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Chapter 702: bloody (+4)
"The average is 6.8869, close to 50 times leverage. To reiterate, 50 times leverage, the real-time offshore exchange rate is 6.9081! 6.9081!"
The difference between bulls and shorts is that Keda, HSBC, Standard Chartered, Prudential, Qingyu and Hanlong submitted all the fund operation data to Lei Hao, and in the end it was Lei Hao who was directly in charge.
The overall capital is about to exceed 20 billion U.S. dollars. Thunder and LEI have 3 billion of their own. In addition, the central bank has secretly taken a bite and held 5 billion U.S. dollars, accounting for a quarter of the share. The rest are funds from various institutions.
Leo and Tao Liyu were not rookies either. They quickly integrated the data and directly linked the trading departments of several institutions through modern instruments. Although the orders still went through their respective accounts, channel sharing and data disclosure were already done. It's perfect.
Therefore, the base of 50 times leverage is 20 billion U.S. dollars. In other words, including regular market contracts, the leveraged agreement principal of all contracts reaches the trillions level.
For such a huge amount of money, 1% is a loss of 10 billion. However, due to the frantic attacks by short sellers on the exchange rate, when the exchange rate fell to 6.9081, Lei Hao's previous operation showed its effect, and he made 0.3%!
At the beginning, Lei Hao started short selling at 6.71 and cleared the position at 6.85. The agreement amount exceeded 10 billion US dollars. Other institutions started short selling at 6.81 and cleared the position around 6.85. The agreement finance was less than 8 billion US dollars.
In total, Lei Hao made just over 200 million in advance, while other institutions made less than 47 million, adding up to about 250 million.
However, today alone, Lei Hao tactically needs to compete with the short sellers for chips. Since 6.85, he has been grabbing chips from the short sellers, which is short selling, and it is a very costly short sale.
The overall short-selling price of Thunder, LEI, HSBC, Ketak, Standard Chartered, Prudential, Qingyu and Hanlong actually reached 6.8869. What will happen if the short-sellers do not come out to suppress the exchange rate? The bargaining chip in Lei Hao's hand will die here.
But now the short sellers have appeared, and the war is coming as expected. When the exchange rate falls below 6.8869, Lei Hao is equivalent to realizing a book profit of 3 billion!
The process was magical, so magical that it directly shocked all the traders from several other institutions, because everyone knew that Lei Hao's goal was to be bullish, and his strategic goal was to stabilize the exchange rate, absorb energy, and reap profits.
Is there any better situation than now?
To measure energy, short sellers appeared and a large number of short selling orders appeared.
If you need funds, how much funds can Lei Hao use now? The answer is more than 23 billion short-selling contracts with an agreed principal of one trillion.
The principal is 20 billion and the profit is 3.25 billion US dollars. However, don’t forget that the foreign exchange market is a T+0 operation. Lei Hao holds a large number of short-selling contracts on his books. In other words, when he closes these short-selling contracts, he also It’s equivalent to being bullish!
Moreover, by closing the contract and reaping the profits, the book principal position has increased. It was originally only 20 billion U.S. dollars. Now Lei Hao is going long, which is equivalent to holding 33.2 billion U.S. dollars.
The extra gains are not only profits, but also strategic power.
There are also disadvantages. Lei Hao grabs the chips from the short sellers, and the short sellers suppress the exchange rate. The extra chips he has are kidnapping the original bulls in the market. Otherwise... where will the short-selling hedge come from?
"Fortunately, when we were collecting money, we strangled some of the short sellers."
"At this time, wait-and-see funds will be very cautious, and the number of short and bullish funds closing their positions should not be far apart."
"But as long as one party shows signs of weakness, it can easily snowball into a flood-discharging posture."
Thinking of our own operations since yesterday afternoon, everyone has a fire in their hearts, trying to grab food from the tiger's mouth. It is so crucial to seize some chips from the opponent without the opponent knowing about it.
After all, the wait-and-see funds only participate in a small amount at the decisive moment, and Lei Hao's collection of chips is equivalent to accumulating strength, allowing these forces to fully explode here and now. This approach is likely to be the key point in determining victory or defeat.
"You have the Federal Reserve, and I have the Central Bank of China. If the Federal Reserve dares to be shameless, the Central Bank of China will dare to be shameless, and we are always at home." Listening to the sounds of various offers in the earbuds and watching the changes in the data on the screen, Lei Hao I felt very calm: "I still have advantages..."
"time!"
"Now the appreciation of the U.S. dollar is causing a shock wave. If the exchange rate is not suppressed in a short period of time, it is equivalent to the market at least recognizing these exchange rates. If we delay for a little time, and then want to suppress it further, the market psychology will not allow it!"
The appreciation of the US dollar and the depreciation of other currencies are quite easy to understand. However, it is impossible for a single appreciation to cause other currencies to continue to depreciate. There are always limitations.
Lei Hao's advantage is that he can now defend directly. The opponent has shifted from having a psychological advantage in the early stage to having a psychological disadvantage in the middle and late stages.
When you go short, you have to worry about whether others can defend it, and you also have to worry about the possible intervention by the Central Bank of China at any time. Your "parent" the Federal Reserve has finished its big move and is in a CD cooling state, and the Central Bank of China is still waiting there.
Therefore, the short sellers don't have many choices either to make a quick decision or to retreat.
More importantly, Lei Hao knew that the other party already had profit margins. The guys in North America decided to short the RMB earlier than anyone else. They started building positions very early, so they had book profits.
What if you can't break through 6.95 or touch 7.0? No matter what, retreat to 6.8, the short position may be enough to avoid losses on the book.
Who is losing money? It is those participants who have been tricked. The small and medium-sized institutions that follow the trend of short selling will cry without tears. Then there will be a large number of hedging contract positions. Companies that have increased the hedging ratio will also hand over part of their original profits.
This is the way the financial circle steals profits. Some people win and others cry. Everyone sets a model and reaps the money of the industry and the middle and lower classes.
At the moment of the decisive battle, many people are keeping their eyes on this side. The short sellers are undoubtedly prepared. Taking advantage of the appreciation of the US dollar and China's financial marketization, it will directly impact the exchange rate. Originally, it was also assisted by the collapse of the Chinese stock market.
However, what is unexpected is that China's stock market has been falling, but there is no sign of collapse. In the foreign exchange market, shocking things have also happened. No matter what level it is, the bulls have shown a behavior that is not inferior to the shorts. Strength.
I will take as many orders as you come in. If you don't sell the orders, I will let the exchange rate rise slowly one by one. The radical style actually has a heavy sense of opening and closing, which simply makes everyone stunned.
"Only 5 million contracts left!"
"3000000!"
"1000000!"
“The short position is completely closed!”
In the foreign exchange market, 100,000 U.S. dollars is generally regarded as one contract. Since the principal amount of the agreement is too large and the exchange rate changes are too small, people in the industry basically offer offers in many ways. One of them is to directly mention a few contracts, each contract representing 100,000 U.S. dollars. the amount of the agreement.
Lei Hao's position was calculated in "Zhang", which was 10 million. It was liquidated within half an hour, which was absolutely shocking. However, the trading volume was still blowing out, and the smell of blood permeated the entire market.
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