1338 Bank of Canada interest rate meeting, down 70 points in seconds!
At this moment, at the headquarters of Soros Quantum Fund, in Soros's office, Soros looked at the USD/CAD chart with a calm expression, just now he shorted 300,000 and 200,000 lots one after another!
Smash twice in a row!
A total of 500,000 short positions on USD/CAD were opened, with an average opening position at 1.0870, temporarily floating a profit of $100 million!
"It's the Bank of Canada interest rate meeting soon!"
"It's been a long time since I've had a short-term operation!"
"This time, it's just a short-term operation!"
He is still more inclined to the collapse of USD/CAD!
And 500,000 hands of short positions are not much, if the USD/CAD does not plummet tonight, it will not skyrocket, and the risk of him is very small!
And there are not many short positions of 500,000 hands, so you can run out at any time!
Ted, who was in charge of spot gold trading before, reported to him the situation of spot gold, and now spot gold has fallen below the technical key support level of 1300.0, and they have made huge profits!
He was very happy with this!
If you lose a little money in this short-term operation of USD/CAD, it is nothing.
··
At this moment, in Temasek Building, in the chairman's office, Chen Hui frowned, staring seriously at the 5-minute chart of USD/CAD!
Unexpectedly, the 500,000 pending orders he placed at the 1.0840 position were still not filled!
He immediately removed these pending orders!
There are still 5 minutes left until the announcement of the Canadian interest rate meeting.
"When the Bank of Canada interest rate meeting comes out, I'm buying!"
So he prepared a long order of 500,000 lots of USD/CAD, which can be forcibly pulled with just one click!
···
Time passes by second!
USD/CAD is starting to rise!
It rose by 20 points in just over 4 minutes!
From 1.0850 to 1.0870!
A little later, the Bank of Canada interest rate meeting came out!
All the long and short sides in the market are staring at this scene!
The Bank of Canada's interest rate decision
Previous 1%
Expected 1%
1% of the declared value
The Bank of Canada communicates with investors by setting a benchmark interest rate and publishing an updated commentary on the economy. At present, Canada's benchmark interest rate is the overnight lending rate, which is set to guide the flow of funds and then affect the economy.
Short-term interest rates are the most important parameter for currency valuation. If there is a rate hike, or if the economic assessment is optimistic and hints at a rate hike, it is positive for the Canadian dollar.
Conversely, if interest rates are cut, or if the economic assessment is pessimistic and hints at a rate cut, it is bearish for the Canadian dollar.
Interest rates remain the same, no rate hikes and no rate cuts!
But USD/CAD suddenly moved!!
70 points in seconds!!
USD/CAD fell from 1.0870 to 1.0800!
And then the madness began to shake!
It's like a bolt of lightning in the one-minute chart!
This lightning bolt strikes the bulls in the market!
It seems to have been slashed directly on their heads!
··
In the Temasek Building, Helen, as an ultra-short-termer, watched this scene with a shocked face!
Just now, she lost $1.4 million in seconds!
All the profits in the account were instantly turned to ashes!
She bought a long position of 2,000 lots of USD/CAD at 1.0840, and now she has a loss of $800,000 in her account!
She glanced at Chen Hui with a flushed face, and saw that his face was extremely calm!
She immediately made a decision to stop her loss if USD/CAD fell by another 20 pips!
She wants to carry another 20 points!
"Huhu, just carry another 20 points!"
···
And at this time, the bears in the market cheered in unison!!!!
··
At this moment, Toying, Tokyo, Toei Government Pension Investment Fund, the mountain itself leaned on the boss's chair, elegantly holding a teacup, slowly tasting Gyokuro tea, with a thick smile on his face!
Overjoyed to see USD/CAD drop 70 pips in seconds!
From the 1.0870 level to the 1.0800 level in seconds!
The corners of his mouth couldn't help but let out a few soft sounds.
"Yo-shei, Yo-shei!"
"Yo Xi!"
Now he has a short position of 1 million contracts of USD/CAD, with an average opening position at 1.0880, a floating profit of 80 pips, and a total floating profit of $800 million!
··
At this moment, Canada, Toronto, at the headquarters of Sprott Asset Management, Sprott is ecstatic to look at the 1-minute chart of USD/CAD!
This is a super long black candle!
"Haha, these stupid bulls are dead tonight!"
"Let's blow up!!"
"A 70-point drop in USD/CAD is just the beginning!"
"Haha!!"
USD/CAD fell 70 points in seconds after the Bank of Canada's interest rate meeting, from 1.0870 to 1.0800!
"As long as USD/CAD falls below the key support level of 1.0800, there will definitely be many bulls who will stop losses, cut positions, and liquidate their positions!"
"At that time, the USD/CAD will definitely accelerate further!"
"Haha, plummeting hundreds of points is definitely not a problem!"
Sprott watched with a sinister smile as the USD/CAD pair continued to hit the key support level of 1.0800!
At present, they hold a total of 5 million short positions in USD/CAD, with an average opening position at 1.0975, a fluctuation of one point is a profit and loss of $50 million, and a total of 175 points of floating profit, for a total floating profit of $8.75 billion
The assistant on the side asked excitedly: "President, our account floating profit is about to reach 10 billion US dollars, hehe, I don't know how many bulls will blow up their positions tonight!"
"I think we're going to make a profit of more than $15 billion tonight!"
"Now the USD/CAD is down 70 points in seconds, and this is just the beginning of the USD/CAD crash!"
Sprot laughed and said happily in his heart: "Today is the day of the bulls!!"
This time, he is absolutely confident that his fund asset size will break through the $50 billion mark!
··
Bank of Montreal, in the trading room, Micro was pleasantly surprised to see the USD/CAD fall by 70 points in seconds!
Just after the Bank of Canada interest rate meeting came out, USD/CAD fell from 1.0870 to 1.0800 in an instant, which was really refreshing!
"These stupid bulls in the market are going to cry to death tonight!"
"Haha, these idiots have been working against us before, crazy to pull up USD/CAD!"
"I've been beaten back to square one by us bears many times, but they're still as stupid as ever!"
"It's time for them to pay for their stupidity!"
"Haha!"
They hold a total of 2 million short orders, with an average position at 1.0940, and a fluctuation of one point is a profit and loss of $20 million, and a total of 140 points of floating profit, with a total floating profit of $2.8 billion!
"Spatri, tonight's feast has begun!"
Sparti said excitedly: "Chairman, yes! The feast has begun!"
"As soon as USD/CAD breaks below the key support level of 1.0800, then the USD/CAD bulls will collapse across the board!"
McBida said proudly: "Spartery, you are right! Haha! There will be a massacre of many heads tonight!"
"It's a small problem that we're making billions of dollars tonight!"
Sparti smiled: "Chairman, there are already $2.8 billion in surplus!"
"Maybe there's a $5 billion floating profit tonight!"
When Maibida heard this, he was even more excited and excited!
Immediately said: "The floating profit does not exceed 5 billion US dollars, we do not consider closing the position!"
This time they won a big victory!
Sparti smiled, "Okay, Chairman!"