NEOWISE, the NASA mission that cataloged objects around Earth for over a decade, has come to an end

By Toshi Hirabayashi, Georgia Institute of Technology and Yaeji Kim, University of Maryland 

The NASA project NEOWISE, which has given astronomers a detailed view of near-Earth objects – some of which could strike the Earth – ended its mission and burned on reentering the atmosphere after over a decade.

On a clear night, the sky is full of bright objects – from stars, large planets and galaxies to tiny asteroids flying near Earth. These asteroids are commonly known as near-Earth objects, and they come in a wide variety of sizes. Some are tens of kilometers across or larger, while others are only tens of meters or smaller.

On occasion, near-Earth objects smash into Earth at a high speed – roughly 10 miles per second (16 kilometers per second) or faster. That’s about 15 times as fast as a rifle’s muzzle speed. An impact at that speed can easily damage the planet’s surface and anything on it.

WISE, NEOWISE’s predecessor mission, imaged the entire sky in the mid-infrared range.
NASA/JPL/Caltech/UCLA

Impacts from large near-Earth objects are generally rare over a typical human lifetime. But they’re more frequent on a geological timescale of millions to billions of years. The best example may be a 6-mile-wide (10-kilometer-wide) asteroid that crashed into Earth, killed the dinosaurs and created Chicxulub crater about 65 million years ago.

Smaller impacts are very common on Earth, as there are more small near-Earth objects. An international community effort called planetary defense protects humans from these space intruders by cataloging and monitoring as many near-Earth objects as possible, including those closely approaching Earth. Researchers call the near-Earth objects that could collide with the surface potentially hazardous objects.

NASA began its NEOWISE mission in December 2013. This mission’s primary focus was to use the space telescope from the Wide-field Infrared Survey Explorer to closely detect and characterize near-Earth objects such as asteroids and comets.

NEOWISE contributed to planetary defense efforts with its research to catalog near-Earth objects. Over the past decade, it helped planetary defenders like us and our colleagues study near-Earth objects.

An illustration of the WISE spacecraft, which looks like a metal cylinder with a solar panel attached.
NASA’s NEOWISE mission, the spacecraft for which is shown here, surveyed for near-Earth objects.
NASA/JPL-Caltech

Detecting near-Earth objects

NEOWISE was a game-changing mission, as it revolutionized how to survey near-Earth objects.

The NEOWISE mission continued to use the spacecraft from NASA’s WISE mission, which ran from late 2009 to 2011 and conducted an all-sky infrared survey to detect not only near-Earth objects but also distant objects such as galaxies.

The spacecraft orbited Earth from north to south, passing over the poles, and it was in a Sun-synchronous orbit, where it could see the Sun in the same direction over time. This position allowed it to scan all of the sky efficiently.

The spacecraft could survey astronomical and planetary objects by detecting the signatures they emitted in the mid-infrared range.

Humans’ eyes can sense visible light, which is electromagnetic radiation between 400 and 700 nanometers. When we look at stars in the sky with the naked eye, we see their visible light components.

However, mid-infrared light contains waves between 3 and 30 micrometers and is invisible to human eyes.

When heated, an object stores that heat as thermal energy. Unless the object is thermally insulated, it releases that energy continuously as electromagnetic energy, in the mid-infrared range.

This process, known as thermal emission, happens to near-Earth objects after the Sun heats them up. The smaller an asteroid, the fainter its thermal emission. The NEOWISE spacecraft could sense thermal emissions from near-Earth objects at a high level of sensitivity – meaning it could detect small asteroids.

But asteroids aren’t the only objects that emit heat. The spacecraft’s sensors could pick up heat emissions from other sources too – including the spacecraft itself.

To make sure heat from the spacecraft wasn’t hindering the search, the WISE/NEOWISE spacecraft was designed so that it could actively cool itself using then-state-of-the-art solid hydrogen cryogenic cooling systems.

Operation phases

Since the spacecraft’s equipment needed to be very sensitive to detect faraway objects for WISE, it used solid hydrogen, which is extremely cold, to cool itself down and avoid any noise that could mess with the instruments’ sensitivity. Eventually the coolant ran out, but not until WISE had successfully completed its science goals.

During the cryogenic phase when it was actively cooling itself, the spacecraft operated at a temperature of about -447 degrees Fahrenheit (-266 degrees Celsius), slightly higher than the universe’s temperature, which is about -454 degrees Fahrenheit (-270 degrees Celsius).

The cryogenic phase lasted from 2009 to 2011, until the spacecraft went into hibernation in 2011.

Following the hibernation period, NASA decided to reactivate the WISE spacecraft under the NEOWISE mission, with a more specialized focus on detecting near-Earth objects, which was still feasible even without the cryogenic cooling.

During this reactivation phase, the detectors didn’t need to be quite as sensitive, nor the spacecraft kept as cold as it was during the cryogenic cooling phase, since near-Earth objects are closer than WISE’s faraway targets.

