FX Strategist

Greg Gibbs

Greg has had a long career in foreign exchange, beginning at the Reserve Bank of Australia in 1989.  He was the first economics graduate at the Bank to be assigned to the foreign exchange dealing desk. Greg learnt from highly respected stewards of policy and market development at the Bank.  He played a leading role in establishing the Bank’s approach to asset and currency management of its international reserves, and managed the Bank's Japanese bond portfolio for a year before joining the private sector in 1995.

In October 2015, Greg launched his own FX research company, Amplifying Global FX Capital, after completing duties at the Royal Bank of Scotland in Singapore where he was the Head of Asia Pacific Markets Strategy since February 2014.  His flagship  report (AmpGFX) is available here on SmartKarma.

He has maintained a trading track record since March 2013. The results are very good over this period. There have been significant macro developments that suit his approach to markets. He is now managing his own capital and will often have positions in the markets that he is writing about in his AmpGFX report.

For a detailed biography and trading performance analysis head to the ampGFXcapital.com website.

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.

FX & Rates

The abrupt turnaround in the AUD on Thursday may be indicative of a more erratic FX market this year.  But it may also reflect two big risks that continue to lurk in the background – increasing financial risk in China and financial stress emanating from the apartment sector in Australia.  The Australian employment data were also significantly weaker, fanning the concerns over under-employment expressed by the RBA in recent statements.  Commodity price indicators have been quite supportive for the AUD recently, but apartment sector financial stresses may now be on the footstep of the RBA before the economy has had time to work through the final phase of the mining investment downturn.  Australian banks’ are not too heavily exposed to apartment sector problems, but they have tightened credit to the sector.  Much less is known about property developers, but they are thought to be highly leveraged and facing significant headwinds.  They may prove to be a significant drag on activity and confidence and force the RBA to ease policy more than expected in coming months.  The New Zealand property market will not be immune with their banks also tightening credit under orders from head offices in Australia and tough new macroprudential measures introduced since October.

The abrupt turnaround in the AUD on Thursday may be indicative of a more erratic FX market this year.  But it may also reflect two big risks that continue to lurk in the background – increasing financial risk in China and financial stress emanating from the apartment sector in Australia.  The Australian employment data were also significantly weaker, fanning the concerns over under-employment expressed by the RBA in recent statements.  Commodity price indicators have been quite supportive for the AUD recently, but apartment sector financial stresses may now be on the footstep of the RBA before the economy has had time to work through the final phase of the mining investment downturn.  Australian banks’ are not too heavily exposed to apartment sector problems, but they have tightened credit to the sector.  Much less is known about property developers, but they are thought to be highly leveraged and facing significant headwinds.  They may prove to be a significant drag on activity and confidence and force the RBA to ease policy more than expected in coming months.  The New Zealand property market will not be immune with their banks also tightening credit under orders from head offices in Australia and tough new macroprudential measures introduced since October.

Apartment Glut Fears May Have Hit the AUD and NZD