The SNB's statement was like a timely rain, which quieted the speculative money in the turmoil across Europe. Pen, fun, pavilion www. biquge。 infoThe vast majority of them choose to sign exchange rate forward contracts with brokers, and then continue to operate with the funds on hand in the European capital markets to maximize profits.

There are also some funds that endure the pain of cutting meat and choose to convert into dollars and leave the market directly. Naturally, these funds are scarce.

Naturally, all this is in Zhong Shi's calculations, and the greedy side of human nature is clearly displayed at this moment.

If they were able to stop the desire in their hearts at this time, they would not have lost more in the next month. But this flaw of human nature is something that few people can overcome, so they are greeted only by greater tragedy.

A month later, the SNB officially announced that it would remove the EUR/CHF exchange rate floor of 1.20 and reduce the interest rate to minus 0.75 percentage points, while the SNB said that setting a floor was no longer a reasonable approach.

This means that the SNB will no longer cover the hot money exchange rate of the market, and will no longer protect Switzerland's import and export industry!

The black swan event has erupted, and the promises made by politicians are no longer valid!

At this point, Jongshi's whole plan was completely revealed: first, to stir up the whole of Europe, so that speculative money from all over the world poured into Europe. Then use the European QE to hit the speculative funds hard first, and then use the Swiss franc to make up for the final blow if they still refuse to stop.

Two series of heavy blows, no matter how much money has the ability to avoid risks, it may be difficult to bear.

As soon as the news of the Swiss National Bank was announced, it immediately caused violent fluctuations in the global market: first, the exchange rate from the Swiss franc to the euro, from 1.2 Swiss francs to 1 euro in one minute was hit to 1.14 Swiss francs to 1 euro, the violent fluctuations in the market triggered a large number of closing orders, and the trading orders to stop falling were constantly sent to brokers, and a large number of sell orders flooded the entire market. But they sadly found that no matter what price they placed their stop loss, the result at the moment was that the market had no counterparties and was extremely illiquid.

Two minutes later, the euro fell to 1 against the Swiss franc, i.e. 1 euro to 1 Swiss franc. The Swiss franc appreciated wildly, by more than 16.67% in just two minutes.

Five minutes later, the price of the Swiss franc against the euro rose to 0.8, that is, 0.8 Swiss francs to 1 euro, a sharp increase of 33.33% in five minutes, a fluctuation of this magnitude that is very rare in the entire history of world currency.

But all this is still not over, the Swiss franc is still soaring wildly, because the stop-loss orders are frequent, the operation of the program cannot be stopped like an avalanche, and finally it is not until the huge increase of 41% that the Swiss franc stops rising under the influx of funds to grab the rebound.

In these five minutes, there were no Swiss franc sellers in the market, only buyers constantly giving orders to buy, but unfortunately, they could not buy a penny of Swiss francs in the entire market around the world.

One thought of heaven, one thought of hell.

Brokers such as Alpari, Elfos, FXPRO, GlobalBrokersnzLtd and others in the UK went bankrupt in these five minutes. Their position was huge, which directly led to a liquidation, and the money owed could no longer be repaid with the company's assets, so in the following days, the inland declared bankruptcy one after another.

Not only them, but many large institutions, including Barclays Bank and Deutsche Bank, also lost hundreds of millions of dollars in assets in these few minutes.

The Swiss franc riots affected not only these two currencies, but also the euro against the dollar. At the same time as the Swiss franc skyrocketed, the euro also pulled a long black candle against the dollar, breaking directly through the 1.16 mark. From 1.4 before the QE to 1.16 now, the euro has fallen by more than 17%.

But that's not everything about capital markets. Within minutes, U.S. Treasury and gold futures soared, as did German interest rate futures. While the market is frantically buying the Swiss franc, it is also frantically looking for a safe-haven outlet. Because Switzerland is a country with a very high degree of connection with gold, and gold futures are one of the most important assets for safe-haven purposes, the price of gold rose by as much as $10 in 20 minutes, up by $28 throughout the day, and jumped directly to the level of $1,278 per ounce the next day.

Stock indices are falling in Switzerland, indices in Europe are falling, yields on European bonds are falling, the dollar is rising, and gold futures are rising...... The decision of the SNB involved changes in the vast majority of markets.

In the following trading hours, the Swiss franc began to adjust slowly, and many institutions began to sell the Swiss franc on hand, because the 40% increase was too good for them, and soon the Swiss franc began to fall against the euro. But even then, in the end, the Swiss franc rose by more than 20% against the euro on this day, and by more than 5% the next day.

All this has almost wiped out speculative funds in the euro.

The first is forward contracts, which have skyrocketed by more than 20% almost means that they will not be able to fulfill the contract from the broker, and the broker may have gone bankrupt. The second is those who set stop-loss orders, although they have been precautionary, in extreme market conditions they simply cannot find a counterparty and can only watch the Swiss franc skyrocket, and the end result means that they have to buy the Swiss franc at a premium of at least 20%, which is almost unacceptable.

The Swiss franc is completely out of line, and the euro is also falling by nearly 20% against the dollar, which means that no matter how much they make in the interest rate market, they will lose it completely, and they will lose more. Because if you don't close the position now, the downward trend of the euro against the dollar is still endless, which means that the subsequent losses will be more and more.

