"In the past two months, the euro exchange rate as a whole is a narrow range of downward shocks, after the negative interest rate of the yen, the euro depreciation is more obvious, the euro in the hands of the trading party, there is currently a certain paper loss in US dollars, they decided to lock in the amount of losses, but for some reason, they do not want to go out in person, expose exposure. When the expression on Wang Nuo's face returned to calm, Jonas sat next to him and immediately stuffed dry goods in.

It doesn't matter to a foreigner like Jonas who trades between two financial institutions, but it is important to analyze the situation and market movements of oneself and the counterparty.

Jonas's meaning is very clear, the dollar has been trending well during this time, and when the yen first depreciated and then rose, and is currently stable and rising, the dollar did not depreciate, and the reason is ...... The euro is worse than it.

Assuming that the trader is exchanging dollars for euros during this time, then they will definitely lose money in US dollars, and they are worried about continuing to lose, so they decide to lock in the loss amount and do not want to continue to take risks.

But as an official institution, whether it is out of political considerations or other factors, the Department of Foreign Exchange and Savings cannot come forward to sell euro assets on its own, and they may even need to take euro assets to achieve certain goals, and even worse...... They may also increase their holdings of the euro in 2 months.

From the point of view of the transaction procedure, the exchange savings division is to use Tyrone International as a trumpet, and the operation mode of the exchange is to exchange the US dollar for the euro, or to hold the euro assets that have been exchanged, and then open the small account to exchange the euro for the US dollar, and wait for the time of two months to smooth out the position and close the exposure.

What Tyrone International has to do is to be the small account of the foreign exchange and storage division, and help the large one carry a forward position of 4.8 billion US dollars, if the "buying price" is well controlled, in the case of the "selling price" is determined, it will make a steady profit without losing money.

"I'll do this deal?" Wang Nuo asked Su Huanzhang first.

"Of course, at least you have to be involved. Su Huanzhang immediately gave the answer.

Other people in the office have no opinion, everyone knows what it means over there, when Wang Nuo agreed to the request of the boss and slowly lowered the yen bullish position, the two sides had already completed the preliminary cooperation, plus Wang Nuo's "like-mindedness" in long yen and after investing more than a billion in the domestic charity circle, as long as Tyrone International is not stupid, he knows who this matter will be handed over.

"Joe, what price do you think we're going to offer?" Wang Nuo turned his head again and asked Jonas.

"The USD/EUR is in an upward channel, and we are above the forward exchange rate, so we should let the euro be discounted," Jonas smiled slyly, "Believe me, as long as the price is not outrageous, the available forces must be concentrated in the yen area, your central bank, most likely will agree to you." ”

"I don't think that's going to be the case. Jonas is a foreigner, and Zhao Zhonghan is a native Chinese, and he was almost frightened by the foreigner's opinion, and immediately interjected, saying: "It is feasible to normal, even depress, the forward price of the dollar." ”

"Arnold, quote a price to the central bank, and a price to the company, Tyrone will not let you suffer. Su Huanzhang also seriously suggested to Wang Nuo.

In short, Tyrone is ready to pay a certain exchange rate difference to Yang Ma, and they would rather lose millions of dollars themselves, but also curry favor with the Department of Foreign Exchange and Reserves, and maintain the cooperative relationship between the two sides, at least ...... The first collaboration should go well.

That is to say, Wang Nuo can quote USD/EUR 0.849 to the Treasury Division, and then give Tyrone International 0.85, of which 10 basis points will be paid by Tyrone to Wang Nuo's fund through other means, or let Wang Nuo directly use Tyrone International's funds to undertake this order, and then Tyrone will calculate the price difference between the two sides, which is feasible.

This is the difference between positions, Green Corner is purely here to help analyze the market and make profits, while Tyrone International's primary goal is to finalize cooperation and maintain relationships.

In the case that my big central mother may lose money, Tyrone International, a financial institution with "noble patriotic sentiments", would rather lose money itself than contribute to the country, so ...... Does Yang Ma want to give more orders and cooperate more in the future, so that Tyrone International can live a little more nourishing?

Almost without thinking, thinking about the identity of the Su family, the mainland real estate tycoon and the predator in the financial industry, Wang Nuo immediately knew Su Huanzhang's attitude, money can be lost, and the first order cannot be run.

Wang Nuo is not in a hurry, the trading of the US dollar and the euro is definitely the largest trading variety in the international financial market.

The amount of $4.8 billion can be placed in the US dollar against other currencies, and it must be carefully placed on the US/EU side, if it is not a direct transaction, the options market can be swallowed at any time.

Therefore, this list is almost fed to Wang Nuo's mouth by the Hui Chu Division, as long as he quotes a similar price, he will soon be able to get the position, and then slowly exchange the option trading order for the actual forward delivery order, and the probability of loss is very low.

"Unless the dollar appreciates sharply within a few days, otherwise, with the participation of the green corner, positive returns are a high probability event," Wang Nuo thought in his heart: "So it should be a euro premium, but the United States/Europe is under pressure to fall, if there is no corresponding amplitude within 2 months, the premium euro quotation will inevitably lead to losses." ”

From the perspective of the equation relationship, the central bank intends to exchange euros for dollars in 2 months, and Wang Nuo is to exchange dollars for euros in February after 2 months, so the price of the euro premium is reported, Wang Nuo is a pure loss, and the euro is still in the bearish channel under pressure relative to the dollar.

As long as the euro fluctuates to a higher position than the quotation within 2 months, Wang Nuo will make money.

This list can not focus on the final price, but ...... At a certain point in time, there is a corresponding price level and volume energy.

What is the information advantage in your own hands? The yen is likely to rise, at least in a narrow range, and the currency value is stable, and the Australian dollar is still in a narrow range in July and August, with an amplitude of no more than 1%, and the US non-farm data is likely to have good expectations, what about the euro?

The information on the euro is almost all reversed, are you sure?

However, this opportunity must be seized, and cooperation with the regular army and continuous cooperation is extremely important for future market analysis.

It's not right, people like Su Huanzhang may choose this model, but ......

"I can't choose!" Wang Nuo was very vigilant.

If you use your own money to subsidize the country, do you want to earn it back in other ways? Su Huanzhang can earn it back, but Wang Nuo cannot.

"If I don't want to be a bridge for Tyrone to exchange interests with his superiors, this cooperation must be a win-win situation, or ......" Wang Nuo quickly had the outline of the plan in his heart: "I can collect the money given by Tyrone, and I can collect it openly, just transfer it to the charity foundation, I should also take this list, or use my own funds to undertake it." ”

"So...... Are we competing for favor?" Looking at Su Huanzhang and Zhao Zhonghan, who were full of anticipation in their eyes, Wang Nuo finally understood the nature of the matter.

This is the competition for favor.