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.
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Recent Articles
Rates | US
G10 FX Weekly: US Short-End Is a Buy-on-Dips
Richard Jones
Summary US short-end yields have been wild this month, with prices rallying and sliding with every White House policy zigzag. The 2-yr US Treasury (UST) yield is now very near the middle of April’s MTD range (~3.65%/~3.95%). Technicals on US short-end futures contracts are neutral, very near the middle of the 30 (oversold)/70 (overbought) RSI […]
G10 FX Weekly: USD/CAD Downside Losing Momentum, Approaching Level Where It Should Bounce
Richard Jones
Summary USD/CAD is down for the sixth successive week, and for the eighth week in ten. The pair printed a new YTD low this week, where it currently trades. USD/CAD is approaching its 200-day moving average (DMA), very near 1.4000. Market Implications We think the 200-DMA should robustly support USD/CAD and with an RSI approaching […]
G10 FX Weekly: EUR/USD Upside Trend Is Durable, but Expect Near-Term Correction Lower
Richard Jones
Summary EUR/USD is up ~6% so far year-to-date (YTD). The pair hovers about one percentage point off its YTD high seen yesterday, having gained about 1.5% this week ahead of the US jobs report and Powell’s speech later today. Technicals show EUR/USD as overbought in the near-term, coinciding with CTAs ramping up EUR/USD long positioning. […]
G10 FX Weekly: Go Long UST When Its Price Dips
Richard Jones
Summary On 14 February, the US Treasury (UST) 2-year, 10-year, and the 30-year yields were at ~4.30%, ~4.5% and 4.70%, respectively. Back then, we thought UST yields would trade within the YTD ranges established at that time. UST yields then plummeted to new YTD lows and have now bounced. Market Implications We think that there […]