The consequence of losing the active cooling was that two long-wave detectors out of the four on board became so hot that they could no longer function, limiting the craft’s capability.

Nevertheless, NEOWISE used its two operational detectors to continuously monitor both previously and newly detected near-Earth objects in detail.

NEOWISE’s legacy

As of February 2024, NEOWISE had taken more than 1.5 million infrared measurements of about 44,000 different objects in the solar system. These included about 1,600 discoveries of near-Earth objects. NEOWISE also provided detailed size estimates for more than 1,800 near-Earth objects.

Despite the mission’s contributions to science and planetary defense, it was decommissioned in August 2024. The spacecraft eventually started to fall toward Earth’s surface, until it reentered Earth’s atmosphere and burned up on Nov. 1, 2024.

NEOWISE’s contributions to hunting near-Earth objects gave scientists much deeper insights into the asteroids around Earth. It also gave scientists a better idea of what challenges they’ll need to overcome to detect faint objects.

So, did NEOWISE find all the near-Earth objects? The answer is no. Most scientists still believe that there are far more near-Earth objects out there that still need to be identified, particularly smaller ones.

An illustration showing the NEO Surveyor craft, which looks like a small box with a square lens and a satellite dish, floating through space
An illustration of NEO Surveyor, which will continue to detect and catalog near-Earth objects once it is launched into space.
NASA/JPL-Caltech/University of Arizona

To carry on NEOWISE’s legacy, NASA is planning a mission called NEO Surveyor. NEO Surveyor will be a next-generation space telescope that can study small near-Earth asteroids in more detail, mainly to contribute to NASA’s planetary defense efforts. It will identify hundreds of thousands of near-Earth objects that are as small as about 33 feet (10 meters) across. The spacecraft’s launch is scheduled for 2027.The Conversation

About the Author:

Toshi Hirabayashi, Associate Professor of Aerospace Engineering, Georgia Institute of Technology and Yaeji Kim, Postdoctoral Associate in Astronomy, University of Maryland

This article is republished from The Conversation under a Creative Commons license. Read the original article.

ECB may go for a double rate cut in December. US stock indices continue to update historical highs

By JustMarkets 

On Monday, the Dow Jones (US30) fell by 0.29%. The S&P 500 Index (US500) gained 0.24%. The Nasdaq Technology Index (US100) added 1.12%. Better-than-expected US economic news on the ISM Manufacturing Index for November and construction spending for October bolstered the outlook for a soft landing and boosted stocks. The US Manufacturing PMI for November rose 1.9 to a 5-month high of 48.4, beating expectations of 47.5. US construction spending for October rose 0.4% mom, stronger than expectations of 0.2% mom.

Tesla (TSLA) shares are up more than 4% after Roth Capital Partners upgraded the stock to “buy” from “neutral.” Shares of Cloudflare (NET) are up more than 5% after Morgan Stanley upgraded the stock to overweight from equal weight with a $130 price target.

Equity markets in Europe rallied on Monday. Germany’s DAX (DE40) rose by 1.57%, France’s CAC 40 (FR40) closed higher by 0.02%, Spain’s IBEX 35 (ES35) gained 0.81%, and the UK’s FTSE 100 (UK100) closed up 0.31%. The S&P German Manufacturing PMI for November from S&P was revised down 0.2 to 43.0 from the previously reported 43.2. ECB Governing Council spokesman Kazaks said that the ECB is likely to cut interest rates at next week’s meeting and that a larger move is currently under discussion. Swaps are discounting the chances at 100% for a 25 bp rate cut by the ECB at its December 12 policy meeting and at 18% for a 50 bp rate cut at the same meeting.

Political unrest in France has heightened concerns about Eurozone stability. France’s far-right party threatened to topple the fragile government of Prime Minister Michel Barnier in a no-confidence vote, escalating the standoff over the national budget.

WTI crude prices stabilized near $68 a barrel on Tuesday as traders await Thursday’s OPEC+ meeting for further guidance on global supply. The group is expected to postpone a small production increase for the third time amid concerns that the market will be oversupplied next year. At the same time, Saudi Arabia, the world’s biggest exporter, is expected to cut crude prices for Asian buyers to the lowest level in four years.

Asian markets were mostly rising yesterday. Japan’s Nikkei 225 (JP225) rose by 0.80%, China’s FTSE China A50 (CHA50) gained 1.36%, Hong Kong’s Hang Seng (HK50) rose 0.65%, and Australia’s ASX 200 (AU200) gained 0.14%. Hong Kong stocks fell by 0.6% to 19,437 in Tuesday morning session, reversing gains in the previous two sessions after the US imposed restrictions on the sale of 24 types of manufacturing equipment and three software tools, and blacklisted another 140 Chinese entities. In response, Beijing said on Monday that Washington was abusing export controls and exerting unilateral pressure, adding that it would take necessary actions to protect its interests.

