Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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Shorts may target the GER30 Friday rally.
EURUSD capitulation signs after a bullish day yesterday.
Given the vast chasm between the SNB and Fed, we believe the widening 10-year spread to be significant. Our interpretation is that the market is growing wary of recession risk in the US. Moreover, the CHF has traditionally been regarded as a haven and is likely a beneficiary of the market concerns. Therefore, USDCHF will be a currency pair to keep an eye on. However, we urge caution as the…
Oil bid as OPEC and OPEC+ set to meet over the next two days.
Real yields exert pressure on the pressure metal. As the Fed hiking cycle continues, this pressure may keep up in the near-to-medium term if the correlation holds.
The gold price retested its bearish continuation pattern following its breakdown.
The BoJ is defending the 25bp level on its JGBs. However, it is questionable if the central bank can maintain this, given the current global economy.
Copper is positively correlated with economic cycles. Therefore, its latest price action is a cause for concern.
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