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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  • SPX500 Fear Index Flashes Short-term Warning

    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…

  • UKOil Stabilises on Weekly Scale

    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…

  • The Fed Appears To Be Behind The Curve

    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…

  • GBPUSD Hits Resistance In Short-term Rally

    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…

  • USDOLLAR Correction Continues Within Broader Uptrend

    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…

  • How World Events Impact The Canadian Dollar (CAD)

    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.

  • How Does FXCM Software Work?

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

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