Russell Shor

Russell Shor

Senior Market Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

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  • Copper is a proxy for hard/soft landing scenarios

    Copper is trading at a down sloping green trendline on its weekly chart at 1. It is also facing the challenge of overcoming its black 30-week EMA (2). The base metal’s RSI has popped above 50 at 3, which is the bullish side of the indicator. It will be interesting to see if it can hold above 50 because below has been the norm since April (blue rectangle). If it…

  • Gold setting up to attack the $2,000 level

    Gold is currently trading around $1,990. The $2,000 level (red horizontal) is proving to be a significant psychological resistance level for XAUUSD. However, there are signs that the precious metal is preparing to break above this.

  • Bitcoin drops after Binance Bomshell

    Bitcoin declined yesterday by 4.57% following the shock news that Binance Holding’s CEO Changpeng Zhao pled guilty to anti-money-laundering violations and will step down from the crypto exchange. Binance, which is owned by Zhao, has also pled guilty and will pay $4.3 billion in fines, with Zhao agreeing to pay $50 million. Moreover, Zhao may face an 18-month prison term as federal guidelines.

  • OPEC considers further cuts according to Financial Times

    Oil is moving higher today, following an up day on Friday. This follows a report in the Financial Times suggesting that Saudi Arabia will extend its current output restrictions until the spring, whilst other OPEC members consider further cuts. The FT article, citing unidentified people familiar with the discussions, submits that OPEC is unhappy about the current trend of declining oil prices and the humanitarian conditions in Gaza. OPEC is…

  • Tesla backlash after Musk’s endorsement of antisemitic post on X

    There is backlash regarding Elon Musk’s endorsement of anti-Semitic rhetoric on his social media platform X (formerly known as Twitter). In response, advertisers such as Apple, Disney, Lionsgate, the European Commission, and others have suspended their business at the social media company. Moreover, Tesla ( shareholders are questioning his leadership of that company.

  • Oil Drops and Shows Contango as Demand Concerns Rise

    Oil prices are under pressure. FCXM’s CFD for Brent, UKOil, and its CFD for WTI, USOil, have charted a lower peak (LP) followed by a lower trough (LT) on their respective weekly charts. This puts both instruments into a defined downtrend on a significant time scale. The market is worried about demand, and this has contributed to the weakness.

  • Real Yield Shows Signs of Topping Out, Creating a Headwind for the USDOLLAR

    The US 10-year real yield is charting a potential reversal pattern in its daily time frame – a head and shoulders top. The pattern has a downwards bias to it, as evident by the downwards sloping neckline (red trendline). The head and shoulders pattern will complete if the real yield breaks down below the neckline. The right shoulder was heavily influenced by the lower than anticipated CPI print on Tuesday,…


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