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.

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  • US10Y Pullback Introduces Possibility of New Paradigm

    Introduction Further to our previous article, the US10Y has failed to break through its neckline. I.e, the inverse head and shoulders has not been completed. An inverse head and shoulders is a reversal pattern and if completed suggests higher yields ahead. Thus, the failure to complete proposes the potential for a different paradigm. Below, we have a reference trough followed by a reference peak. Thereafter, a higher trough followed by…

  • USDOLLAR Remains Strong Despite Uncertain Week

    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,…

  • NAS100 Top-Down Analysis – 01 Dec ’21

    Weekly Chart The NAS100 weekly chart retains its bullish bias. The shorter-term green moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer-term red moving average. This is a bullish formation. Since shortly after the pandemic lows, the index stochastic has also oscillated around its 70th percentile (aqua rectangle), suggesting the presence of underlying bullish momentum. This matched with index appreciation…

  • USDOLLAR Short-Term Analysis – 01 Dec ’21

    Past Performance: Past Performance is not an indicator of future results. The left chart shows the USDOLLAR daily timeframe. The candlesticks have pulled back but remain in the bullish area, between the upper blue and upper red bands. Yesterday, Fed Chair Powell testified in front of the Banking Senate Committee. The Fed has pivoted. Concerning the word "transitory" in describing inflation, Mr. Powell said that it's "probably a good time…

  • GER30 Weekly Price Action Opens Possibility For Swing Low

    Weekly Chart Further to our previous article, the GER30 charted a lower low this week at support (blue shaded horizontal). Since hitting this level, bulls have attempted to push the price higher, and the current action is off the low for the week. This has set up a potential swing low. However, for this to take place, short-term candles will need to chart a higher low and close above this…

  • USDOLLAR Top Down Analysis – 30 Nov

    Weekly Timeframe The below shows the weekly timeframe of FXCM's USDOLLAR basket. We have applied a triple moving average system to assess its trend. The green shorter-term moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer red-term moving average. This is a bullish formation. The weekly stochastic is also above 80 (aqua arrow), which suggests underlying bullish momentum. Past Performance:…

  • SPX500 Remains in Long-Term Uptrend

    Weekly Context Below we have added a triple moving average system to the SPX500 weekly chart. Despite the decline last week, the shorter-term green moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer-term red moving average. Last week's pullback took place within this longer-term bullish formation. The weekly stochastic is above 80 and suggests an underlying bullish momentum (aqua arrow).…

  • Gold Daily Lacking Trend Despite New Covid Variant

    The XAUUSD daily chart is not trending despite the emergence of the omicron covid variant. The news shook risk markets on Friday, but gold's price action was not able to capitalise. As the risk-off sentiment took hold, bulls pushed gold's price up. However, at the apex, they lost control to the bears, and the price closed well off of Friday's high (aqua arrow). Moreover, we have added a triple moving…

  • FXCM Market Talk – Your Trading & Finance Podcast: Ep 27

    The emergence of the new Omicron Covid strain lead to a big market sell-off on Friday as participants sought safe-havens. Join FXCM Senior Market Specialists, Russell and Nikos, as they discuss what this means for markets. The two also talk about this week's important calendar items, including Fed Chair Powell's testimony on Capitol Hill, the OPEC+ meeting on Thursday, the NFP release on Friday, and more.

  • Last Week’s GER30 Sell Down Makes For Awkward Weekly Chart

    GER30 Big Weekly Drop Last week the GER30, FXCM's proxy for the DAX30, dropped 6.4% from open to close. The coronavirus spread in Europe initially rattled the market. However, it was confirmation of a new strain that was the catalyst for the decline. First referred to as "Nu" but amended to "Omicron" by the WHO, research is currently being conducted on the new strain, with evidence suggesting a risk of…

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