40% of our retail client accounts were profitable in the last quarter*. Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. You should not trade with money you cannot afford to lose.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
Japan’s Nikkei 225 hit record highs as a decisive election outcome lifted political uncertainty and boosted investor confidence. The rally reflects optimism about pro-growth policy direction and a broader re-pricing of risk across markets, not just technical momentum.
Last week Apple beat forecasts on a strong iPhone rebound and lifted guidance. The chart has turned constructive, with bullish EMA crossovers, a trendline break, and RSI holding above 50 supporting improving momentum.
AlphaTrack delivers weekly trading signals and market analysis focused on identifying potential opportunities in trending markets. Each article highlights structured technical setups, key catalysts, and disciplined risk-aware insights designed to support informed trading decisions. With an emphasis on momentum and market structure, AlphaTrack assesses pullbacks within bullish conditions as potential areas of interest, helping traders cut through noise and focus on higher-conviction setups.
The U.S. has cleared Nvidia to sell its H200 chips into China under strict conditions — prioritising domestic supply and tighter security checks — but deliveries are paused as Beijing decides whether to allow them in. Chinese customs officials have reportedly cautioned against purchases, leaving roughly $30 bn of estimated demand in limbo. Nvidia would surrender a 25% revenue cut to Washington under the deal. Markets barely reacted, waiting for…
AlphaTrack delivers sharp, forward-looking insights for traders who want to stay ahead of market momentum. We focus primarily on long setups in bullish cycles, treating orderly pullbacks as potential opportunities rather than panic signals. Each post blends clean technical setups, key catalysts, and disciplined analysis to help readers navigate the noise and spot conviction-worthy entries. Clear, practical, and built for traders who trade with intent, not emotion.
U.S. stocks enter the 2026 Q4 earnings season after a strong three-year run, but the forces that powered the rally, especially AI enthusiasm and resilient growth, now feel less automatic. Investors are becoming more selective, watching margins, labour costs and rates as the macro backdrop turns patchier and Fed policy uncertainty returns. With tariff noise quiet and banks reporting first, earnings guidance and capital-spending signals may carry more narrative weight…
Alphabet is pressing into overhead resistance near $325. The EMAs have turned bullish, with the shorter green EMA now above the longer orange EMA, and the RSI holding above 50. If momentum stays intact and the EMAs begin to widen with positive slope, the probability of a breakout above the resistance zone increases.
AlphaTrack delivers sharp, forward-looking insights for traders who want to stay ahead of market momentum. We focus primarily on long setups in bullish cycles, treating orderly pullbacks as potential opportunities rather than panic signals. Each post blends clean technical setups, key catalysts, and disciplined analysis to help readers navigate the noise and spot conviction-worthy entries. Clear, practical, and built for traders who trade with intent, not emotion.
Silver is pushing to fresh records on Fed-cut expectations and tight supply, with speculative inflows adding fuel, though overbought signals suggest any dip is likely to be seen as a buying opportunity.
EURUSD is turning constructive into year-end, supported by bullish price structure, firm RSI and a widening policy gap as German 2-year yields strengthen against US equivalents. With markets expecting a Fed cut and Schnabel hinting the ECB’s next move could be a hike, monetary-policy divergence is increasingly guiding the pair higher.
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* The percentage of our retail client accounts that were profitable in each of the previous most recent quarters was: Quarter 1, 2026: 40% | Quarter 4, 2025: 49% | Quarter 3, 2025: 37% | Quarter 2, 2025: 36%. These figures are provided for transparency purposes only and do not constitute an indication of future performance or results.
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, Friedberg Direct, FXCM or its affiliates takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of Friedberg Direct and FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the Friedberg Direct's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.**