The offshore yuan fell to 7.31 per dollar, hitting a one-year low, as the dollar strengthened on expectations of strong US economic performance and weak Chinese growth. The dollar gained further support after Trump warned of potential 100% tariffs on BRICS countries that support an alternative to the US dollar. Meanwhile, persistent tariff risks and weakness in the Chinese economy put additional pressure on the yuan. On Monday, the PBOC chief signaled rate cuts later in the year and plans to strengthen countercyclical measures next year.

On Tuesday, the New Zealand dollar continued its recent decline to US$0.587. It was pressured by continued weakness in the yuan, which has been weakened by threats of US tariffs and ongoing economic uncertainty in China. The NZD is often seen as a liquid proxy for the yuan due to China’s significant role as New Zealand’s largest trading partner.

S&P 500 (US500) 6,047.15 +14.77 (+0.24%)

Dow Jones (US30) 44,782.00 −128.65 (−0.29%)

DAX (DE40) 19,933.62 +307.17 (+1.57%)

FTSE 100 (UK100) 8,312.89 +25.59 (+0.31%)

USD Index 106.39 +0.65 (+0.61%)

News feed for: 2024.12.03

  • Switzerland Consumer Price Index (m/m) at 09:30 (GMT+2);
  • US JOLTS Job Openings (m/m) at 17:00 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Brent Oil Prices Dip Ahead of Crucial OPEC+ Meeting

By RoboForex Analytical Department 

Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week’s postponed OPEC+ meeting, now rescheduled for Thursday, 6 December. The market is concerned about the direction of future global oil supply amid fears of oversaturation. The prevailing expectation is that OPEC+ might delay its planned increase in oil supply for the third time, reflecting persistent supply uncertainties.

Despite these pressures, there are optimistic signals from the oil sector, particularly China, where a resurgence in production activity is seen as a sign of gradual economic improvement in one of the world’s largest importers of raw materials. This development could bolster the energy sector.

The geopolitical landscape remains mixed, with traders closely monitoring tensions in the Middle East. Any escalation could heighten regional instability and affect the overall oil supply dynamics in these areas.

So far, the recent strengthening of the US dollar has not significantly impacted oil prices. However, future market dynamics could shift as global economic conditions evolve.

Technical analysis of Brent Oil

H4 chart: the market is navigating a broad consolidation range centred around the 73.33 level, with recent extensions downward to 71.55. An upward movement towards 73.33 is anticipated today. Should the price exit this range on the higher side, there may be potential for a growth wave targeting 75.15, potentially extending up to 80.00. The MACD indicator supports the bullish Brent outlook, with its signal line below zero but pointing upwards.

H1 chart: Brent has found support at 71.55, initiating a growth wave towards 73.33. Upon reaching this level, a compact consolidation range might form. A breakout above this range could lead to a rise towards 75.15. This potential growth trajectory is corroborated by the Stochastic oscillator, with its signal line currently above 50 and trending towards 80.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

AI has been a boon for marketing, but the dark side of using algorithms to sell products and brands is little studied

By Lauren Labrecque, University of Rhode Island 

Artificial intelligence is revolutionizing the way companies market their products, enabling them to target consumers in personalized and interactive ways that not long ago seemed like the realm of science fiction.

Marketers use AI-powered algorithms to scour vast amounts of data that reveals individual preferences with unrivaled accuracy. This allows companies to precisely target content – ads, emails, social media posts – that feels tailor-made and helps cultivate companies’ relationships with consumers.

As a researcher who studies technology in marketing, I joined several colleagues in conducting new research that shows AI marketing overwhelmingly neglects its potential negative consequences.

Our peer-reviewed study reviewed 290 articles that had been published over the past 10 years from 15 high-ranking marketing journals. We found that only 33 of them addressed the potential “dark side” of AI marketing.

This matters because the imbalance creates a critical gap in understanding the full impact of AI.

AI marketing can perpetuate harmful stereotypes, such as producing hypersexualized depictions of women, for example. AI can also infringe on the individual rights of artists. And it can spread misinformation through deepfakes and “hallucinations,” which occur when AI presents false information as if it were true, such as inventing historical events.

It can also negatively affect mental health. The prevalence of AI-powered beauty filters on social media, for instance, can foster unrealistic ideals and trigger depression.

These concerns loom large, prompting anxiety about the potential misuse of this powerful technology. Many people experience these worries, but young women are notably vulnerable. As AI apps gain acceptance, beauty standards are moving further from reality.

Our research finds there is an urgent need to address AI’s ethical considerations and potential negative consequences. Our intent is not to discredit AI. It’s to make sure that AI marketing benefits everyone, not just a handful of powerful companies.

I believe researchers should consider exploring the ethical problems with AI more thoroughly, and how to use it safely and responsibly.

