Chen Hui watched the USD/CAD rise to 1.1285, and immediately unceremoniously continued to close the long order of $500,000/CAD, directly suppressing the USD/CAD rally, and turned around and went straight down 45 points before stopping. The whole process takes no more than 5 minutes!

At this time, USD/CAD seems to have completely lost its temper, and the momentum of the return of the king just now is gone, and it begins to oscillate at the level of 1.1240.

Chen Hui shook his head and sighed: "It seems that the bulls who pulled up the USD/CAD just now gave up the attack, alas! Just now I was continuously suppressed and smashed the market, and they have already coaxed it,"

"Alas, if you don't coax, if you do, the USD/CAD will not rise, how can I close the position better!"

Chen Hui has now closed his long position of 2.5 million contracts of USD/CAD, and there are still 2.5 million contracts of USD/CAD long orders left to close!

After half an hour, the USD/CAD still did not improve, and Chen Hui continued to wait, as long as the USD/CAD rose, Chen Hui would close the position!!

At this moment, Rookfield Asset Management Company, the chairman's office, Dai Yan's back was sweating, and their 6 million long positions were finally forcibly closed!

At the beginning of the Bank of Canada's interest rate meeting yesterday, the sharp rise in USD/CAD directly led to their liquidation, and the long position of $6 million/CAD in their account has been forcibly liquidated by the world's major banks, and it was finally closed just now!

Their long positions of 6 million contracts on USD/CAD were opened at 1.0800 on average and closed at 1.1200, resulting in a total loss of 400 pips or $24 billion. Their current account equity is negative $4 billion, meaning that Ruckerfield Asset Management needs to cover the bank's $4 billion loss.

Dai Yan took a few breaths and said secretly: "Fortunately, within my control, last year's profit of 20 billion US dollars can just be offset!"

"It's been a bad start to the year!"

"The $4 billion loss, hide it as much as possible, if it doesn't work, put the blame on Danny!"

Now I'm going to get busy with the Husky Oil Company acquisition!

Dai Yan pondered for a while, then made a phone call.

Chicago, USA, Vallasne Asset Management, lead trader, David looked at the USD/CAD chart with a slightly excited expression, and said in a deep voice: "Continue to close the position!!"

They have been unwinding since the Bank of Canada interest rate meeting, but USD/CAD has been exploding, they have suffered huge losses, and now they have a huge loss of 11-digit dollars in their accounts!

David didn't want to delay for a moment, close the position early, now the USD/CAD is still in the position, and close the remaining short positions of USD/CAD as soon as possible!

New York City, Angelo Gordon & Co., Head of Foreign Exchange Trading, Executive Director, Buckett sighed deeply and said: "Close the position!, close the position quickly, take advantage of the fact that the USD/CAD has fallen so many points at this moment!

They also have huge losses of billions of dollars in their accounts, and the USD/CAD has been skyrocketing before, and they don't dare to close their positions!

······

At this moment, Germany, Hamburg, L'Aquila Capital, the chief trader of Kirstian, shouted: "Stop all the short positions of USD/CAD!"

They have a lot of short positions in EUR/CAD and are now losing a lot of money on EUR/CAD. At the same time, they also hold a small short position in USD/CAD, and the chief trader Kestien naturally wants to close all the short positions in the USD/CAD account while the USD/CAD is falling sharply, so as to reduce losses as much as possible.

And just like that, USD/CAD has risen sharply again!

It rose from 1.1240 to 1.1250 in 5 minutes, and USD/CAD to 1.1260 in another 5 minutes.

Chen Hui looked at the trend chart of USD/CAD at this time, and said secretly: "Don't wait, close the position directly!"

Immediately, Chen Hui closed the position again, directly closed the long order of 500,000 lots of USD/CAD, and once again suppressed the USD/CAD down by 30 points, falling from the 1.1260 position to the 1.1230 position before being supported.

After a while, the USD/CAD rose again, but this time it only rose to the 1.1240 position, Chen Hui shot again, closed the 500,000 USD/CAD long order, directly let the USD/CAD, turn around, fell 50 points in 5 minutes, fell from the 1.1240 position to the 1.1190 position before completely stopped, although it rebounded up to 10 points in 2 minutes, in the end to the 1.1200 position, and stood firm.

Chen Hui is not closing the position, at present, the USD/CAD has been empty, and it can no longer be smashed, if it is smashed, the USD/CAD will definitely plummet more.

That's when the U.S. economic data came out again.

U.S. preliminary Markit manufacturing PMI for January

Previous value 51

Predicted value 51

Published value 54

Market research firm Markit surveyed about 600 managers, including respondents' assessments of employment, output, new orders, prices, inventories and more. It is a leading indicator of economic conditions, as companies are able to react quickly to market conditions. By observing the changes in such data, foreign exchange investors can make judgments about the outlook for the U.S. economy, which in turn affects the trend of the foreign exchange market.

This data is very positive for the US dollar.

Immediately the bulls in the market went on the offensive, and USD/CAD began to rise sharply, breaking through one previous high after another.

Chen Hui watched the USD/CAD rise with satisfaction, and he knew that his opportunity to close the position had come again!

Secretly rejoiced: "These bulls in the market closed their positions and smashed them before, smashed them, and didn't dare to buy, but now it's good, they are all dispatched!"

After half an hour, USD/CAD rose from 1.1200 to 1.1250, totaling 50 points.

Chen Hui immediately closed 500,000 hands and directly smashed the USD/CAD down, and the USD/CAD fell from 1.1250 to 1.1200 in an instant, and fell by 50 points in 1 minute!

Now Chen Hui has closed his long position of 4 million contracts of USD/CAD, and currently holds the last 1 million lots of long positions of USD/CAD in his account!

····

Every time Chen Hui closes 500,000 lots, it causes the USD/CAD to fall sharply, and now the USD/CAD has fallen sharply many times, especially when the economic data is so good this time, it has fallen by 50 points in a blink of an eye!

Cause a high degree of tension in the market, high attention!

In the trading room of the Australian Future Fund, UBS, Blue Crown Asset Management, Transcend Hedge Fund, Ocean Capital Management, Howard Asset Management, Sloan Robinson Asset Management, Lloyds Banking Group, and Maxim Capital Management, all the traders watched in amazement!