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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  • Getting Started With API Trading

    Getting started in the world of API trading is often a daunting task. Industry jargon is complex as is the technology driving functionality. However, whether one is interested in optimising trade execution or analytics, a robust API can help achieve a desirable result.

  • Evolution Of The Marketplace: From Open Outcry To Electronic Trading

    Brief History Of Trading By definition, the term "trade" is the act of buying, selling, or exchanging goods with other parties. Dating back to the beginnings of human civilisation, "trade" has been the apparatus by which people have exchanged valued assets in an attempt to prosper or survive. The instrument of trade is credited with linking different cultures and acting as a conduit for the transmission of culture and ideas.…

  • TSLA Gaps Lower After Musk’s Twitter Poll

    TSLA gapped over 5% lower today after Elon Musk's Twiter poll suggested a sale of 10% of his personal stock. In the poll Musk wrote, "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?" Of respondents, 57.9% answered in the affirmative. Past performance is not an indicator of future results The left chart…

  • GBPUSD Hourly Consolidates After Last Week’s Drop

    Past performance is not an indicator of future results Source: www.tradingview.com Last week's decision by the BoE to hold rates steady surprised the market and GBPUSD was heavily sold. The left chart shows the daily timeframe. Here, GBPUSD is in the weak area – between the lower blue and lower red bands. The right chart shows the hourly timeframe. Here, cable has managed to stabilise in a sideways pattern (red…

  • USDOLLAR’s Momentum Holds At Start of Week

    Past performance is not an indicator of future results. Last week's price action confirmed the USDOLLAR's reference low, by closing above the previous week's high (aqua horizontal). It's important to acknowledge that the reference low does not guarantee a bullish swing. However, for a bullish swing to chart, this confirmation was necessary. Moreover, the confirmation respected the current USDOLLAR's momentum. Past performance is not an indicator of future results. Trends…

  • XAUUSD IS Benefitting from The Decline in Yield

    Past performance is not an indicator of future results Source: www.tradingview.com The weekly chart above shows gold (XAUUSD) from the beginning of 2019. The indicator below is the correlation coefficient between the precious metal and the US10Y. For most of this period the correlation has been negative (green rectangle). A reason for this is that bonds and gold are both considered safe-havens. During this period the yield on the US10Y…

  • NFP Live Trade

    The NFP print beat forecast coming in at 531k. The Dow Jones estimate was for 450k. This is a vast improvement over the last two months which missed expectations. Importantly, September's print was revised to the upside, increasing by 312k. Wage inflation came in at the forecast of 0.4% for the month, but was up 4.9% y-o-y. Of note. the participation rate held at the 61.6% level, which would be…

  • GER30 Turns Bullish On H1

    Past performance is not an indicator of future results Source: www.tradingview.com FXCM's DAX proxy, the GER30, is in the bullish area on the daily chart on the left. The right chart shows the hourly time frame. The bullish hourly crosses of both the EMAs and stochastic potentially align short-term traders with the daily sentiment (red ellipses). Given the bullish triggers, a movement of the stochastic to the 80 level and…

  • NFP In Focus Given Participation Rate Lag

    The Fed has a dual mandate to achieve price stability and maximum employment. In this regard, we have seen progress on both fronts. However, the employment market still has room to move before the Fed will be comfortable in terms of its mandate. A broad measure of unemployment in the US is the U6 unemployment rate (as opposed to the often quoted U3 measure). U6 includes discouraged, underemployed, and unemployed…

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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.

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