According to later statistics, speculative funds left at least 80 billion euros in Europe in this wave of market, and this does not include the over-the-counter market.

Many hedge funds have been liquidated one after another, with the ambition of making a big profit in Europe, only to lose so much that the funds can no longer be sustained.

This includes well-known hedge funds such as Everest Capital and Odd Capital.

The most bizarre thing is that even if these hedge funds are completely finished, none of them attribute this matter to Zhong Shi, but think that it is a complete "black swan" event.

After this series of fluctuations, hedge funds have completely lost interest in Europe, and of course there are reasons for their disappointment. Since then, Europe has finally gained a precious respite, and there is no such thing as a "bond crisis".

"Happy working together!"

After the last phone call with the female prime minister, Zhong Shi put down the microphone with a relaxed expression on his face, and he finally completed his cooperation with the European government.

Ivana on the side looked at him with a complicated face, suddenly stood up, waved her hand at him and Jiangshan in a chic manner, and walked away.

"This ...... That's it? ”

Jiang Shan was dumbfounded, and hurriedly stood up, wanting to say something, but he couldn't say anything for a while, so he could only stomp his feet in a hurry.

Although he has coveted Ivana, after getting along with each other during this time, he has a bit of a colleague friendship. Seeing Ivana leave without even saying hello, he was so distraught that he kept looking at Zhong Shi, hoping that he would say something.

"Forget it, let her go!"

Although Zhong Shi also felt quite surprised in his heart, he was not as nostalgic and reluctant as Jiang Shan, he just glanced at Ivana's back lightly, and said lightly, "Now it's okay, there will be no one around us to monitor all the time." ”

For Ivana, Zhong Shi didn't think anything wrong. However, as soon as she appeared, Zhong Shi felt uncomfortable, which was determined by his whimsical personality. Ivana also seems to know this, so she can't wait to leave at this time.

"Alas......"

In the end, Jiang Shan sighed, but chose to remain silent and no longer make senseless reservations.

"By the way, there is a kind of charity dinner held by the Hong Kong government, you should have made a lot of money recently, it's time to consider donating to the society!"

After groping on the desk for a long time, Zhong Shi suddenly found a charity dinner held tonight, and immediately moved in his heart, picked up the invitation card and teased Jiang Shan, "I heard that there are beautiful women at this kind of dinner, you should go and see it, and dismiss it." Maybe you'll forget about Ivana tonight. ”

"Not interested!"

Jiang Shan pursed his lips, looking uninterested, but soon his eyes lit up, he stood up and snatched the invitation card from Zhong Shi's hand, looked at it carefully for a long time, and suddenly a smile appeared on his face.

"What's wrong?"

Zhong Shi couldn't help but ask curiously, "Why did you change your mind?" ”

"Hey, hey, Miss Luo Xin'er will attend this dinner, I must go and see it!"

Jiang Shan smiled, pointed to the name of the invitation card and said, "This is my goddess, how can there be a lack of me where there is a goddess?" Hehe, this time I want to thank you, without you, I don't know how to meet my goddess! ”

"What did she do?"

Looking at the appearance of Jiangshan's pig brother, Zhong Shi couldn't help but feel a little funny in his heart, and was also a little curious, "Is it a celebrity or a star?" Why haven't I heard of it? ”

"Your level is too high, how could such a star fall into your eyes?"

Jiang Shan shook his head helplessly, "Miss Luo Xin'er is the most popular jade star now, she won the title of Queen of the Academy Awards with the movie "Women Should Be Self-Improvement", and she is the youngest and most beautiful one to win this award. Now that she's popular all over Asia, it's said that she'll be making it to Hollywood soon! ”

"It's just a star, is it worth it?"

Zhong Shi was a little disdainful, "It's not that you don't know what the entertainment industry is like, can anyone be alone in this kind of big dye vat?" What childishness! ”

Jiangshan has completely lost the appearance of an elite in the financial world, and has completely become a brainless star-chaser, and Zhong Shi feels angry and funny when he sees it in his eyes.

"No, no, no, this woman is completely different from other female stars!"

Hearing Zhong Shi slandering the "goddess" in his heart, Jiang Shan suddenly became anxious, and hurriedly defended, "This Luo Xin'er is really different from other female stars, you must know that she grew up in a housing village and has a poor family, but she is very ambitious." At the beginning, he entered the University of Hong Kong as one of the top 10% in Hong Kong. If it weren't for taking care of her family, her grades would have been able to go to the UK to study. After graduation, her first job was as an assistant in a law firm, and later she was discovered by a talent scout when she was shopping, and tried to act in the debut film "Women Should Be Self-Improvement", which became an instant hit. It is said that now Li Ergongzi is pursuing her, do you say that you can let others get involved? ”

"Really?"

Zhong Shihu glanced at Jiang Shan suspiciously, but he didn't have too many ideas, but when he heard the name "Li Er Gongzi", he suddenly moved in his heart and said, "I'm going to this charity gala!" ”

"Aren't you interested?"

Jiang Shan was a little anxious at this time, "Could it be that you are also for this Luo Xin'er?" No, weren't you just uninterested? ”

"Don't worry, this card can bring people in!"

Regarding Jiangshan's reaction, Zhong Shi was speechless. (To be continued.) )