This is important because AI is suddenly being used everywhere – from social media to self-driving cars to making health decisions. Understanding its potential negative effects empowers the public to be informed consumers and call for responsible AI use.The Conversation

About the Author:

Lauren Labrecque, Professor of Marketing, University of Rhode Island

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Donald Trump threatens the BRICS bloc with high tariffs. The Canadian dollar fell after weak GDP data

By JustMarkets

The Dow Jones Index (US30) was up 0.42% on Friday (+2.37% for the week). The S&P 500 Index (US500) added 0.56% (for the week +1.48%). The Nasdaq Technology Index (US100) increased by 0.90% (for the week +0.93%). Stocks rose moderately on Friday, with the S&P 500 and Dow Jones Industrials hitting new all-time highs. The gains were driven by lower inflation expectations in the US.

Airbnb (ABNB) shares closed down more than 1% on signs of insider selling after CEO Chesky sold more than $15 million worth of stock on Monday. Boeing (BA) closed up nearly 2% after BOA Aviation agreed to buy 14 Boeing 737-8 airplanes.

On Saturday, US President-elect Donald Trump threatened a bloc of nine countries with 100% tariffs if they acted to the detriment of the US dollar. His threat was aimed at countries in the so-called BRICS alliance, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan, and Malaysia have applied to join, and several other countries have expressed interest in joining. According to the IMF, the dollar accounts for about 58% of the world’s foreign exchange reserves, and basic commodities such as oil are still bought and sold mostly in dollars. But the dollar’s dominance is threatened by the BRICS countries’ growing share of GDP and the alliance’s intention to trade in non-dollar currencies, a process known as de-dollarization.

Canada’s third-quarter GDP grew at a 1% annualized rate after an upwardly revised 2.2% in the second quarter, which was in line with market expectations but short of the Central Bank’s estimate of 1.5%. Nevertheless, the Bank of Canada is expected to cut rates further next month, although the likelihood of a 50bp cut was reduced after core inflation rose to 2.6% in October from 2.4% in September. The Canadian dollar fell above 1.4 per US dollar after the report.

Equity markets in Europe rallied on Friday. Germany’s DAX (DE40) rose by 1.03% (for the week +0.84%), France’s CAC 40 (FR40) closed higher by 0.78% (for the week -1.29%), Spain’s IBEX 35 (ES35) gained 0.26% (for the week -0.73%), and the UK’s FTSE 100 (UK100) closed up 0.07% (for the week +0.31%). Eurozone CPI came in at 2.3% y/y in November, matching expectations. Core CPI (excluding food and energy prices) for November came in at 2.7% yoy, weaker than expectations of 2.8% yoy. ECB expectations for 1-year inflation unexpectedly rose to 2.5% in October from 2.4% in September, stronger than expectations for a decline to 2.3% y/y. Expectations for 3-year inflation for October were unchanged from September at 2.1%, in line with expectations. German retail sales for October fell by 1.5% m/m, weaker than expectations of 0.5% m/m and the largest decline in 2 years. German unemployment rose by 7,000 in November, indicating a stronger labor market than expectations of 20,000. The unemployment rate in November was unchanged at 6.1%, matching expectations.

ECB Governing Council spokesman Stournaras said the ECB is likely to pursue a more aggressive interest rate cut policy if evidence emerges that US tariffs will lead Europe into recession.

In Switzerland, markets currently give a 72% probability of a 25 basis point rate cut and a 28% probability of a 50 basis point rate cut at the SNB’s next monetary policy meeting on December 12. The rate cut comes amid slowing inflation, which has been within the SNB’s 0–2% target range for almost 18 months. Switzerland’s annual inflation rate fell to 0.6% in October, the lowest level in more than three years.

Oil prices fell about 3% last week amid easing concerns over supply risks from the Israel-Hezbollah conflict and the prospect of more supply in 2025, even as OPEC+ is expected to extend production cuts.

Asian markets traded flat last week. Japan’s Nikkei 225 (JP225) fell by 1.22%, China’s FTSE China A50 (CHA50) rose by 1.02%, Hong Kong’s Hang Seng (HK50) gained 0.60%, and Australia’s ASX 200 (AU200) posted a positive 0.51%.

Indonesia’s annual inflation rate fell to 1.55% in November 2024 from 1.71% in the previous month, the lowest since July 2021, but slightly above market projections of 1.5%. The latest result remains within the Central Bank’s target range of 1.5% to 3.5%. The core inflation rate hit a 16-month high of 2.26%, above estimates of 2.20%.

S&P 500 (US500) 6,032.38 +33.64 (+0.56%)

Dow Jones (US30) 44,910.65 +188.59 (+0.42%)

DAX (DE40) 19,626.45 +200.72 (+1.03%)

FTSE 100 (UK100) 8,287.30 +6.08 (+0.073%)

USD Index 105.78 -0.27 (-0.25%)

News feed for: 2024.12.02

  • Australia Manufacturing PMI (m/m) at 00:00 (GMT+2);
  • Australia Retail Sales (m/m) at 02:30 (GMT+2);
  • Japan Manufacturing PMI (m/m) at 02:30 (GMT+2);
  • China Caixin Manufacturing PMI (m/m) at 03:45 (GMT+2);
  • Switzerland Retail Sales (m/m) at 09:30 (GMT+2);
  • Switzerland Manufacturing PMI (m/m) at 10:30 (GMT+2);
  • Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+2);
  • UK Manufacturing PMI (m/m) at 11:30 (GMT+2);
  • Eurozone Unemployment Rate (m/m) at 12:00 (GMT+2);
  • Canada Manufacturing PMI (m/m) at 16:30 (GMT+2);
  • US Manufacturing PMI (m/m) at 16:45 (GMT+2);
  • US ISM Manufacturing PMI (m/m) at 17:00 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Week Ahead: Will US500 stay above 6000 milestone?

