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.

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>The USA ISM manufacturing survey was surprisingly weak, confirming the trend apparent in regional surveys recently.  The data should cause some pause in the debate edging towards a rate hike in the USA.  The global PMI fell back somewhat suggesting a stalling in its recent improvement.  It remains weak in the low 50s.  China’s PMI rose a bit but remains low.  Analysts are cautiously optimistic that China’s economy and financial conditions are stable in the near term, but most continue to acknowledge that China’s growth is relying too heavily on easy money conditions and fiscal expansion, and restructuring has a long way to run.  On the eve of the G20 leaders meeting this weekend, the IMF released a very pessimistic outlook for the global economy highlight disinflation trends, weak global trade growth, dragging down global investment, and a tough political environment getting in the way of needed reform.  A distinguished policy expert in Japan recommends a deeper rate cut by the BoJ and revamp of policy that might help steepen the Japanese yield curve.  We continue to see scope for JPY weakness, which may help the USD recovery.  But strength in the USD may continue to be halting.  Even if the Fed do make another hike in coming months, we can see another prolonged period of rates on hold beyond that.  The rebound in the USD could reverse if payrolls fails to deliver at least solid payrolls.  The Fed would really like to see clearer evidence that broader indicators of the labor market are improving.</em></p>

The USA ISM manufacturing survey was surprisingly weak, confirming the trend apparent in regional surveys recently.  The data should cause some pause in the debate edging towards a rate hike in the USA.  The global PMI fell back somewhat suggesting a stalling in its recent improvement.  It remains weak in the low 50s.  China’s PMI rose a bit but remains low.  Analysts are cautiously optimistic that China’s economy and financial conditions are stable in the near term, but most continue to acknowledge that China’s growth is relying too heavily on easy money conditions and fiscal expansion, and restructuring has a long way to run.  On the eve of the G20 leaders meeting this weekend, the IMF released a very pessimistic outlook for the global economy highlight disinflation trends, weak global trade growth, dragging down global investment, and a tough political environment getting in the way of needed reform.  A distinguished policy expert in Japan recommends a deeper rate cut by the BoJ and revamp of policy that might help steepen the Japanese yield curve.  We continue to see scope for JPY weakness, which may help the USD recovery.  But strength in the USD may continue to be halting.  Even if the Fed do make another hike in coming months, we can see another prolonged period of rates on hold beyond that.  The rebound in the USD could reverse if payrolls fails to deliver at least solid payrolls.  The Fed would really like to see clearer evidence that broader indicators of the labor market are improving.

AmpGFX - IMF Tells Fed to Play It Cool, Japan Expert Sees BoJ Policy Revamp