Data Analysis
The release
Released by the Bureau of Census on 16 March 2022 at 8:30 AM EDT. The Retail Sales Excluding Automobiles came in at 1.3% for February 2022, against 0.6% in January 2022. Retail sales excluding autos are rising faster than before.
It arrived at the same moment as Retail Sales, Import Price Index and Export Price Index, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Bitcoin's volatility ratio was 0.95x, against 1.54x for a typical Retail Sales Ex Autos release since 2021. Its volume ratio was 0.57x, 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 $40,506.17 when the figure came out. Fifteen minutes later it was 0.24% lower, and an hour later 0.26% lower. Its high-to-low range in the hour after was 0.76% of its price, against 0.73% 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 came out on the day of the Federal Reserve's 16 March rate decision. Its own ratio of 0.95x compares with 1.72x 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
39,286.70Close
40,982.5124h Change
1695.81 (4.14%)24h High
41,718.0024h Low
38,828.4824h Volume
88,023 BTCUS Retail Sales Excluding Automobiles
Bureau of Census
16th March, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 40492.63 | 40520.00 | 40492.45 | 40506.18 | 0.03% | 0.07% | 8 BTC |
| During | 40506.17 | 40557.97 | 40502.28 | 40526.09 | 0.05% | 0.14% | 23 BTC |
| 5 Minutes | |||||||
| Before | 40472.46 | 40550.09 | 40468.26 | 40506.18 | 0.08% | 0.20% | 103 BTC |
| During | 40506.17 | 40557.97 | 40447.99 | 40457.86 | -0.12% | 0.27% | 82 BTC |
| 10 Minutes | |||||||
| Before | 40456.90 | 40550.09 | 40400.00 | 40506.18 | 0.12% | 0.37% | 231 BTC |
| During | 40506.17 | 40557.97 | 40343.01 | 40384.99 | -0.30% | 0.53% | 246 BTC |
| 15 Minutes | |||||||
| Before | 40491.99 | 40550.09 | 40400.00 | 40506.18 | 0.04% | 0.37% | 352 BTC |
| During | 40506.17 | 40557.97 | 40343.01 | 40410.01 | -0.24% | 0.53% | 319 BTC |
| 30 Minutes | |||||||
| Before | 40521.60 | 40695.80 | 40400.00 | 40506.18 | -0.04% | 0.73% | 1,336 BTC |
| During | 40506.17 | 40557.97 | 40343.01 | 40360.41 | -0.36% | 0.53% | 660 BTC |
| 1 Hour | |||||||
| Before | 40450.21 | 40695.80 | 40400.00 | 40506.18 | 0.14% | 0.73% | 2,628 BTC |
| During | 40506.17 | 40557.97 | 40252.06 | 40400.00 | -0.26% | 0.75% | 1,476 BTC |
| 2 Hours | |||||||
| Before | 40410.40 | 40695.80 | 40163.26 | 40506.18 | 0.24% | 1.31% | 4,860 BTC |
| During | 40506.17 | 41194.60 | 40252.06 | 40925.00 | 1.02% | 2.29% | 6,547 BTC |
| 4 Hours | |||||||
| Before | 39724.83 | 40731.30 | 39698.00 | 40506.18 | 1.93% | 2.54% | 12,168 BTC |
| During | 40506.17 | 41194.60 | 40041.40 | 40135.14 | -0.92% | 2.80% | 13,278 BTC |
| 6 Hours | |||||||
| Before | 39352.54 | 40731.30 | 39342.01 | 40506.18 | 2.85% | 3.41% | 16,315 BTC |
| During | 40506.17 | 41194.60 | 39560.00 | 39726.51 | -1.96% | 3.97% | 24,252 BTC |
| 8 Hours | |||||||
| Before | 39286.70 | 41718.00 | 38828.48 | 39724.82 | 1.10% | 6.93% | 32,420 BTC |
| During | 39724.83 | 41194.60 | 39698.00 | 40135.14 | 1.02% | 3.63% | 25,446 BTC |
| 12 Hours | |||||||
| Before | 39286.70 | 41718.00 | 38828.48 | 40506.18 | 3.01% | 6.93% | 44,588 BTC |
| During | 40506.17 | 41471.36 | 39311.53 | 40982.51 | 1.16% | 5.21% | 43,434 BTC |
