ETH Volatility Analysis for Retail Sales, 13th December 2019

Data Analysis

The release

Released by the Bureau of Census on 13 December 2019 at 8:30 AM EST. Retail Sales came in at 0.7% for November 2019, against 0.3% in October 2019. Retail sales are rising faster than before.

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 1.00x, against 1.43x for a typical Retail Sales release since 2021. Its volume ratio was 1.60x, 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 $144.37 when the figure came out. Fifteen minutes later it was 0.18% higher, and an hour later 0.21% lower. Its high-to-low range in the hour after was 0.53% of its price, against 0.37% 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 came out 2 days after the Federal Reserve's 11 December rate decision. Its own ratio of 1.00x 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

144.76

24h Change

0.00 (0.00%)

24h High

146.00

24h Low

142.80

24h Volume

154,723 ETH

US Retail Sales

Bureau of Census

13th December, 2019, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	144.36	144.41	144.36	144.38	0.01%	0.03%	63 ETH
During	144.37	144.42	144.37	144.40	0.02%	0.03%	69 ETH

5 Minutes
Before	144.29	144.41	144.28	144.38	0.06%	0.09%	381 ETH
During	144.37	144.48	144.37	144.47	0.07%	0.08%	421 ETH

10 Minutes
Before	144.32	144.41	144.25	144.38	0.04%	0.11%	653 ETH
During	144.37	144.52	144.37	144.42	0.03%	0.10%	879 ETH

15 Minutes
Before	144.40	144.44	144.25	144.38	-0.01%	0.13%	968 ETH
During	144.37	144.64	144.37	144.63	0.18%	0.19%	1,770 ETH

30 Minutes
Before	144.63	144.78	144.25	144.38	-0.17%	0.37%	2,349 ETH
During	144.37	144.64	144.33	144.33	-0.03%	0.21%	3,959 ETH

1 Hour
Before	144.41	144.78	144.25	144.38	-0.02%	0.37%	5,990 ETH
During	144.37	144.64	143.87	144.06	-0.22%	0.53%	7,236 ETH

2 Hours
Before	144.35	144.78	144.11	144.38	0.02%	0.46%	13,341 ETH
During	144.37	144.64	143.83	144.26	-0.08%	0.56%	14,317 ETH

4 Hours
Before	144.31	144.78	143.77	144.38	0.05%	0.70%	22,656 ETH
During	144.37	145.25	143.83	144.77	0.28%	0.98%	38,043 ETH

6 Hours
Before	144.41	146.00	142.80	144.38	-0.02%	2.19%	60,952 ETH
During	144.37	145.25	143.83	144.54	0.12%	0.98%	47,228 ETH

8 Hours
Before	144.76	146.00	142.80	144.30	-0.32%	2.19%	64,508 ETH
During	144.31	145.25	143.77	144.77	0.32%	1.02%	60,699 ETH

12 Hours
Before	144.76	146.00	142.80	144.38	-0.26%	2.19%	87,163 ETH
During	144.37	145.25	143.83	144.76	0.27%	0.98%	67,560 ETH