79. The bottom of the first pot of gold
The two of them stayed in the villa until 5 o'clock in the afternoon, before getting up, Zhou Xuefen went out to buy all kinds of daily necessities, and also went to the supermarket to buy vegetables, tonight she wants to show her best cooking skills!
Chen Hui drove out and bought a few Apple computers and came back, as well as some fitness equipment....
After finishing everything, it was 7 o'clock in the evening before dinner, Zhou Xuefen's cooking skills were very good, and the home-cooked dishes were particularly delicious, which made Chen Hui feel the taste of home.
In the evening, Chen Hui was in his study, opened the newly bought Apple computer, opened the USD/JPY chart, the US dollar / JPY fluctuated little today, the Asian market in the morning, opened at 97.290, then rose 10 points, and then began to fluctuate down, to the opening of the European market, it returned to the opening position of 97.290, the entire Asian market USD/JPY market trend, almost unchanged,
After the opening of the European market, it has been fluctuating in a small range throughout the afternoon, and at 6 o'clock in the afternoon, it began to fall, and at 8 o'clock, it only fell by 10 points, and the market fluctuated back and forth halfway.
After all, for most of the time after each big market, the market fluctuates randomly, and there is no logic at all!
You can only wait patiently for the right time to enter!
At half past eight o'clock in the evening, the U.S. economic data came out, which was not ideal, and the preliminary value of the Markit manufacturing PMI in the United States in September was 50.8 in the previous month
The forecast value is 51.1
Published value 50.5
Slightly less than expected, bearish for the dollar......
In Chen's eyes, this economic data is still relatively important, and the market research company Markit surveyed about 600 managers, including the respondents' assessment of employment, output, new orders, prices, inventories and other aspects. It is a leading indicator of economic conditions, as companies are able to react quickly to market conditions.
Therefore, it is very important for foreign exchange investors to make judgments on the outlook of the U.S. economy by observing changes in such data, which in turn affects the trend of the foreign exchange market.
However, although it is less than expected, it is still above 50.5, indicating that the manufacturing industry is still in the expansion stage. The Federal Reserve will also observe various economic data and indicators to judge the overall operation of the U.S. economy.
At this moment, USD/JPY is starting to fall, the data is only temporary, how should the market go, and how will it go in the future!
Chen Hui was not in a hurry to open a long position, and at 10 o'clock, it fell slightly for two hours in a row, and the 1-hour chart showed two small negative candles, and USD/JPY fell to around 97.060 at the moment.
Chen Hui immediately began to build positions slowly, and tonight is the time to slowly build up his huge long bottom position. Because Chen Hui clearly knows that tonight is the lowest point of the monthly line, after this position, it will begin to rise, probably around the 97.000 position.
At this moment, Chen Hui opened the monthly chart, the monthly K-line of USD/JPY, which touched the position of the October moving average, which formed a strong support, and many people began to buy here, or close short-term positions here.
Therefore, this position will generate a surge of buying orders.
But before driving, it has to kill some people before it can drive!
At this time, all kinds of economists, all kinds of analysts, and researchers began to jump out and publish articles.
"Optimistic about the economy of Dongying, the yen will appreciate in the coming months, according to the industrial index of Dongying..............."
"The U.S. economy is shrinking...... With unemployment on the rise and turmoil in the Middle East, this is undoubtedly the time to hold risky assets, and I am bullish on the yen, gold ....."
"The U.S. consumer index has been declining in recent months, and consumers have begun to cut back on food, indicating that the economy is getting worse, the public's income is falling, I am not optimistic about the U.S. economy, and I should short the dollar............."
"In December this year, the Fed may conduct Q4, and the dollar will fall again............"
"According to the latest U.S. industrial index, there has been no recovery for half a year, and I think the probability of the Fed ending monetary easing in December is almost minimal, and I am bearish on the dollar ...................."
"At the moment, USD/JPY is in a technical bear market phase, and we should also short the USD........"
Chen Hui scoffed at these news, commented,
Why don't you use your salary to open a short position in the US dollar when you say this?
Chen Hui began to be at the 97.060 position, began to prepare to sweep the goods, each time the position is 500 hands of USD/JPY long order, Chen Hui did not dare to once, too many positions, worried about causing the butterfly effect, Chen Hui is a slow foodie, a steady foodie, to throw a 10,000 hands into it, it may slightly affect the market trend, after all, many people are wait-and-see, a little wrong, the bears will become long, the bulls will become shorts.
At the same time, when Chen Hui began to open a position, some traders in the opaque and undisclosed investment department of the Bank of Tokyo, the Toying Island country, were sitting in front of the computer, staring closely at the USD/JPY market.
A senior manager said in a deep voice: "Keep putting USD/JPY, keep playing for me." until it hits below 97.000 to create a technical downward trend..........."
"Yamada-kun, we have recently shorted 3 million contracts of USD/JPY. The day before yesterday it hit more than 100 points, and yesterday it couldn't go down, and it has been at the 97.000 to 97.400 position, a place where there is a large number of buying orders every time. Eat our short positions......." reminds a senior trader,
This time, Mitsubishi Bank used 10x leverage. For 3 million lots of USD/JPY, 15 billion US dollars were spent on the margin.
"Yes, Yamada-kun, today we spent more money to fight, tens of millions of dollars more than yesterday, and now it is at the monthly level of support, there are a lot of buys, against us, eat our short orders," said another trader
"Yamamoto-kun, do we start to close the position, now we have hundreds of millions of dollars in paper profits. Another trader said
In the past few days, they have been fighting day and night, and they are tired.
"Baga, do as I say! just call me below 97.000!" said Yamada, who also had a bad premonition, but this time he decided to take a risk.
Suddenly, the traders, having nothing to say, concentrated on looking for opportunities to short USD/JPY in the market.
"Have you released all the bad news before?" said Yamada to his assistant
"Yamada-kun, according to your news, it's all bad news now, and the Yankees are also cooperating with us!" said the assistant
"Well, continue to fight me tonight, if we can't hit below 97.000 this time, we may have to do it for nothing, I feel in my heart that the Fed may really end monetary easing this time, this expectation effect is very strong, if there are no shorts to take our plate, maybe we will lose a lot of money!" Yamada said
Far away on the other side of the ocean, the hedge fund, Bridgewater Fund headquarters, Dario sat on a chair and said to his assistant, "Call them, today's last slow, cautious foodie, don't pull up today! Put more news that is bearish for the dollar, and cooperate with our 'good friends' in Dongying"
At the same time, Citibank also staged this scene, the investment department, Jimmy said to the assistant next to him: "Continue to sweep the goods slowly today, all the orders are hanging around 97.000, we will eat as many pigs as we want!