Russell Shor

Past performance is not an indicator of future results The weekly SPX500 is trending up. It has a higher trough followed by a higher peak. At some stage, the current impulse (aqua line) will run out of momentum, and a correction will ensue. As long as the pullback finds support above the previous higher trough, the uptrend remains intact. The weekly RSI is not overbought, but the daily time frame…

Past performance is not an indicator of future results Further to our previous article, we consider UKOil's weekly scale (FXCM's proxy for Bent). After a pullback, UKOil has stabilised with the three EMAs (left chart) showing angle and separation. The right chart is also weekly, but we have zoomed in on the price action. A close above last week's high (aqua horizontal) is bullish, charting a reference low. This is…

Past performance is not an indicator of future results. Source: www.tradingview.com Prior to the Covid-19 pandemic, the US10Y yield (blue line chart) was in decline. At the same time, the 10Y breakeven inflation rate was coming down. This period is denoted by the red down trendlines. The orange box represents most of the 2020 year, as authorities implemented unprecedented monetary stimulus to deal with the fallout of the pandemic. To…

Further to an earlier analysis, GBPUSD has started to lose its upside momentum. Past performance is not an indicator of future results. The right chart shows the daily GBPUSD time frame. Here, price is in the weak area between the lower blue and red bands. The daily RSI is also on the weak side of 50. The right chart shows the hourly times frame. Here, price has rallied to the…

Yesterday's USDOLLAR article indicated that the primary trend of the greenback is up. Today we zoom in on the price action. Past performance is not an indicator of future results. The left chart shows the USDOLLAR daily time frame. Price remains in the strong area between the upper blue and upper red bands. Moreover, the daily RSI is on the bullish side of 50. The right chart shows the hourly…

Throughout the U.K.'s history and its interaction within global events, the British pound has served as a conduit for international trade and as a safe haven for investors.

The Canadian dollar (CAD) has a storied history throughout the development of North America, world wars and international financial challenges. Existing as a pegged or floating currency, the CAD has shown resilience in the face of global economic chaos.

Online trading has many pros and cons. Market access, available leverage and overall convenience are often offset by a high failure rate.

Recession and recovery - What is a recession? And how do we know when a country is in recession?

As its name implies, a currency swap is the exchange of currencies between two parties.

FXCM offers several software trading suites. MT4, Trading Station and NinjaTrader afford traders the ability to analyse, interpret and identify opportunity within the market.