Glossary
9 terms used across the site.
C
- Consensus
What economists expected the figure to be, before it came out.
F
- First print
The figure as it was first published, the number the market saw. Agencies often revise it later.
- Forecast
The range a coin moved in after past releases of a report, drawn as a chart. Not a prediction of a price.
P
- Price swing
Also called the volatility ratio. How far the price ranged in the 15 minutes after a release, against a normal 15 minutes that day. 1.00x means no change.
R
- Reaction
The price swing judged against what that report usually does for that coin: quiet, muted, ordinary, strong or exceptional.
- Release
One publication of a report, like the CPI for March. Each has a fixed date and time.
S
- Surprise
The gap between the figure and the consensus. Markets often react to the surprise more than to the figure.
T
- Tier
How much a report tends to move crypto. Tier 1 holds the biggest movers, like CPI and the Fed's rate decision.
- Trading
Also called the volume ratio. How much changed hands in the 15 minutes after a release, against a normal 15 minutes that day. 1.00x means no change.