FX Strategist

Greg Gibbs

Fundamental analysis of topical themes in FX

Amplifying Global FX Capital

Amplifying Global FX Capital was founded in 2015 and is fully owned by Greg Gibbs. It is a registered company both in Australia and Colorado, USA and is a licensed in Australia to provide financial services.

We are producing a regular trading view orientated macroeconomic analysis of topical themes in global financial markets, with a particular focus on foreign exchange. We invite you to view an “executive summary” of these reports in “AmpGFX Reports” under our “Research” menu.

These reports are drawn from the analysis of Greg Gibbs and inform the capital management he undertakes on behalf of the company. The trading performance is posted periodically on our website. We aim to build our company into both a research and capital management business. We are currently in the planning phase for managing capital for wholesale customers.

Greg Gibbs has spent his working life of more than 26 years in financial markets, beginning in 1989 at the Reserve Bank of Australia, after completing a Bachelor of Economics Degree (Honours) at the Australian National University. He has been a CFA Charterholder since 2005. He has worked in Sydney, Singapore, New York and London for major global banks and presented on foreign exchange markets to major financial institutions and companies around the world, and maintained a high profile in the financial media.

Before Amplifying Global FX Capital, Greg was the Head of Asia Pacific Market Strategy at the Royal Bank of Scotland based Singapore. He now resides in Breckenridge Colorado.

Macroeconomics

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets.  It is evident that a significant correction in the USD has occurred in the first week of the year.  This may reflect significantly stronger than expected economic indicators in a range of countries other than the USA, suggesting that a cyclical upswing in the global economy is underway since around Q4 last year, helping lift support for global asset prices and investment outside of the USA.  It may reflect a natural cooling in the outlook for the Trump-effect on the USA economy after a surge of optimism late last year.  It may reflect a spillover from a rebound in Chinese yuan engineered by a squeeze in offshore CNH liquidity.  CNH volatility around the turn of the year is starting to look like a regular occurrence, after similar developments a year earlier.

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets.  It is evident that a significant correction in the USD has occurred in the first week of the year.  This may reflect significantly stronger than expected economic indicators in a range of countries other than the USA, suggesting that a cyclical upswing in the global economy is underway since around Q4 last year, helping lift support for global asset prices and investment outside of the USA.  It may reflect a natural cooling in the outlook for the Trump-effect on the USA economy after a surge of optimism late last year.  It may reflect a spillover from a rebound in Chinese yuan engineered by a squeeze in offshore CNH liquidity.  CNH volatility around the turn of the year is starting to look like a regular occurrence, after similar developments a year earlier.

Broadening Evidence of Global Economic Recovery

Independent Insight Provider

Stewart Paterson

Taurus Advisors LLP

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with his commanding the sea to retreat and ending up with wet feet. The tide, it turned out, would obey none, not even a successful King and empire builder. The story is often represented as one of human folly and hubris. The power- mad ruler who thought he could command nature. In fact the reverse is true. Cnut was specifically setting out to teach his…

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with his commanding the sea to retreat and ending up with wet feet. The tide, it turned out, would obey none, not even a successful King and empire builder. The story is often represented as one of human folly and hubris. The power- mad ruler who thought he could command nature. In fact the reverse is true. Cnut was specifically setting out to teach his…

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

2016 was an interesting and exciting year in the event driven space with lots of bumps and unexpected breaks. In this insight, we take a look at interesting statistics on M&amp;A deals we covered over the year. We highlight key points of certain interesting deals that concluded in 2016 and round up the note with key trends we expect to see in 2017.

2016 was an interesting and exciting year in the event driven space with lots of bumps and unexpected breaks. In this insight, we take a look at interesting statistics on M&amp;A deals we covered over the year. We highlight key points of certain interesting deals that concluded in 2016 and round up the note with key trends we expect to see in 2017.

Smartkarma Event Driven: 2016 Year in Review

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

<ul>
<li>In the 2016 calendar year, more than 100 companies were involved in share buybacks, with the buyback considerations amounting to S$826 million. <a href="https://www.smartkarma.com/entities/74" target="_blank" data-smartkarma-citation="entities:74">Singapore Airlines Ltd (SIA SP)</a>, <a href="https://www.smartkarma.com/entities/114" target="_blank" data-smartkarma-citation="entities:114">Oversea Chinese Banking Corp. Limited (OCBC SP)</a>, <a href="https://www.smartkarma.com/entities/2894" target="_blank" data-smartkarma-citation="entities:2894">Global Logistic Properties Ltd (GLP SP)</a>, <a href="https://www.smartkarma.com/entities/765" target="_blank" data-smartkarma-citation="entities:765">Olam International Ltd (OLAM SP)</a> and <a href="https://www.smartkarma.com/entities/22" target="_blank" data-smartkarma-citation="entities:22">DBS Group Holdings Ltd (DBS SP)</a> ranked highest in terms of buyback consideration value over the calendar year.</li>
<li>More recently, for the month of December 2016, there were a total of 13,915,200 shares…</li>
</ul>


In the 2016 calendar year, more than 100 companies were involved in share buybacks, with the buyback considerations amounting to S$826 million. Singapore Airlines Ltd (SIA SP), Oversea Chinese Banking Corp. Limited (OCBC SP), Global Logistic Properties Ltd (GLP SP), Olam International Ltd (OLAM SP) and DBS Group Holdings Ltd (DBS SP) ranked highest in terms of buyback consideration value over the calendar year.
More recently, for the month of December 2016, there were a total of 13,915,200 shares…


Over 100 Firms Conducted Share Buybacks Totaling S$826M in 2016

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely peak in January / February but will likely not moderate much until May/June.  CPI rose from 7% YoY to 8.53% YoY in December but perhaps most alarmingly core CPI rose from 6.99% to 7.48%. In consequence bond yields have started to widen again in Turkey and given the heavy reliance on foreign bond purchases to fund the stock of debt, the currency has come…

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely peak in January / February but will likely not moderate much until May/June.  CPI rose from 7% YoY to 8.53% YoY in December but perhaps most alarmingly core CPI rose from 6.99% to 7.48%. In consequence bond yields have started to widen again in Turkey and given the heavy reliance on foreign bond purchases to fund the stock of debt, the currency has come…

Singapore

Smartkarma unites the fragmented investment research industry, connecting institutional investors, independent research providers, and corporates under a single network.

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Smartkarma (SMARTKARMA SP)

Broadening Evidence of Global Economic Recovery

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets. It is evident that a significant...

Greg Gibbs

Money Matters: King Cnut and the PBOC.

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with...

Stewart Paterson

Smartkarma Event Driven: 2016 Year in Review

2016 was an interesting and exciting year in the event driven space with lots of bumps and unexpected breaks. In this insight, we take a look at...

Crispin Francis

Money Matters: Turkey on the Brink?

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely...

Stewart Paterson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Broadening Evidence of Global Economic Recovery

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets. It is evident that a significant...

Greg Gibbs

Money Matters: King Cnut and the PBOC.

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with...

Stewart Paterson

Smartkarma Event Driven: 2016 Year in Review

2016 was an interesting and exciting year in the event driven space with lots of bumps and unexpected breaks. In this insight, we take a look at...

Crispin Francis

Over 100 Firms Conducted Share Buybacks Totaling S$826M in 2016

In the 2016 calendar year, more than 100 companies were involved in share buybacks, with the buyback considerations amounting to S$826 million....

Singapore Exchange Ltd (SGX)

Money Matters: Turkey on the Brink?

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely...

Stewart Paterson