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.

US Bond Yields and the USD at Key Juncture

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

Global investors heading into Japan equities may no longer be routinely hedging the JPY currency exposure. Equity investors, viewing the largely trendless major currency markets over recent years, albeit with some sizeable swings, and more recently a weaker USD, may be moving funds into Japanese and European equities without currency hedges.  These equity flows may be playing a bigger role in currency performance than in previous years when monetary policy divergence and relative interest rates dominated. US Economic momentum remains intact; GDP is set to rebound in Q2; the labor market is tightening; and gradual Fed tightening remains on track.  This may not be the time to sell the USD after its broad-based fall this year.  But Trump’s antagonistic ill-disciplined style of economic nationalism is a dead-weight on the USD. The US economy must continue to prove its mettle to ensure the USD does not continue to drop. The recent rebound in CNY, while eye-catching, doesn’t reflect any new economic development in China, and still leaves the CNY as one of the weakest currencies in Asia this year.  The AUD remains threatened by evidence of some slowing in demand and tightening credit conditions in China, and signs that the Australian housing market is peaking.

Global investors heading into Japan equities may no longer be routinely hedging the JPY currency exposure. Equity investors, viewing the largely trendless major currency markets over recent years, albeit with some sizeable swings, and more recently a weaker USD, may be moving funds into Japanese and European equities without currency hedges.  These equity flows may be playing a bigger role in currency performance than in previous years when monetary policy divergence and relative interest rates dominated. US Economic momentum remains intact; GDP is set to rebound in Q2; the labor market is tightening; and gradual Fed tightening remains on track.  This may not be the time to sell the USD after its broad-based fall this year.  But Trump’s antagonistic ill-disciplined style of economic nationalism is a dead-weight on the USD. The US economy must continue to prove its mettle to ensure the USD does not continue to drop. The recent rebound in CNY, while eye-catching, doesn’t reflect any new economic development in China, and still leaves the CNY as one of the weakest currencies in Asia this year.  The AUD remains threatened by evidence of some slowing in demand and tightening credit conditions in China, and signs that the Australian housing market is peaking.

USD

Trump Is a Dead-Weight on the USD