By ForexTime 

  • US500 ↑ 5.1% MTD, pushing 2024 gains to almost 26%
  • Posted only 2 negative months in 2024 – April & October
  • Notched 52 record highs this year
  • Over past year NFP triggered moves of ↓ ↑ 0.8%
  • Technical levels – 6050, 6000, 5970

FXTM’s US500, which tracks the benchmark S&P 500 index could be on track for its best trading month in 2024.

But this will depend on whether bulls give one final push on the last trading day of November.

The Index has gained roughly 3.7% since Trump’s election win on November 5th.

Despite hawkish comments from Fed Powell sparking a selloff from 6000 mid-month, the “Trump trade” has kept bulls in the game with the US500 up roughly 5.1% month-to-date.

SP500

But as we enter December, the question is whether bulls can maintain their hunger for gains?

The US500 has dazzled investors, notching 52 record highs in 2024.

However, after breaching the psychological 6000 level, prices have traded within a range on the daily charts.

Still, prices up almost 26% year-to-date, adding to the 24.2% gains secured in 2023.

 

The incoming US jobs report among other key data points and speeches by Fed officials including Powell could impact the US500 in the week ahead:

Saturday, 30th November

  • CN50: China non-manufacturing PMI, manufacturing PMI

Monday, 2nd December

  • AU200: Australia retail sales, building approvals
  • CN50: China Caixin manufacturing PMI
  • EUR: Eurozone Manufacturing PMI, unemployment, Germany Manufacturing PMI
  • UK100: UK S&P Global/CIPS UK Manufacturing PMI
  • US500: US construction spending, ISM Manufacturing, Fed speeches

Tuesday, 3rd December

  • AUD: Australia current account
  • GBP: BOE Governor Andrew Bailey, UK Chancellor Rachel Reeves speech
  • USDInd: Fed Governor Adriana Kugler, Chicago Fed President Austan Goolsbee speech

Wednesday, 4th December

  • AUD: Australia GDP
  • CN50: China Caixin services PMI
  • EU50: S&P Global Eurozone Services PMI, ECB President Christine Lagarde speech
  • US500: Fed Chair Jerome Powell speech, Fed issues Beige Book
  • OECD publishes economic outlook.

Thursday, 5th December

  • AU200: Australia trade
  • EUR: Eurozone retail sales, Germany factory orders
  • OIL: OPEC+ ministerial meeting
  • TWN: Taiwan CPI
  • US500: US trade, initial jobless claims

Friday, 6th December

  • CAD: Canada unemployment
  • EUR: Eurozone GDP, Germany industrial production
  • JP225: Japan household spending
  • US500: US November jobs report, University of Michigan consumer sentiment, Fed speeches

Can the US500 move higher?

The foundations are in place for US equity bulls to keep their foot on the pedal.

Market optimism around corporate tax cuts and a softer regulatory environment under Trump could keep this party rolling. And markets still expect the Fed to cut interest rates by January 2025.

However, the prospect of slower Fed rate cuts in the face of rising inflation could cap gains down the road. Geopolitical tensions that result in a risk-off mode could also trigger a selloff.

 

What factors could rock the US500 in the week ahead?

    1) US November jobs report

Markets expect the US economy to have created 200,000 jobs in November, compared to the 12,000 in the previous month.

Note: The low NFP number for October was the product of hurricanes and Boeing strikes.

The unemployment rate is forecast to rise 4.2% while average earnings are projected to tick lower to 0.3% MoM.

Ultimately, signs of weakness in the US labour market may hit the US500. However, any declines could be cushioned by bets around the Fed cutting interest rates in an effort to stimulate growth.

Over the past year, the US jobs report has sparked upside moves of as much as 0.8% or declines of 0.8% in a 6-hour window post-release.

Note: Other key US data points such as the ISM Manufacturing and initial jobless claims may also impact the US500.

 

    2) Fed Chair Powell and Co.

Fed Chair Powell will deliver his speech on Wednesday 4th December with a handful of other policymakers speaking days before and after him. Given how these speeches may influence expectations around what action’s the Fed takes in December, it could move the US500.

  • Should dovish comments from Powell and co. boost bets around a December rate cut, the US500 may push higher.
  • If Powell and other Fed officials sound less dovish than expected, this could drag the US500 lower.

