City: No One Understands Finance Better Than Me
Chapter 18 The Four Major Banks Join Forces To Short! (Ask For Collection And Evaluation Of Flowers!
Also dropped a point!
Knowing that at this moment, Charlie began to react, and things seemed to be a little wrong.
The situation that was originally under control seemed to have undergone an unknown change, which made the heads of top European banks, including Charlie, feel a sense of danger.
It has to be said that, as the ultimate veteran who has been in the financial industry for many years, Charlie and others have a terrifying intuition beyond ordinary people when it comes to the troubles in the market.
Not right!
Charlie finally discovered the changes in the market. Although these 100,000 lots are not worth mentioning compared to the foreign exchange market, which can easily cost hundreds of billions of dollars, it shouldn't even have a splash.
Oh, there are splashes!
It's just that it's not the upward splash, but the downward.
What's more, these 100,000 lots are just an introduction. The real big head is the whole market's pursuit of bulls. How much is that?
But under this kind of power, the entire market actually did not advance but retreated. How much power is secretly shorting EUR/USD.
Who is sniping at the euro?
Just when Charlie was puzzled, the entire EUR/USD cross-section has changed dramatically.
Plunge!
That 100,000-lot long was indeed a primer, but it was not a primer for EUR/USD up, but the opposite, down.
The speed of this plunge is even more exaggerated than the speed of the rise just now. At this moment, there are constantly short orders appearing in the whole market. In just half an hour, EUR/USD has fallen from the highest position of 1.2698 by 40%. A point, came to 1.2658, and the castration is on the verge of falling below the entire support level of 1.2650.
Within 30 minutes, four of the world's top ten banks, including Citibank, started a frantic sniping against the euro/dollar.
JPMorgan Chase, Bank of America, Wells Fargo Bank, Citibank, and the four largest banks in the lighthouse country began to take action at the same time, and the bull market started to attack.
A million hands!
An entire short list of one million lots appeared in the market in an instant, almost completely crushing the remaining long positions.
And among this million-hand short list, in addition to the list ranging from 150,000 to 200,000 contributed by each of the four major banks, some well-informed small-capital investors, and some who rely solely on experience or those who want to give it a try Gambler-type investors have followed in the footsteps of the four major banks and joined the hunt for bulls.
After the million-handed empty list was smashed down, the sun line that was originally a pillar of sky was suddenly surrounded by shadows and turned into a short sun column with a long antenna.
As the market changed, Chu Ge's account also began to change, and each of the 124 short positions was now a surplus of $400.
124 short positions brought Chu Ge a full $49,600, and a floating profit of nearly $50,000.
And this was only temporary, because Chu Ge knew exactly what was going to happen next, so he could sleep so peacefully.
fall!
And yes, plunge!
What is now manifesting in the market is just the tip of the iceberg of this slump. It is destined that Chu Ge will be able to make money lying down today.
Another hour passed, and everything went according to the script, and the four major banks of the lighthouse began to frantically short EUR/USD.
However, after a brief period of surprise, many European banks, including Charlie, also responded and began to guard against it. They could not change the market trend that they had finally established.
Although it seems that there is no bank in Europe that can rank in the top ten in the world, and in the short list, except for Citibank, the four largest banks in the lighthouse country have all gone, and there is even JPMorgan Chase, which ranks higher than Citibank. .
However, although they can't fight one-on-one, they can fight as a group. Who told them to be large in number!
Moreover, besides the banks in Europe, a lot of funds have already entered the game at the moment. On the other hand, except for the four major banks and a very small number of people in the lighthouse country, almost no funds dare to get involved in this muddy water.
However, although there are a large number of European banks, the four major banks are, after all, the most capitalized existences in the world. Even in this case, there is still a gap in the amount of funds on both sides, but it is not very big.
With similar strength on both sides, the bulls and bears once again reached a balance, and EUR/USD began to oscillate downward at a very slow pace.
Although the speed is very slow, but after an hour, the euro / dollar fell another 13 points, has come to 1.2645 from 1.2658 an hour ago.
From the opening 1.2560, there is only a gap of more than 80 points left at this moment. Although it is still a lot, it gives confidence to the bears in the entire market.
Big Four Banks: Follow my rhythm, rush!
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