556.45 | 40465.38 | 40525.47 | 0.02% | 0.22% | 321 BTC |
| During | 40525.48 | 40625.00 | 40401.04 | 40427.12 | -0.24% | 0.55% | 534 BTC |
| 30 Minutes | |||||||
| Before | 40467.03 | 40556.45 | 40431.09 | 40525.47 | 0.14% | 0.31% | 564 BTC |
| During | 40525.48 | 40625.00 | 40187.55 | 40286.35 | -0.59% | 1.08% | 1,496 BTC |
| 1 Hour | |||||||
| Before | 40537.80 | 40556.45 | 40431.09 | 40525.47 | -0.03% | 0.31% | 1,047 BTC |
| During | 40525.48 | 40625.00 | 40083.94 | 40202.63 | -0.80% | 1.33% | 3,366 BTC |
| 2 Hours | |||||||
| Before | 40424.64 | 40579.32 | 40229.41 | 40525.47 | 0.25% | 0.86% | 2,605 BTC |
| During | 40525.48 | 40625.00 | 39530.01 | 39686.82 | -2.11% | 2.70% | 9,401 BTC |
| 4 Hours | |||||||
| Before | 40601.55 | 40604.61 | 40229.41 | 40525.47 | -0.19% | 0.92% | 5,601 BTC |
| During | 40525.48 | 40625.00 | 38342.11 | 38751.02 | -4.58% | 5.62% | 22,094 BTC |
| 6 Hours | |||||||
| Before | 40487.55 | 40797.31 | 40229.41 | 40525.47 | 0.09% | 1.39% | 9,104 BTC |
| During | 40525.48 | 40625.00 | 38000.18 | 38370.01 | -5.62% | 6.46% | 31,790 BTC |
| 8 Hours | |||||||
| Before | 40552.22 | 40797.31 | 40374.23 | 40601.56 | 0.12% | 1.04% | 11,123 BTC |
| During | 40601.55 | 40625.00 | 38342.11 | 38751.02 | -4.78% | 5.62% | 27,695 BTC |
| 12 Hours | |||||||
| Before | 40552.22 | 40797.31 | 40229.41 | 40525.47 | -0.07% | 1.39% | 16,724 BTC |
| During | 40525.48 | 40625.00 | 37702.26 | 38192.77 | -6.11% | 7.19% | 50,055 BTC |
