Chapter 218: Knowing that there are tigers in the mountains
"How's it going, is there any news?"
Seeing Ji'er and the brown-haired woman return to the self-management department, Zheng Fan asked with an expectant smile. Pen | fun | pavilion www. biquge。 info
"Although fifteen minutes is not too long, the pace of the market is changing all the time, so it's no wonder that the wait is in a hurry." Harry, a white man, glanced at the time on the big electronic screen.
"It's just a general news, the absolute bullish main force in the international gold spot is the Japanese funds represented by Sakura Bank in the group operation, as for the US dollar index futures in the bullish main institutions, it seems to be the two major insurance groups in New York." Because the market is changing, Ji'er first gave Zheng Fan a brief answer.
"Let's talk about the main situation of the bulls in the dollar index futures first." As soon as he heard the blonde girl mention the insurance group in New York, Zheng Fan's expression couldn't help but move, and he faintly realized that the opportunity might have come.
"New York Life Insurance and MetLife Insurance Group, with long positions in dollar index futures, now exceed six million lots." After Ji'er revealed the news, she had already noticed that Zheng Fan showed a touch of joy.
"Boss, is there anything unusual about the two major insurance groups mentioned by President Ji'er?" Ye Qian asked sensitively.
"In the mature financial market, insurance capital is a large investor, through the amplification of financial and operating leverage, the amount of funds is notoriously large, and in foreign countries, because of the relationship between the medical system and insurance, insurance capital will invest in hospitals and holding, the two major insurance groups mentioned by President Ji'er are not only famous in the United States, but even have a number of medical group shares." Zheng Fan's statement even made Ye Qian feel that there was nowhere to find it when he stepped on the iron shoes.
"Medical group?"
The blonde girl Ji'er is not sure about Zheng Fan's explanation to Ye Qian.
Prior to this, although Ji'er considered that Zheng Fan used the capital market to expand the banking system, she didn't realize that he had the intention of acquiring hospitals.
"If the insurance group has a large amount of capital, will it be difficult to swallow it in the dollar index futures?" Although Ruan Yuan understood what was going on, she still couldn't help but be a little worried.
"The difficulty will definitely be, if what President Ji'er said is true, the two insurance groups have a position in the long position of the US dollar index futures, reaching 6 million hands, which shows how strong their financial strength is, you know, even if we do 50 times the leverage, more than 3 billion dollars into the market, but only open 1.5 million hand positions, and the current investment of the two insurance groups, has exceeded our starting capital by more than four times." Zheng Fan said with a faint smile.
Several other traders in the proprietary department not only find it difficult to understand the leapfrog thinking of the medical group, but also have a secret sigh for Ji'er's information channels.
At least before that, including Zheng Fan, everyone in the proprietary department of Tatfook Bank did not know the absolute main movement of international gold spot and US dollar index futures.
However, at the critical juncture of the continuous trading of the two markets, I felt that Zheng Fan paid more attention to the two insurance groups, and everyone had no time to analyze the Japanese group funds.
"If you choose to start with the two major insurance groups, now is an opportunity, although the large number of positions can reflect the strength from one side, but in the state of falling dollar index futures, holding a large number of long positions, it also shows that the pressure will be quite large, have invested so much, whether the follow-up funds can keep up, is the key in the key." Ji Er said with a little deep meaning.
"If the two major insurance groups can be defeated so easily, I am afraid they will not develop to such a large size, standing in the industry for so many years, one thing I am sure of is that in the case of having invested so much money, the two major insurance groups will continue to gamble, the more at this critical juncture, the large group will give full play to its heritage and strength." Zheng Fan grinned sinisterly.
"Do you still want to attack the two insurance groups, knowing that there are tigers in the mountains and biasing towards the tigers?" Ye Qian, who knew a little about Zheng Fan, secretly guessed in her heart.
"Don't dig the bottom of the Japanese group funds, make an offer, pay attention to the linkage between the US dollar index futures and the international gold spot, in terms of operation, we must give priority to the US dollar index futures to do." Zheng Fan's expression gradually calmed down, and he commanded everyone.
"To get timely information, I have to use the telephone and fax machine in the self-management department." Looking at the group of traders, the mobile phones confiscated by Zheng Fan, Ji'er made a request.
"Yes, but I want to know, where does your source come from?" Zheng Fan asked with interest.
"Even if you are good at being a news channel, no one can guarantee the authenticity and effectiveness of all news, especially if you operate across markets, which makes it more difficult to get news." Ji'er said with a straight face.
