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
Economics & Growth
Momentum Models Ratchet Up USD/JPY Bullishness
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 0.5% over the past week, with outsized positive equity returns leading the way. Equities were up 2.1% WoW, with FX returns up 0.4%, while bonds were the laggards, […]
G10 FX Weekly: EUR/CHF Upside Done, USD/JPY Downside Due
Richard Jones
Summary This week saw a torrent of central bank rate decisions, highlighted by the Bank of Japan (BoJ) ending its negative interest rate policy (NIRP). Also, the Swiss National Bank (SNB) surprised markets by cutting rates by 25bps. The US Federal Reserve (Fed) and Bank of England (BoE) kept policy steady with comparably less fanfare, […]
G10 FX Weekly: Short CHF Stands Out as Central Bank Flurry Approaches
Richard Jones
Summary In the next seven days, six G10 central banks provide monetary policy updates. Excepting the Bank of Japan (BoJ), no interest rate moves are expected. Markets are therefore largely in wait-and-see mode, with most G10 currencies in a range, presenting very few attractive trades. Market Implications One exception to this is being short the […]
G10 FX Weekly: Respect US Rates Ranges Ahead of Huge Event Risk
Richard Jones
Summary US 2-year and 10-year yields have range-traded year-to-date (YTD). US yields in both curve points have retraced slightly lower this month after sharp moves higher in February. We think the US jobs report tomorrow will be the catalyst for the next directional move in the US rates market, with the next Federal Reserve (Fed) […]