ETH Volatility Analysis for Retail Sales Ex Autos, 14th February 2020

Data Analysis

The data released by Bureau of Census for Retail Sales Excluding Automobiles on 14th February, 2020 has come in at a decrease to 0.2% for January 2020. Compared to the previous release for December 2019 at 0.9%, we can see that consumer sentiment is still increasing but slowed month over month.

To see the impact and volatility of ETH's price during the Retail Sales Ex Autos release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 128,247 ETH with prices swinging between 267.10 and 273.08, representing a swing of 2.19%. Subsequently, the trading volume increased by 23% to 157,598 ETH. Price action ranged from a low of 269.44 to a high of 277.97, a difference of 3.07%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 5,944 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 269.11 to a high of 270.45, a 0.50% change. Immediately following, trading volume decreased by 52% to 2,867 ETH. At this time, Ethereum hit a low of 269.44 with a high of 270.68, a change of 0.46%.

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.