Richard Jones has traded and invested in interest rate and FX market portfolios spanning three decades, both on the buy-side and sell-side. He was also an FX & Rates Strategist with Bloomberg News’ Markets Live and First Word products.
Meet Richard Jones
Recent Articles
FX
G10 FX Weekly: Selling USD on Rallies Looks Attractive
Richard Jones
Summary Beginning in Q4 2024, the US dollar index (DXY) ascent has impressively climbed over 9% since troughing in late September. DXY upside accelerated after Trump’s election victory, with roughly two-thirds of the gain from Q4 occurring since the US election. As Trump takes power next week, we think the USD could be topping out […]
Momentum Models Are Very Bearish Bonds and Long USD
Richard Jones
When evaluating the performance of our momentum models we are considering the average performance across the one-, three-, and 12-month momentum models. Summary Momentum models were down -0.2% over the past week, with FX and rates models both down -0.1% WoW, and equity models down -0.6% WoW. Momentum models are up +1.2% in aggregate over […]
Momentum Models Gain Led by Strong FX Performance
Richard Jones
When evaluating the performance of our momentum models we are considering the average performance across the one-, three-, and 12-month momentum models. Summary Momentum models were up +0.4% over the past week, with FX models up +0.7% WoW, rates models up +0.1% WoW, and equity models flat WoW. Momentum models are up +0.1% in aggregate […]
G10 FX Weekly: Expect Noisy Price Action Next Week, but Next Big Moves to Start in January
Richard Jones
Summary Next week sees a flurry of event risk, with the Fed, Bank of Japan (BoJ) and the Bank of England (BoE) rate decisions standing out. Price action has been largely sideways the past month for the US dollar index (DXY) and US yields, with rangebound trading predominant. Expect markets to remain within the November/December […]