Indulge in Life in America

Chapter 1684: Pound crash

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The biggest feature of fat fingers is that it is difficult to predict. This kind of market is sudden and there is no trace at all. No one can predict which trader will hit a zero in the next second by mistake or trigger a huge amount of reverse operation. Sell ​​orders.

But if there is no trace to be found, those old drivers who are well versed in financial market routines, such as Allen, will unconsciously lick their lips.

"You are as naive as the media outside~" Alan has a Big Mac burger in his left hand, with a huge crescent gap on it, which must be a good thing for his big mouth, and his right hand is holding a thick fries and dipped in a milkshake for a second A clock, two boxes of French fries that have been emptied on his desk.

Listening to Alan's complaints, Yang Cheng directly retorted, "I beg you to be your own person, you can't stand the pig!"

"In fact, the pig will not die, I will~"

"Why have I not seen this miracle after having known each other for so many years?"

Allen reluctantly put down the burger, just fries one by one, "Speaking of business, you should know that fat fingers are an excuse behind the scenes."

While Yang Cheng lowered his head in thought, Allen quickly picked up the most of the hamburger and took a bite. There was still sauce and half a slice of pickled cucumber at the corner of his mouth.

He said vaguely, "Throughout the famous'fat finger' market several times, most of them are when the overall market is relatively light, such as when the market is trimmed in the middle and the transaction volume is relatively small. Basins of water may have the effect of huge waves.

Also, don't you think that every time a fat finger appears, it is a tacit understanding of the big market trend? And the direction is generally consistent with the general trend. Since the UK announced the Brexit referendum, the pound exchange rate against the US dollar has been in a downward state. Seeing that it will reach the bottom and the downward trend will come to an abrupt end, fat fingers suddenly appeared. It is not surprising. ?

Of course, this flash crash of the pound sterling did not achieve the worst impact, completely because of the wrong time and did not achieve the effect of market panic follow-up. "

Yang Cheng nodded, "You're right. Fat fingers are often just an excuse for people not finding the reason for the skyrocketing and falling. Whether it is really a misoperation or whether it was intentional at all is difficult to define."

Speaking of this, he suddenly had a meal and asked in a playful tone, "Did you hear any news when you said this? Or noticed something?"

Allen smiled mysteriously. "Today, the pound fell 6.1%, the lowest point in 30 years. The level of horror is no less than the Swiss franc incident last year, but you know the reasons for the Swiss franc incident, don’t you think Is it a bit like this crash of the pound sterling?"

Hearing that, Yang Cheng's mind suddenly popped out what Joe Lewis had said to him, he seemed to be not very optimistic about the national currency~

But he wondered, does Joe Lewis have such a big energy? At that time, he wanted to pull himself into the group, not to find himself to share the pressure?

"Quickly tell, what news have you received? Someone really short the British pound maliciously? Just like Soros did?"

Allen gazed at the burger and swallowed. God knows why he is not greasy after eating tens of thousands of burgers in his life. There is a freshness that he hasn't eaten for a long time. It is as puzzling as this flash crash of the pound sterling.

"There are definitely factors for malicious shorting, but it has not reached the level of Soros that year. Although the pound plummeted from 1.26 to 1.1819 this morning, it quickly recovered to around 1.24."

Yang Cheng wondered, "Is it related to the U.S. dollar in this way? The Fed is basically determined to raise interest rates, and some markets are not optimistic about the British economy. The risk sentiment has increased."

Before he finished speaking, Allen shook his head vigorously to retort, "No, no, even if the dollar rebounds, even if the prospect of Brexit is negative, it will not be enough to make the pound crash instantly. The reason behind it is too complicated, I don’t know. , But my instinct tells me that this is definitely not an accident."

Yang Cheng is still trying to rely on the reason in an unexpected direction, "Is it possible that electronic trading is caused? Especially when algorithmic trading is becoming more and more popular today, when the market is thin and the trading volume is small, this type of trading may Will trigger automatic trading.

Moreover, this time the market lacks the support of fundamentals. The European and American markets are closed at the time, and the market liquidity is insufficient. If it is artificial, we will never pick a time to attack. "

Allen smiled and wiped his hands on his clothes casually. Yang Cheng, who looked sloppy, frowned and took the guy.

After wiping, he picked up the ipad and faced the screen, "Look, with the flash crash of the British pound, the gold market has also fallen by more than 6%, and several forces are smashing orders frantically, and they have made a lot of money~"

The ipad, worth $799, was thrown off the screen by Allen.

Yang Cheng was stunned, "You mean someone throws a fat finger to make a profit in the gold market?"

"It's not difficult to understand, isn't it?" Allen picked up the hamburger again and gnawed.

"Who is it? The reason why he took so much trouble, can I understand that he himself does not have enough confidence and strength to directly short the pound?"

Allen pondered, "It's possible~ As for who it is, I really don't know~www.wuxiaspot.com~ There are too many lunatics in this world."

Yang Cheng sighed, "I see~"

"I am also calling you to remind you that we can increase investment in the UK during this period of time. Such opportunities for bargaining are rare."

"Do you have any good suggestions? The UK housing market has always been stable~"

"I don't do business. Anyway, I need to convert into purchases in British pounds. You can do it now~"

"I see, thanks buddy~"

Allen lifted the burger and motioned, "This is my job, I'm hanging up, I'm going to eat~"

The screen and Yang Cheng's face went black at the same time, so forget it!

Quickly tapped his finger on the table a few times, and shouted at the door, "Is anyone?"

A maid opened the door and came in, "Master~"

"Tell Carson to come to the study and squeeze me a glass of juice. It's a little bit cooler, thank you!"

"Good master, come right away~"

A few minutes later, Carson knocked on the door with the juice, "Master, the guest is gone~"

"Hmm~ the contract is over?"

"Thomas is very cautious and went back to the lawyer with the contract~"

Yang Cheng didn't take it seriously, "Yes, you can just keep your eyes on this. How much money is needed go to the manor account first~"

"Understand~"

"One more thing, do you know that the pound crashed this morning?"

Carson was taken aback, then solemnly bowed and apologized, "Master sorry, this is my negligence~"

Yang Cheng took a sip of the juice, and the refreshing feeling filled his forehead, "It's okay, I didn't see it, pay attention to the price of gold, I want to save a batch of gold~"

Carson was about to agree, but was choked, "Uh~Master, are you talking about physical gold?"

Yang Cheng patted the table and stood up, "Yes! Gold bars! Contact the major banks in London and say that Beihai Manor wants to buy a batch of gold bars!"

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