 

    3) Technical forces

The US500 is firmly bullish on the daily timeframe due to the consistently higher highs and higher lows.

Although prices are trading well above the 50, 100 and 200-day SMA, the Relative Strength Index (RSI) is approaching overbought territory.

  • A solid weekly close above the 6000 level may open a path to 6037, 6050 and 6100.    
  • Should prices slip below 6000, this may trigger a selloff toward 5970, 5930 and 5900.

 

US5004


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AUD/USD Stabilises Amid US Dollar Pressures and Domestic Economic Strength

By RoboForex Analytical Department 

On Monday, the AUD/USD pair remains stable around the 0.6450 mark. After benefiting from the US dollar’s weakness during the extended US holiday weekend, the currency pair faced new pressures following remarks by US President-elect Donald Trump. Trump’s threat to impose 100% trade tariffs on BRICS nations if they pursue a universal currency to replace the US dollar has sparked a renewed demand for safe-haven assets, bolstering the USD.

October’s retail sales figures exceeded expectations, supporting the Australian dollar, and reinforcing the market’s belief that the Reserve Bank of Australia (RBA) may not cut rates soon. RBA Governor Michele Bullock recently highlighted that core inflation remains elevated, which justifies continuing a restrictive monetary policy stance. The RBA believes it will take some time before inflation stabilises near its target.

Technical analysis of AUD/USD

H4 chart: the AUD/USD is currently in the first phase of a correction wave, having achieved a local target at 0.6527. The market is now forming a decline structure towards 0.6466, and once this level is reached, a new growth phase will begin, aiming for 0.6542. This scenario is supported by the MACD indicator, which shows the signal line above zero and trending upwards, indicating potential for continued growth.

H1 chart: the pair has nearly reached the local growth target of 0.6527. A decline to 0.6470 is expected shortly, followed potentially by a rise to 0.6500 and then a drop to 0.6466. If this level is achieved, the market may prepare for another upward movement towards 0.6542. The Stochastic oscillator supports this outlook, with its signal line currently below 50 and expected to drop to 20, suggesting a forthcoming reversal and potential for growth.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Gold Prices Rise Amid Weakening US Dollar and Geopolitical Tensions

By RoboForex Analytical Department 

Gold prices have risen for four consecutive days, reaching 2,660 USD per troy ounce by Friday. The upward movement in Gold prices is primarily driven by the weakening of the US dollar and heightened geopolitical tensions. The current state of the currency market, characterised by low liquidity due to the extended US holiday weekend starting with Thanksgiving, also contributes to Gold’s price behaviour.

Despite this recent appreciation, Gold faces potential headwinds and could experience a 2% decline by the week’s end as investors await further data from the US. The upcoming statistics are anticipated to provide additional insights into the Federal Reserve’s monetary direction on monetary policy. While the Core PCE data suggests a rate cut in December is plausible, other economic indicators point to the continued robustness of the US economy. This may lead the Fed to maintain its cautious approach to interest rates in 2025.

The relationship between the US dollar and Gold is crucial, as they typically move inversely. Gold, which does not generate its yield, tends to perform well when the dollar and US Treasury bond yields are lower.

Technical analysis of XAU/USD

On the H4 chart, XAU/USD has completed a corrective wave at 2,605.55 and is now poised for further growth towards 2,715.00. When this level is reached, a consolidation phase around 2,715.00 may occur, potentially leading to a continued upward trajectory towards 2,818.55. The MACD indicator supports this bullish XAU/USD outlook, with its signal line below zero but rising sharply.

The H1 chart shows that Gold has completed an initial growth structure to 2,658.88 and a subsequent correction to 2,622.00. Currently, a new growth phase targeting 2,698.00 is underway. Upon reaching this target, a pullback to 2,658.88 may occur before the market attempts to achieve a higher level of 2,715.00. This outlook is corroborated by the Stochastic oscillator, whose signal line is above 50 and climbing towards 80, indicating the potential for further upward movement.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Public health surveillance, from social media to sewage, spots disease outbreaks early to stop them fast

By John Duah, Auburn University 

A cluster of people talking on social media about their mysterious rashes. A sudden die-off of birds at a nature preserve. A big bump in patients showing up to a city’s hospital emergency rooms.

These are the kinds of events that public health officials are constantly on the lookout for as they watch for new disease threats.

Health emergencies can range from widespread infectious disease outbreaks to natural disasters and even acts of terrorism. The scope, timing or unexpected nature of these events can overwhelm routine health care capacities.

I am a public health expert with a background in strengthening health systems, infectious disease surveillance and pandemic preparedness.

Rather than winging it when an unusual health event crops up, health officials take a systematic approach. There are structures in place to collect and analyze data to guide their response. Public health surveillance is foundational for figuring out what’s going on and hopefully squashing any outbreak before it spirals out of control.

Tracking day by day

Indicator-based surveillance is the routine, systematic collection of specific health data from established reporting systems. It monitors trends over time; the goal is to detect anomalies or patterns that may signal a widespread or emerging public health threat.

