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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BoJ diverges further away from Fed as it defends 25bps on its 10-year treasury. Core PCE moderates slightly, but employment costs are up. Advanced GDP stumbles to -1.4%contraction Q/Q. The RBA surprised with a 25bps hike, and the market looks to the Fed announcement on Wednesday for an expected 50bps hike and QT information. The market expects the BoE to raise rates by 25 bps, and Friday sees the NFP…
Bitcoin is starting to show weakness, dangerously falling out of a continuation pattern.
The required rate of return is in flux. This adjustment increases uncertainty in the financial markets.
The Fed's preferred measure of inflation, the core PCE index, registered a 5.2% increase YoY. This figure slightly moderates from the 5.3% a month ago, the highest reading since April 1983. Nevertheless, the Fed will still be concerned with controlling inflation, given that its price target is an average rate of 2%. Therefore, next week Wednesday, 5th May, the Fed is expected to hike rates by 50bps. Moreover, the central…
The US30 is looking fragile ahead of today's cash open.
Gold has bounced to a critical resistance level in a downtrend.
Bitcoin's low volatility may be the proverbial "calm before the storm."
Until fundamentals change on the ground, the dollar has the perfect storm of support.
Google parent, Alphabet, is taking a hit as forecast growth rates moderate.
Last Thursday, Fed Chair Powell hinted at a 50 bps hike for May. He also endorsed an acceleration in the raising of rates. Moreover, the market is preparing for these to be front-loaded over the next few meetings. The ECB is also growing more hawkish, and EU CPI came in at 7.2%. Twitter has agreed to Elon Musk's offer of $54.20 per share in a takeover, and this week will…
Bitcoin has rallied over the last 24 hours. However, it has hit a critical level and looks to be reacting off of it.
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