Data Analysis
The release
Released by the Bureau of Census on 14 April 2022 at 8:30 AM EDT. The Retail Sales Excluding Automobiles came in at 2.8% for March 2022, against 1.3% in February 2022. Retail sales excluding autos are rising faster than before.
It arrived at the same moment as Retail Sales, Import Price Index, Export Price Index, 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 0.93x, against 1.54x for a typical Retail Sales Ex Autos release since 2021. Its volume ratio was 1.01x, against a typical 1.74x. 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 $41,026.40 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.44% higher. Its high-to-low range in the hour after was 0.74% of its price, against 0.6% in the hour before.
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 0.93x compares with 1.54x for those, so it moved the price less than its circumstances would suggest.
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
41,226.06Close
40,102.3924h Change
-1123.67 (-2.80%)24h High
41,500.0024h Low
39,551.9424h Volume
36,833 BTCUS Retail Sales Excluding Automobiles
Bureau of Census
14th April, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 41045.81 | 41048.04 | 41026.40 | 41026.41 | -0.05% | 0.05% | 6 BTC |
| During | 41026.40 | 41079.37 | 41026.40 | 41079.37 | 0.13% | 0.13% | 15 BTC |
| 5 Minutes | |||||||
| Before | 41050.00 | 41056.64 | 41000.01 | 41026.41 | -0.06% | 0.14% | 88 BTC |
| During | 41026.40 | 41083.23 | 40992.95 | 41018.54 | -0.02% | 0.22% | 128 BTC |
| 10 Minutes | |||||||
| Before | 41021.40 | 41083.48 | 41000.01 | 41026.41 | 0.01% | 0.20% | 171 BTC |
| During | 41026.40 | 41083.23 | 40980.00 | 41010.98 | -0.04% | 0.25% | 239 BTC |
| 15 Minutes | |||||||
| Before | 40999.99 | 41098.42 | 40999.99 | 41026.41 | 0.06% | 0.24% | 384 BTC |
| During | 41026.40 | 41083.23 | 40980.00 | 41025.23 | 0.00% | 0.25% | 280 BTC |
| 30 Minutes | |||||||
| Before | 40919.99 | 41098.42 | 40873.66 | 41026.41 | 0.26% | 0.55% | 781 BTC |
| During | 41026.40 | 41186.90 | 40980.00 | 41149.98 | 0.30% | 0.50% | 973 BTC |
| 1 Hour | |||||||
| Before | 41001.47 | 41098.42 | 40851.50 | 41026.41 | 0.06% | 0.60% | 1,369 BTC |
| During | 41026.40 | 41285.23 | 40980.00 | 41206.48 | 0.44% | 0.74% | 1,724 BTC |
| 2 Hours | |||||||
| Before | 41160.84 | 41170.00 | 40851.50 | 41026.41 | -0.33% | 0.77% | 3,133 BTC |
| During | 41026.40 | 41300.00 | 40310.41 | 40475.22 | -1.36% | 2.40% | 7,010 BTC |
| 4 Hours | |||||||
| Before | 41223.08 | 41275.13 | 40851.50 | 41026.41 | -0.48% | 1.03% | 5,819 BTC |
| During | 41026.40 | 41300.00 | 39855.75 | 39940.03 | -2.72% | 3.50% | 13,152 BTC |
| 6 Hours | |||||||
| Before | 41261.42 | 41360.00 | 40851.50 | 41026.41 | -0.57% | 1.23% | 7,843 BTC |
| During | 41026.40 | 41300.00 | 39772.58 | 39924.66 | -2.76% | 3.70% | 16,722 BTC |
| 8 Hours | |||||||
| Before | 41226.06 | 41500.00 | 41107.37 | 41223.08 | -0.01% | 0.95% | 8,077 BTC |
| During | 41223.08 | 41300.00 | 39855.75 | 39940.03 | -3.21% | 3.50% | 18,971 BTC |
| 12 Hours | |||||||
| Before | 41226.06 | 41500.00 | 40851.50 | 41026.41 | -0.49% | 1.56% | 13,895 BTC |
| During | 41026.40 | 41300.00 | 39551.94 | 40102.39 | -2.30% | 4.23% | 22,938 BTC |
