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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FXCM’s CHN50 CFD is showing good signs of progress on a primary trend basis. It has broken above its down sloping trendline that has defined price momentum since February 2021, indicating that the downwards momentum has certainly waned. Importantly its trend following indicators which have been in a bearish formation for over two years are looking to cross up (top black ellipse). This positivity is accompanied by an RSI which…
Over the course of 2024 the US real rate has appreciated by just under 24% (top red arrow) and is currently at 2.11%. Not surprisingly, the smaller companies have felt the burden more so than the large cap companies.
SPX500 stock futures are trading higher pre-cash open (red arrow). The index is extending gains following a weaker than expected US jobs report on Friday boosting the prospects of a rate cut by the Federal Reserve.
The Japanese yen hit a 34-year low against the dollar on Monday before rebounding, amidst speculation of official intervention. Thin trading in Japan due to Shōwa Day saw the USD/JPY swiftly rise, reaching its weakest level against the dollar since 1990. This year, the USD/JPY has gained around 12%, driven by widening bond yield differentials. While US 2-year Treasury yields rose by 75 basis points to 5%, Japan's 2-year bond…
DAX short-term traders not aligned with longer term participants.
The weekly chart shows a downside bias. However, support is holding. If the hourly chart develops bearish signals, support may be tested and if longer term downside momentum holds, support is likely to be broken.
GameStop (GME.us) shares are set to gap lower on today's gap cash open, after the videogame retailer reported worse-than-expected revenue for its fourth quarter ended January. Adjusted EPS came in at 22 cents, with analysts forecasting 30 cents per share. Sales were also below the consensus of $2.05 billion at $1.79 billion. Hardware and accessories sales fell to $1.09 billion, down from $1.24 billion, and software sales declined 31% to…
The EURUSD is slipping as we enter this week’s trading period. Its green 5-week EMA is crossing below its orange 10-week EMA (black ellipse) as a sign of potential weakness. Its weekly RSI has dipped below 50 (green rectangle). The longer this indicator maintains on the bearish side of 50, the greater downside momentum pressure the EURUSD currency pair will face.
Over the course of this year, the 10-year real rate has charted a higher trough, suggesting support for yields. This may raise some eyebrows as the narrative surrounding rates has changed, which may, in turn, impact on the financial markets.
Apple is in talks with Google to use Gemini artificial intelligence in the iPhone. Gemini is Google’s suite of generative AI tools and may be integrated into iPhone software later this year - Apple may release iOS 18 at its June Worldwide Developer’s Conference.
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