The market is intertwined with the greed of USD/CAD bulls, spreading the panic of USD/CAD bears, and every beating of USD/CAD tugs their hearts hanging.

The floating profit and loss in the account are changing rapidly, the account has a lot of funds and a large position, and the end of the row of numbers in their account is more than 8 numbers changing rapidly.

Everyone is anxious, looking forward to it, looking forward to it, nervous...

Finally, at 11 o'clock in the evening, when the market was expecting, Canada's economic data was released.

Canada wholesale sales in November MoM

Previous 0.2%

0.3% forecast

Published value0.7%

Measuring the price change in wholesale sales, a higher than expected indicator should be considered a strong/bullish CAD, while a lower than expected indicator should be considered a weak/bearish CAD. Just as important as wholesale sales is wholesale inventory, which is a signal of future business spending. High wholesale inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and reluctance to buy goods. Conversely, declining wholesale inventories indicate that retailers are buying more goods to meet strong or increasing demand. Because wholesale inventories reflect retailers' demand for manufacturers' goods, the report provides an early indication of a potential consumer's spending power.

This economic data is very good, bullish for the Canadian dollar and bearish for USD/CAD.

Immediately, the USD/CAD began to fall sharply, falling 40 points in 5 minutes, from 1.1010 to 1.0970, and the 5-minute K-line chart is directly a long long black candle! In the 5-minute chart, this long long black candle directly fell through the support position composed of 5 moving averages, like a long sharp knife, directly piercing through 5 layers of thick canvas.

Chen Hui did not think so, and did not worry at all about such good economic data! Although the USD/CAD fell by 40 points in 5 minutes, making his long position of 4 million lots of USD/CAD instantly give back $1.6 billion, the original 4 million lots of USD/CAD long orders floated with a profit of $6 billion, and now only floats $4.4 billion, but his face is calm and very calm.

He muttered to himself: "Fall, fall, I just continue to increase my position to long USD/CAD!", this Canadian economic data is so good, many short-term USD/CAD bulls have closed their positions, plus some short-term bears to cap, making USD/CAD temporarily weaker. The weakening of USD/CAD means that it is possible to increase its position to long USD/CAD again. Although USD/CAD fell to 1.0970, Chen Hui was not in a hurry to increase his position in USD/CAD, he continued to wait patiently, completely ignoring the changes in the numbers in the account. This time, not only the USD/CAD fell sharply, but also the GBP/CAD, EUR/CAD, AUD/CAD, CHF/CAD all fell to varying degrees. Let the profits in Chen Hui's account take back a lot!

At this moment, Trier Bank, in the trading room, Chairman Mai Bida, looked at the trend of USD/CAD with an annoyed expression, just now in just over 5 minutes, USD/CAD actually fell by 40 points, and their 1 million long orders of USD/CAD directly gave up 400 million US dollars!

Now Micro regrets very much, why didn't he listen to that trader just now, and started to close the position when USD/CAD was at 1.1010!

Now it's good that so much profit has been lost in vain.

The sharp drop in USD/CAD frightened Mepida, and he immediately said: "Hurry up and close the position, in case it falls, it's not good!

At this time, a trader said: "Chairman, if you close the position now, the USD/CAD may fall even more sharply! Are you sure you want to close it now?"

Nowadays, the short-term bears in the market are very strong, and there are very few long orders in the market, and if they close the long positions of 1 million lots of USD/CAD, it will cause the USD/CAD to fall further and lose more profits in vain.

At this time, another trader said: "Chairman, we can wait a little while to close the position, there are very few long orders in the market today, many bulls are waiting for the USD/CAD to continue to fall to a low level, and then buy the bottom, they will eat at a lower position, we can wait for a while!"

USD/CAD is only a temporary decline after the data is released, and it will still rise in the future. Their chairman was so excited. I don't know anything about forex trading at all, I just see profits.

Another trader disagreed, saying, "Chairman, it's okay to close the positions now!

He thinks that the trend of USD/CAD is indeed a bit suspenseful at the moment, and he is worried about what if there are not many longs to buy the bottom? After all, tomorrow is the Bank of Canada's interest rate meeting.

Another trader pointed to the USD/CAD chart, and said nervously to Mebida: "It is also a good choice to close the position now, and it will not be good to wait for the USD/CAD to continue to fall sharply! In that case, we will lose more profits in vain, and then what if tomorrow's Bank of Canada interest rate meeting is bearish for USD/CAD?

He was also quite worried, and his heart began to panic, it is very important to make a decision now, because once he hesitates and does not close the position, in case the result of tomorrow's Bank of Canada interest rate meeting is bearish for USD/CAD, then their account may not make any money!

At this time, a previous trader once again raised a different opinion, saying: "Chairman, before the Bank of Canada interest rate meeting, the USD/CAD will definitely still experience a round of big ups and downs, and we don't need to rush to close the position now, we still have a chance tomorrow, and if we close the position now, we will lose a lot of profits in vain!"

"And there are still a lot of bulls in the market waiting to buy the bottom, let's continue to wait!"

Although the Canadian economic data is bearish for USD/CAD, it is only data after all, and it is a temporary decline for a while, as long as the bulls in the market begin to exert force, then USD/CAD will rise again.

"Chairman, how do you decide? Should we close the position or continue to hold it?"

"Chairman??"

······

Mai Bida listened to everyone's opinions, hesitated, thought about it, if he closed the position now, he was not willing to do so, he immediately took a deep breath, and slowly said: "Continue to hold!"