UK inflation surges into double digits
UK inflation prints at levels not seen since the 1980s
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.
Page 73 of 109
UK inflation prints at levels not seen since the 1980s
The USDOLLAR has traded independently of rates over the last week. Their correlation may reassert.
Last week's rally was highly favourable for the US30 on a technical basis.
Bitcoin looks to be setting up for another lower peak in its primary trend.
The USDOLLAR has shown stability and is yet to break down from its daily head and shoulders pattern conclusively.
The decline in real rates helped the stock indexes during July. However, it still poses a threat to higher valuations at current levels.
Whilst headline CPI shows signs of moderating, there may still be sticky elements that need watching.
Ethereum is upgrading from an energy-intensive process to a token process of network validation.
Gold's hourly chart shows signs of bullishness but momentum needs to pick up.
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, FXCM 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 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 FXCM'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.