Amplifying Global FX Capital

07/09/2019

A Bit of News about AmpGFX This will be the last AmpGFX report, at least for a while. I am going to put writing these reports on ice and seek work as a macroeconomic and FX consultant.

06/24/2019

RBA has been trying to hold the AUD beach ball under water; its time may be upRBA has been trying to hold the AUD beach ball under water; its time may be up Posted on June 24th, 2019 It might be odd to suggest that the AUD will rise just at the point when the RBA has gone to max-dovishness. But yet

06/21/2019

Which currency do you want to hold – gold, crypto or fiat? Posted on June 21st, 2019 It appears central banks have pivoted towards delivering more policy easing to bolster inflation expectations that have plumbed new lows this year. The Fed has the greatest scope to ease policy, and the prospect o...

06/04/2019

Will Powell come to the party With a small break in the onslaught of bad news on trade barriers and talk of anti-trust investigations, US equities rebound from their recent sharp falls. US yields are also off the deck, but the market is sending out invitations for a rate cut party, and waiting for t

05/31/2019

05/28/2019

Bond markets displaying fear, equities clinging to the notion of a Fed or Trump put Posted on May 28, 2019 The US equity market slid into the close on Tuesday to sit on key supports. The market is beginning to acknowledge that trade policy actions to date are significant impediments to US, China and

05/23/2019

The global recovery narrative crumbles Posted on May 24th, 2019 The US equity market was running with an optimistic assessment that there is a Trump and Fed put, that a trade deal and Chinese policy stimulus would generate a recovery in the global economy and the US economy was largely immune to a s

05/17/2019

https://ampgfxcapital.com/real_time/global-risks-escalate/ The trade dispute has escalated in the last two weeks and looks set to be a war of attrition.

05/13/2019

Trump presses his advantage against China; CNY drags down Asian currencies Posted on May 14th, 2019 CNY falls sharply illustrating that China bears most of the fallout from the trade war. The US economy also suffers, mostly from the risk that China boycotts US brands, but Trump may have a significan

05/09/2019

Australian labour and wages indicators point lower ahead of key data next week Posted on May 10th, 2019 The RBA essentially made a case to cut rates on Tuesday this week. However, it held back, perhaps influenced by the timing of the election (18 May), to give the labour market data a chance to show

05/07/2019

A tortured RBA Statement – they make the case to ease policy, but held steady for no apparent reason This is one of the more tortured RBA policy statements for some time. They have basically made a case to cut rates, suggested that their forecasts imply that they need to, but then have held off, h