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.

Page 8 of 95

  • Real Yield Boosts USDOLLAR Today but Weekly Signal Suggest a Possible Apex to FOMC Hiking Cycle

    The real yield has found support at the 2.36% level (green horizontal line). This, in turn, has seen a bid emerge for FXCM’s USDOLLAR, which is up 0.26% today. However, market participants are looking ahead at the FOMC Statement at 6:00pm (GMT) tomorrow. The CME FedWatch Tool has the probability at 97% that rates will be held steady at the current target rate of 525-550. The market is looking to…

  • Copper Rallies on Good Economic Data

    Copper rallied as economic data came in stronger over the course of last week. Core PCE continued to show a decline in inflation, albeit the decline is slowing. October flash PMIs were good with the flash manufacturing PMI moving above 50, signalling expansion and the flash services PMI remaining above 50. Q3 GDP came in hotter-than-expected at 4.9% vs 4.5% with Core Durable Goods also showing strength.

  • SPX500 Downtrend Accelerates as Real Yields and Earnings Weigh

    The SPX500 has charted a series of lower peaks followed by lower troughs on its weekly chart. This puts the weekly into a defined downtrend. Importantly, the down trend’s trendline has shifted down from the green trendline to the orange trendline. This indicates that the downtrend is accelerating. It is not surprising to see the weekly RSI on the bearish side of 50 (green rectangle). The longer it maintains below…

  • Microsoft share price benefits from its AI offering

    Microsoft’s financial results for the September quarter came in better than expected. Part of this was due to the company’s cloud computing business. Importantly its Azure cloud business was up 28% on a constant currency basis, better than the 25%-26% company forecast. Of the 28%, three percentage points came from AI services, which bodes well for Microsoft (MSFT.us) as its AI offering are weighted towards the second half of the…

  • The Oil Market Is Cooling Down

    Using UKOil (FXCM’s Brent CFD) as a general reference, the heat that drove oil prices in August and September has declined. The stochastic, a measure of momentum, has dropped below 80 and is angled down (red rectangle). Last week’s candle looks to have charted a lower peak, hinting at the cooling down in the energy market. However, to confirm the lower peak, this week’s candle will need to close below…

  • Gold Remains Bid and Is the Current Haven of Choice

    Gold has been running hot since hostilities began between Israel and Hamas on 7 October. In effect, the market is favouring it as a safe haven given the intricacies of the conflict and the danger that it may spread regionally. To this end, XAUUSD has broken above its green sloping downtrend line and its weekly RSI has popped above 50, which is the bullish side of the indicator. If the…

Disclosure

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.

Spreads Widget: When static spreads are displayed, the figures reflect a time-stamped snapshot as of when the market closes. Spreads are variable and are subject to delay. Single Share prices are subject to a 15 minute delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.