526. BAM vs. BMO

At the moment, Chen Hui is longing USD/CAD, AUD/CAD, CHF/CAD, EUR/CAD, GBP/CAD on a large scale.

Canada's largest hedge fund, Brookfield Asset Management Inc, has a foreign exchange trading department, and several traders in charge of foreign exchange trading are staring intently at the USD/CAD chart. Crazy short USD/CAD, every time USD/CAD rises, they are severely suppressed.

Now there is a fierce game with the USD/CAD bulls in the market.

Brookfield Asset Management is headquartered in Canada. is a global asset manager primarily involved in property, power and other infrastructure, private equity funds, and Brookfield Asset Management currently manages approximately $100 billion in assets.

"Hey, Danny! there's a lot of new USD/CAD bulls out there!'re not in a good situation!" one of the traders said to their team leader, Danny.

Now USD/CAD is at 1.0859, which has been rising for 4 days in a row, and their average position is at 1.0630. At present, it has lost 229 points.

Previously, USD/CAD has been hovering at a low level, volatile for more than a month, they are USD/CAD bears, that is, CAD dead longs, but I didn't expect that just last week, USD/CAD was like a stimulant, and began to break through last month's highest level of 1.0710.

"Danny, now that there are more and more bulls entering the market, what should we do today?" asked another trader nervously, USD/CAD has been in turmoil for the past two days, and they are also increasing their positions to short USD/CAD, but now the bulls are exerting their strength again, making them a little overwhelmed.

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Many other traders also expressed their opinions, Danny is standing in the middle of the trading hall at the moment, holding a cup of coffee in his hand, looking at the USD/CAD chart with a solemn expression, he is only 33 years old this year, he comes from an ordinary working family, he has been a bad boy since he was a child, he likes to take risks and gamble.

Later, he graduated from St. Mary's University in Canada, and after graduation, he worked in a number of Canadian banks, this year is his eighth year of engaging in financial trading, he has had several large losses in the stock index, and his personal account has also been liquidated. He was once chased and beaten by customers who demanded compensation for his losses, for which he almost went to jail. Although he encountered many twists and turns in the early part of his career, he rose rapidly, and now joined Brookfield Asset Management, it has been 3 years, his performance is very good, and he became the head of the foreign exchange trading department of Brookfield Asset Management last year, controlling $20 billion of funds for foreign exchange trading.

"Continue to short USD/CAD" Danny took another sip of coffee and said in a deep voice: "Short some crosses at the same time, and suppress AUD/CAD, CHF/CAD, EUR/CAD, GBP/CAD!"

He looks very confident, the past few years have been smooth, he firmly believes that there is nothing wrong in his judgment, and now the international crude oil is still at a high level of 100 US dollars / barrel, many Canadian crude oil producers have made a profit, or continue to look at the Canadian dollar, bearish US dollar/Canadian dollar!

Naturally, I will not choose to do hedging transactions in the crude oil market, and go long USD/CAD!

The Canadian dollar is closely related to the price of international crude oil, the higher the price of crude oil, the Canadian dollar will also strengthen, and now the international crude oil is still at a high level, and Danny is not worried about the rise of the US dollar/Canadian dollar at all. And the USD/index has not been very strong in recent times, some time ago there was a big plunge in USD/JPY, and on Black Friday, the dollar has been starting to weaken, very weak. Danny also regretted why the dollar was shorting USD/JPY at that time!

At that time, USD/JPY had fallen by more than 600 points, which was unimaginably large, and he regretted it in his heart. Why did you choose to fight a bunch of stupid USD/CAD bulls on USD/CAD! Now that you have become quite passive, the dollar index has risen again, and the USD/CAD bulls are also increasing! They are now temporarily trapped!

"Okay!" everyone nodded, seeing that the team leader had already spoken, and the stone in everyone's hearts had fallen. They're busy typing on the keyboard, and they're each responsible for shorting USD/CAD, AUD/CAD, or CHF/CAD, or EUR/CAD, or GBP/CAD.

They all work well together!

In less than half an hour, the USD/CAD pair was pushed back by them and fell to the level of 1.0840.

At this moment, in the trading room of the Bank of Montreal, several traders in charge of foreign exchange trading were discussing with each other, when a Chinese man shouted: "Guys, USD/CAD has fallen to 1.0840, our opportunity has come, everyone continue to increase their positions and long USD/CAD!!"

"Oh!!!

"Here's your chance!"

"Haha, Adam, this is such a good time!"

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The Bank of Montreal was founded in 1817, and in Canada, the Bank of Montreal is one of the largest owners of credit cards. In addition, banks have the largest number of traders in Canada. Now it has served 60% of Canadian traders, and the bank is in second place in terms of POS transaction volume. At the same time, the Banco de Montréal Financial Group is a highly diversified financial services institution. As of December 30, 2013, it had assets of $582 billion and employed approximately 45,500 people. Bank of Montreal offers a wide range of retail banking, wealth management and investment banking products and solutions. After ranking 50th in the world, Bank of Montreal ranks lower than Standard Chartered. Bank of Montreal (BMO) primarily serves Canadian customers. It is one of Canada's leading wealth management companies, and BMO Nesbitt manages personal and commercial banking businesses.

"This is really a rare opportunity! They are dead bears, they are definitely going to vomit blood this time! I am not optimistic about international crude oil, and it is about to fall sharply! I believe that international crude oil will soon fall to around $100 per barrel." The yellow-skinned Chinese man said to the traders around him: "The Canadian dollar will also be extremely weak at that time! What do you say?"