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.

Fed Vs. The Data, Dudley Writing Calls on the S&P

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 EUR is on the fly Tuesday after a month or more of consolidation.  The catalyst is a speech from Draghi.  Coming on the back of a number of more optimistic central bank noises in recent weeks, the market may feel there is something coordinated about these events.  <a href="https://ampgfxcapital.com/reports/fed-vs-the-data-dudley-writing-calls-on-the-sp/" target="_blank">As we discussed in our report yesterday</a>, central banks are shifting their focus surreptitiously from inflation targets to real interest rates and financial conditions.  In terms of hawkish or less dovish surprises, count the Bank of Canada on 12 June (Speech by Deputy Governor Wilkins), the FOMC meeting on 14 June, the Bank of England 5-3 vote split on 15 June, Bank of England Chief Economist and MPC member Haldane speech on 21 June, Fed Dudley speech on Monday 26 June, and ECB’s Draghi speech on Tuesday, 27 June.  The Fed’s Yellen and Fischer also suggested they see risks in recent low levels of global risk premia.  We can include the Reserve Bank of Australia in the movement, since it has accepted a lower glide path back to its inflation target in deference to its concern over high house prices and household debt.  As mentioned in our report yesterday, this is a warning to equity investors.  Equities are already showing fatigue and are vulnerable to a significant correction. Central banks are effectively encouraging some rise in real bond yields.  We have noted in the past that the more highly indebted households, in New Zealand and Australia, leaves their currencies more vulnerable to rising global bond yields.  The EUR has surged against the NZD, forming an outside range day trend reversal against the 200-day moving average.

The EUR is on the fly Tuesday after a month or more of consolidation.  The catalyst is a speech from Draghi.  Coming on the back of a number of more optimistic central bank noises in recent weeks, the market may feel there is something coordinated about these events.  As we discussed in our report yesterday, central banks are shifting their focus surreptitiously from inflation targets to real interest rates and financial conditions.  In terms of hawkish or less dovish surprises, count the Bank of Canada on 12 June (Speech by Deputy Governor Wilkins), the FOMC meeting on 14 June, the Bank of England 5-3 vote split on 15 June, Bank of England Chief Economist and MPC member Haldane speech on 21 June, Fed Dudley speech on Monday 26 June, and ECB’s Draghi speech on Tuesday, 27 June.  The Fed’s Yellen and Fischer also suggested they see risks in recent low levels of global risk premia.  We can include the Reserve Bank of Australia in the movement, since it has accepted a lower glide path back to its inflation target in deference to its concern over high house prices and household debt.  As mentioned in our report yesterday, this is a warning to equity investors.  Equities are already showing fatigue and are vulnerable to a significant correction. Central banks are effectively encouraging some rise in real bond yields.  We have noted in the past that the more highly indebted households, in New Zealand and Australia, leaves their currencies more vulnerable to rising global bond yields.  The EUR has surged against the NZD, forming an outside range day trend reversal against the 200-day moving average.

Central Bankers Switch Gear; EUR/NZD Reversal

USD

Central Bankers Switch Gear; EUR/NZD Reversal