Hindsight Bias

Cryptocurrency exchange Swyftx will lay off nearly half its staff

The major US stock indices are closing mixed

• The Dow is leading the way to the downside. The NASDAQ index closes with a modest gain

WTI crude oil trade above $83

• Up about $2.50 on the day

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US stocks trading mixed. The Nasdaq and the Dow switch roles again.

• Dow higher. Nasdaq lower

EURUSD swings between swing areas. Awaits the next shove.

• Support and resistance respected to start the trading week as the market consolidates the gains from last week.

The Nasdaq has the best day going back to 2020

• Up 6.45%

Strong open for the US stocks. S&P approaches 100 day moving average at 3900

• US stocks higher after weaker CPI

Stocks moving higher is still a hard uphill road to travel

• The Fed still has to kill inflation

USDJPY trades higher initially, and then back lower after the US jobs report.

• Market ignores the strength. Good news is good news.

There are more Bank of England speakers on the agenda today - Pill, Shortall, Hauser

The Fed's tilt sends the USD lower, stocks higher, and yields lower

• Will Powell keep the 50bp in December and 25bp in early 2023 in play?

If the Fed fund peak is near does it mean "green grass and high tides forever" for stocks?

• Don't bet on it.

This is a message worth $450 billion

• Chinese stocks climb for a second day on a vague screenshot

ForexLive Asia-Pacific FX news wrap: AUD up, RBA hikes +25bp as expected, AUD down

• Forex news for Asian trading on Tuesday, 1 November 2022