Strident US trade policy supporting the USD
There are a few different themes to wrap your head around in the FX market. We started today looking into trade rhetoric and its impact on markets. Last week it appeared that trade tensions were easing, this week they are ratcheting up again. Trump is willing to go to significant lengths to redress what he sees as long-lived and ingrained foreign policies to protect their industries. He wants to seek advantage for US industries and sees this as important for shoring up his political support and delivering on his election promises. The proposed auto tariffs are moves on the EU and NAFTA partners. Sanctions policy on Iran and Russia add to trade tensions with Europe. Failing detente with North Korea may intensify US trade tensions with China. We should continue to expect a stream of trade-protectionist threats from the US. These are likely to be aimed at China, the EU, and its Nafta partners, but may have a much wider effect. Early on, Trump’s trade rhetoric appeared to weaken the USD on fears that Trump would isolate the US, weaken US hegemony, and undermine the reserve status of the USD. As Trump’s domestic political fortunes rise, strident trade policy is tending to boost the USD, lifting growth and inflation risks at home, dampening confidence in trade partners and global growth.
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 licensed in Australia to provide financial services.
We produce macroeconomic analysis of topical themes in global financial markets, with a particular focus on foreign exchange.
These reports are drawn from analysis by Greg Gibbs and inform the capital management he undertakes on behalf of the company.
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.
We have two subscription levels for our research. AmpGFX members receive our AmpGFX reports. These are our flagship macroeconomic analysis produced two to three times per week. Real-Time members receive our AmpGFX reports plus Real Time Briefings. These include our specific trading strategy, including our entry levels and related orders, and additional market commentary.
Greg Gibbs is the director and founder of Amplifying Global FX Capital. Greg began his career at the Reserve Bank of Australia in 1989, and in the early 1990s, he was the first economics graduate at the Bank to be assigned to the foreign exchange dealing desk. In 1996, Greg joined Bankers Trust Australia on the FX sales desk covering Australian and international fund managers. In 1999, he joined Westpac Bank in New York and switched to the research side to become the bank’s first FX strategist based in New York, carving out a role covering major currencies. In 2002, he returned to Australia as senior FX strategist at RBC covering APAC currencies, and in 2006 he moved to ABN AMRO in Sydney, reuniting with many of his colleagues from Bankers Trust that were again part of a thriving full-service investment bank. Greg continued to work on at RBS in Sydney as senior FX strategist after it took over ABN AMRO in 2008. He moved to Singapore in July 2012 after the bank consolidated its FX business in Asia, and was appointed Head of APAC Markets Strategy for the bank in February 2014. In early 2015, Greg began to work on establishing his own company, Amplifying Global FX Capital, and launched its website in August 2015 after completing duties at RBS.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.