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
FX | UK | US
G10 FX Weekly: December Dollar Downside? Patience the Modus Operandi for Short GBP
Richard Jones
We expect USD downside in December, mostly in the last two weeks. However, the outsized November fall may have already accounted for much of the move.
G10 FX Weekly: GBP (Eventually) Lower, USD Rangebound, Be Patient into Year-End
Richard Jones
Markets are chopping around in ranges, with the November highs/lows across the G10 FX and rates space to contain price action into year-end.
G10 FX Weekly: After the Big Repricing, It Is Time for Consolidation
Richard Jones
Summary Sharp moves lower in US yields and the US dollar (USD) index (DXY) this month have taken both to multi-month lows. We think these outsized market reactions are in large part due to lopsided market positioning (long USD and short the US rates market). After the big market moves, we think a clear-out has […]
Momentum Models Continue to Underperform
Ben Ford, 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 (-0.5% WoW) added to last week’s losses, with rates (-1.2% WoW) leading. FX momentum models (-0.1% WoW) registered smaller losses. Rates momentum models are the best-performing models over a three-month […]