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.

Central Bankers Switch Gear; EUR/NZD Reversal

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>US economic reports have significantly underwhelmed expectations in recent months.  Confidence indicators may be ebbing, and the rebound in Q2 appears quite modest following a weak Q1.  Inflation indicators have slumped in recent months.  The Fed policy tightening stance now appears to rely almost solely on the labor market; if this were to lose momentum, the recent Fed hawkishness might be walked back.  Dudley made it clear that easier financial conditions had boosted the case for policy tightening.  This should be a warning to equity investors that the Fed may persist with policy tightening until asset prices lose upward momentum.  Commentators and policymaker are starting to view low inflation outcomes as structural. Some central banks are shifting their focus surreptitiously from inflation targets to real interest rates and financial conditions.  The RBA has accepted a lower glide path back to its inflation target, the Bank of Canada shifted to a tightening bias despite a slump in inflation readings, and the Fed is now more cognizant of financial conditions.  A traditional focus on inflation targets may have boosted asset prices and built-in financial stability risks; recalibrating policy may see asset prices correct lower.</em></p>

US economic reports have significantly underwhelmed expectations in recent months.  Confidence indicators may be ebbing, and the rebound in Q2 appears quite modest following a weak Q1.  Inflation indicators have slumped in recent months.  The Fed policy tightening stance now appears to rely almost solely on the labor market; if this were to lose momentum, the recent Fed hawkishness might be walked back.  Dudley made it clear that easier financial conditions had boosted the case for policy tightening.  This should be a warning to equity investors that the Fed may persist with policy tightening until asset prices lose upward momentum.  Commentators and policymaker are starting to view low inflation outcomes as structural. Some central banks are shifting their focus surreptitiously from inflation targets to real interest rates and financial conditions.  The RBA has accepted a lower glide path back to its inflation target, the Bank of Canada shifted to a tightening bias despite a slump in inflation readings, and the Fed is now more cognizant of financial conditions.  A traditional focus on inflation targets may have boosted asset prices and built-in financial stability risks; recalibrating policy may see asset prices correct lower.

Fed Vs. The Data, Dudley Writing Calls on the S&P

USD

Fed Vs. The Data, Dudley Writing Calls on the S&P