605. The bulls in the market exert their strength!
At this time, Switzerland, UBS Zurich headquarters, they have already stopped the short position of CHF/CAD, and now they are long!
While adding to the long position of CHF/CAD, he also added a lot of positions in USD/CAD!
"Take advantage of the low position, let's increase the position! Don't let those bears succeed, there are fools who are closing their positions now!"
"Okay, add to the position!"
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Pratt, the founder of Blue Crown Asset Management, Geneva, Switzerland, said to the traders: "Keep adding to your position and buy USD/CAD!
They have a lot of long positions in EUR/CAD, as well as a lot of long positions in USD/CAD, because the Canadian dollar will weaken more and more after everyone knows about the Bank of Canada's interest rate meeting!
"Yes, President!" the traders suddenly refreshed.
Transcend hedge fund in the Netherlands, Rotterdam, in the trading room, watched the USD/CAD plummet, but the EUR/CAD was still strong, and one of the leading traders said: "Good opportunity, buy some long positions on USD/CAD when USD/CAD is low!"
Now that they have a lot of long positions in EUR/CAD, they naturally won't watch USD/CAD, the straight Canadian dollar variety, plummet.
'Yes!'" The traders were also scrambling to buy USD/CAD!
In the UK, London, foreign capital management company, all the traders in the trading room looked very surprised, they now hold a lot of long positions in GBP/CAD, and also hold a lot of long positions in USD/CAD, at this moment the sharp fall of USD/CAD suddenly made them nervous.
"Will it continue to plummet like the previous GBP/CAD?
"Don't talk nonsense, don't panic, take advantage of the low USD/CAD and continue to add up your position to buy some USD/CAD!"
At the moment, Howard Asset Management is also holding a lot of long positions in GBP/CAD, but also a lot of long positions in USD/CAD!
The lead trader said: "Add up your position and buy some USD/CAD, don't let USD/CAD fall sharply, which will cause GBP/CAD to fall sharply!"
USD/CAD is the quality of the Canadian dollar, GBP/CAD is just a cross, and if the USD/CAD plummets in the straight market, it may easily cause the GBP/CAD to fall a lot! They hold a lot of long positions in GBP/CAD, so they naturally don't want to see this scene.
"Yes!" the traders said in unison
At this moment, one of the leading traders at Sloan Robinson Asset Management also shouted: "Guys, continue to add some long positions to USD/CAD, don't let USD/CAD plummet, otherwise it will not be good to trigger a collapse in GBP/CAD!"
The previous speech of the chief 'Karen' made the GBP/CAD plummet by so many points, and now it has finally risen some back, don't let the GBP/CAD fall again, our account can't afford to hurt!"
"Yes, head!" the traders clenched their fists and began to increase their positions!
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At this moment, a leading trader in the trading department of Lloyds Bank Group said: "Don't look at it, hurry up and buy USD/CAD, otherwise it is not good for USD/CAD to plummet again and make GBP/CAD fall again! We have previously caused GBP/CAD to plummet because of Prime Minister Karen's speech, and we have been hedged a lot of positions, so this straight variety of USD/CAD cannot fall again!"
"Yes!" the traders immediately began to buy USD/CAD
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Robert and Phil, the founder of Maxim Capital Management, Boston, USA, looked at each other and said, "Take advantage of the low level, buy USD/CAD, any Canadian dollar currency falls, we will buy!"
Greenwich City, Tudor Investment Company, trading wizard, Paul Tudor Jones, pondered for a while, and said to the traders: "We have also closed the position, don't be nostalgic!", looking at the faces of the traders full of puzzlement, Jones said again: "Don't be greedy, now that someone in the market has begun to choose large-scale liquidation, we can't leave him behind!"
Saying that, he said sharply: "Listen to my order, close the position!!"
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In this way, when USD/CAD fell to the 1.1240 level, it triggered a strong counterattack by the USD/CAD bulls in the market!, and the USD/CAD pair began to rise sharply, from the 1.1240 level to the 1.1260 level in 2 minutes.
It then took 5 minutes from 1.1260 to 1.1280, and then after 5 minutes of oscillation, it rose again from 1.1280 to 1.1288. Seeing that it was about to return to the previous highest point of 1.1290, at this time USD/CAD suddenly fell back to 1.1280, but it was quickly supported, and after a while, USD/CAD directly broke through the 1.1290 position, and then at this moment, it suddenly rose by 10 points in an instant, and the 1.1290 position jumped to the 1.1300 position.
The whole process took less than 20 minutes and rose by 60 points.
Chen Hui was also a little stunned, he didn't expect the USD/CAD to be so violent, he started to close the position from the 1.1290 position, and smashed the USD/CAD to the 1.1240 position, but he didn't expect the USD/CAD to rise to the 1.1300 position in a blink of an eye.
On the contrary, it is 10 points higher than the previous maximum of 1.1290.
He waited for the USD/CAD pair to continue to rise, and after another 20 minutes, the USD/CAD pair rose to the 1.1320 level.
Chen Hui made a decisive attack, directly closed the 500,000 long orders, instantly swept away all the long orders, and directly smashed the USD/CAD down 20 points, and after a while, it fell directly below the 1.1300 position, and fell to the 1.1280 position before it was completely stopped!
At this time, USD/CAD began to fluctuate wildly at the 1.1280 position, 10 minutes later, USD/CAD rushed to the 1.1290 position, Chen Hui did not make a move, and after another 5 minutes, USD/CAD was pulled to the 1.1300 position again, Chen Hui once again closed 500,000 hands of USD/CAD long order, directly let USD/CAD turn around again, from 1.1300 to 1.1255 before stopping, a total of 45 points!
This time the USD/CAD pair began to weaken, failed to rise for a while, and has been oscillating around 1.1255.
After half an hour, USD/CAD began to grow, rising by 30 points in 10 minutes, from 1.1255 to 1.1285, and in the 5-minute chart, two long white candlesticks appeared.
It seems to be the momentum of the return of the king!
The bulls in the market are not willing to give up on pulling up!