Hospitals are legally required to report data on admissions and positive test results for specific diseases, such as measles or polio, to local health departments. The local health officials then compile the pertinent data and share it with state or national public health agencies, such as the U.S. Centers for Disease Control and Prevention.

When doctors diagnose a positive case of influenza, for example, they report it through the National Respiratory and Enteric Virus Surveillance System, which tracks respiratory and gastrointestinal illnesses. A rise in the number of cases could be a warning sign of a new outbreak. Likewise, the National Syndromic Surveillance Program collects anonymized data from emergency departments about patients who report symptoms such as fever, cough or respiratory distress.

Public health officials keep an eye on wastewater as well. A variety of pathogens shed by infected people, who may be asymptomatic, can be identified in sewage. The CDC created the National Wastewater Surveillance System to help track the virus that causes COVID-19. Since the pandemic, it’s expanded in some areas to monitor additional pathogens, including influenza, respiratory syncytial virus (RSV) and norovirus. Wastewater surveillance adds another layer of data, allowing health officials to catch potential outbreaks in the community, even when many infected individuals show no symptoms and may not seek medical care.

Having these surveillance systems in place allows health experts to detect early signs of possible outbreaks and gives them time to plan and respond effectively.

Watching for anything outside the norm

Event-based surveillance watches in real time for anything that could indicate the start of an outbreak.

This can look like health officials tracking rumors, news articles or social media mentions of unusual illnesses or sudden deaths. Or it can be emergency room reports of unusual spikes in numbers of patients showing up with specific symptoms.

Local health care workers, community leaders and the public all support this kind of public health surveillance when they report unexpected health events through hotlines and online forms or just call, text or email their public health department. Local health workers can assess the information and escalate it to state or national authorities.

Public health officials have their ears to the ground in these various ways simultaneously. When they suspect the start of an outbreak, a number of teams spring into action, deploying different, coordinated responses.

Collecting samples for more analysis

Once event-based surveillance has picked up an unusual report or a sudden pattern of illness, health officials try to gather medical samples to get more information about what might be going on. They may focus on people, animals or specific locations, depending on the suspected source. For example, during an avian flu outbreak, officials take swabs from birds, both live and dead, and blood samples from people who have been exposed.

Health workers collect material ranging from nose or throat swabs, fecal, blood or tissue samples, and water and soil samples. Back in specialized laboratories, technicians analyze the samples, trying to identify a specific pathogen, determine whether it is contagious and evaluate how it might spread. Ultimately, scientists are trying to figure out the potential impact on public health.

Finding people who may have been exposed

Once an outbreak is detected, the priority quickly shifts to containment to prevent further spread. Public health officials turn into detectives, working to identify people who may have had direct contact with a known infected person. This process is called contact tracing.

Often, contact tracers work backward from a positive laboratory confirmation of the index case – that is, the first person known to be infected with a particular pathogen. Based on interviews with the patient and visiting places they had been, the local health department will reach out to people who may have been exposed. Health workers can then provide guidance about how to monitor potential symptoms, arrange testing or advise about isolating for a set amount of time to prevent further spread.

Contact tracing played a pivotal role during the early days of the COVID-19 pandemic, helping health departments monitor possible cases and take immediate action to protect public health. By focusing on people who had been in close contact with a confirmed case, public health agencies could break the chain of transmission and direct critical resources to those who were affected.

Though contact tracing is labor- and resource-intensive, it is a highly effective method of stopping outbreaks before they become unmanageable. In order for contact tracing to be effective, though, the public has to cooperate and comply with public health measures.

Stopping an outbreak before it’s a pandemic

Ultimately, public health officials want to keep as many people as possible from getting sick. Strategies to try to contain an outbreak include isolating patients with confirmed cases, quarantining those who have been exposed and, if necessary, imposing travel restrictions. For cases involving animal-to-human transmission, such as bird flu, containment measures may also include strict protocols on farms to prevent further spread.

Health officials use predictive models and data analysis tools to anticipate spread patterns and allocate resources effectively. Hospitals can streamline infection control based on these forecasts, while health care workers receive timely updates and training in response protocols. This process ensures that everyone is informed and ready to act to maximize public safety.

No one knows what the next emerging disease will be. But public health workers are constantly scanning the horizon for threats and ready to jump into action.The Conversation

About the Author:

John Duah, Assistant Professor of Health Services Administration, Auburn University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

As expected, the RBNZ cut the rate by 0.5%. Australia’s inflation rate remained at its lowest level since the summer of 2021

By JustMarkets

At the end of Tuesday, the Dow Jones Index (US30) added 0.28%. The S&P 500 Index (US500) was up 0.57%. The Nasdaq Technology Index (US100) increased by 0.57%.

