Data Analysis
The release
Released by the Bureau of Census, Bureau of Economic Analysis on 7 July 2022 at 8:30 AM EDT. The International Exports in Goods and Services rose to $259.1B for May 2022, from $256.7B in April 2022.
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
Bitcoin's volatility ratio was 1.06x, against 1.10x for a typical International Exports release since 2021. Its volume ratio was 0.89x, against a typical 1.22x. 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 Bitcoin moved
Bitcoin was at $20,430.04 when the figure came out. Fifteen minutes later it was 0.08% higher, and an hour later 0.18% lower. Its high-to-low range in the hour after was 0.39% of its price, against 0.55% in the hour before.
What made it matter
Since 2021, International Exports releases in the two weeks before a Fed decision have moved Bitcoin less than those at other times: a median volatility ratio of 0.97x across 23, against 1.25x across 47. This one was not within two weeks of a Fed decision. Its own ratio of 1.06x compares with 1.25x 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.
BTC-USDT
Bitcoin
Open
20,519.58Close
21,621.4524h Change
1101.87 (5.10%)24h High
21,838.1024h Low
20,251.6824h Volume
84,554 BTCUS International Exports in Goods and Services
Bureau of Census, Bureau of Economic Analysis
7th July, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 20432.17 | 20439.06 | 20425.20 | 20430.04 | -0.01% | 0.07% | 54 BTC |
| During | 20430.04 | 20436.01 | 20401.94 | 20433.36 | 0.02% | 0.17% | 45 BTC |
| 5 Minutes | |||||||
| Before | 20409.24 | 20443.53 | 20396.73 | 20430.04 | 0.10% | 0.23% | 363 BTC |
| During | 20430.04 | 20437.02 | 20392.72 | 20395.17 | -0.17% | 0.22% | 198 BTC |
| 10 Minutes | |||||||
| Before | 20450.48 | 20450.48 | 20396.73 | 20430.04 | -0.10% | 0.26% | 679 BTC |
| During | 20430.04 | 20437.02 | 20383.36 | 20427.72 | -0.01% | 0.26% | 399 BTC |
| 15 Minutes | |||||||
| Before | 20484.99 | 20510.00 | 20396.73 | 20430.04 | -0.27% | 0.55% | 904 BTC |
| During | 20430.04 | 20457.68 | 20383.36 | 20446.78 | 0.08% | 0.36% | 527 BTC |
| 30 Minutes | |||||||
| Before | 20507.83 | 20510.00 | 20396.73 | 20430.04 | -0.38% | 0.55% | 1,264 BTC |
| During | 20430.04 | 20459.83 | 20383.36 | 20428.59 | -0.01% | 0.37% | 796 BTC |
| 1 Hour | |||||||
| Before | 20447.97 | 20510.00 | 20396.73 | 20430.04 | -0.09% | 0.55% | 1,995 BTC |
| During | 20430.04 | 20459.83 | 20381.00 | 20393.95 | -0.18% | 0.39% | 1,767 BTC |
| 2 Hours | |||||||
| Before | 20540.16 | 20558.65 | 20396.73 | 20430.04 | -0.54% | 0.79% | 3,843 BTC |
| During | 20430.04 | 20739.00 | 20378.16 | 20722.52 | 1.41% | 1.74% | 8,771 BTC |
| 4 Hours | |||||||
| Before | 20419.25 | 20619.50 | 20395.65 | 20430.04 | 0.05% | 1.09% | 9,293 BTC |
| During | 20430.04 | 21035.00 | 20378.16 | 20925.52 | 2.37% | 3.12% | 20,109 BTC |
| 6 Hours | |||||||
| Before | 20344.05 | 20619.50 | 20299.72 | 20430.04 | 0.42% | 1.55% | 13,212 BTC |
| During | 20430.04 | 21200.00 | 20378.16 | 21100.60 | 3.18% | 3.88% | 29,060 BTC |
| 8 Hours | |||||||
| Before | 20519.58 | 20592.89 | 20251.68 | 20419.25 | -0.49% | 1.66% | 14,579 BTC |
| During | 20419.25 | 21035.00 | 20378.16 | 20925.52 | 2.42% | 3.12% | 29,402 BTC |
| 12 Hours | |||||||
| Before | 20519.58 | 20619.50 | 20251.68 | 20430.04 | -0.44% | 1.78% | 23,872 BTC |
| During | 20430.04 | 21838.10 | 20378.16 | 21621.45 | 5.51% | 6.69% | 60,682 BTC |
