The £762 system is profitable and begins to exit at a high level!
The two ended the battle, Zhou Tingting completely fainted, while Chen Hui was lying quietly on the bed, swiping the mobile phone screen, it was already more than 9 o'clock in the evening at the moment.
Chen Hui has looked at the trend chart of the world's major indexes and the trend chart of the world's major commodity futures, and today's major Asian indices have skyrocketed, with the Hang Seng Index soaring the most, up 400 points, closing at 23000, followed by the Nikkei 225 Index rose 360 points!
Most of the world's major commodity futures charts are rising, and the same is true for copper in New York.
Chen Hui's HSBC trading account is currently short copper, and he has lost a lot.
"Copper prices are rising, and Hu Jianghu is also better shorting and establishing more short positions at a high level!"
"That's a good thing!
At this time, Chen Hui looked at the trend charts of various foreign exchange varieties again, looking at the trend chart of GBP/USD at the moment, the corner of his mouth smiled slightly, "This time you can prepare to fully close the position!!"
So he got dressed, got up in bed, went to the living room, and made a phone call to Bittar, who is in charge of handling GBP/USD in Malaysia, and after answering.
Chen Hui immediately said: "Bittar, prepare to close the remaining long positions of the British pound currency against the currency!"
"Aim to finish it all in a few days!"
Earlier Bitar they closed all their long positions in GBP/EUR, GBP/CHF, GBP/JPY for a total of 3 million lots!
Among them, 1 million contracts of GBP/CHF long positions, with an average opening position at 1.4700, a fluctuation of one point is a profit or loss of $100 million, and an average closing position is at 1.4960, with a total profit of 260 points, totaling $2.6 billion.
1,000,000 lots of long positions on GBP/JPY, with an average opening position at 166.50, a fluctuation of one point is a profit or loss of $100 million, and an average closing position at 170.30, with a total profit of 380 points, totaling $3.8 billion
1 million lots of long positions on GBP/EUR, with an average opening position at 1.2040, a fluctuation of one point is a profit or loss of $100 million, and an average closing position at 1.2220, with a total profit of 180 points, totaling $1.8 billion.
These 3 million long positions made a total profit of $8.2 billion!
Today, Chen Hui's hedge fund account still holds 5 million long positions in GBP/USD, 1 million GBP/CAD long positions, and 1 million GBP/AUD long positions, for a total of 7 million long positions!
Now that he is ready to start closing his position, Chen Hui plans to close all the 7 million long positions in a short period of time.
Bitar said excitedly, "Yes, I'm going to prepare!", now the pound is rising against the currency very strongly, but he is getting more and more uneasy, because the extremes of things must be reversed!
After a while, Bitar shouted a few words to the many traders in the trading room, and then called a few assistants to listen to the instructions outside the office, and he rushed back to his office and connected the video with Chen Hui on the computer.
In the video, Bitar said respectfully: "Chairman, I have already given orders! I am ready to listen to your instructions!"
Chen Hui nodded, took a sip of tea slowly, and said with a satisfied smile: "Very good, when the U.S. economic data comes out, we will start to close the position!"
"Tell me about the cash in on the British pound!"
"GBP/USD, GBP/CAD, GBP/AUD!"
Bitar said excitedly: "Now the GBP/USD has risen by 40 points again today, and it has now broken through to the 16700 position!"
"As of today, GBP/USD has been rising for 6 days in a row!"
Today GBP/USD opened from the level of 1.6660 and has now risen to the level of 1.6700.
Now holding a long position of 5 million contracts of GBP/USD, the average position is opened at 1.6330, a fluctuation of one point, which is a profit and loss of $50 million, and now GBP/USD is at 1.6700, and is currently making a profit of 370 points! a total of $18.5 billion.
Chen Hui poked his chin with his hand, pondered for a while, and said: "GBP/USD is above 1.6700, we can increase the number of hands to close the position! If the GBP/USD falls below the 16700 position, then we will close the position to be full!"
Bittar said, "Yes, chairman!", so Bitar immediately called a few of his assistants and gave orders.
"Chairman, the pound/CAD has skyrocketed today, from today's low of 1.8230 to 1.8400, a total increase of 170 points!"
