Chapter 265: Just in time
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Ye Qian returned to the self-management department, nodded to Zheng Fan, and signaled that the matter had been completed.
"Give me an estimate of the amount of money we have at our disposal at the moment."
Zheng Fan sat in front of the computer in the corner, logged on to the New York Mercantile Exchange, and kept browsing the public information.
"Previously, we held 1.5 billion shares of New York Life, and the profit from the transfer to AIG was about 9.75 billion US dollars, plus the 25.8 billion US dollars of available funds on the current books, the total amount of funds reached the level of 35.55 billion US dollars." Ye Qian said with a handle in her hand.
"Let's talk about the status of international gold spot first."
Zheng Fan leaned back in his chair a little and raised his head to Keika Yoshii, who had already taken out his cigar and trimmed it.
"Since the last time the Japanese funds failed to make international gold, the whole market has been in a weak balance adjustment, and now the international gold spot price, roughly around 288 US dollars, there is no obvious trend change." Liu Mingxuan was not even sure in his heart whether the Japanese funds had completely given up admitting compensation and left.
It's just that in front of the Japanese girl Keika Yoshii, Liu Mingxuan did not deeply analyze the mentality and trends of the Japanese group organization.
Although Zheng Fan asked Yoshii Huixiang to participate in the company's affairs, everyone did not object, but when it came to the operation of the self-operated department to spy on the Japanese group organization, everyone instinctively guarded against Japanese girls.
"In the past, the international gold spot was operated by your Japanese group organization, what do you think about this matter?" Zheng Fan asked the Japanese girl with a big grin.
"Come to think of it, even if the international gold spot volume is huge and the trading is very active, once the super main force enters, it will be difficult to turn around." Eika Yoshii smiled calmly.
"Do you know anything about international crude oil futures?"
Zheng Fan seemed to be absent-minded and asked, but Ye Qian secretly said that the real purpose was coming.
"International crude oil futures are divided into U.S. crude oil and European crude oil, and now it seems that U.S. crude oil should be more popular with investors, among which the U.S. low-sulfur light crude oil contract is doing better, but I don't know why the boss asked about this trading variety?" Liu Mingxuan looked at the time, and couldn't help but realize the possibility of making a plate in the morning.
"Go on."
Zheng Fan took the cigar handed by Keika Yoshii and lit it, as if everyone was involved.
"Now the margin required by international crude oil, with the amount of funds and qualifications of our Dafu Bank, there is no problem at all to achieve five percent, taking US low-sulfur light crude oil as an example, each lot of crude oil contract is equivalent to 1,000 barrels, and the minimum price change unit is 0.01 US dollars." Liu Mingxuan was slightly surprised, obviously because he had not prepared well before.
"If you want to trade U.S. crude oil, there is one thing that needs to be paid special attention to, that is, the trading hours of the New York Mercantile Exchange, which are different from some major commodities in the world, the trading hours of crude oil futures on the New York Mercantile Exchange are divided into two periods: open auction on the floor and electronic trading." Erica, the Minister of Integrated Services, reminded at the right time.
"Yes, the open auction time is 9:45 a.m. ~ 3:10 p.m., and the trading session of the electronic disk is to start trading at 4 p.m. and end at 8 a.m. the next day, which refers to New York time, and now in October, daylight saving time has ended, and there is no time difference between New York and Hong Kong by one hour. While Liu Mingxuan added, he couldn't help but look at his watch again.
"No wonder I chose the morning of the Hong Kong session, it turned out that I wanted to catch up with the electronic disk at night in New York." Ji'er was also visibly conscious.
"In order to ensure the safety of the operation, I didn't mention this trading variety before, let's enter the U.S. crude oil first, I guess there is not much time for you to do your homework, Ruan Yuan, put everyone's communication tools up and down." Zheng Fan smiled at the female lawyer.
Although Zheng Fan didn't stipulate too much, everyone, including Ji'er, knew that from now until the end of the operation, I am afraid that no one would be able to take a step in the self-camp department.
"I made an appointment for a meeting of bank directors ......"
Ji'er was a little helpless, obviously she didn't expect this to be such a situation.
"Call to notify you of the cancellation, if you are energetic, you can change it to the evening, by the way, tell the restaurant to prepare the lunch box you need to eat at noon, so it can be more convenient." Zheng Fan said with a playful smile.
"Lunch box~~~ Doesn't the boss eat it?"
Ji Er only felt that this was not like Zheng Fan's style.
"Well, I forgot to tell you, the food I brought from home." Zheng Fan nodded thoughtfully, making a few people twitch.
"I can't do that much now."
Luo Hong was the first to react, hurriedly checked the international crude oil market, and quickly sorted out the public information in an orderly manner.
