Russell Shor

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.

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  • Oil gains as backwardation suggests tight supply

    Russell Shor Written by Russell Shor

    Oil prices rose as traders evaluated China's economic outlook and geopolitical tensions in Europe and the Middle East. Brent crude exceeded $85, while West Texas Intermediate was around $82. China's Caixin manufacturing index showed a three-year high in June, contrasting with official data of a decline. In France, Marine Le Pen’s party led legislative elections, increasing regional political risk. Israeli Prime Minister Netanyahu reiterated his stance to eliminate Hamas. Recent…

  • Cryptos show early gains after Van Eck applies for Solana ETF

    Russell Shor Written by Russell Shor

    Bitcoin and other cryptocurrencies saw gains early Friday, with Solana leading after a U.S. application for a spot ETF linked to it. Bitcoin rose to a session high of $62,179 before pulling back. The cryptocurrency is down from its mid-March high of nearly $74,000. The decline followed news that the failed crypto exchange Mt. Gox will return $8.5 billion in crypto to creditors. Solana surged over 9% yesterday to $149…

  • Amazon Hits $2 Trillion in Market Cap

    Russell Shor Written by Russell Shor
    Shares

    Amazon.com reached a $2 trillion market capitalisation on Wednesday, driven by a 3.3% stock increase to $193.61. This milestone highlights the ongoing surge in tech stock prices, with Amazon's shares up 9% this month, 27% this year, and 49% over the past 12 months. The rise is part of a broader trend, as investors flock to tech companies linked to generative AI. Microsoft leads U.S. companies with a $3.36 trillion…

  • Silver has had a terrific year-to-date

    Russell Shor Written by Russell Shor

    Silver has emerged as one of the best-performing commodities of 2024, with a 21% increase year-to-date, surpassing gold, copper, and the S&P 500 index. Despite this strong performance, investor interest in silver is waning, as indicated by net outflows in most silver ETFs and a significant drop in U.S. Mint coin sales, down to 1.34 million ounces from 3.4 million ounces last year.

  • Jobless claims are creeping up and may influence interest rate policy.

    Russell Shor Written by Russell Shor

    The latest US jobless claims data shows a slightly higher-than-expected 238,000 Americans filed for unemployment benefits in the week ending 15 June, indicating a potentially softening labour market. Although this figure is down from the previous week's total, the four-week moving average of claims remains elevated at 232,750, suggesting a labour market that's losing momentum.

  • Bitcoin finds support but progress is still needed.

    Russell Shor Written by Russell Shor

    Bitcoin and other cryptocurrencies showed mixed performance on Thursday, with ongoing outflows from Bitcoin ETFs causing a drop in Bitcoin's price to $64,851, before the cryptocurrency found its feet. Despite mid-March highs near $74,000, bearish sentiment currently dominates the crypto market, influenced by high bond yields and diminished expectations for Federal Reserve rate cuts.

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