FX Strategist

Greg Gibbs

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

Risk aversion on uncertain events from the US-China truce to Brexit and various other issues; including the OPEC meeting, and uncertainty over the global economy dominated markets on Tuesday. However, the Fed has softened its tone, the US and China have restarted negotiations,  Pro-EU members of the UK parliament appear to have gained ascendancy, and Italy is trying harder to reach a budget accord with the EU.  There seems more reason for US, UK, EU and Asian asset markets to recover rather than falter.

Risk aversion on uncertain events from the US-China truce to Brexit and various other issues; including the OPEC meeting, and uncertainty over the global economy dominated markets on Tuesday. However, the Fed has softened its tone, the US and China have restarted negotiations,  Pro-EU members of the UK parliament appear to have gained ascendancy, and Italy is trying harder to reach a budget accord with the EU.  There seems more reason for US, UK, EU and Asian asset markets to recover rather than falter.

Pro-EU Side Gains Ascendancy in UK Parliament

The market appears to be taking a grimmer view of big global risk factors (Brexit, Italy, Chinese economy, and US trade policy).  The relative certainty that the Fed will persist with rate hikes despite souring global growth confidence may by driving up the USD.  Asian markets may be undermined by signs of weaker demand for tech goods, and a lack of bounce in Chinese assets pointing to deeper more persistent troubles in China over an above fears over US trade policy.  The EUR may be responding belatedly to persistently softer growth in the Eurozone and fading confidence in its export markets.  Brexit uncertainty has increased, dragging down GBP, but it could rebound quickly if the market contemplates fresh elections and a second referendum.  Two-way risks remain into year end.  China is rolling out policies to support its economy, the Xi-Trump meeting may ease trade tensions, US political risks may become more elevated, oil price falls may support the global economy, and US rate hike expectations may fade if US equities slide accelerates.  However, a relatively robust US economy, high USA yields, and fading global confidence may drive further gains in the USD in coming weeks.

The market appears to be taking a grimmer view of big global risk factors (Brexit, Italy, Chinese economy, and US trade policy).  The relative certainty that the Fed will persist with rate hikes despite souring global growth confidence may by driving up the USD.  Asian markets may be undermined by signs of weaker demand for tech goods, and a lack of bounce in Chinese assets pointing to deeper more persistent troubles in China over an above fears over US trade policy.  The EUR may be responding belatedly to persistently softer growth in the Eurozone and fading confidence in its export markets.  Brexit uncertainty has increased, dragging down GBP, but it could rebound quickly if the market contemplates fresh elections and a second referendum.  Two-way risks remain into year end.  China is rolling out policies to support its economy, the Xi-Trump meeting may ease trade tensions, US political risks may become more elevated, oil price falls may support the global economy, and US rate hike expectations may fade if US equities slide accelerates.  However, a relatively robust US economy, high USA yields, and fading global confidence may drive further gains in the USD in coming weeks.

A Grimmer View on Global Risks Boosting the Dollar

Hopes that the US and China will avert an all-out trade war and one low inflation print in the USA have sparked a ray of hope for emerging-market assets.  Hopes that UK PM May can navigate a Brexit plan through a fractured UK parliament have lifted the GBP.  The US mid-term elections are a risk for the continuity of US economic and trade policy.  In these days of extreme controversy over the leadership style of the US President, we cannot discount political chaos come November.  However, evidence of extreme tightening in the US labor market has kept US rates near their recent highs and may yet reassert USD strength.

Hopes that the US and China will avert an all-out trade war and one low inflation print in the USA have sparked a ray of hope for emerging-market assets.  Hopes that UK PM May can navigate a Brexit plan through a fractured UK parliament have lifted the GBP.  The US mid-term elections are a risk for the continuity of US economic and trade policy.  In these days of extreme controversy over the leadership style of the US President, we cannot discount political chaos come November.  However, evidence of extreme tightening in the US labor market has kept US rates near their recent highs and may yet reassert USD strength. 

Wading Through Event Risks – Trade, Brexit, Fed Policy, US Mid-Terms

I posted a bullish GBP report on Monday, based mostly on the Chequers agreement, but also on the improved UK economic reports and BoE comments last week.<a href="https://www.smartkarma.com/insights/gbp-may-be-in-a-sweet-spot" target="_blank">GBP may be in a sweet spot - SmartKarma.com</a>Considering the fast-moving developments on Monday, with the resignations of the Brexit and Foreign Secretaries, Davis and Johnson, from the Tory cabinet, these are my follow-up thoughts.I did not expect Davis or Johnson to resign.  However, it still appears to me that May had a win on Friday when her…

I posted a bullish GBP report on Monday, based mostly on the Chequers agreement, but also on the improved UK economic reports and BoE comments last week.GBP may be in a sweet spot - SmartKarma.comConsidering the fast-moving developments on Monday, with the resignations of the Brexit and Foreign Secretaries, Davis and Johnson, from the Tory cabinet, these are my follow-up thoughts.I did not expect Davis or Johnson to resign.  However, it still appears to me that May had a win on Friday when her…

GBP has made gains since Friday and may be placed to extend these in coming weeks after recent stronger than expected UK economic reports, upbeat comments from BoE Governor Carney, and a political win for PM May that should help ease Brexit uncertainty in the near term. Trade tensions remain fraught between the US and China and recent weakness in global export confidence may keep Asian currencies under pressure.  China is courting the EU in trade relations to counter the risks of a US trade war.  The EU may find it can ease its trade risks while the US and China slug it out.

GBP has made gains since Friday and may be placed to extend these in coming weeks after recent stronger than expected UK economic reports, upbeat comments from BoE Governor Carney, and a political win for PM May that should help ease Brexit uncertainty in the near term. Trade tensions remain fraught between the US and China and recent weakness in global export confidence may keep Asian currencies under pressure.  China is courting the EU in trade relations to counter the risks of a US trade war.  The EU may find it can ease its trade risks while the US and China slug it out. 

United Kingdom

The British Pound Sterling is the official currency of The United Kingdom. 

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GBP (GBPUSD CURNCY)

Pro-EU Side Gains Ascendancy in UK Parliament

Risk aversion on uncertain events from the US-China truce to Brexit and various other issues; including the OPEC meeting, and uncertainty over the...

Greg Gibbs

A Grimmer View on Global Risks Boosting the Dollar

The market appears to be taking a grimmer view of big global risk factors (Brexit, Italy, Chinese economy, and US trade policy). The relative...

Greg Gibbs

Wading Through Event Risks – Trade, Brexit, Fed Policy, US Mid-Terms

Hopes that the US and China will avert an all-out trade war and one low inflation print in the USA have sparked a ray of hope for emerging-market...

Greg Gibbs

Fresh UK Political Turmoil

I posted a bullish GBP report on Monday, based mostly on the Chequers agreement, but also on the improved UK economic reports and BoE comments last...

Greg Gibbs

GBP May Be in a Sweet Spot

GBP has made gains since Friday and may be placed to extend these in coming weeks after recent stronger than expected UK economic reports, upbeat...

Greg Gibbs

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