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.

As Geopolitical Risk Rises, US Political Risk Eases

USA Confidence Fades, EUR Fortunes Rise, AUD Angst Builds

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>It is surprising to see US yields fall and the bond curve at its flattest point since December after the FOMC minutes where the Fed firmed up expectations it would begin its asset run-off later this year, after one or two more rate hikes. The fall in equities in recent weeks and lower bond yields may reflect the Trump administration’s setbacks and falling confidence that it can deliver tax reform. Additionally, there may be some worries over geopolitical risks as gas attacks in Syria and ballistic missile tests in North Korea add pressure on the Trump administration. As yet there is also no smoking gun on inflation in the USA and some mixed economic reports recently.  Lower equities and yields continue to support JPY and gold.  However, the Trump/Xi meeting has the potential to deliver soothing rhetoric for the equity market, and the ADP employment report was again much stronger than expected, raising the odds of a strong payrolls report.  This may lift US yields, and support the USD/JPY from the low end of its current range.  Much may depend on the wages data and indicators of tightness in labor market.</em></p>

It is surprising to see US yields fall and the bond curve at its flattest point since December after the FOMC minutes where the Fed firmed up expectations it would begin its asset run-off later this year, after one or two more rate hikes. The fall in equities in recent weeks and lower bond yields may reflect the Trump administration’s setbacks and falling confidence that it can deliver tax reform. Additionally, there may be some worries over geopolitical risks as gas attacks in Syria and ballistic missile tests in North Korea add pressure on the Trump administration. As yet there is also no smoking gun on inflation in the USA and some mixed economic reports recently.  Lower equities and yields continue to support JPY and gold.  However, the Trump/Xi meeting has the potential to deliver soothing rhetoric for the equity market, and the ADP employment report was again much stronger than expected, raising the odds of a strong payrolls report.  This may lift US yields, and support the USD/JPY from the low end of its current range.  Much may depend on the wages data and indicators of tightness in labor market.

Market yet to React to Approaching Fed Asset Run-Off