Data Analysis
The release
Released by the Bureau of Census on 16 June 2020 at 8:30 AM EDT. The Retail Sales Excluding Automobiles came in at 13.3% for May 2020, against -14.5% in April 2020. Retail sales excluding autos are rising again, after a fall.
It arrived at the same moment as Retail Sales, so the reaction measured on this page belongs to all of them together.
How Bitcoin moved
Bitcoin was at $9,489.57 when the figure came out. Fifteen minutes later it was 0.55% higher, and an hour later 0.38% higher. Its high-to-low range in the hour after was 1.06% of its price, against 0.53% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 2.00x, against 1.54x for a typical Retail Sales Ex Autos release since 2021. Its volume ratio was 1.73x, against a typical 1.74x. 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, Retail Sales Ex Autos 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 1.72x across 27, against 1.54x across 43. This one was not within two weeks of a Fed decision. Its own ratio of 2.00x compares with 1.54x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 70 Retail Sales Ex Autos releases since 2021, Bitcoin's median volatility ratio is 1.54x.
About Retail Sales Excluding Automobiles
The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending excluding the automobile sector. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one. The advanced estimated data is based on a subsample from the USCB complete retail & food services sample.
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
9,408.95Close
9,493.8124h Change
84.86 (0.89%)24h High
9,589.0024h Low
9,373.0924h Volume
52,458 BTCUS Retail Sales Excluding Automobiles
Bureau of Census
16th June, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 9496.01 | 9496.02 | 9489.44 | 9489.44 | -0.07% | 0.07% | 50 BTC |
| During | 9489.57 | 9508.48 | 9488.85 | 9506.07 | 0.17% | 0.21% | 51 BTC |
| 5 Minutes | |||||||
| Before | 9495.95 | 9508.00 | 9489.44 | 9489.44 | -0.07% | 0.20% | 485 BTC |
| During | 9489.57 | 9519.99 | 9488.85 | 9515.64 | 0.27% | 0.33% | 196 BTC |
| 10 Minutes | |||||||
| Before | 9497.82 | 9508.00 | 9488.84 | 9489.44 | -0.09% | 0.20% | 638 BTC |
| During | 9489.57 | 9540.00 | 9488.85 | 9530.25 | 0.43% | 0.54% | 579 BTC |
| 15 Minutes | |||||||
| Before | 9521.43 | 9522.10 | 9475.04 | 9489.44 | -0.34% | 0.49% | 1,011 BTC |
| During | 9489.57 | 9542.80 | 9488.85 | 9541.65 | 0.55% | 0.57% | 744 BTC |
| 30 Minutes | |||||||
| Before | 9509.17 | 9525.00 | 9475.04 | 9489.44 | -0.21% | 0.52% | 1,360 BTC |
| During | 9489.57 | 9577.92 | 9488.85 | 9565.00 | 0.79% | 0.93% | 1,859 BTC |
| 1 Hour | |||||||
| Before | 9498.63 | 9525.00 | 9475.04 | 9489.44 | -0.10% | 0.52% | 2,099 BTC |
| During | 9489.57 | 9589.00 | 9488.85 | 9526.01 | 0.38% | 1.04% | 4,492 BTC |
| 2 Hours | |||||||
| Before | 9517.99 | 9540.00 | 9475.04 | 9489.44 | -0.30% | 0.68% | 3,892 BTC |
| During | 9489.57 | 9589.00 | 9488.85 | 9518.53 | 0.30% | 1.04% | 7,261 BTC |
| 4 Hours | |||||||
| Before | 9484.55 | 9543.47 | 9475.04 | 9489.44 | 0.05% | 0.72% | 7,611 BTC |
| During | 9489.57 | 9589.00 | 9400.00 | 9475.24 | -0.15% | 1.97% | 14,480 BTC |
| 6 Hours | |||||||
| Before | 9534.69 | 9543.47 | 9455.00 | 9489.44 | -0.48% | 0.93% | 12,829 BTC |
| During | 9489.57 | 9589.00 | 9400.00 | 9498.88 | 0.10% | 1.97% | 17,933 BTC |
| 8 Hours | |||||||
| Before | 9408.95 | 9582.05 | 9373.09 | 9485.00 | 0.80% | 2.18% | 20,015 BTC |
| During | 9484.55 | 9589.00 | 9400.00 | 9475.24 | -0.10% | 1.97% | 22,091 BTC |
| 12 Hours | |||||||
| Before | 9408.95 | 9582.05 | 9373.09 | 9489.44 | 0.85% | 2.18% | 27,626 BTC |
| During | 9489.57 | 9589.00 | 9400.00 | 9493.81 | 0.04% | 1.97% | 24,832 BTC |