"I naturally understand this, if I guess correctly, your news is mainly from the Chicago Board of Trade, right? After all, you used to be the president of Citibank's Chicago branch, and as an important trading center for bulk agricultural products in the United States, the Chicago Board of Trade is far from being a regional market, and even has a profound impact on global commodity trading. Zheng Fan guessed with deep eyes.
"At the moment, I can only rely on the contacts I have accumulated in the past to obtain some information, and if I want to expand the news channels, Dafu Bank must have capital that can be really valued." The meaning of the blonde girl Ji'er is very obvious, and at this time, it is difficult to count on the family's news channels for Dafu Bank.
"Ye Qian, go call."
Zheng Fan smiled faintly, nodded in understanding, and immediately informed Ye Qian.
In Zheng Fan's view, although Ji'er Stillman's family background is not simple, it is far from the point where he can count on it, not to mention that the Stillman family has no absolute control in the United States, and Ji'er, as a female member of the family, has very limited status and influence, otherwise she would not have come to Dafu Bank to be the president.
"The U.S. dollar index futures contract has seen a significant rebound, and there has been a trend of regaining its foothold at $97, and the international gold spot is quite weak after the failure to pull up, returning to $289." Seeing that the exchange between Zheng Fan and Ji Er was over, Ji Keying hurriedly made a report.
"What do you think of the dollar index?"
Zheng Fan asked everyone in the self-operated department, obviously to expand his thinking.
"If the two major insurance groups really hold more than six million long positions, they will continue to maintain the futures price, and it is even more dangerous to use 50 times the leverage, the limit is about 2%, with the decline rate of today's dollar index futures, a slight inadvertent decline will cause the risk of liquidation for the two major insurance groups." Harry, a white man, hesitated.
"If I am at the helm, instead of trying to maintain the dollar index, it is better to hedge and adjust positions, so that even if the market trend is out of control, it can hold on for a longer time and not be crushed immediately." Erica, who is in charge of the general services department, obviously thinks differently from Harry.
"Large institutions to do the market, whether it is beneficial or not, or for the sake of capital activity, or for market liquidity, and risk management, will be adjusted to positions and accounts, but even if the two insurance groups do this, it is difficult to make up for the loss of funds in the account, you know, the important part of the reversal of the position, is the settlement of funds, if in the perspective of risk management, cut off a part of the position on the dangerous account, although it is a knife cut off the tumor, but the meat can not grow immediately." Zheng Fan's eyes narrowed slightly.
"What does the boss mean is that if the two insurance groups collapse, the best way to reduce losses is to make the rebound higher?" Liu Mingxuan, who knows a lot about commodities, seems to realize something.
"Judging from the overall state of today's disk, the U.S. dollar index futures of the 98 Academy of Fine Arts, the two insurance groups are completely unable to play, under the intensive artillery fire, the stubborn defense of the front line is also a futile increase in losses, since the top is not good, then you can only go below to play, but before that, the two insurance groups need to make some adjustments and responses to the violent decline that the market has just come out of, whether it is a reversal, or an adjustment of the layout, the future price needs to have a decent reversal, seize this point to attack them." Zheng Fan's right hand suddenly clenched into a fist, and his tone and expression gave people a sense of fierceness.
"Now the intraday pressure on the dollar index futures is very heavy, even if the futures price reaches 97, the rebound is less than $0.5, if it goes up again, if you want to break through $97, I am afraid it will be very difficult." Luo Hong wasn't sure, and just expressed her opinion.
"The previous wave of decline is not small, this rebound, even if it can't rush through $97 immediately, I believe that the two major insurance groups will not give up, less than $0.5 space, simply can't recover losses, to reach the basis of position adjustment." Zheng Fan had already discovered that the U.S. dollar index futures were blocked below $97.
"Now even the international gold price has fallen, coupled with the pressure of the US dollar index futures disk, if you want to rush over 97 US dollars, you must increase the volume, and then work harder, if the two major insurance groups really launch in this position, we can just take the opportunity to enter the market, and then kill them by surprise, which can not only consume each other's funds, but also relatively increase the holding cost of the two major insurance groups." Harry, a white man at this time, still has some confidence in the self-operated funds of Tafu's bank.
Unlike the early $3 billion at the time of the initial entry, after a centralized operation, the amount of funds that Daifuku Bank can use now is more than $5 billion.
"If the position adjustment is not successful, but is hit, I believe that the pace of the two major insurance groups, will be completely disrupted, even if its strength is strong, in a short period of time to mobilize a huge amount of funds, it is not easy, when the time comes, once the dollar index futures fall again, they will have less room to turn, the tighter the rope, plus the pressure of the entire market, even if it can not be eaten a sentence, it can also cause a heavy blow." Erica is already prepared for the next operation.
(The second update will be sent.) )