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June 02, 2023Uniswap recovering almost all the way back to $6.63 today, after dipping down to $6.29.
On the flip side, data for United States Crude Oil Inventories published yesterday at 15:00 UTC came out at 4.49 million, beating projections of -1.10 million and showing improvement over the preceding figure of -12.46 million. Highly important Initial Jobless Claims data from United States beat analyst expectations of 235,000 with a reading of 232,000.
Meanwhile, United States ISM Manufacturing PMI (May) came out at 46.9, while a consensus of analysts was expecting 47.
As the day gets underway, chart analysis suggests UNICORN Token USD could begin to recover as it approaches significant support, now $1.53 away from $4.91. Dipping below could be an indication that further losses are ahead.
Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash is up 1.58% to $115.15. Cardano is up 2.33%.
Looking ahead, ongoing depreciation may be prolonged as today at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 180,000 from the preceding figure of 253,000. Today at 12:30 UTC data for United States Average Hourly Earnings will be released, with an expected decline to 0.4% from the preceding figure of 0.5%. United States Unemployment Rate projected to come out at 3.5 — worse than previous data of 3.4; data will be released today at 12:30 UTC.
Registering some good gains for about 3 months now. Uniswap has recovered 2,761,848% since descending to a significant low of $0 around 3 months ago.
