585. This belongs to the herd effect, and you don't know who is swimming naked until the tide goes out!

When dinner time came, Chen Hui glanced in the direction of the bedroom, Luo Baowen still didn't get up, it seemed that she was tired and couldn't get out of bed!

From last night to today, the two have been crazy about love, not tired at all, Luo Baowen is going to Malaysia soon, and she is even more crazy to ask Chen Hui for suo.

Chen Hui thought about it and was about to get up and go to the bedroom, but suddenly saw that the Swiss franc / Canadian dollar began to fluctuate rapidly, which immediately attracted Chen Hui's attention, at this moment the Swiss franc / Canadian dollar is at the 1.2060 position, at this moment Chen Hui holds a total of 500,000 Swiss francs / Canadian dollar long positions, the average position is at 1.2000, and the current account is making a profit of 60 points, with a total floating profit of 300 million US dollars!

That's when the Swiss economic data came out.

Switzerland's ZE Investor Confidence Index for January

The previous value was 39.4

The forecast value is 38.4

Published value 35.4

Institutional investors and analysts were surveyed and asked to make judgmental comments on the outlook for the Swiss economy over the next six months. The questions include an assessment of inflation, interest rates, exchange rates, and the stock market for the next six months, and based on these responses, an index is formed, with a value above 0 indicating an economic expansion and a reading below 0 indicating a contraction. It is a leading indicator of the health of the economy – due to the nature of its work, investors and analysts are very well informed, and a change in their views on the economy may be the earliest indication of future economic activity.

This data is very bad, bearish for the Swiss franc, and the Swiss franc currency has weakened against all sides!

Immediately CHF/CAD began to fall, 20 points in 20 minutes, from 1.2060 to 1.2040, Chen Hui immediately bought 100,000 hands of CHF/CAD long order, supported CHF/CAD, but failed to support for long, CHF/CAD continued to fall, 5 minutes later, fell to 1.2030, Chen Hui immediately bought 100,000 hands of CHF/CAD long order! instantly pulled CHF/CAD to 1.2040 position, but CHF/ / The Canadian dollar failed to gain a foothold at 1.2040 and fell to 1.2030 again in less than 10 minutes.

Chen Hui saw that the Swiss franc/Canadian dollar was falling quite sharply, so he was not in a hurry to buy it!

After a while, the CHF/CAD fell another 5 pips, from 1.2030 to 1.2025, and Chen Hui immediately bought 100,000 lots, instantly pulling the CHF/CAD up by 15 pips and returning to the 1.2040 level again.

However, the CHF/CAD pair still failed to gain a foothold at 1.2040 and fell again in less than 10 minutes, falling to 1.20250.

The corners of Chen Hui's mouth curled a little, and he did not continue to buy the Swiss franc/Canadian dollar.

After a while, the Swiss franc / Canadian dollar fell by 10 points again, falling to the support level of the 5 moving average on the daily chart, and immediately Chen Hui made a decisive move, directly buying 200,000 lots of long orders for the Swiss franc / Canadian dollar, and immediately swept away the short orders in the market! The Swiss franc / Canadian dollar instantly rose by 25 points, from the 1.2015 position to the 1.2040 position.

At this moment, the bulls outside the market saw that the Swiss franc/Canadian dollar actually stood out and rebounded strongly in the case of the decline of the Swiss franc currency, and the bulls who were on the sidelines also entered the market.

Five minutes later, the CHF/CAD pair was firmly at 1.2040.

Now Chen Hui has added a total of 500,000 contracts of long positions in CHF/CAD, and he currently holds a total of 1 million contracts of long positions in CHF/CAD, with an average opening position at 1.2020, and a total of 20 points of floating profit, totaling $200 million.

At this moment, in Switzerland, the UBS headquarters in Zurich, the trading department, a trading team, and several traders looked at the CHF/CAD chart with surprised faces.

At this time, a trader's face was heavy and said: "Do we still want to suppress the Swiss franc/Canadian dollar?", just now they had a competition with the bulls in the market, relying on the Swiss economic data to bear the Swiss franc, they all the way to the Swiss franc currency violently! But they did not expect the Swiss franc/Canadian dollar to be so tenacious! They could not get any bargain!

After hearing this, another trader was silent for a while, and said with a worried face: "The situation seems to be a little bad now!" After speaking, he pointed to the Swiss franc currency exchange again, and said: "You look at the Swiss franc currency exchange, all of them have been suppressed by me, except for the Swiss franc / Canadian dollar! It seems that the Canadian dollar is weaker than we imagined!", just now they comprehensively suppressed the Swiss franc currency exchange, but the Swiss franc/ The Canadian dollar was very supportive, and they spent a lot of money to suppress it, but they didn't expect it to bounce back quickly!

"Now the Canadian dollar is too weak, it's about to be the Bank of Canada interest rate meeting, I don't know what the outcome will be?" another trader thought for a moment and said: "I'm more optimistic about the Canadian dollar strengthening!"

At this time, another trader said: "But the market is not looking at the Canadian dollar now!" He pointed to the chart of the Canadian dollar currency against the US dollar/Canadian dollar, British pound/Canadian dollar, and euro/Canadian dollar, and said: "Look at the three Canadian dollar currency pairs, the US dollar/Canadian dollar, the British pound/Canadian dollar, and the euro/Canadian dollar, are really too strong, and they are rising vigorously! It shows that the market is generally not optimistic about the strength of the Canadian dollar!"

Now USD/CAD, GBP/CAD, EUR/CAD are all rising, indicating that the Canadian dollar is declining!

At this time, another trader disagreed, saying: "The market is usually wrong and irrational!"

Looking at the surprised eyes of the others, he continued: "This is a herd effect, and we will only know who is swimming naked when the tide goes out!

"So are we still suppressing the CHF/CAD now?"

"Don't suppress it for the time being, and when the Canadian interest rate meeting comes out, we will suppress it!"

"Okay, agreed!"

"Agreed!"

·····

Half an hour later, Chen Hui watched the Swiss franc/Canadian dollar rise by 20 points again, very satisfied, immediately got up, stretched his body, and then went to the bedroom, now his stomach is also a little hungry, he is ready to wake up Luo Baowen, and then have dinner together.

But just walked into the bedroom and found that Luo Baowen was not in the bedroom.

As soon as Chen Hui turned around, he was tightly held by a pair of jade hands, and a mischievous voice came, "Chairman, I'm here!"

"Wenwen, I didn't expect you to be naughty" Chen Hui immediately turned around and grabbed her thin waist, stroked her hair and said, "Are you hungry?"

"Well, I just asked the chefs to bring dinner," Luo Baowen said softly, "I saw you so serious just now, so I didn't bother you!"

"I'm asking if you're hungry?" Chen Hui smiled evilly: "Wenwen, are you hungry?"

"I hate it, eat first!" Luo Baowen suddenly had a pretty face, but she didn't expect Chen Hui to be serious.

"Haha!" Chen Hui laughed and took Luo Baowen to the dining place.