$111,720 billion in accounts bottomed out for Canadian dollars, and Bank of Montreal smashed the market
Just as Chen Hui was about to leave, Helen walked over, gently pulled Chen Hui's clothes, and said in a weak voice: "Tomorrow is the Bank of Canada interest rate meeting, I want to try to go long USD/CAD!"
Chen Hui touched Helen's little head, then sat back in his place, and asked with a curious smile: "Why do you want to do more?" Helen didn't talk about it, Chen Hui almost forgot!
Tomorrow night is the Canadian industry interest rate meeting!
Isn't it just right to open a position tonight!
Helen pinched her fingers and said apprehensively, "My intuition!" She had a strong premonition that the USD/CAD would skyrocket!
"Maybe this intuition is quite accurate!" Chen Hui didn't feel any big surprise when he heard Helen say this, Helen's intuition was really accurate!
The future of the market is inherently unknown, and sometimes intuition can really have unexpected effects!
The sense of disk is also a very important part!
After thinking about it, Chen Hui opened the USD/CAD chart and casually asked Helen, "How is the recent account doing?" "I used to operate a $3 million account for Helen, I don't know how it is now!"
Helen said: "Tonight, I closed the short position of spot gold!"
Not long ago, she just closed the short position of spot gold in her hand and made $300,000!
Now the account has gone from $3 million to $4 million, a profit of up to 33%!
Chen Hui nodded, didn't ask her how much money she made, just said, "In the future, you will start operating a $5 million account!"
Saying that, Chen Hui immediately gave Helen a five-million-dollar account!
"Anthracene!" Helen nodded happily, then hurriedly returned to her small trading table, opened the new account, and then carefully observed the USD/CAD chart!
At the moment, USD/CAD is at 1.0880 and is still in a downward trend!
After thinking about it, she immediately bought a long position of 100 lots of USD/CAD!
Try the position with 100 lots first and see how it goes!
But soon USD/CAD fell by 10 pips, from 1.0880 to 1.0870, and Helen frowned slightly and stopped opening positions!
When Chen Hui watched the USD/CAD fall to the 1.0870 position, the corners of his mouth rose slightly, and he said secretly: "It's just time to open a position and go long!"
"I'll get to the bottom!"
Immediately, he opened his trading account with Standard Chartered Bank, which contained $20 billion in funds!
Without saying a word, he directly bought 200,000 lots of USD/CAD!
This is a long position of 200,000 lots of USD/CAD flooded into the market, which immediately pulled USD/CAD up by 30 pips, from 1.0870 to 1.0900!
But USD/CAD did not stay long at 1.0900 and fell 10 pips down to 1.0890!
Chen Hui bought 100,000 lots of USD/CAD again, so he pulled USD/CAD up again, from 1.0890 to 1.0905, a total of 15 points!
But soon the USD/CAD fell by 5 pips, to the level of 1.0900, and then oscillated!
Moreover, USD/CAD will fall again from the 1.0900 level at any time, which shows that there are many selling orders above!
"That's a lot of selling orders above the 1.0900 level!"
"300,000 long orders are not enough!"
Chen Hui felt that the selling in the market was very fierce, so he temporarily stopped opening positions, and wanted to wait until USD/CAD fell to a lower level before opening a position!
···
Bank of Montreal, in the chairman's office, Microida holds a glass and tastes it leisurely.
Recently, USD/CAD has been falling, and their Bank of Montreal has been shorting USD/CAD in the middle of the process, and they have also made a lot of money recently.
Now they have 800,000 lots of short positions in USD/CAD in their accounts!
"It's only 800,000 short orders, less, less, let's add 200,000 hands!"
"Those people in the trading department are so cautious!"
"USD/CAD has fallen so many points lately to open this position!!"
"What a coward!"
At this time, he looked at the upcoming Canadian economic data and immediately sent an order to the people in the trading department.
Let the people in the trading department smash the short position of 200,000 lots of USD/CAD when the Canadian economic data comes out, and cooperate with the bears in the market to suppress the USD/CAD!
With that done, he leaned back in the boss's chair and pondered quietly.
"I don't know where that kid Adam ran to?"
Adam was a brilliant trader at their Bank of Montreal, having previously helped the Bank make $3 billion, which he later sent away with a $2 million bonus.
Because Adam's wife is very beautiful and seductive, and then hooked up with a young majority shareholder and director of the Bank of Montreal!
The two also secretly got together early!
It just so happened that he didn't want to give Adam so much bonus, so he cheated him!
···
At this moment, in the trading department of the Bank of Montreal, a middle-aged man immediately said after receiving the instructions of Mepida: "Prepare a short order of 200,000 lots of USD/CAD, and smash it into it when the Canadian economic data comes out, and cooperate with the bears in the market to suppress USD/CAD!"
All the traders said in unison: "Yes!"
Soon after, a piece of Canadian economic data came out.
Canada's March CPI MoM
Previous 0.6%
0.4% forecast
Declared value0.8%
The Consumer Price Index (CPI) measures price changes from the consumer's perspective. It is an important way to measure changes in Canadian buying trends and inflation.
If the index is higher than expected, the CAD should be considered strong/bullish (the usual way to combat inflation is to raise interest rates, which can attract foreign capital), while if the index is lower than expected, the CAD should be considered weak/bearish.
This data is very positive for the Canadian dollar and bearish for USD/CAD!
So USD/CAD plummeted!
The rain doesn't stop!
It fell by 70 points in 5 minutes, from 1.0900 to 1.0830!
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Among the chairmen, Mepida watched the USD/CAD drop by 70 points in 5 minutes, and was suddenly excited!
He made the right decision!
Now they have a short position of $1 million in Bank of Montreal!
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At this moment, Temasek Building, Chen Hui watched the USD/CAD fall by 70 points, and immediately bought a long order of 200,000 USD/CAD, supporting the USD/CAD, and pulling up the USD/CAD by 10 points, from 1.0830 to 1.0840, and then the USD/CAD fluctuated wildly!
Chen Hui watched this scene, so he placed orders of 200,000 hands at 1.0830, 1.0831, 1.0832, 1.0833, and 1.0834 respectively!
A total of 1,000,000 long orders were placed near the 1.0830 level!
As long as USD/CAD touches these points, then these pending orders will be filled immediately!
Looking at the time, it was not early, Chen Hui turned off the USD/CAD chart, and then explained a few words to Helen.
"Anthracene ~ I'll rest later. Helen said that at the moment she is adding to her position near the 1.0840 level to buy USD/CAD.
Chen Hui nodded and glanced at the trend chart of spot gold again.
"Now that the trading volume of spot gold is very small, there should be no big fluctuations tonight!"
"Wait for tomorrow!"
Thinking of this, he turned off the trend chart of spot gold,
A short time later, he left Temasek Tower by helicopter...
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