Archives of “May 4, 2021” day

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5 pilot programs to launch to test the potential uses of a US central bank digital currency

  
  Analysis

CBDC (central bank digital currency) news overnight via Reuters:

  • U.S. nonprofit Digital Dollar Project will launch five pilot programs over the next 12 months
  • to test the potential uses of a U.S. central bank digital currency
  • The aim is to generate data that could help U.S. policymakers develop a digital dollar.

Here is the link to the Reuters piece for a little more

The Pfizer COVID-19 vaccine to be authorised for ages 12 – 15 in the US next week

  
Analysis, COVID-19

The New York Times reports on further progress in the US vaccination program.

  • FDA to approve its use for the 12 to 15 ages next week.
  • NYT citing federal officials.
Currently the vaccine available to those over the age of 16.
Pfizer COVID-19 vaccine
I saw news earlier the US state of New Jersey is to offer a free beer (not to the above age group, of course) to people who get vaccinated.

Overnight : DOW Closed + 238 points

  
Analysis, US Market

US stocks saw a flow out of the big cap tech Nasdaq index, and into the cyclicals of the Dow 30. The S&P index is also higher.  The NASDAQ index traded as high as 0.57% before reversing and moving down as low as -0.58%.  The index settled near the lows at -0.48%. Meanwhile the DOW index never traded negative on the day (nor did the S&P). The Dow gained 0.7%. The S&P rose by 0.31%

US stocks are mixed

WTI crude oil futures settle at $64.49

  
Analysis, Crude

WTI crude oil futures up $0.91 1.43%

the price of WTI crude oil futures are settling higher on the day on hopes for reopening and stronger global growth. The price settle up $0.91 or 1.43% at $64.49. The high for the day reach $64.68. The low for the day extended to $62.91

WTI crude oil futures up $0.91 1.43%_

Looking at the hourly chart, the price there is closing above its 100 hour moving average currently at $63.81. The price is also closing above the March 20 high at $64.36.  Stay above the 100 hour moving average is a key barometer for the buyers.
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