Federal Reserve officials expressed optimism that inflation is falling and the labor market remains robust, supporting the possibility of further interest rate cuts, albeit at a moderate pace, minutes from the November 6–7 meeting showed. Officials noted that monetary policy decisions depend on economic trends and cautioned against premature rate cuts. The volatility of recent data and uncertainty about the impact of a neutral interest rate on economic activity make the policymaking process particularly challenging. Markets rate the odds of a 25 bps rate cut at the December 17–18 FOMC meeting at 67%.

Intel (INTC) shares are down more than 3% after Bloomberg reported that Qualcomm’s interest in acquiring Intel has waned. General Motors (GM) stock is down more than 8%, and Ford Motor (F) is down more than 2% after President-elect Trump promised to impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada. Both automakers import cars from China into the US and have plants in Canada and Mexico.

The Mexican peso fell more than 2% to above 20.7 per US dollar on Tuesday, the weakest since March 2022, after Donald Trump doubled down on his threats to raise tariffs. In his Truth social media posts, Trump said he would impose 25% tariffs on imports from Mexico and Canada. Mexico is the US’s largest trading partner, and the auto sector would be one of the hardest hit. In response, Mexican President Claudia Sheinbaum suggested that Mexico could respond by imposing its own tariffs. The peso has weakened about 20% this year.

Equity markets in Europe were declining yesterday. Germany’s DAX (DE40) fell by 0.56%, France’s CAC 40 (FR40) closed down 0.87%, Spain’s IBEX 35 (ES35) lost 0.80%, and the UK’s FTSE 100 (UK100) closed down 0.40%.

WTI crude oil prices held below $69 per barrel on Wednesday as traders weighed signs of another OPEC+ production delay and easing geopolitical risks following a ceasefire between Israel and Hezbollah. Markets are anticipating the December 1 OPEC+ meeting. It is reported that the group will postpone its planned January production increase by several months due to signs of oversupply. Meanwhile, tensions in the Middle East eased after Israel and Hezbollah reached a 60-day ceasefire agreement in US-brokered talks. However, shortly after President Biden’s announcement, both sides resumed attacks, underscoring the difficulty in reaching a long-term agreement.

The US natural gas (XNG) prices rose to $3.48/MMBtu, the highest level in more than a year, as estimates of colder weather and lower production prompted utilities to accelerate the start of the season for drawing gas from storage. EIA data showed that gas inventories in storage fell by 3 billion cubic feet in the week ending November 15 instead of the expected 5 billion cubic feet. It was the first accelerated decline this season, as relatively low prices in the previous week prompted producers to cut production.

Asian markets traded flat on Tuesday. Japan’s Nikkei 225 (JP225) fell 0.87%, China’s FTSE China A50 (CHA50) gained 0.28%, Hong Kong’s Hang Seng (HK50) rose 0.04%, and Australia’s ASX 200 (AU200) was negative 0.69%.

The Reserve Bank of New Zealand cut the discount rate by 50bps to 4.25%, which is in line with market expectations. The RBNZ said the rate cut strikes a balance between supporting growth and employment while keeping inflation under control and ensuring market stability. This is the third rate cut by the Central Bank this year, bringing the total easing to 125bps this cycle. In addition, Governor Adrian Orr has suggested that another significant interest rate cut will occur early next year if economic conditions develop as expected. In the external market, the kiwi remains under pressure from recent tariff threats by US President-elect Donald Trump, particularly those targeting China, New Zealand’s largest trading partner.

In Australia, the annual CPI reading came in at 2.1%, which is in line with the growth seen in September but below analysts’ estimate of 2.3%. This is the lowest inflation rate since July 2021. The Reserve Bank of Australia (RBA) believes that monetary policy should remain restrictive until there is confidence that inflation is moving steadily towards target.

S&P 500 (US500) 6,021.63 +34.26 (+0.57%)

Dow Jones (US30) 44,860.31 +123.74 (+0.28%)

DAX (DE40) 19,295.98 −109.22 (−0.56%)

FTSE 100 (UK100) 8,258.61 −33.07 (−0.40%)

USD Index 106.87 +0.06 (+0.06%)

News feed for: 2024.11.27

  • Australia Consumer Price Index (m/m) at 02:30 (GMT+2);
  • New Zealand RBNZ Interest Rate Decision at 03:00 (GMT+2);
  • New Zealand RBNZ Monetary Policy Statement at 03:00 (GMT+2);
  • RBNZ Press Conference at 04:00 (GMT+2);
  • German GfK German Consumer Climate (m/m) at 11:30 (GMT+2);
  • US PCE Price Index (m/m) at 15:30 (GMT+2);
  • US GDP (q/q) at 15:30 (GMT+2);
  • US Durable Goods Orders (m/m) at 15:30 (GMT+2);
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+2);
  • US Chicago PMI (m/m) at 16:45 (GMT+2);
  • US Pending Home Sales (m/m) at 17:00 (GMT+2);
  • US Crude Oil Reserves (w/w) at 17:30 (GMT+2);
  • US Natural Gas Storage (w/w) at 19:00 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.