Data Analysis
The release
Released by the Bureau of Census on 17 November 2020 at 8:30 AM EST. Retail Sales came in at -0.4% for October 2020, against 2.0% in September 2020. Retail sales are falling, after a rise.
It arrived at the same moment as Retail Sales Excluding Automobiles, Import Price Index and Export Price Index, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Ethereum's volatility ratio was 1.11x, against 1.43x for a typical Retail Sales release since 2021. Its volume ratio was 1.69x, against a typical 1.51x. 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 Ethereum moved
Ethereum was at $469.50 when the figure came out. Fifteen minutes later it was 0.18% lower, and an hour later 0.09% higher. Its high-to-low range in the hour after was 0.8% of its price, against 1.14% in the hour before.
What made it matter
Since 2021, Retail Sales releases in the two weeks before a Fed decision have moved Ethereum about as much as those at other times: a median volatility ratio of 1.39x across 27, against 1.43x across 43. This one was not within two weeks of a Fed decision. Its own ratio of 1.11x compares with 1.43x for those, so it moved the price less than its circumstances would suggest.
About Retail Sales
The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending, an important indicator of the US GDP. 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.
ETH-USDT
Ethereum
Open
465.86Close
484.9724h Change
19.11 (3.94%)24h High
488.2524h Low
461.2024h Volume
1.207M ETHUS Retail Sales
Bureau of Census
17th November, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 469.41 | 469.67 | 469.20 | 469.49 | 0.02% | 0.10% | 1,221 ETH |
| During | 469.50 | 469.71 | 469.27 | 469.53 | 0.01% | 0.09% | 1,256 ETH |
| 5 Minutes | |||||||
| Before | 470.00 | 470.20 | 469.00 | 469.49 | -0.11% | 0.26% | 4,547 ETH |
| During | 469.50 | 470.12 | 469.00 | 469.09 | -0.09% | 0.24% | 5,629 ETH |
| 10 Minutes | |||||||
| Before | 469.72 | 470.20 | 468.54 | 469.49 | -0.05% | 0.35% | 12,267 ETH |
| During | 469.50 | 470.12 | 467.72 | 468.46 | -0.22% | 0.51% | 10,460 ETH |
| 15 Minutes | |||||||
| Before | 470.75 | 470.83 | 467.52 | 469.49 | -0.27% | 0.70% | 22,184 ETH |
| During | 469.50 | 470.12 | 467.67 | 468.67 | -0.18% | 0.52% | 14,634 ETH |
| 30 Minutes | |||||||
| Before | 471.11 | 471.47 | 467.52 | 469.49 | -0.35% | 0.84% | 36,894 ETH |
| During | 469.50 | 470.12 | 467.33 | 467.72 | -0.38% | 0.59% | 24,245 ETH |
| 1 Hour | |||||||
| Before | 467.10 | 472.43 | 467.09 | 469.49 | 0.51% | 1.13% | 91,106 ETH |
| During | 469.50 | 470.33 | 466.59 | 469.94 | 0.09% | 0.80% | 43,318 ETH |
| 2 Hours | |||||||
| Before | 466.25 | 472.43 | 464.35 | 469.49 | 0.69% | 1.71% | 148,631 ETH |
| During | 469.50 | 471.00 | 466.59 | 468.77 | -0.16% | 0.94% | 90,140 ETH |
| 4 Hours | |||||||
| Before | 463.85 | 472.43 | 461.80 | 469.49 | 1.20% | 2.25% | 212,927 ETH |
| During | 469.50 | 483.74 | 466.59 | 480.32 | 2.25% | 3.55% | 371,557 ETH |
| 6 Hours | |||||||
| Before | 466.03 | 472.43 | 461.80 | 469.49 | 0.74% | 2.25% | 278,738 ETH |
| During | 469.50 | 483.74 | 466.59 | 483.19 | 2.83% | 3.55% | 506,995 ETH |
| 8 Hours | |||||||
| Before | 465.86 | 467.10 | 461.20 | 463.86 | -0.43% | 1.26% | 213,050 ETH |
| During | 463.85 | 483.74 | 461.80 | 480.32 | 3.43% | 4.54% | 584,483 ETH |
| 12 Hours | |||||||
| Before | 465.86 | 472.43 | 461.20 | 469.49 | 0.77% | 2.38% | 425,977 ETH |
| During | 469.50 | 488.25 | 466.59 | 484.97 | 3.19% | 4.44% | 780,675 ETH |
