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March 09, 2023
Uniswap is grinding lower from $6.63 to $6.43, shedding $0.197 (2.98%) today.
United States's Initial Jobless Claims new data released of 211,000 below its previous figure.
Following a previous reading of 190,000, Initial Jobless Claims in United States released today at 13:30 UTC fell short of the 195,000 figure expected by analysts with an actual reading of 211,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.
Amid the market gloom, United States JOLTs Job Openings (Jan) came out at 10.82 million, while a consensus of analysts was expecting 10.5 million.
Despite being in the red so far in the current trading session, UNICORN Token USD peaked above its 200 day Simple Moving Average around $6.11 — typically an early indicator of a new bullish trend beginning to emerge.
Technical analysis shows that Uniswap (currently on a downtrend) might reverse course and start going up in the short term.
In the meantime, negative performances are also seen in other markets, after ending today's session at $21,726, Bitcoin lost $255.51 and is trading around $21,471.
Positive performances can be seen by looking at other markets as FTX Token leaps up 9.54% to trade around $1.36. Having closed the previous session at $1.12, EOS is up 3.18% today to currently trade at around $1.16.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 205,000 from the preceding figure of 517,000.
Furthermore, United States Unemployment Rate is expected tomorrow at 13:30 UTC.
Uniswap hit a significant low of $0 around 27 days ago, but has since recovered 2,761,848%.
