"On the official side, I got in touch with each other, and the official face exchanged blows with some people in the World Financial Institute. ”

"Strategically, the country urgently needs to establish an order that is beneficial to us, including a financial one. ”

"It's impossible to start anew, bring a bunch of kids to play on their own, unless there is a new technology that can turn the world upside down, otherwise the cake will be so big, some people will eat more, and some people will eat less. ”

"Even if you make another cake, don't others want to come and grab a piece of it? Passive or active, the financial market should enter a period of fierce confrontation, then...... What's going to happen next?"

After a conversation with Liu Ye, after returning home, Wang Nuo immediately found a bunch of information from Tyrone for reading, and his eyes were zoomed in from the information data limited to the market to the analysis of the entire situation, and he suddenly ...... A brain of paste.

Finance can be an extension of military, economic, political and so on, it can be said that almost every variable in the world will eventually affect the financial market, so if you want to summarize these things and get the direction of financial market changes, the gods can't do anything.

There are too many variables, and the financial market is a chaotic market, and in this field, no one can trust 100% of what they say.

In the next time, Wang Nuo fell into trouble, the whole market always seems to be changing, but he can't determine the direction of change, because the amount of funds is relatively small, the risk tolerance is relatively low, and the difficulty of operation has increased a lot.

What Wang Nuo can do is to recharge quickly, he can only strive to come up with the best investment plan after the honest pen energy turns positive.

Merely...... Wang Nuo didn't know at all, it was really not difficult to make money after taking the line of my big mother.

18th, Thursday, Hong Kong Island, Tyrone International.

When he came to Su Huanzhang's office again, Wang Nuo seemed to be familiar with the road, and the people who were more familiar with the road than him were Green, Jonas, and Zhao Zhonghan.

"King. ”

"Arnold. ”

Seeing Wang Nuo walk in, the people sitting in the office all showed joy on their faces, and Su Huanzhang and Zhao Zhonghan's expressions were even more excited.

"What's going on? A forward foreign exchange trading list with a span of 2 months, do we need to be so cautious?" Wang Nuo was a little unsure So, he was still a little busy in the Shanghai market, and it was really tiring to fly around during this time.

Regarding Su Huanzhang's receipt of a 2-month forward foreign exchange transaction order, he called himself over, Wang Nuo felt that it was a bit of a fuss.

"4.8 billion U.S. dollars! And it's a direct futures exchange! Arnold, do you know what this means?" Su Huanzhang was surprised at first by Wang Nuo's disapproval, and then remembered that Wang Nuo had only been in the industry for more than a year, so he knew it in his heart, so he put on a serious expression and said: "This list is from the Department of Foreign Exchange and Reserves. ”

"It's a good deal, we may not be making much money on this list, but the meaning of what it represents is very important. As the director of the investment department of Tyrone International, Zhao Zhonghan has a feeling of numbness in his heart since he knew the news, and it seems that he ...... It's pride and anticipation.

"Congratulations, King. Green also looked at Wang Nuo with a smile, with inexplicable sighs and envy in his heart.

Forward foreign exchange transactions, and not in the nature of options, but direct forward transactions, the buyer does not mind or deliberately let Tyrone find out the source of the list, which means that Tyrone International was accepted into the system of exchange and savings operation, and its status has suddenly been qualitatively improved.

It's not that Wang Nuo doesn't understand the importance of this matter, it's just that he hasn't been in the industry for a long time, and he hasn't experienced the benefits of being accepted at all.

With the attention of Su Huanzhang and Zhao Zhonghan, Wang Nuocai slowly increased his attention to this matter.

At its peak, the country had foreign exchange reserves of nearly 4 trillion US dollars, and now it has a foreign exchange reserve of 3.2 trillion US dollars.

Therefore, when the dollar depreciates, people in the industry don't even have to think about it, they can come to the conclusion that the foreign exchange reserve data denominated in US dollars has risen.

Safety is the most important principle of the Reserve Division, and when they conduct spot transactions, they will definitely conduct frequent forward transactions to eliminate risks.

For example, the Department of Foreign Exchange has decided to exchange 10 billion US dollars for euros, but they are doing direct trading, not options, futures, etc., and they cannot say that they are selling dollars and buying US dollars at the same time, so it is easy to expose the exposure, and if there is a need to adjust the exposure results, the regular army will let other institutions in the foreign exchange system take forward positions.

The Treasury Division needs a $4.8 billion position in 2 months to close a certain amount of exposure, so that they don't have to bear the risk of exchange rate changes during 2 months, but they need Tyrone International to take it, that is...... Tyrone International participated in the exchange and storage operation.

Su Huanzhang and Zhao Zhonghan would rather lose money than do a good job in this list.

"But I'm not sure about the forward rate of the euro, and I don't have any experience in quoting forward forex transactions. Wang Nuo said with a headache.

The Department of Foreign Exchange and Savings asked Tyrone International to provide a $4.8 billion US/Europe position in 2 months, and Tyrone International would sell US dollars and buy euros during the period, and it should not be an option operation, it must expire and be deliverable, that is, take US dollars for euros first.

Now the spot market exchange rate of the US dollar against the euro is 0.8452, how to quote this forward foreign exchange trading list is the core problem, that is, everyone thinks that the euro will appreciate or depreciate after 2 months?

For example, if you get a quote of 0.85 in 2 months, if you get 0.8450 euros in USD/EUR, and then use the price of 0.8500 to smooth out the position, you will earn 50 basis points.

In fact, the quotation is the forward price, and if you sell the dollar at a price of 0.85 after February, then as long as you get the "source" below this price, you will make a profit.

The Treasury Division seems to be losing money, but it should not be, because they are now trying to erase their exposure in two months, and they now feel that the dollar assets in two months are too small, which proves that they have a corresponding more currency, the euro, 0.85 to 0.845, and the euro in the hand of the Treasury Division is equal to more dollars, and they can also erase their exposure.

What the Department of Foreign Exchange and Storage wants is stability, so the risk of exchange rate changes during the period is thrown to the group of institutions of Tyrone International, but the risk and return are proportional, and the risk is also the possibility of making money, and ...... It is equivalent to knowing the nature of a small part of the operations of the Treasury Division.

From a quotation, you can get a lot of data, long-term cooperation, a large amount of data, frequent participation in transactions, the platform of Tyrone International will live more and more nourishing, which is the most important thing.

Purely from the perspective of trading, to describe it in relatively simple words, Wang Nuo understands very well that this is: there is no goods in hand, and someone decides to buy a certain amount of goods from here at a certain price at a certain time, and what is missing is only the price.