In the Asian session this morning, the pound/CAD fell sharply, from 1.8280 to 1.8230, just fell to the support level formed by the intersection of the 5 moving average and the 20 moving average.
Canada's manufacturing shipments in December MoM
Previous Value: 0.7%
0.6% expected
Published Value -0.9%
Manufacturing shipment, also known as manufacturing sales, is an economic indicator that reflects the monthly sales status of Canadian manufacturing enterprises, including five sub-indicators: shipments, new orders, orders for completion, inventory, and inventory loading ratio. It reflects the state of market demand. Rising volumes of goods, including unsold inventory, mean lower demand for the Canadian dollar, which is negative for the Canadian dollar, while lower volumes mean high demand or positive for the Canadian dollar.
This data is very bearish for the Canadian dollar and bullish for GBP/CAD.
At the moment GBP/CAD has risen to the 1.8400 level!
The 1 million GBP/CAD long position held at the moment, with an average opening position of 1.8080, a fluctuation of one point is a profit and loss of $100 million, and now a total of 320 points of profit, a total of $3.2 billion.
Chen Hui was a little excited, he didn't expect the pound/Canadian dollar to rise so much, and he had to close the position as soon as possible! So he immediately said: "Strive to close all the 1 million positions of the pound/Canadian dollar in the next two days, and try not to let them close too much at one time!"
"Let them take turns to watch the market 24 hours a day, and seize the best opportunity to close the position!"
Bitar immediately said: "Yes, Chairman!", so he called another assistant and instructed some things, after which he said: "Chairman, the pound/Australian dollar is currently up 100 points, and the daily chart is a bullish candle, which has risen sharply from 1.8540 to 1.8640"
At this moment, the 1 million long positions in GBP/AUD held in the hedge fund account have an average position opening position at 1.8300, and the fluctuation of one point is a profit and loss of $100 million, and the current GBP/AUD is at 1.8640, with a total profit of 340 points, a total of $3.4 billion.
"We currently have a total floating surplus of $25.1 billion in our accounts"
Chen Hui smiled: "Very good, now let's start closing the position!"
$25.1 billion plus the previous $8.2 billion in the bag, a total of $33.3 billion, this short-term long pound currency pair, the final liquidation, at least more than $30 billion!
With a capital of $50 billion, a profit of $30 billion, a profit of up to 60%, which is not a bad record.
That's when the U.S. economic data came out.
U.S. import price index for January
Previous 0.1%
0.1% expected
Published Value -0.1%
The import price index refers to the average price change of the goods imported by a country in a certain period of time. The import price index may have an impact on future inflation. If producers are unable to absorb the price increase in imported goods, it will eventually push up the ex-factory price of the product, which will be passed on to the final consumption area, driving up inflation. However, due to the long process from import prices to final consumer prices, the impact on the market is relatively small.
Although it is slightly bearish for the dollar, GBP/USD is in a strong state, and GBP/USD has risen uncontrollably.
Chen Hui immediately said to Bittar: "Let the account operated by each of them increase the number of hands to close positions, now many bulls will enter the market, and there are also many short stop-loss positions, and there are a large number of buying orders in the market!"
"Just hedge with the order we closed!"
So under Bittar's orders, the traders began to close the positions in their accounts in an orderly manner.
At the same time, far away in the United Kingdom, the Royal Bank of Scotland, the foreign exchange group of the trading department, also began to close positions at a stop loss!
"Gentlemen, don't close a lot of positions at once!"
"Just now, because there were too many flats, GBP/USD rose even more violently!"
"Be careful!"
Previously, when the US economic data came out, they closed some positions, but there were so few selling orders in the market that they could not hedge their closing orders, resulting in much more buying than selling in the market, and GBP/USD rose again.
At this moment, there are also many bears in the market who have stopped their losses, and GBP/USD seems to have been pushed further up, rising from the 1.6700 level to the 1.6740 level, a total of 40 points in half an hour!
At this time, Chen Hui said to Bittar: "Now that the GBP/USD pair has risen to the 1.6740 level, you can increase the number of closed positions!"
"Yes, Chairman!"
Nowadays, the trading volume of the market is getting bigger and bigger, and the GBP/USD pair is frantically oscillating up and down in the range of 30 points.
