779 closed all British sterling positions, causing a sharp decline

After all this was done, Chen Hui opened the spot gold and spot silver charts and looked at them.

After 10 days of continuous gains, spot gold and spot silver finally ended their winning streak.

Spot gold is now at 1321.0 and has fallen 110 points from its previous high of 1332.0!

The average long position of 4 million lots of spot gold in Chen Hui's hedge fund account is 1257.0, and the profit and loss of one point is 40 million US dollars, and the current spot gold is at 1321.0, with a profit of 640 points at the moment, totaling 25.6 billion US dollars!

And the 4 million lots of spot gold long positions continue to hold! Because spot gold has now entered a period of adjustment of the rally, it will pull back and fall, and then fluctuate for a period of time, before it will start a new round of rise, Chen Hui is planning to take advantage of the opportunity of the gold surge to close the position on a large scale when the 'Malaysia Airlines incident' occurs!

And now spot silver is at 21.80, down 20 pips from its previous high of 22.00!

At this moment, Chen Hui's hedge fund currently holds a total of 2 million long orders of spot silver, with an average position of 19.60! A fluctuation of one point is a profit and loss of 100 million US dollars!

At present, the long position of 2 million lots of spot silver in Chen Hui's hedge fund has been slowly taking a high position.

Chen Hui checked the email sent by Lin Bo's team, who was responsible for trading spot silver, and now the long position of 2 million lots of spot silver has closed 1 million lots, with an average closing position of 21.80, and a total of $11 billion has been pocketed.

The remaining long positions of more than 1 million lots of spot silver have an average position at 19.60, with a fluctuation of $50 million, and now there is a floating profit of 220 points, totaling $11 billion!

Chen Hui believes that the shipment will be completed in two days! Now because of the situation in Ukraine and the weakness of the US dollar index, there are also many pick-up men for spot silver and spot gold!

After Chen Hui went to take a shower and came back, he opened the chart of the GBP/currency pair and looked at it, the GBP/USD has peaked in the past two days, and it is oscillating at a high level, and there have been two negative lines dragging long tails up and down in the daily chart!

This indicates that the GBP/USD bulls and bears are fighting fiercely at the moment, and the bears are beginning to gain the upper hand.

It also shows that the market is gradually overselling more than buying!

Especially today's terrible economic data in the UK.

UK CPI for January

Previous 0.4%

Published Value -0.5%

Forecast value -0.6%

The Consumer Price Index (CPI) assesses changes in the prices of fixed goods and services that the average household in the UK is likely to buy. The consumer price index is a key indicator of inflation, inflation reflects the decline in the purchasing power of the pound, which means that every pound buys fewer goods and services;

This data was very bearish for the pound, which led to the U-turn of GBP/USD in a state of growth.

Subsequently, another economic data was published.

UK retail price index for January

Previous 0.5%

Forecast value - 0.3%

Published value -0.4%

Short pound again.

It turned out that the number of bulls chasing the market began to decrease, and the shorts who had been liquidated and liquidated before also seized the time to close their positions.

Chen Hui checked the email from the Bitar team, which is responsible for operating the British pound currency pair.

Having closed all the current long positions in GBP/USD, but having closed so many positions, these sell-offs also caused the GBP/USD pair to plummet.

GBP/USD fell from a maximum of 1.6860 to 1.6660 today, as the unwinding of the Bitar team caused GBP/USD to plummet by 200 points!

The GBP/USD rally has come to an end!

Now the Bitar team has closed all the long positions of 5 million pounds against the currency.

Among them, the average long position of 3 million contracts of GBP/USD is opened at 1.6330, the fluctuation of one point is $300 million, and the average closing position is around 1.6700, with a total profit of 370 points, a total of $11.1 billion!

The long position of 1 million GBP/CAD, with an average opening position at 1.8080, a fluctuation of one point is a profit or loss of $100 million, and an average closing position at 1.8430, now a total of 350 points of profit, for a total of $3.5 billion.

1 million lots of long positions on GBP/AUD, with an average opening position of 1.8300, a fluctuation of one point is a profit or loss of $100 million, and an average closing position of 1.8660, a total profit of 360 points, totaling $3.6 billion.

A total of $18.2 billion will be pocketed!!

Because the 2 million long positions of GBP/USD that were closed earlier, the average closing position was around 1.6730, a total of 400 points were gained, and a profit of 8 billion US dollars was made!

So this time, Chen Hui's hedge fund made a total profit of $19.1 billion in the straight currency of GBP/USD!

The 1 million lots of GBP/CHF long positions, which were previously closed during the previous week, made a profit of 260 pips, amounting to $2.6 billion.

A long position of 1 million contracts on GBP/JPY made a profit of 380 pips, totaling $3.8 billion

A long position of 1 million lots on GBP/EUR made a profit of 180 pips, totaling $1.8 billion.

This time, Chen Hui gave a total of 50 billion US dollars of account funds to the Bitar team, and established a total of 10 million long positions in the British pound currency, and after all the 10 million long positions in the British pound currency were closed, a total of 34.4 billion US dollars was gained!

Return on capital is 68.8%!

Today, the total value of the accounts of these hedge funds, which operate the British pound against the currency, is $84.4 billion!

This large-scale liquidation of GBP/USD led to a U-turn and a plunge of 200 pips in a strong state!

Chen Hui was also a little surprised, but this is normal, if there are not so many buying orders in the market to take over, it will naturally plummet!

But this time he can make a short-term profit of 34.4 billion US dollars, and Chen Hui is still quite satisfied.

Then Chen Hui looked at the email sent by Adam and Hu Jianghu.

Today, the EUR/USD pair is rising, and Adam's trading team has been on the sidelines and has not chosen to add to their positions at a high level!

At present, EUR/USD is at the 1.6720 position, holding a total of 2.5 million long positions, with a fluctuation of one point of $25 million, and an average position opening position of 1.3620, with a total profit of 100 points, with a total floating profit of $2.5 billion.

Hu Jianghu's trading team continues to increase its short position in copper, but the price of copper is rising directly, and the account now holds 3 million lots with a floating loss of 2.5 billion US dollars!

Chen Hui immediately replied to the two of them by email, and also told Hu Jianghu to continue to increase his position!

After replying to the email, he sighed a few times, then stretched out and went to rest.