How TRON reacted to the International Trade Balance in Goods and Services on 3 July 2024

Measured by Clometrix

TRON's volatility ratio was 1.53x, against 1.12x for a typical Balance of Trade release since 2021. Its volume ratio was 1.10x, against a typical 1.24x. That is a strong reaction by this release's own standard. 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 TRON moved

TRON was at $0.1289 when the figure came out. Fifteen minutes later it was 0.23% lower, and an hour later unchanged. Its high-to-low range in the hour after was 0.75% of its price, against 0.71% in the hour before.

The release

Released by the Bureau of Census, Bureau of Economic Analysis on 3 July 2024 at 8:30 AM EDT. The deficit widened to $74.5B for May 2024, from $73.1B (The International Trade Balance in Goods and Services).

It arrived at the same moment as International Imports in Goods and Services, International Exports in Goods and Services, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Balance of Trade releases in the two weeks before a Fed decision have moved TRON less than those at other times: a median volatility ratio of 1.00x across 23, against 1.25x across 47. This one was not within two weeks of a Fed decision. Its own ratio of 1.53x compares with 1.25x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 70 Balance of Trade releases since 2021, TRON's median volatility ratio is 1.12x.

How it compares

Across 70 Balance of Trade releases since 2021, TRON's usual price swing is 1.12x. This one was 1.37 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Balance of Trade's usual, 1.12x. Thick line: this release, 1.53x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After	High	Low	Close	Change	Range	Range before	Volume
1 minute	0.12892	0.1289	0.12891	0.01%	0.02%	0.04%	73,555 TRX
5 minutes	0.12892	0.12871	0.12876	-0.11%	0.16%	0.04%	537,340 TRX
10 minutes	0.12892	0.12868	0.1287	-0.16%	0.19%	0.21%	936,054 TRX
15 minutes	0.12892	0.1286	0.1286	-0.23%	0.25%	0.22%	2.471M TRX
30 minutes	0.12892	0.12854	0.12855	-0.27%	0.29%	0.70%	5.268M TRX
1 hour	0.12939	0.12842	0.12892	0.02%	0.75%	0.70%	18.247M TRX
2 hours	0.12941	0.12842	0.1292	0.23%	0.77%	0.90%	32.31M TRX
4 hours	0.12941	0.12842	0.12912	0.17%	0.77%	1.17%	46.643M TRX
6 hours	0.12941	0.12842	0.12916	0.20%	0.77%	1.17%	59.812M TRX
8 hours	0.12997	0.12842	0.12912	-0.23%	1.19%	0.89%	129.925M TRX
12 hours	0.12966	0.12824	0.12895	0.04%	1.10%	1.17%	126.35M TRX

Every coin at this release

Coin	Price swing	Usual for Balance of Trade	Reaction
Bitcoin	1.84x	1.10x	Strong
Ethereum	1.95x	1.25x	Strong
XRP	2.15x	1.07x	Exceptional
BNB	2.17x	1.08x	Exceptional
Solana	2.22x	1.17x	Strong
Dogecoin	2.77x	1.15x	Exceptional
TRON	1.53x	1.12x	Strong
Cardano	1.86x	1.10x	Strong
Chainlink	1.83x	1.12x	Strong
Sui	2.67x	1.05x	Exceptional
Bitcoin Cash	1.85x	1.18x	Strong
Hedera	1.28x	1.09x	Quiet
Avalanche	1.85x	1.01x	Strong
Litecoin	2.03x	1.26x	Strong
Shiba Inu	1.96x	1.04x	Strong
Uniswap	2.31x	1.18x	Strong
Polkadot	1.66x	1.03x	Strong
Aave	1.39x	1.13x	Quiet
Bittensor	1.64x	1.18x	Strong
NEAR Protocol	1.62x	1.07x	Strong
Aptos	2.08x	1.19x	Strong
Internet Computer	1.78x	1.07x	Strong
POL (prev. MATIC)	2.37x	1.03x	Exceptional
Filecoin	3.03x	1.01x	Exceptional

What is the International Trade Balance in Goods and Services?

The balance of trade (BOT) measures economic transactions between a nation and its trading partners, showing the difference between the value of a country's imports and exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in and out of the country. Economists use this information to gauge the relative strength of a country's economy. When exports are higher than imports, it tends to boost GDP. In the opposite scenario, it creates a trade deficit.

Every Balance of Trade release for TRON

Questions about this page

Is 1.53x a lot?

For a Balance of Trade release it is strong: the usual is 1.12x. Each report has its own usual size, and its releases show it.

Will the next Balance of Trade do the same?

Nobody can say. A forecast shows the range TRON moved in after past Balance of Trade releases, so you can plan for the likely size of the move.

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.