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.

Macroeconomics

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets.  It is evident that a significant correction in the USD has occurred in the first week of the year.  This may reflect significantly stronger than expected economic indicators in a range of countries other than the USA, suggesting that a cyclical upswing in the global economy is underway since around Q4 last year, helping lift support for global asset prices and investment outside of the USA.  It may reflect a natural cooling in the outlook for the Trump-effect on the USA economy after a surge of optimism late last year.  It may reflect a spillover from a rebound in Chinese yuan engineered by a squeeze in offshore CNH liquidity.  CNH volatility around the turn of the year is starting to look like a regular occurrence, after similar developments a year earlier.

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets.  It is evident that a significant correction in the USD has occurred in the first week of the year.  This may reflect significantly stronger than expected economic indicators in a range of countries other than the USA, suggesting that a cyclical upswing in the global economy is underway since around Q4 last year, helping lift support for global asset prices and investment outside of the USA.  It may reflect a natural cooling in the outlook for the Trump-effect on the USA economy after a surge of optimism late last year.  It may reflect a spillover from a rebound in Chinese yuan engineered by a squeeze in offshore CNH liquidity.  CNH volatility around the turn of the year is starting to look like a regular occurrence, after similar developments a year earlier.

Broadening Evidence of Global Economic Recovery

Independent Insight Provider

Stewart Paterson

Taurus Advisors LLP

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with his commanding the sea to retreat and ending up with wet feet. The tide, it turned out, would obey none, not even a successful King and empire builder. The story is often represented as one of human folly and hubris. The power- mad ruler who thought he could command nature. In fact the reverse is true. Cnut was specifically setting out to teach his…

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with his commanding the sea to retreat and ending up with wet feet. The tide, it turned out, would obey none, not even a successful King and empire builder. The story is often represented as one of human folly and hubris. The power- mad ruler who thought he could command nature. In fact the reverse is true. Cnut was specifically setting out to teach his…

China Macroeconomics & Academia

Christopher Balding

There was some consternation last night as the CNH surged against the USD bringing the CNY-CNH spread to an unprecedented 800 or so.  What is interesting is that there seemed to be no news or move in underlying currencies that would cause such a move.We can find no clear reason that would drive a late day and post standard trading hour surge in the CNH.  Let us review the major reasons given as explanations.Some have argued this may be due to tightening capital controls out of China.  Possible…

There was some consternation last night as the CNH surged against the USD bringing the CNY-CNH spread to an unprecedented 800 or so.  What is interesting is that there seemed to be no news or move in underlying currencies that would cause such a move.We can find no clear reason that would drive a late day and post standard trading hour surge in the CNH.  Let us review the major reasons given as explanations.Some have argued this may be due to tightening capital controls out of China.  Possible…

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely peak in January / February but will likely not moderate much until May/June.  CPI rose from 7% YoY to 8.53% YoY in December but perhaps most alarmingly core CPI rose from 6.99% to 7.48%. In consequence bond yields have started to widen again in Turkey and given the heavy reliance on foreign bond purchases to fund the stock of debt, the currency has come…

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely peak in January / February but will likely not moderate much until May/June.  CPI rose from 7% YoY to 8.53% YoY in December but perhaps most alarmingly core CPI rose from 6.99% to 7.48%. In consequence bond yields have started to widen again in Turkey and given the heavy reliance on foreign bond purchases to fund the stock of debt, the currency has come…

Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

<ul><li>Industrial production in China appears to be stabilizing above the 6.0% level</li><li>Impact of the economic and political policies of the incoming US administration as well as the impact of Brexit on China’s exports will need to be monitored</li><li>The RMB is likely to weaken as exports and economy slow and capital outflows continue</li></ul>

Industrial production in China appears to be stabilizing above the 6.0% levelImpact of the economic and political policies of the incoming US administration as well as the impact of Brexit on China’s exports will need to be monitoredThe RMB is likely to weaken as exports and economy slow and capital outflows continue

China

Ping An Insurance (Group) Company of China Limited provides a variety of insurance service in China.  The Company writes property, casualty, and life insurance.  Ping An Insurance also offers financial services.

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Ping An Insurance (H) (2318 HK)

Broadening Evidence of Global Economic Recovery

In our first note for 2017 we are not ready to draw any significant conclusions for global currency markets. It is evident that a significant...

Greg Gibbs

Money Matters: King Cnut and the PBOC.

King Cnute (995-1035) is largely recognized as one of the most effective of kings in the Anglo-Saxon period. His name is most often associated with...

Stewart Paterson

What Caused the CNH Surge?

There was some consternation last night as the CNH surged against the USD bringing the CNY-CNH spread to an unprecedented 800 or so. What is...

Christopher Balding

Money Matters: Turkey on the Brink?

Inflation data released in Turkey today is not encouraging. PPI rose nearly 3% MoM and now stands at 9.94% YoY. Oil price inflation will likely...

Stewart Paterson

Marketnomix Insight: China

Industrial production in China appears to be stabilizing above the 6.0% level Impact of the economic and political policies of the incoming US...

Rajan Govil

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