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.

RBA and RBNZ in the Hot Seat, Trump’s Tirade Threatens Global Risk Appetite

A Tortured RBA Statement – They Make the Case to Ease Policy, but Held Steady for No Apparent Reason

Australian Labour and Wages Indicators Point Lower Ahead of Key Data Next Week

RBA’s Debelle Strikes Optimistic Tone; Remains Lazor Focused on the State of the Labour Market

Low Inflation May Force the RBA’s Hand in May

Dollar Tests Highs as Global Risk Aversion Remains Elevated

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

The RBA should cut rates next week to signal that its inflation target still matters.  Slumping inflation expectations over the last six months, and shifting global central bank focus to address low inflation outcomes, make it more imperative for the RBA to act.  Its patience with low inflation was appropriate when the housing market and associated financial stability risks were rising; this is no longer the case. Global and domestic economic indicators have already shifted the balance of risks towards a weaker labour market.  Waiting until after the election or until actual labour data soften before cutting risks more damage to the RBA’s credibility in the medium term, than acting now.The Fed emphasised a rates on hold view today, batting away pressure to address the recent fall in inflation.  Chair Powell highlighted the trimmed mean inflation data that shows inflation still steady at around 2%.  Using statistical measures of underlying inflation there is a clear divergence in inflation trends in the USA (rising) and Australia (falling).  With rates firmly on hold in the US, a rate cut by the RBA might be expected to push the AUD well below 0.70, something the RBA would welcome to help lift inflation expectations in Australia.

The RBA should cut rates next week to signal that its inflation target still matters.  Slumping inflation expectations over the last six months, and shifting global central bank focus to address low inflation outcomes, make it more imperative for the RBA to act.  Its patience with low inflation was appropriate when the housing market and associated financial stability risks were rising; this is no longer the case. Global and domestic economic indicators have already shifted the balance of risks towards a weaker labour market.  Waiting until after the election or until actual labour data soften before cutting risks more damage to the RBA’s credibility in the medium term, than acting now.The Fed emphasised a rates on hold view today, batting away pressure to address the recent fall in inflation.  Chair Powell highlighted the trimmed mean inflation data that shows inflation still steady at around 2%.  Using statistical measures of underlying inflation there is a clear divergence in inflation trends in the USA (rising) and Australia (falling).  With rates firmly on hold in the US, a rate cut by the RBA might be expected to push the AUD well below 0.70, something the RBA would welcome to help lift inflation expectations in Australia.

An RBA Rate Cut Next Week Is the Smart Move; Fed Firmly on Hold