Macro Rumble

How Monero (XMR) reacts to macro news

XMR barely notices US PPI: 1.3× a normal hour, no clearer than noise.

n=112 releases since 2017 · median move vs matched normal hours

Monero (XMR) has data for 1,346 scheduled macro releases across 10 event types. The biggest typical +1h move (median size, either direction) came after US Nonfarm Payrolls (NFP) (±0.58%, 1.1× a normal hour), the smallest after UK Consumer Price Index (CPI) (±0.45%, 1.2× a normal hour).

Next release that moves XMR: FOMC rate decision,

Data: Kraken. XMR prices are Kraken spot XMR/USD 5-minute and hourly candles from 1 May 2017 (when Kraken trading in XMR became continuous). One exchange for the whole history, so no figures mix sources. Kraken's outage from 11 to 13 Jan 2018 is left as a gap, so the releases in it have no figures. Sources.

How much bigger the XMR move is after each event than in a normal hour (median vs matched quiet hours; 1× = no different). Faded bars are not clearly above noise. Tap a bar for every release.

Every event, ranked by how much it moves XMR

Ranked by the move multiple: the median move after a release vs a matched normal hour. "Top-10%" is how often a release gives a move bigger than 90% of normal ones (10% would be no different from normal). Impact is the event's site-wide rating (see methodology). Typical move sizes by window follow (median absolute move, either direction). Click a column to sort; click an event for every release.

Event× normalTop-10%Impact+5m+1h+4h+24h% up +1hn
US Producer Price Index (PPI)1.3×7%Medium0.16%0.50%1.10%2.24%54%112
US Consumer Price Index (CPI)1.2×15%High0.25%0.57%1.07%2.07%50%112
US retail sales1.2×11%Low0.18%0.58%1.19%2.42%45%110
UK Consumer Price Index (CPI)1.2×10%Low0.11%0.45%0.79%1.77%46%113
US initial jobless claims1.1×10%Medium0.17%0.49%1.03%2.13%52%487
US Nonfarm Payrolls (NFP)1.1×18%High0.25%0.58%0.97%1.69%51%113
FOMC rate decision1.1×17%High0.34%0.55%1.14%2.84%55%75
US PCE inflation (Personal Income and Outlays)1.1×14%Medium0.14%0.46%1.00%1.95%50%111
Bank of England rate decision1.0×9%Low0.15%0.55%0.96%2.13%50%76
US GDP (advance estimate)0.7×3%Medium0.33%0.57%0.78%1.77%43%37

Past releases, not a forecast. Typical sizes hide big differences between individual releases; open an event to see them all.

Backtest XMR rules →XMR seasonality →

Recaps where XMR moved most

Event recaps ranked by the size of XMR's first-hour move. All event recaps →

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