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At this moment, in Toronto, Canada, at the headquarters of a hedge fund, SprottAssetManagemen (Sprott Asset Management), the company's president Sprott looked at the USD/CAD chart, and immediately said: "Stop opening positions first!", they are big shorts in USD/CAD, and now he feels that a new big fund in the USD/CAD market is playing against them!

It made Sprott feel a little uneasy!

Their company's assets are now $33.5 billion!

At the moment they have a large number of short positions in USD/CAD!

Now that USD/CAD has risen, it has made it a bit difficult for him!

Earlier they also shorted a lot of short positions on USD/CAD, but USD/CAD was pulled back to 1.0900 by the bulls in the market!

"Is there a big amount of money coming in to buy the USD/CAD bottom?"

"Hiss, are they so unoptimistic about the Bank of Canada's interest rate meeting?"

"Do they think USD/CAD is going to skyrocket??"

Thinking of this, Sprott couldn't help but shed a cold sweat!

All the traders said in unison, "Yes, President!"

··

At this time, the assistant tentatively asked: "President, do we lock up some positions before the Bank of Canada's interest rate meeting?"

Now they still hold 4 million short positions in USD/CAD in their accounts, with an average opening position at 1.1000, and a fluctuation of one point is a profit and loss of $40 million, and a floating profit of 100 points at the moment, a total floating profit of $4 billion!

If the Bank of Canada's interest rate meeting is positive for USD/CAD, they will be bad!

If you don't know how to make all the profits on your account, you'll lose all your profits!

Locking in a portion of your position is a very wise choice!

If he could, he would like to lock up a quarter of his position, i.e. before the Bank of Canada interest rate meeting, they will be long 1 million lots of USD/CAD in the market!

At that time, the net short in their account will be 3 million lots!

If the Bank of Canada's interest rate meeting is bullish on USD/CAD and causes USD/CAD to skyrocket, then the profit loss in their account will be reduced.

After all, if they don't lock their positions, they hold a short position of 4 million lots of USD/CAD, and then USD/CAD skyrockets by 100 points due to the Bank of Canada's interest rate meeting, then they will lose $4 billion in profits!

And if they lock up 1 million lots, they only hold a net short of 3 million lots, and if USD/CAD skyrockets by 100 pips, they will only lose $3 billion in profit in their account!

Now there are 3 and a half hours before the Bank of Canada interest rate meeting, and it is still too late to lock up 1 million lots!

Thinking of this, the assistant continued: "President, are we going to lock up a quarter of the position?

"If the Bank of Canada's interest rate meeting is bullish USD/CAD, we will lose less profit in our account!"

After hearing the words of his assistant, Sprott fell into deep thought!

He disagrees with his assistant about the Bank of Canada's interest rate meeting, and he thinks that this Bank of Canada interest rate meeting is likely to be bearish for USD/CAD!

If they hedge their positions and USD/CAD plummets, they will also lose a lot of profits, and the most important thing is that it is also troublesome to lock, and it is even more troublesome to untie their positions!

They hold a short position of 4 million lots of USD/CAD, which doesn't really make much sense if they lock up their positions.

At this time, Sprott said: "There is little point in locking up now!"

"And we still have $4 billion floating profit in our account, so we don't need to worry about USD/CAD liquidation!"

"If USD/CAD skyrockets, we can also suppress it!"

At this time, after listening to this, the assistant said: "President, I'm too worried, too worried!"

"I'm really worried about the Bank of Canada's interest rate meeting bullish USD/CAD!"

At this time, Sprott pondered for a while, and said in a deep voice: "After the Bank of Canada interest rate meeting comes out, we will make a decision!"

If the Bank of Canada's interest rate meeting is bearish for USD/CAD, then it is also an opportunity for them to close their positions or continue to sell!

He is not worried about the Bank of Canada's interest rate meeting bullish USD/CAD, after all, in his opinion, the daily chart of USD/CAD is now in a downward cycle, can a central bank interest rate meeting change the downward trend?

The assistant hurriedly said, "Yes, president!"

···

Bank of Montreal, in the chairman's office, Mepida looked at the USD/CAD chart with an angry expression, he never imagined that the profit in their account had decreased by $700 million!

It's not a taste in his heart!

Now they hold a short position of 1 million lots of USD/CAD, with an average position around the 1.1000 position, a profit and loss of $100 million for a fluctuation of one point, and a profit of 100 points for a total floating profit of $1 billion!

Mai Bida sighed and said, "Let's wait for the Bank of Canada's interest rate meeting to come out, when the USD/CAD plummets!"

"Hey, hey!"

That's when Spartley, the head of the trading department, sent him a message.

"Mr. Chairman, there are still 3 and a half hours before the Bank of Canada interest rate meeting, in order to avoid the risk of a sharp rise and fall, I suggest starting to lock up now, so as not to benefit the Bank of Canada interest rate meeting for USD/CAD, causing USD/CAD to skyrocket, and making the profits in our account lose a lot!"

Mai Pida looked at the message sent by Sparti, the head of the trading department, and suddenly fell into deep thought!

He likes to intervene in the operation of the trading department, which can make it difficult for him, and after thinking about it, he still decided not to lock the position!

After all, USD/CAD has risen from last night's lowest point of 1.0830 to 1.0900 today, reducing the profit in their account by $700 million, which made him very unwilling, and immediately replied to Spatri, saying: "Keep holding, don't lock your position!"

··

At this moment, Toei, Tokyo, Toei Government Pension Investment Fund, Yamamoto looked excitedly at the rise of USD/CAD to 1.0900!

Not long ago, he bottomed out against USD/CAD in advance, but USD/CAD still fell all the way, so he had to increase his position all the way!

Fortunately, last night USD/CAD fell to the 1.0830 level and could not fall, and today it has rebounded by 70 points and has risen to the 1.0900 level, which is exactly his average position!

At present, he holds a long position of 1 million contracts of USD/CAD in his account, and the average position is at 1.0900, and a fluctuation of one point is a profit and loss of $100 million.

"Am I starting to close my position slowly?"

"Or hold on and wait for the Bank of Canada's interest rate meeting?"

Yamamoto suddenly fell into deep thought!

：。 ：

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