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: USD Can Bounce More, but Fade Any Strength
Richard Jones
Summary The USD index (DXY) is rising this week, for only the second week in seven. DXY technicals were oversold, but the Relative Strength Index (RSI) has partly unwound. Room exists for RSIs to unwind slightly higher in the coming days. Long and short USD exposures are not crowded. This clean positioning means chances of […]
Momentum Models Secure Third Straight Week of Gains, Led by Equities
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 +0.1% over the past week, with equity models up +0.3% WoW, FX models up +0.1% WoW and rates models down -0.1% WoW. Momentum models are up +0.4% in […]
FOMC: Preview and Scenario Analysis
Antonio Del Favero, Dominique Dwor-Frecaut, Richard Jones
Summary Our base case is no major changes in the dots, economic projections, or during the presser. The first paragraph in the statement could be updated to reflect recent economic developments. We think the longer-run dot will increase marginally from 3.0% to 3.1%. Market Implications We expect some rates selloff and bear flattening, alongside equity […]
G10 FX Weekly: DXY Starting to Bounce, but Anticipate Further Downside
Richard Jones
Summary The USD Index (DXY) traded 3.5% lower last week – its worst week since November 2022. DXY is trading slightly higher this week, with the index down for six of the past nine weeks. A key DXY technical indicator, the RSI, is turning from being oversold. Market Implications With the technicals turning, we think […]