Macro Rumble

How Stellar (XLM) reacts to macro news

XLM moves 2.0× a normal hour after FOMC; 28% of releases give it a top-10% hour.

n=68 releases since 2018 · median move vs matched normal hours

Stellar (XLM) has data for 1,230 scheduled macro releases across 10 event types. The biggest typical +1h move (median size, either direction) came after US Consumer Price Index (CPI) (±0.86%, 1.3× a normal hour), the smallest after UK Consumer Price Index (CPI) (±0.44%, 1.4× a normal hour).

Next release that moves XLM: FOMC rate decision,

Data: Kraken. XLM prices are Kraken spot XLM/USD 5-minute and hourly candles from 1 Mar 2018 (when Kraken trading in XLM became continuous). One exchange for the whole history, so no figures mix sources. Sources.

How much bigger the XLM 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 XLM

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
FOMC rate decision2.0×28%High0.43%0.70%1.19%3.09%63%68
UK Consumer Price Index (CPI)1.4×13%Low0.09%0.44%0.85%2.45%52%103
US Consumer Price Index (CPI)1.3×24%High0.39%0.86%1.36%2.44%56%103
US PCE inflation (Personal Income and Outlays)1.1×12%Medium0.23%0.52%1.00%2.38%42%101
US retail sales1.1×8%Low0.21%0.65%1.11%2.27%52%101
US Producer Price Index (PPI)1.1×10%Medium0.20%0.59%1.07%2.77%57%103
US initial jobless claims1.1×9%Medium0.18%0.48%1.06%2.47%48%445
US Nonfarm Payrolls (NFP)1.0×5%High0.32%0.59%1.03%1.77%55%103
US GDP (advance estimate)1.0×12%Medium0.18%0.67%1.08%1.94%47%34
Bank of England rate decision0.9×4%Low0.13%0.45%1.09%2.22%46%69

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

Backtest XLM rules →XLM seasonality →

Recaps where XLM moved most

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

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