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.

Phase II of Fed Policy Normalization May See Bigger Dollar Fall

RBA Rate Hikes in View, Tail Risks a Distraction

NZD Resilience Rooted in Immigration, Low Global Yields and Strong EM Markets, Political Risk Looms

Bank of Canada Set to Hike, but What About the RBA?

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

<p><em>An easing in Chinese financial stress indicators, a recovery in Chinese metals and coal futures prices, and generally upbeat Australian economic reports in recent weeks suggests that the AUD may perform relatively well in the near term at least.  Upside against the USD may be limited, but it may have room to rebound from near range lows against the NZD. While New Zealand economic activity remains robust, dairy prices have been stable in recent weeks, the New Zealand housing market appears to be more clearly slowing down in response to macroprudential measures introduced late last year.  The RBNZ is progressing on adding DTI limits to its macroprudential toolkit.  The NZ national election is coming into view and a return to the stable and respected National-led Parliament is not assured.  Futures market positioning suggests that there is an unusual net long NZD position held on the CME.  GBP looks vulnerable after a series of poor economic reports that suggest that Brexit uncertainty may only just be starting to undermine business confidence.  Furthermore, political uncertainty is still rising as the authority of PM May is questioned in parliament and by the media.  The BoE may have been premature in warning of possible rate hikes later this year.  Near term, direction may depend on the UK labour report this week.</em></p>

An easing in Chinese financial stress indicators, a recovery in Chinese metals and coal futures prices, and generally upbeat Australian economic reports in recent weeks suggests that the AUD may perform relatively well in the near term at least.  Upside against the USD may be limited, but it may have room to rebound from near range lows against the NZD. While New Zealand economic activity remains robust, dairy prices have been stable in recent weeks, the New Zealand housing market appears to be more clearly slowing down in response to macroprudential measures introduced late last year.  The RBNZ is progressing on adding DTI limits to its macroprudential toolkit.  The NZ national election is coming into view and a return to the stable and respected National-led Parliament is not assured.  Futures market positioning suggests that there is an unusual net long NZD position held on the CME.  GBP looks vulnerable after a series of poor economic reports that suggest that Brexit uncertainty may only just be starting to undermine business confidence.  Furthermore, political uncertainty is still rising as the authority of PM May is questioned in parliament and by the media.  The BoE may have been premature in warning of possible rate hikes later this year.  Near term, direction may depend on the UK labour report this week.

AUD Clouds Clearing, GBP Storm Clouds Brewing