At this time, when the GBP/USD pair fluctuated and fell to the 1.6715 level, the US economic data came out again.
U.S. industrial production for January
Previous 0.2%
0.2% forecast
Published Value -0.3%
The industrial production index is an important economic indicator to measure the real output of manufacturing, mining and public utilities, and the job production index is the main indicator that reflects the changes in a country's economic cycle. As a leading indicator of the health of the economy, production reacts quickly to the ups and downs of the business cycle and is closely linked to many industries, such as consumer spending and employment. If industrial output rises, it is good for the dollar.
This economic data is very poor, bearish for the US dollar and bullish for GBP/USD.
The GBP/USD, which was originally violently volatile, rose again after the release of this economic data, and 20 minutes later, it rose 45 points and rushed to the 1.6760 level, and the trend of GBP/USD hit a new high again!
The bears in the market are also frightened, and there seem to be more and more shorts who cut meat, stop loss, and liquidate!
Like a frightened bird!
Chen Hui also urged: "Taking advantage of the increasing number of buying orders in the market, we will increase the number of closed positions!"
So Bitar called his assistant and told the traders outside to increase the number of lots to close again!
At this time, the rally of GBP/USD was quickly suppressed by Chen Hui's traders who increased the number of closed positions, and GBP/USD began to oscillate at high speed in the range of 20 points from 1.6740 to 1.6760.
After half an hour, GBP/USD fell all the way down to the level of 1.6705!
Bitar asked a little nervously at this time: "Chairman, should we reduce the number of lots to close some positions now?"
Unexpectedly, they increased the number of lots to close the position, causing the market to completely overtake the market's buying, allowing GBP/USD to turn around and fall all the way.
When they close their long positions, they are equivalent to shorting in the market, and how many long positions they close are how many more sell orders in the market!
The receiver also began to reduce the number of lots to close the position, and at this moment Bitar became more and more nervous in his heart, for fear that if they continued to close the position, the GBP/USD may have to plummet!
After all, it is easy to get in with a large amount of money, but it is not easy to close a position out.
Now they have just closed 700,000 lots, and they still have to close their positions carefully!
After Chen Hui heard Bittar's words, he pondered for a while and said, "Stop closing the position for the time being!"
"Waiting for the next US economic data"
"If the data is bad, we will continue to increase the size to close the position, and if the data is very good, we will also increase the position to close the position!"
"Don't worry about GBP/USD crashing!"
"Now many bears in many markets have not finished their stop losses!"
"Those guys who liquidated their positions, their orders haven't been liquidated yet!"
"If GBP/USD falls sharply, they will also take the opportunity to close their positions, and then they will pull up GBP/USD!"
Soon the preliminary US consumer sentiment index for February came out.
The previous value was 82.2
The forecast value is 83.2
Published value 80.2
The University of Michigan Consumer Sentiment Index is a regular survey and assessment of consumers' perceptions about their personal finances and the state of the country's economy, conducted by researchers at the University of Michigan in the United States. Financial market confidence is a leading indicator of consumer spending, accounting for the majority of economic activity. There is a stronger correlation between the University of Michigan Consumer Sentiment Index and consumer spending. If consumer confidence rises, the bond market sees it as bearish and prices fall, while the stock market usually sees it as positive. The U.S. dollar exchange rate usually looks to the Fed for hints, and if consumer confidence rises, it means consumption growth, the economy strengthens, and the Fed may raise interest rates, then the dollar will strengthen accordingly.
This data is very poor, again bearish for the dollar, bullish for GBP/USD, GBP/USD again rose sharply at 1.6705.
At this moment, the traders of the Royal Bank of Scotland in the United Kingdom, looking at the economic data that had just been released, immediately shouted: "Close the position!"
"Close the position!"
"Close the position!
"Damn, GBP/USD is going up again!"
"I thought GBP/USD had gone up!"
"Damn, it's going to go up now!"
At this time, Chen Hui also shouted at Bittar: "Increase the number of closed positions and hedge with the buying orders that are swarming in the market!"
"These two days are a good time to leave the market at a high level, you have to seize every opportunity to close the position!"
Bitar excitedly said, "Yes, Chairman!"