563. The loss is more than $5 billion
At this time, Chen Hui watched the USD/CAD fall to the 1.0870 position again, and immediately opened a long order of 100,000 USD/CAD, which instantly pulled the USD/CAD up by 10 points and reached the 1.0880 position, but failed to stand firm for long, fell again, fell to the 1.0875 position, and then shocked, Chen Hui was not in a hurry to make a move, and it was not too late to wait until the USD/CAD fell to the 1.0870 position!
After 10 minutes, USD/CAD fell to 1.0870 again, Chen Hui immediately bought 100,000 lots of USD/CAD long position again, this time Chen Hui's 100,000 USD/CAD long order almost swept away the shorts here! USD/CAD rose directly by more than 20 points before stopping, and then at 1.0890, it fluctuated.
Chen Hui's move immediately caused many bulls who were on the sidelines in the market to enter the market to chase up, and USD/CAD firmly gained a foothold!
These wait-and-see bulls already know that USD/CAD has strong support at 1.0870, and they are their backers, which stimulates the emotions of the market bulls!
As a result, USD/CAD has been oscillating in the 1.0890-1.0895 zone
At this time, Brookfield Asset Management, foreign exchange trading department, and all the traders were stunned to see that the USD/CAD was suddenly pulled up by 20 points again!
At this moment, the USD/CAD actually stood at the 1.0890 position!
At this moment, Danny's face was even more gloomy as water, his chest was rising and falling, and his eyes were full of unwilling anger!
He stood motionless, his hands in his pockets, but his arms trembled slightly!
He couldn't figure it out, he couldn't understand it! Why was USD/CAD so strong tonight! It actually stood at 1.0890! They couldn't suppress it at all! Every time USD/CAD fell to 1.0870, it was always pulled up quickly! Obviously, today's bulls are all strong!
Danny blinked his eyes twice, looked at the USD/CAD movement in shock, and muttered to himself, "This can't be! This can't be!
A trader broke out in a cold sweat on his back and said with a panicked face: "Danny's situation is not good! Now that USD/CAD has broken through the position where we frantically increased our position before, we have just spent so much money, and we still can't suppress USD/CAD back!!"
Previously, they suppressed USD/CAD for a while, and it was very good, and the bulls in the market were around 1.0880, and they were so suppressed that they had no power to resist! But tonight everything changed! USD/CAD was so ridiculously strong! It rose to 1.0890 and still gained a foothold!!
Another trader said in shock: "Danny, should we continue to short USD/CAD!!Now USD/CAD seems to be going to rise above 1.0900, and now the market is becoming more and more unfavorable to us!", now USD/CAD is so tenacious, they can't suppress it at all, now there are more and more bulls in the market, fewer and fewer shorts, their situation is starting to become precarious, all previous efforts, it feels like all the previous efforts have been in vain. Instead, it consumes more and more of their funds!
Another trader looked panicked, and said with a white face: "Danny's current Canadian dollar cross, GBP/CAD, AUD/CAD, CHF/CAD, EUR/CAD are also starting to rise in unison! Do we want to stop loss! Once USD/CAD breaks through the 1.0900 level, the consequences are unimaginable!"
It's not just USD/CAD, GBP/CAD, AUD/CAD, CHF/CAD, EUR/CAD that are rising now
It also began to rise, and all Canadian dollar currency pairs are like this! Looking at these market conditions, it shows that the Canadian dollar is very weak now, and they now hold so many long positions in USD/CAD, and there are huge floating losses!
At this time, a very young trader was nervous, silent, and said: "Danny, we seem to have Canadian economic data coming out later, if it is bullish USD/CAD, we are really bad!", this trader's words suddenly made all the traders lose their minds! I don't know what to say! I actually say such unlucky words at this time, you are also optimistic, and you are so pessimistic!!
Immediately, everyone looked at the crow-beaked trader with unkind eyes, and they wanted to pick up a stool and smash it on his head.
The trader looked embarrassed and explained: "I don't mean that, I mean, maybe we can wait for the Canadian economic data to come out before making a decision! When the economic data is negative for USD/CAD, I think the bulls in the market will stop! We are looking for an opportunity to suppress USD/CAD!!"
Suddenly, after everyone heard this, their expressions changed, and it seemed that what the trader said was still very reasonable!
Danny also spoke at this time, and said in a deep voice: "We are waiting for Canada's economic data to come out before making a decision, maybe the data is very good, the Canadian dollar will be strong, bearish USD/CAD, then the USD/CAD will start to fall, many bulls in the market are not dead bulls, but some guys who like to follow the trend and chase up, when the Canadian economic data is negative USD/CAD, these bulls chasing the bulls will scatter in a hurry, and the dead bulls will also give up the attack!!"
Danny's words immediately gave a little comfort to many traders, but the real huge losses in the account are tormenting their hearts all the time, and every glance will make their hairs chill and fearful!
Now they have held a long position of 5.5 million contracts of USD/CAD, with a loss of more than $5 billion, and the loss of funds is more than 25% of the total funds in the account.
Seeing that everyone looked worried and panicked, Danny said again: "I have already said hello to our CEO! He also has a share in shorting USD/CAD this time, and he coincided with me at the beginning! Everyone don't panic! I haven't seen any storms and waves! I haven't survived yet!"