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.

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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

Much of the risk premium related to the French election has been unwound contributing to a surge in European asset prices.  EUR is higher, but has stalled around the previous peaks set after the less dovish than expected 9 March ECB meeting.  The rally in EUR still appears modest compared to other Eurozone assets.  European economic surveys have continued to rise in April to their highs since around 2011, despite French election uncertainty. Global growth indicators have also strengthened further.  Expectations of any change in policy guidance have been dampened by ECB comments in recent weeks, but it is under pressure to remove its downside bias on economic risks and interest rates in its policy statement and press conference on Thursday.  Trump may have bitten off more than he can chew this week with a tough road to pass a funding bill complicated by his pressure for including funding for a border wall, passage of a Healthcare bill, and announcing tax policy.  Trump appears more focused on shoring up support from his true believers than passing bills.  He may be pushing ahead with pursuing tougher trade deals; including tariffs on steel imports, fueling fears of trade wars, while confidence in his ability to deliver tax reform or infrastructure spending may be fading.  Passage of a funding bill this week may be crucial for maintaining economic confidence in the USA.  Failure will bring into question the government’s capacity to deal with the debt ceiling, delivering tax reform and tough budget negotiations ahead of the next fiscal year in October.  EUR may not only benefit from less political risk in Europe, but rising political risk in the US and a potential flare-up in geopolitical risk, such as heighten risk of a US conflict with North Korea.

Much of the risk premium related to the French election has been unwound contributing to a surge in European asset prices.  EUR is higher, but has stalled around the previous peaks set after the less dovish than expected 9 March ECB meeting.  The rally in EUR still appears modest compared to other Eurozone assets.  European economic surveys have continued to rise in April to their highs since around 2011, despite French election uncertainty. Global growth indicators have also strengthened further.  Expectations of any change in policy guidance have been dampened by ECB comments in recent weeks, but it is under pressure to remove its downside bias on economic risks and interest rates in its policy statement and press conference on Thursday.  Trump may have bitten off more than he can chew this week with a tough road to pass a funding bill complicated by his pressure for including funding for a border wall, passage of a Healthcare bill, and announcing tax policy.  Trump appears more focused on shoring up support from his true believers than passing bills.  He may be pushing ahead with pursuing tougher trade deals; including tariffs on steel imports, fueling fears of trade wars, while confidence in his ability to deliver tax reform or infrastructure spending may be fading.  Passage of a funding bill this week may be crucial for maintaining economic confidence in the USA.  Failure will bring into question the government’s capacity to deal with the debt ceiling, delivering tax reform and tough budget negotiations ahead of the next fiscal year in October.  EUR may not only benefit from less political risk in Europe, but rising political risk in the US and a potential flare-up in geopolitical risk, such as heighten risk of a US conflict with North Korea.

Political Risk Ebbs in Europe, Rises in the USA