592. The whole market is in a state of extreme madness!
At this moment, the traders of the Rookfield Asset Management Company, the foreign exchange trading department, and praying to God, were stunned, stunned, frightened, stammering, dejected, and sweating!
Just now, their account was liquidated in an instant!
Everyone was silent, and the trading room was eerily quiet, filled with an atmosphere of sadness and grief!
Slowly, some traders began to cry bitterly, holding their eyes with both hands, putting their heads on the table, shaking them vigorously, looking very sad!
Some traders hold their faces and crouch on the ground!
Some traders lie on the table, looking numb!
The trader looked at the USD/CAD chart in a frenzy and muttered, "Oh! Oh my God!"
When USD/CAD breaks through the 1.1033 level, their available funds are zero and their positions are already liquidated. The long position of 6 million lots of USD/CAD in the account began to be forcibly liquidated! The next losses were all losses to their margins!
At this time, all kinds of news about the Bank of Canada followed!
HSBC Holdings said that the Fed's withdrawal of stimulus could further push the dollar higher this year. Yields on both the Canadian and Australian dollars are falling, making the US dollar relatively more attractive.
Standard Chartered Bank said that although the Fed is tapering its bond-buying program, it may make the country's central bank's policy stance more dovish given Canada's recent economic weakness. This could make the change in the difference between the yield of the two-year US Treasury and the Canadian Treasury more favorable to the former, pushing the dollar higher.
Reuters: USD/CAD is about to start a big bull run!
Wall Street Journal: Bank of Canada Interest Rate Meeting Causes USD/CAD to Soar, Trading Volumes in Millions of Lots in Minutes!
Bloomberg: The Canadian dollar has risen sharply against all sides!
·····
This Bank of Canada interest rate meeting not only soared USD/CAD, but also GBP/CAD, AUD/CAD, EUR/CAD, CHF/CAD...
At this moment, in the office of the chief president of Rookfield Asset Management Company, Dai Yan was drinking wine with Danny one by one, at this time Dai Yan spoke, and said with a confessional expression: "Danny, I was wrong, I solemnly apologize to you now!" Dai Yan took a glass of wine and continued: "It's all my fault, I made a mistake in judgment and couldn't listen to other people's opinions because I caused such a huge loss!"
"I should have listened to you and stopped my short USD/CAD position earlier!"
"I really regret that I have to increase my position and short USD/CAD! Alas, I am really the big sinner of the company!"
"How am I going to explain this huge loss to my clients then?"
"When the time comes, customers don't know how much money to redeem!"
Danny looked at Dai Yan with a sad and regretful look, and immediately comforted: "Dai Yan, I am also responsible!
"I'll take some of the blame too!"
Dai Yan continued to raise his glass and said to Danny, "Come, let's drink!"
·····
Switzerland, Geneva, Blue Crown Asset Management, its founder, Pratt said excitedly to the traders in the trading room: "Increase your position to buy all Canadian dollar currency pairs, as long as they pull back and fall, we will continue to increase our positions!"
After the Bank of Canada interest rate meeting, USD/CAD, GBP/CAD, AUD/CAD, EUR/CAD, CHF/CAD... All of them skyrocketed, and they naturally didn't miss such a good opportunity!
At this moment, Germany, Hamburg, L'Aquila Capital, the chief trader of Kirstian, shouted: "Hurry up and close the position!! close the position!!"
"FUCK!!Don't be stunned!"
At the moment, they have huge losses in their accounts, and there are still many short positions that have not been closed!
In the trading room of Transcend's hedge fund in Rotterdam, the Netherlands, the traders were excited, shouting, "Buy more!!
In Chicago, USA, Vallasne Asset Management, the lead trader, David looked gloomily at the USD/CAD chart and shouted: "Close the position quickly! Don't hesitate! While the USD/CAD is still low!"
"Close your position if you find an opportunity!"
"Are you an idiot? I'm telling you to find a chance!"
Now they also have huge losses in their accounts!
New York City, Angelo Gordon Company, head of foreign exchange trading, executive director, Bakett sighed deeply and said: "Stop loss, try to be in a low position!"
"Every time USD/CAD pulls back and falls, close the position!"
Now they don't even have a good chance to close their positions, and their liquidation has led to the continuous rise of USD/CAD, and now the bears in the market are basically gone.
Boston, Maxim Capital Management, and traders watched excitedly as USD/CAD, GBP/CAD, AUD/CAD, EUR/CAD, CHF/CAD all skyrocketed.
"BOSS, should I increase my position and buy the Canadian dollar currency?"
"Now is a rare and good opportunity, and it can completely blow up the bears!"
·····
Robert and Phil looked at each other and smiled, and said, "Young men, now increase your position and buy all the Canadian dollar currency pairs!"
Greenwich City, Tudor Investment Firm, Trading Wizard, Paul Tudor Jones, smiling as USD/CAD skyrockets!
Immediately he said to the traders: "The money is coming, what are you waiting for!"
When everyone heard this, they immediately frantically looked for an opportunity to increase their positions!
The whole market is in a state of extreme frenzy!
USD/CAD, GBP/CAD, AUD/CAD, EUR/CAD, CHF/CAD have all seen a long white candlestick!
At twelve o'clock in the evening, the Canadian dollar pair temporarily stopped rising and began to fluctuate and retrace, and after half an hour, it also fell a lot, and now
USD/CAD is trading near the 1.1070 level.
GBP/CAD is trading near the 1.8300 level.
AUD/CAD is trading near the 0.9770 level.
EUR/CAD is trading near the 1.4980 level.
CHF/CAD is trading near the 1.2130 level.
After another hour, the Canadian dollar continued to rise, but the rally slowed down and slowly continued to rise for several hours.
On their one-hour charts, there are four white candlesticks in a row! The first one is the longest, and the last three are decreasing!
Finally, when it came time to stop,
USD/CAD is trading at 1.1100
GBP/CAD is trading at 1.8370
AUD/CAD is at 0.9810
EUR/CAD is trading at 1.5010
The CHF/CAD pair is trading at 1.2160