Data Analysis
The release
Released by the Bureau of Census, Bureau of Economic Analysis on 5 December 2019 at 8:30 AM EST. The International Exports in Goods and Services rose to $212.3B for October 2019, from $211.6B in September 2019.
It arrived at the same moment as International Trade Balance in Goods and Services, International Imports in Goods and Services, 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 0.78x, against 1.25x for a typical International Exports release since 2021. Its volume ratio was 1.32x, against a typical 1.41x. 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 $148.16 when the figure came out. Fifteen minutes later it was 0.18% lower, and an hour later 0.54% lower. Its high-to-low range in the hour after was 0.71% of its price, against 0.67% in the hour before.
What made it matter
Since 2021, International Exports releases in the two weeks before a Fed decision have moved Ethereum less than those at other times: a median volatility ratio of 1.14x across 23, against 1.39x across 47. This one came out 6 days before the Federal Reserve's 11 December rate decision. Its own ratio of 0.78x compares with 1.14x for those, so it moved the price less than its circumstances would suggest.
About International Exports in Goods and Services
International Exports measures economic transactions between a nation and its trading partners, showing the amount of a country's exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move out of the country. Economists use this information to gauge the relative strength of a country's economy.
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
145.90Close
147.5124h Change
1.61 (1.09%)24h High
149.0224h Low
143.6424h Volume
294,354 ETHUS International Exports in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th December, 2019, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 148.01 | 148.18 | 148.01 | 148.15 | 0.09% | 0.11% | 119 ETH |
| During | 148.16 | 148.20 | 148.10 | 148.10 | -0.04% | 0.07% | 82 ETH |
| 5 Minutes | |||||||
| Before | 148.00 | 148.18 | 147.94 | 148.15 | 0.10% | 0.16% | 549 ETH |
| During | 148.16 | 148.20 | 147.90 | 147.92 | -0.16% | 0.20% | 598 ETH |
| 10 Minutes | |||||||
| Before | 147.88 | 148.18 | 147.83 | 148.15 | 0.18% | 0.24% | 1,507 ETH |
| During | 148.16 | 148.20 | 147.81 | 148.06 | -0.07% | 0.26% | 2,519 ETH |
| 15 Minutes | |||||||
| Before | 148.21 | 148.25 | 147.83 | 148.15 | -0.04% | 0.28% | 2,494 ETH |
| During | 148.16 | 148.20 | 147.81 | 147.90 | -0.18% | 0.26% | 2,981 ETH |
| 30 Minutes | |||||||
| Before | 148.14 | 148.76 | 147.83 | 148.15 | 0.01% | 0.63% | 5,470 ETH |
| During | 148.16 | 148.20 | 147.32 | 147.57 | -0.40% | 0.59% | 7,878 ETH |
| 1 Hour | |||||||
| Before | 148.35 | 148.82 | 147.83 | 148.15 | -0.13% | 0.67% | 13,294 ETH |
| During | 148.16 | 148.20 | 147.15 | 147.36 | -0.54% | 0.71% | 12,763 ETH |
| 2 Hours | |||||||
| Before | 146.36 | 149.02 | 146.36 | 148.15 | 1.21% | 1.78% | 35,489 ETH |
| During | 148.16 | 148.20 | 146.56 | 146.93 | -0.84% | 1.11% | 27,415 ETH |
| 4 Hours | |||||||
| Before | 145.99 | 149.02 | 145.72 | 148.15 | 1.46% | 2.21% | 53,432 ETH |
| During | 148.16 | 148.20 | 146.30 | 146.89 | -0.86% | 1.28% | 53,113 ETH |
| 6 Hours | |||||||
| Before | 145.49 | 149.02 | 145.30 | 148.15 | 1.80% | 2.50% | 100,449 ETH |
| During | 148.16 | 148.20 | 146.30 | 147.57 | -0.40% | 1.28% | 64,271 ETH |
| 8 Hours | |||||||
| Before | 145.90 | 146.85 | 143.64 | 145.99 | 0.06% | 2.19% | 136,847 ETH |
| During | 145.99 | 149.02 | 145.72 | 146.89 | 0.61% | 2.21% | 106,545 ETH |
| 12 Hours | |||||||
| Before | 145.90 | 149.02 | 143.64 | 148.15 | 1.52% | 3.61% | 190,279 ETH |
| During | 148.16 | 148.60 | 146.30 | 147.51 | -0.44% | 1.55% | 104,075 ETH |
