Free tool · Market statistics
Palladium (XPDUSD) volatility by hour, day and month
When Palladium moves, how much, and on which days — measured on 1503 trading days of real one-minute data from our broker feed, 2021-01-04 to 2026-10-30. Descriptive statistics of the past, not a forecast.
Volatility by hour
Over the last 12 months, the hour with the widest average range on Palladium was 01:00–02:00 UTC (201.9 bp), and the quietest was 21:00–22:00 UTC (80.6 bp): 2.5 times smaller.
Average range of each one-hour bar, in basis points of price. Hours without prices in our feed are not drawn.
Table: range by hour, UTC, last 12 months
| Hour (UTC) | Mean, bp | Median, bp | Hours measured |
|---|---|---|---|
| 00:00 | 137.0 | 105.5 | 89 |
| 01:00 | 201.9 | 185.9 | 89 |
| 02:00 | 149.4 | 109.8 | 89 |
| 03:00 | 121.3 | 107.3 | 87 |
| 04:00 | 86.5 | 70.3 | 87 |
| 05:00 | 135.1 | 110.0 | 87 |
| 06:00 | 134.6 | 101.6 | 87 |
| 07:00 | 107.1 | 91.4 | 87 |
| 08:00 | 137.4 | 112.0 | 87 |
| 09:00 | 124.8 | 102.4 | 87 |
| 10:00 | 104.3 | 92.7 | 87 |
| 11:00 | 104.0 | 84.2 | 87 |
| 12:00 | 122.9 | 110.6 | 87 |
| 13:00 | 166.3 | 157.9 | 88 |
| 14:00 | 188.2 | 177.0 | 88 |
| 15:00 | 174.0 | 149.1 | 88 |
| 16:00 | 138.9 | 119.1 | 88 |
| 17:00 | 111.7 | 96.8 | 88 |
| 18:00 | 107.1 | 84.0 | 88 |
| 19:00 | 88.3 | 71.2 | 87 |
| 20:00 | 93.7 | 75.4 | 83 |
| 21:00 | 80.6 | 61.6 | 83 |
| 23:00 | 143.2 | 115.6 | 89 |
Day of the week
Friday has the widest average daily range (4.29%), Tuesday the narrowest (4.06%). No day shows an average open-to-close return that is distinguishable from zero at 95% confidence.
| Day | Average range | Open → close, mean ± 95% CI | Up days | Days |
|---|---|---|---|---|
| Monday | 4.23 % | +0.059 % ± 0.299 | 55.5 % | 299 |
| Tuesday | 4.06 % | −0.091 % ± 0.259 | 49.0 % | 304 |
| Wednesday | 4.14 % | +0.138 % ± 0.278 | 45.0 % | 302 |
| Thursday | 4.22 % | +0.193 % ± 0.292 | 51.7 % | 302 |
| Friday | 4.29 % | −0.253 % ± 0.302 | 47.0 % | 296 |
Average open → close return, year by year (%)
| Year | Mon | Tue | Wed | Thu | Fri |
|---|---|---|---|---|---|
| 2021 | −0.058 | −0.389 | +0.245 | −0.017 | −0.456 |
| 2022 | −0.578 | −0.075 | +0.520 | +0.693 | −0.107 |
| 2023 | +0.265 | −0.040 | −0.062 | +0.202 | −0.076 |
| 2024 | +0.143 | −0.119 | +0.093 | +0.276 | −0.309 |
| 2025 | +0.160 | +0.298 | +0.294 | +0.378 | −0.251 |
| 2026 | +0.491 | −0.250 | −0.348 | −0.488 | −0.338 |
Monthly seasonality
Return of each calendar month, from the first open to the last close. With only 6 years per month, one unusual year moves the average a lot: the median and the year-by-year table are there to show it.
| Month | Mean | Median | Positive | Years |
|---|---|---|---|---|
| January | +1.67 % | −2.29 % | 50 % | 6 |
| February | −1.66 % | −0.28 % | 50 % | 6 |
| March | +0.70 % | +5.30 % | 67 % | 6 |
| April | +1.55 % | +2.41 % | 67 % | 6 |
| May | −6.48 % | −6.45 % | 17 % | 6 |
| June | −0.73 % | −1.99 % | 33 % | 6 |
| July | +3.15 % | +5.12 % | 67 % | 6 |
| August | −2.03 % | −3.00 % | 33 % | 6 |
| September | −1.94 % | +2.44 % | 67 % | 6 |
| October | −2.26 % | −2.68 % | 50 % | 6 |
| November | −6.94 % | −9.75 % | 20 % | 5 |
| December | +2.75 % | +8.41 % | 60 % | 5 |
Every month, year by year (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | −9.7 | +2.9 | +13.2 | +12.4 | −3.6 | −1.5 | −4.4 | −7.5 | −22.7 | +4.8 | −13.3 | +8.4 |
| 2022 | +24.1 | +6.8 | −9.3 | +1.8 | −14.0 | −2.5 | +9.0 | −1.9 | +3.9 | −15.1 | +2.0 | −4.7 |
| 2023 | −8.3 | −13.7 | +3.8 | +3.0 | −9.0 | −9.7 | +4.7 | −4.1 | +1.0 | −10.2 | −9.7 | +8.4 |
| 2024 | −10.9 | −3.5 | +7.3 | −6.1 | −3.9 | +6.7 | −4.2 | +4.1 | +3.8 | +12.0 | −12.8 | −7.8 |
| 2025 | +11.2 | −7.7 | +6.8 | −4.9 | +3.2 | +13.4 | +8.2 | −8.1 | +14.1 | +13.8 | −0.8 | +9.4 |
| 2026 | +3.7 | +5.3 | −17.5 | +3.1 | −11.5 | −10.8 | +5.5 | +5.3 | −11.8 | −18.9 | — | — |
Trading sessions
How much of the day's range happens inside each session, over the last 12 months. Sessions overlap, so the shares do not add up to 100%. A session with no prices in our feed is not listed.
| Session | Average range | Median share of the day's range | Days |
|---|---|---|---|
| Tokyo 09:00–15:00 Tokyo time | 246.1 bp | 53 % | 256 |
| London 08:00–16:30 London time | 342.1 bp | 74 % | 256 |
| New York 08:00–17:00 New York time | 322.5 bp | 70 % | 256 |
Volatility over the last year
ATR (14) as a percentage of the price, one point per trading day.
How it is measured
- One-minute bid prices from the cTrader broker feed we use for our own backtests: 1503 complete trading days, 2021-01-04 to 2026-10-30.
- A trading day is the broker's: it closes at 17:00 New York time, as in cTrader. Partial days (holidays) are left out.
- Range = high − low of the period, as a share of its opening price. 1 bp (basis point) = 0.01%. ATR is Wilder's 14-day average true range.
- The hourly profile is measured in UTC and kept separately for US summer and winter time, so the hours shown in your time zone stay right all year.
- Updated every day after the market data sync. These are descriptive statistics of the past: they are not a forecast and not a trading signal.