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Chapter 704 Win! (+6)

Profit-seeking capital, fierce hedging, and no compromise in the financial market. If you dare to show weakness, your opponents will dare to kill them all. Therefore, retreat is not necessarily retreat. It is the right way to take advantage of the victory and pursue the enemy with courage.

The shorts retreated and the bulls intended to compromise, which instead led the market to enter a new round of fighting.

"6.91! 6.91!"

"One million contracts!"

"Two million!"

"3000000!"

The traders are constantly making offers, and now everyone is using the most concise words. Through the changes in the data, Lei Hao can also see the development of the situation.

It's very simple. If your opponent shows cowardice, why don't you chase him? Are you kidding me? The opponent will definitely counterattack.

However, after fighting back, the short sellers discovered to their surprise that the bulls still retained their strength.

"They probably won't have a lot of money."

"It may also attract us to release energy."

"But there is a chance, what about the research institute? Why can't we see the latest analysis data?"

The bears almost went crazy. In this case, they also had a choice between attacking and not attacking, but not attacking would be equivalent to increasing the difficulty of subsequent attacks, so they only hesitated a little before launching an attack.

However, we are not stupid. We are all financial practitioners, and who doesn’t know that profit is king? If the bulls pretend to compromise and grab chips, the shorts will be very passive.

The blame is still on the mistake of showing off one's fear a moment ago, but there are ways to come back, for example... we also pretended to be shy.

In short, psychological games are everywhere, and this battle has now become white-hot, and victory may be decided at any time.

At this time, the onlookers were all confused. Only a small group of people at the top could understand part of the fight. However, only the central bank and the bulls like Lei Hao knew that their original capital was only 20 billion US dollars. Everyone else thought that the bulls At least 30 billion has been used, and there should be a lot of funds on hand.

Time is passing, and every time the second hand jumps, it represents dozens or millions of dollars of hedging. It is just the handling fee, and institutions such as HSBC and Keda are making a lot of money.

"10 million! 10 million contracts!"

"6.9174! Ray, it's 6.9174 now!"

Slowly, night fell, and no one from Thunder, LEI, Keda, and HSBC had time to have dinner. Even after working all day, everyone was still extremely excited.

At 22 o'clock, the early trading in North America overlapped with the afternoon trading in Europe, and the most intense period of currency market fluctuations came. However, today, everyone was focused on the RMB foreign exchange market, and everyone was frightened by this tragic fight.

"Put it up, there are a lot of buying orders! They don't dare to follow! They absolutely don't dare to follow!" Lei Hao still had a lot of funds in his hand that could be put up to buy, but he had to use it now.

If the limit leverage is 100 times, Lei Hao's current leverage is almost 43 times.

But now is the decisive moment. It is impossible for your opponent to give in when you place a large number of buying orders. The hedging behavior will continue. Whoever cannot withstand it first will lose.

Lei Hao now doesn't know whether he has more funds than the other party, nor does he know where and where the market's waiting funds will participate. But he knows very well that if his analysis is not wrong, at this moment, the current price, and now The position is the best time to start the final decisive battle.

"OK!"

"We're going to win."

"Anyway, what I want to say is, Lei, I have the urge to jump to LEI."

"This is so fucking exciting."

Traders and traders from Ketak, HSBC, Standard Chartered and Prudential were very excited.

Outsiders don’t know, how can we, as bulls, still not know our own financial situation? Lei Hao's decision to start a decisive battle now is almost the most extreme approach. If the short sellers cannot be frightened, then everyone will just wait to die.

"Ray, good luck to you."

The foreigners who believed in God all crossed themselves on their chests. Just as they expected, when the bulls showed their intention to fight decisively, the bears immediately retreated.

In the office, Lei Hao's palms became slightly sweaty as he watched the RMB exchange rate regain the 6.9 mark as scheduled and head towards 6.85.

This is a competition for pricing power. Financial institutions have done a lot of work around this word, and in the end the winner takes all.

As long as the price you think is recognized by the market and compromised by your opponent, you will win.

The volume energy of 6.9-6.85 exploded in a blowout style. The short sellers felt that they could defend in this range, but the surging buying, coupled with time constraints, the shadow of the Central Bank of China and their existing book profits held back their minds.

It was originally a great opportunity for the appreciation of the U.S. dollar and China's financial marketization. It was originally a great opportunity for the mainstream market to be bearish on the renminbi and for North American institutions to take advantage of the situation to achieve political goals. It was supposed to be a sure win.

What now? Now the People's Bank of China has not done much, and has just given out tens of billions of yuan in reverse repurchases. China's foreign exchange reserves have only been reduced by a small amount. Needless to say, the political purpose has completely failed.

What about profits? If you admit defeat, there will still be profits on the books, but the profits will not be much. The biggest piece of meat will be transferred to their own books by guys like the Thunder and LEI.

Don’t admit defeat? Who knows how much money the bulls still have! The fight up to this point has not only been about strength, but also will.

"Nick, Europe is about to close in the afternoon, isn't it? I want you to spread the news, tell us about our grab for chips, and exaggerate it! Tell the short sellers that we have a lot of chips!"

"In the early trading in North America, tell the financial media through your channels that we can win, and send out the data that should be shown to them."

"The opponents are not united, and the opponents are not as mentally strong as we imagined. Give them a reason to admit defeat!"

"Be exaggerated, be determined, or even... be arrogant, and we can win!" Lei Hao said into the microphone.

The top people in the financial industry ignore relevant media platforms because they don’t need them, but why do people still give these people standard treatment? This is the reason. Sometimes, the miserable media platform in the financial industry is just a mouthpiece. If everyone needs it, they can use it to shout. If they don’t need it, they can just stay there to cool down.

Now Lei Hao needs this, he needs to tell his opponent: I have a lot of chips.

I even deceived my opponent: my capital has not even been used.

So... In this case, when the exchange rate reaches 6.85, the short sellers will be entangled. Continue to hedge. Wouldn't it give you an opportunity to build a position? No, how much money do you have?

And when Lei Hao gave up breaking through 6.85, his excuse was perfect. I didn't have many chips. I had to get enough chips at 6.85 before I would be willing to attack.

The most important thing is that all of Lei Hao's operations and transaction records from yesterday afternoon to today have evidence. Once these information are disclosed, the short sellers' remaining will to resist may directly dissipate.

He has been trained like a dog, why should he be beaten? Look at the bulls, they haven't even used much of their principal, so admitting defeat now doesn't count as admitting defeat... right? After all, the bulls don’t have much chips.

True or false, Lei Hao wanted to mix the real data with personal information. He also knew that his opponents would know, but as long as one of the short sellers retreated, the battle would be considered a victory.

"Exchange your own operations for a chance to win, and you will retreat." Lei Hao breathed out softly.

Just as Lei Hao thought, when the data was "leaked", the entire market was silent for a moment, and then the capacity shrank and the short sellers retreated.

A sudden but natural victory, the RMB exchange rate stabilized at 6.85, and three hours had passed since Lei Hao launched the decisive battle.

After the silence, there was excitement.

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