"The medium-term trend of international crude oil has come out of an upward pattern, from $13 in 94 to early October this year, reaching $21.5, and recently it has obviously risen and fallen, and has seen a short-term head, just less than ten days of effort, there has been a decline of $2, and it is now at $19.43." Liu Mingxuan observed the crude oil trend of the computer, and was not very sure about the trend of the operation.
"From $13 to $21.5, it seems to have risen a lot, but it took three years, the trend is quite slow, from the current situation, if you can determine that it is a more important head, follow the trend to continue to short oil prices, it is a choice." Although Luo Hong said so, he felt that in a state that had been adjusted for more than ten trading days, it would be difficult to take the initiative to continue to short.
"Erica, what do you think?"
Zheng Fan took a puff of his cigar and asked with a smile at the short-haired woman.
"If you trade U.S. crude oil, before considering long and short, I think you should have a detailed understanding of the trading situation, boss, although we have succeeded in attacking US dollar index futures and international gold spot a while ago, I think Tatfook Bank is not fully ready for the operation of international commodities." The short-haired woman Erica's statement surprised Luo Hong slightly.
"As a strategic resource, the fluctuation of international oil prices has always affected the nerves of the global economy, and it is precisely because of the important position of oil that its price is quite sensitive to news, and the fluctuation factors are complex. With Zheng Fan's permission, Erica continued.
Zheng Fan just smiled slightly, as if he acquiesced in the complexity of international oil prices, and he didn't look too anxious.
"Not only that, the changes in supply and demand caused by the global economic fundamentals, the appreciation of the dollar due to the improvement of the overall strength of the United States, the increase or decrease of production by OPEC according to its own financial situation, financial speculation, and political factors in the Middle East, etc., will make the market's judgment of crude oil price trends like a fog." Until this time, Liu Mingxuan had to admit that although he specialized in commodities, there was still a gap between him and Erica.
"According to the New York time, the open auction time of 9:45 a.m. ~ 3:10 p.m. has passed, and we have no representatives of the market, and we have not participated in the open bidding. Erica took a deep breath, looking particularly cautious.
In fact, not only Erica, but also Ji'er, everyone in the self-management department looked at each other and didn't have much confidence.
Although Zheng Fan's situation is not clear, among the traders present, there is no international crude oil futures investment expert, and it is even more difficult to determine the changes in oil prices.
"Ye Qian, help you open the international crude oil futures account of the New York Mercantile Exchange, since you don't have any confidence, you can only work hard as a boss." After Zheng Fan yawned, his eyes couldn't help but open a little.
"This must have been prepared for a long time."
Hearing Zheng Fan's preparations, even Ji'er couldn't help but feel nervous.
"Boss, the decline in oil prices on the electronic disk is still relatively fast, it seems to have undertaken the recent decline, a slight acceleration of the phenomenon, and the short position in the spot delivery month is very large, and the short atmosphere in the market seems to be very strong." Luo Hong realized that Zheng Fan had made up his mind, so he had no choice but to make a preliminary offer.
"The trend of the dollar index in the past two days is also okay, showing a recovery upward trend, which may put continued pressure on oil prices." Liu Mingxuan followed and reminded Zheng Fan.
"At present, the U.S. low-sulfur light crude oil delivery month contract is at $19.33 a barrel, and the intraday selling pressure seems to be starting to intensify." Ji Keying only felt that after observing the international crude oil situation, oil prices soon began to move.
"The market seems to be dominated by bearish forces, although it is not so obvious, but there should be large institutions shorting short-term oil prices." Ye Qian thought secretly in her heart, and only felt that Zheng Fan chose international crude oil as the target of operation at this time, it must not be a whim, maybe he had been secretly staring at it for a long time.
"Just now, you also briefly read the public information of the New York Mercantile Exchange, and talk about your feelings and views on international crude oil." Zheng Fan clasped his hands to his lips as if praying.
"Generally speaking, it is still bearish, in the past two years, OPEC member oil production has seen a blowout growth, which has put pressure on the medium-term trend of oil prices, coupled with the report more than ten days ago, Venezuela as a member of the production increase representative, crude oil production from 2.2 million barrels per day in 1992, a large increase to 3 million barrels in 96 years now, the extent of such production growth, is simply scary!" Liu Mingxuan was slightly worried and glanced at Zheng Fan.
"Not only that, I don't know if you have noticed, a few days ago there was a factor that could not be ignored to suppress oil prices, that is, El Niño, some experts analyzed, the world is suffering from the test of El Niño, predicting that this year's autumn and winter in the northern hemisphere will be warmer than before, which is likely to limit the market's demand for heating fuel." The situation presented by Erica seems even fresher.
(The first one will be delivered, and there will be a little later.) )