Data Analysis
The release
Released by the Bureau of Economic Analysis on 29 July 2022 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.5% for June 2022, against 0.4% in May 2022. Personal income is rising faster than before.
It arrived at the same moment as Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.
How Ethereum moved
Ethereum was at $1,679.13 when the figure came out. Fifteen minutes later it was 1.2% lower, and an hour later 0.19% lower. Its high-to-low range in the hour after was 1.65% of its price, against 2.07% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 1.93x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 2.93x, against a typical 2.15x. 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, Personal Income releases in the two weeks before a Fed decision have moved Ethereum about as much as those at other times: a median volatility ratio of 1.86x across 18, against 1.77x across 51. This one came out 2 days after the Federal Reserve's 27 July rate decision. Its own ratio of 1.93x compares with 1.77x for those, about what its circumstances would suggest.
Its record
Across 69 Personal Income releases since 2021, Ethereum's median volatility ratio is 1.80x.
What it means
Ethereum registered an ordinary volatility response to the Personal Income and Outlays release that arrived with PCE and core PCE data. The volatility ratio reached 1.93 times the baseline quarter-hour level, near the 1.80 times median observed across Personal Income events since 2021, while volume expanded to 2.93 times normal against a typical 2.15 times. The hourly high-to-low range contracted to 1.65 percent of price from 2.07 percent in the prior hour, and the price stood 1.2 percent lower fifteen minutes after the 8:30 AM print.
Placement two days after the Federal Reserve's July decision put the release outside the two-week window ahead of the next meeting. That timing produced a volatility ratio in line with the 1.77 times median for non-pre-decision Personal Income prints and close to the 1.86 times median for the pre-decision subset.
The record shows Personal Income releases have generated comparable volatility effects whether or not they fall near Federal Reserve decisions. This instance, classified as ordinary, supplies no evidence that timing relative to meetings alters the typical magnitude of the reaction.
About Personal Income and Outlays
Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.
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
1,699.62Close
1,729.1924h Change
29.57 (1.71%)24h High
1,765.9924h Low
1,655.0224h Volume
1.196M ETHUS Personal Income and Outlays
Bureau of Economic Analysis
29th July, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1680.66 | 1680.67 | 1677.96 | 1679.14 | -0.09% | 0.16% | 990 ETH |
| During | 1679.13 | 1682.76 | 1673.00 | 1675.42 | -0.22% | 0.58% | 3,468 ETH |
| 5 Minutes | |||||||
| Before | 1678.53 | 1682.99 | 1677.96 | 1679.14 | 0.04% | 0.30% | 6,248 ETH |
| During | 1679.13 | 1682.76 | 1667.91 | 1671.19 | -0.48% | 0.88% | 9,729 ETH |
| 10 Minutes | |||||||
| Before | 1683.67 | 1684.97 | 1677.24 | 1679.14 | -0.27% | 0.46% | 8,136 ETH |
| During | 1679.13 | 1682.76 | 1661.35 | 1668.00 | -0.67% | 1.27% | 18,281 ETH |
| 15 Minutes | |||||||
| Before | 1674.40 | 1685.55 | 1667.69 | 1679.14 | 0.28% | 1.06% | 21,560 ETH |
| During | 1679.13 | 1682.76 | 1658.14 | 1658.99 | -1.21% | 1.46% | 26,291 ETH |
| 30 Minutes | |||||||
| Before | 1681.40 | 1685.55 | 1667.69 | 1679.14 | -0.13% | 1.06% | 30,563 ETH |
| During | 1679.13 | 1682.76 | 1655.02 | 1666.15 | -0.78% | 1.65% | 69,738 ETH |
| 1 Hour | |||||||
| Before | 1696.01 | 1699.01 | 1664.27 | 1679.14 | -1.00% | 2.04% | 99,858 ETH |
| During | 1679.13 | 1682.76 | 1655.02 | 1676.00 | -0.19% | 1.65% | 89,158 ETH |
| 2 Hours | |||||||
| Before | 1719.94 | 1727.77 | 1664.27 | 1679.14 | -2.43% | 3.68% | 131,169 ETH |
| During | 1679.13 | 1744.00 | 1655.02 | 1734.69 | 3.20% | 5.10% | 205,112 ETH |
| 4 Hours | |||||||
| Before | 1715.69 | 1733.11 | 1664.27 | 1679.14 | -2.18% | 3.97% | 194,742 ETH |
| During | 1679.13 | 1744.00 | 1655.02 | 1669.50 | -0.58% | 5.10% | 355,363 ETH |
| 6 Hours | |||||||
| Before | 1732.01 | 1752.03 | 1664.27 | 1679.14 | -3.15% | 5.01% | 287,510 ETH |
| During | 1679.13 | 1744.00 | 1655.02 | 1721.76 | 2.48% | 5.10% | 470,235 ETH |
| 8 Hours | |||||||
| Before | 1699.62 | 1752.03 | 1692.64 | 1715.69 | 0.94% | 3.39% | 288,472 ETH |
| During | 1715.69 | 1744.00 | 1655.02 | 1669.50 | -2.77% | 5.10% | 550,105 ETH |
| 12 Hours | |||||||
| Before | 1699.62 | 1752.03 | 1664.27 | 1679.14 | -1.22% | 5.01% | 483,214 ETH |
| During | 1679.13 | 1765.99 | 1655.02 | 1729.19 | 2.89% | 6.28% | 712,772 ETH |
