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.

  • USDOLLAR weaker ahead of Powell address

    Fed Chair Powell is due to speak about the economy, inflation and employment at the Brookings Institution at 6:30 pm GMT. He will likely take the opportunity to reiterate the slowing of rate hikes to 50bps after four 75bps increases. However, he is also likely also to emphasise the fight against inflation. A tighter policy will continue until the Fed has managed to reign inflation in

  • NAS100 short-term analysis – 29 November 2022

    The daily NAS100 has slipped from its bullish area, between the upper blue and red bands, to neutral, between the blue bands (green rectangle). On a relative basis, this suggests weakness. The hourly chart shows that the trend-following EMAs and the momentum-based stochastic have turned negative (black ellipses). If the EMAs develop angle and separation to the downside and the stochastic makes its way to the 20- levels, a bearish…

  • FXCM Market Talk – Your Trading & Finance Podcast (Ep. 57)

    In this week's podcast, FXCM senior market specialists, Russ and Nik, discuss the aggressive hike by the RBNZ despite other banks signalling a slowdown in pace. In addition, the two also talk about oil demand out of China and give their opinion on the Fed's minutes. In addition, this Thursday will see the preferred measure of inflation - core PCE - released, and Friday is NFP Friday. Listen to these…

  • EURUSD short-term analysis – 28 November 2022

    The hourly chart on the right has developed bullishly. In addition, the trend following EMAs have crossed bullishly, as has the momentum-based stochastic (black ellipses). If the stochastic makes its way to the 80+ region and holds, bullish momentum will be underlying. This, in turn, will align the short-term traders with the daily positions.

  • USDOLLAR pullback seems disconnected from the fundamentals

    The USDOLLAR (bottom candlestick chart) pullback that started on Friday seems disconnected from the underlying fundamentals. On Friday, the real rate (top candlestick chart) charted an indecisive doji, whilst the greenback declined markedly. Moreover, the dollar has shown weakness in today's morning session, with minimal movement from the real rate. Over the two sessions, their correlation coefficient declined from 69% to 52%.

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