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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The chart on the left shows the GBPUSD daily time frame. Its heiken ashi is in the weak area, between the lower blue and lower red bands. The daily stochastic is maintaining a weak reading in its lower quintile (aqua arrow). This is indicative of bearish momentum. Given this weakness in the daily, the right chart is interesting. It is the H1 timeframe and shows that after a ~24hr rally,…
Weekly Chart The DAX sold down heavily during the week ending 26 November. Last week was defined by uncertainty and a spinning top charted – bulls tried to take price higher, bears tried to take price lower, but the market closed relatively flat. Participants pay close attention to the 14,900 area, which is an identified area of support. Last week's candle (aqua arrow) is the lowest candle in a three-candle…
US30 FXCM's Dow Industrials proxy, the US30, is showing signs of support. The green short moving average is above the slower orange moving average (blue rectangle). The stochastic is also showing a growing momentum and has moved above 80 (aqua arrow). The longer the stochastic stays in this area the great the likelihood of a swing movement in the US30. Past Performance: Past Performance is not an indicator of future…
In our previous article, we suggested weakness in the XAUUSD daily chart. The below left shows the daily gold heikin ashi chart. Heiken ashi candles are trend-following indicators. In this regard, there is a big red movement down into our area of weakness between the lower blue and lower red bands. We draw attention to the daily stochastic which is positioned in the lower quintile (blue rectangle). Interestingly, the last…
Particpation Rate Friday's headline NFP disappointed at 210K, missing the consensus of 553K by a large margin. However, of importance, the participation rate ticked up to 61.8%. The series represents the number of the labour force which are either employed or actively seeking employment. This is encouraging as the participation rate has been moving sideways since July 2020 and the upwards movement suggests less discouraged workers and more positivity amongst…
Stock Price Performance Amazon has been a star performer over the last five years. The holding period return is an astounding 330%, from $790 to the current price of $3,400. The yearly returns are as follows: 2017: 53% 2018: 28% 2019: 14% 2020: 72% 2021*: 5% Past Performance: Past Performance is not an indicator of future results. Return on Equity During this period, the company increased its return on equity…
Daily Chart Further to our previous article, XAUUSD's daily chart has turned bearish. The mid orange moving average has crossed below the longer red moving average (aqua ellipse). This puts the moving averages into a bearish formation. The stochastic is also in the lower quintile, suggesting an underlying bearish momentum. The longer the stochastic maintains this position, the greater the probability for lower prices ahead. If the longer red moving…
According to Bloomberg, Apple Inc (AAPL) has told its suppliers that demand for its iPhone13 has slowed. The company cut production by as many as 10m units due to the global chip shortage. However, the remaining orders are now also under pressure, given this slump. The holiday season is Apple's biggest quarter. Given these developments, turnover will become a key focus for short-term prospects. We ran a Monte Carlo discounted…
Weekly Chart The weekly chart below makes for an interesting analysis. This week's candle (aqua arrow), which is still to be completed, is a doji. This is a candle of uncertainty. Bulls tried to take the price up and the bears tried to take the price down, however, despite intentions, the price remains relatively flat for the week. Given the uncertainty surrounding omicron, the doji candle is not surprising. However,…
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