Report
EUR 43.52 For Business Accounts Only

Trump vs. free trade orthodoxy

Trump trade policy confuses an already muddled FX market. The loud howls from near and far decrying the Trump tariffs may be contributing to an already negative global investor view of the USD.  However, most ways you slice it, Trump’s tariffs and broader economic nationalist policies should support the USD, particularly against EM and commodity currencies.  In Trump’s view of the world, the USA has been taken advantage of by pursuing the high ground of free trade orthodoxy.  If he is right, it makes sense to respond with trade protection even if that generates risks for growth.  Most agree that there is global over-production of steel.  If so, the US, as the largest steel importer, has the market clout to help address that problem with tariffs.  Fears for a negative fallout to other US industries is probably over-blown.  Threats of retaliation against the USA may be just that, as most of its trade partners have more to lose than gain if Trump plays hardball and responds in kind. 

Provider
Amplifying Global FX Capital Pty Ltd
Amplifying Global FX Capital Pty Ltd

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. 

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Greg Gibbs

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