Macro Rumble

How Uniswap (UNI) reacts to macro news

UNI moves 2.7× a normal hour after FOMC; 44% of releases give it a top-10% hour.

n=48 releases since 2020 · mostly 2022+ · median move vs matched normal hours

Uniswap (UNI) has data for 847 scheduled macro releases across 10 event types. The biggest typical +1h move (median size, either direction) came after FOMC rate decision (±1.50%, 2.7× a normal hour), the smallest after US initial jobless claims (±0.61%, 1.1× a normal hour).

Next release that moves UNI: FOMC rate decision,

Data: Kraken. UNI prices are Kraken spot UNI/USD 5-minute and hourly candles from 1 Nov 2020 (when Kraken trading in UNI became continuous). One exchange for the whole history, so no figures mix sources. Sources.

How much bigger the UNI 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 UNI

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 decision2.7×44%High0.67%1.50%2.28%3.77%69%48
US Consumer Price Index (CPI)1.9×37%High0.76%1.48%1.89%2.70%54%71
US GDP (advance estimate)1.6×13%Medium0.16%0.98%1.23%1.84%35%23
Bank of England rate decision1.5×10%Low0.18%0.66%1.28%2.14%42%48
US Nonfarm Payrolls (NFP)1.4×28%High0.58%0.74%1.48%2.84%52%71
US retail sales1.4×17%Low0.29%0.70%1.45%3.10%63%70
UK Consumer Price Index (CPI)1.2×16%Low0.19%0.64%0.99%3.63%54%71
US Producer Price Index (PPI)1.2×16%Medium0.40%0.69%1.71%2.92%52%71
US PCE inflation (Personal Income and Outlays)1.1×17%Medium0.34%0.87%1.92%2.32%45%69
US initial jobless claims1.1×10%Medium0.26%0.61%1.46%3.18%49%305

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

Backtest UNI rules →UNI seasonality →

Recaps where UNI moved most

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

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