564. Despair begins!
Seeing that the crowd still looked nervous, Danny continued: "When you feel hopeless, you must keep faith! Do you know how Columbus discovered the American continent!!?
Danny suddenly shouted: "Keep me the faith, persevere!!! if we don't have the confidence to win, then we will definitely die in the ocean of foreign exchange!"
Danny's words suddenly brightened everyone's expressions, and how could they give up until the end! Breaking through the darkness in front of them is light!!
At this moment, Bank of Montreal, Adam and other traders are excited, excitedly looking at the USD/CAD chart, today the USD/CAD is so strong, directly breaking through the resistance position of the previous day, and then standing firm, completely excited them!
Now they hold a long position of 1.5 million contracts of USD/CAD, with an average opening point at 1.0770, and a total of 120 pips of floating profit, for a total floating profit of $1.8 billion!
"Adam, it's a good day!
"Just now I watched USD/CAD being swept up like crazy at 1.0870, and I knew we were about to make a lot of money!
"Those dead bears will definitely not see the coffin and not cry! Hehe, let's see how they die when the time comes! USD/CAD may skyrocket in the next few days!"
"Yes, these dead bears should be desperate! When the time comes, they will blow up their positions, and I don't know how many pips USD/CAD will skyrocket!"
"Their death is not far off! When the Canadian economic data comes out and is positive for the USD/CAD again, then they will really make matters worse!"
"Economic data is definitely positive for USD/CAD!
"Even if the economic data is bearish for USD/CAD, USD/CAD will still rise, and the data will be of no use!"
"yes! Data failures are normal!"
"The market is in a frenzy and doesn't care what the economic data looks like!"
At this time, a trader asked: "Adam, now that USD/CAD is about to cross the 1.0900 level, should we continue to increase our positions now?"
Adam pondered for a while, and said: "These dead shorts have tormented us for a long time, naturally we have to increase our positions! Let's start adding positions now, this time we hold a position of 2 million lots!!
"Pull USD/CAD above 1.0900 completely!!!
Immediately, everyone began to increase their positions!
At this time, USD/CAD continued to rise, and at almost 11 o'clock in the evening, USD/CAD finally broke through to the 1.0900 level, then continued to rise to the 1.0905 level before stopping, and then oscillated in the 1.0900-1.0905 zone.
At this moment, Xiangjiang, Standard Chartered Building, Chen Hui lightly tapped on the keyboard, watched the USD/CAD break through to the 1.0900 position, shook his head, he did not make any move.
Before, Chen Hui thought that the USD/CAD would still fall, and then he continued to buy more goods, but he didn't expect the USD/CAD to rise all the way. Breaking through the 1.0900 level and gaining a foothold at the 1.0900 level, he has a slight regret that at this moment he already holds a long position of 2.7 million contracts of USD/CAD!
At this moment, Canada, Brookfield Asset Management, Forex Trading Department, Danny and many traders watched the USD/CAD break through the 1.0900 level and stand firm, and their hearts were hanging.
One of the traders shouted in a panic: "Danny, what to do, now USD/CAD has risen to the 1.0900 level before the Canadian economic data is released!!"
Another trader was stunned and muttered, "How is this possible!!Are these bulls crazy tonight!!This is absolutely impossible! Why is this happening?"
Another trader was terrified and said, "This can't be true! Could it be that all the bulls have taken aphrodisiacs tonight!!The USD/CAD has actually broken through the highest level of these days, is it going to push us to a dead end?" At this moment, he was like a frightened bird! He was greatly frightened, and his back was in a cold sweat.
Another trader said anxiously: "Adam, should we take action now to suppress USD/CAD!", looking at USD/CAD like a bamboo, he was nervous in his heart, especially the loss of more than $5 billion in the account, which made him more and more impatient!
A trader said dejectedly: "Now the USD/CAD is so fanatical, it is useless for us to suppress it! Now the suppression, just hit the muzzle, we will only be consumed more funds!" Now the USD/CAD bulls in the market are too fanatical, crazy attack, and now there are fewer and fewer bears in the market! Now he is even more restless, and his forehead is full of cold sweat!
Another trader sighed and said, "If Canada's economic data is good for USD/CAD, it will be even worse, and USD/CAD will be turned upside down tonight!"
Another trader panicked and said with a cold heart: "I'm really afraid that after the Canadian economic data comes out, it will be bearish for USD/CAD, and then USD/CAD will continue to rise, turning a blind eye to the bearish economic data!"
This was what worried him the most, and if such a thing happened, then they would really be even more desperate.
Danny looked gloomily at the USD/CAD chart, his hands were sweaty, he took a few deep breaths and said, "Close your eyes for me, and after 5 minutes, open them again!"
After saying that, Danny closed his eyes, this method may be the most effective, as long as it is 5 minutes later, what will happen, you will know!
Everyone's eyes immediately lit up, and they acted in the way Danny said.
At 11 o'clock in the evening, the Canadian economic data was released, and the Canadian national economic confidence index was released
The previous value was 52.2
Expected value 53.7
The published value is 60.7
The Canadian National Economic Confidence Index is an important indicator of short-term sales estimates for companies in the consumer goods sector, based on the results of the Conference Board of Canada's survey of household consumers about their optimism about the current state of the economy. Household consumers were asked about their views on current and future economic and financial conditions, as well as short-term employment prospects, and were asked to assess whether the current economic environment is suitable for purchasing high-priced goods such as homes and cars.