Data Analysis
The release
Released by the Bureau of Census on 15 June 2022 at 8:30 AM EDT. The Retail Sales Excluding Automobiles came in at 0.8% for May 2022, against 1.3% in April 2022. Retail sales excluding autos are still rising, but more slowly 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 0.66x, against 1.54x for a typical Retail Sales Ex Autos release since 2021. Its volume ratio was 0.95x, 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 $21,213.24 when the figure came out. Fifteen minutes later it was 0.22% higher, and an hour later 1.06% higher. Its high-to-low range in the hour after was 2.72% of its price, against 3.02% 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 15 June rate decision. Its own ratio of 0.66x 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
21,981.68Close
22,558.8124h Change
577.13 (2.56%)24h High
22,806.5924h Low
20,111.6224h Volume
201,372 BTCUS Retail Sales Excluding Automobiles
Bureau of Census
15th June, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 21189.72 | 21216.96 | 21172.75 | 21213.24 | 0.11% | 0.21% | 78 BTC |
| During | 21213.24 | 21248.69 | 21177.01 | 21185.22 | -0.13% | 0.34% | 109 BTC |
| 5 Minutes | |||||||
| Before | 21210.50 | 21289.43 | 21172.75 | 21213.24 | 0.01% | 0.55% | 493 BTC |
| During | 21213.24 | 21248.69 | 21118.36 | 21197.74 | -0.07% | 0.61% | 541 BTC |
| 10 Minutes | |||||||
| Before | 21279.80 | 21299.99 | 21172.75 | 21213.24 | -0.31% | 0.60% | 1,167 BTC |
| During | 21213.24 | 21248.69 | 21096.66 | 21155.02 | -0.28% | 0.72% | 1,018 BTC |
| 15 Minutes | |||||||
| Before | 21362.84 | 21580.00 | 21172.75 | 21213.24 | -0.71% | 1.89% | 3,301 BTC |
| During | 21213.24 | 21270.36 | 21096.66 | 21260.77 | 0.22% | 0.82% | 1,588 BTC |
| 30 Minutes | |||||||
| Before | 21177.04 | 21580.00 | 21045.13 | 21213.24 | 0.17% | 2.48% | 5,312 BTC |
| During | 21213.24 | 21427.90 | 21096.66 | 21197.61 | -0.07% | 1.55% | 3,031 BTC |
| 1 Hour | |||||||
| Before | 20970.08 | 21580.00 | 20939.41 | 21213.24 | 1.15% | 2.97% | 10,756 BTC |
| During | 21213.24 | 21673.90 | 21096.66 | 21437.85 | 1.05% | 2.66% | 6,728 BTC |
| 2 Hours | |||||||
| Before | 20512.27 | 21580.00 | 20394.80 | 21213.24 | 3.30% | 5.49% | 19,892 BTC |
| During | 21213.24 | 21798.95 | 21096.66 | 21376.16 | 0.76% | 3.22% | 14,127 BTC |
| 4 Hours | |||||||
| Before | 20465.91 | 21580.00 | 20111.62 | 21213.24 | 3.52% | 6.80% | 47,308 BTC |
| During | 21213.24 | 21798.95 | 21080.26 | 21210.54 | -0.01% | 3.30% | 22,718 BTC |
| 6 Hours | |||||||
| Before | 21099.34 | 21580.00 | 20111.62 | 21213.24 | 0.54% | 6.80% | 71,886 BTC |
| During | 21213.24 | 21798.95 | 20250.00 | 20752.47 | -2.22% | 7.11% | 48,777 BTC |
| 8 Hours | |||||||
| Before | 21981.68 | 22297.37 | 20322.65 | 20464.94 | -7.41% | 8.86% | 61,470 BTC |
| During | 20465.91 | 21798.95 | 20111.62 | 21210.54 | 3.51% | 7.74% | 70,026 BTC |
| 12 Hours | |||||||
| Before | 21981.68 | 22297.37 | 20111.62 | 21213.24 | -3.62% | 9.80% | 108,778 BTC |
| During | 21213.24 | 22806.59 | 20250.00 | 22558.81 | 5.96% | 11.21% | 92,595 BTC |
