The Rebirth of the Financial Hegemon

"Chicago market, short selling 20 million..."

"London handicap, plus 30 million..."

"New York handicap, plus 20 million..."

"Singapore market, short selling is 30 million..."

"Singapore handicap, plus 60 million..."

"..."

Foreign exchange forward trading is an electronic round-the-clock transaction.

On the day when the Thai baht's defense line failed, the trading volume in the global forward contracts related to the Thai baht suddenly became extremely active.

Almost every moment, there are massive amounts of money moving in and out of the market.

In this case, how could Liu Qiang feel tired?

During the long-term trading, under the Chunchun education of the unscrupulous boss, Liu Qiang had already known that the battle in the market was basically a war.

In war, who will be tired?

The rapidly jumping numbers on the handicap represent uncountable U.S. dollars.

Under the stimulation of money, Liu Qiang's stimulated adrenaline spurts out unlimitedly.

The price of Thai baht is flying up and down.

Whenever Liu Qiang issues an order, the contract price related to the Thai baht will change dramatically.

That feeling, for a man, there is nothing more crazy in the world than this feeling.

On the market, the numbers on major forward contracts are jumping rapidly.

Chicago plate.

US dollar to Thai baht price, 1:25.841.

London plate.

US dollar to Thai baht price, 1:25.938.

New York buckle.

US dollar to Thai baht price, 1:25.926.

On the Singapore handicap.

US dollar to Thai baht price, 1:25.755.

Zhao Jiangchuan said.

In terms of trading, Liu Qiang's talent is very average.

He does not have super analytical skills, nor a keen sense of combat, nor the ability to unite the entire army.

Such Liu Qiang is not suitable to be the commander-in-chief of the armed forces.

But Liu Qiang is not without his advantages.

Diligence can make up for clumsiness.

Liu Qiangsheng is hardworking and serious enough.

He can command and disobey.

As long as it is Zhao Jiangchuan's order, he can execute it meticulously.

That alone.

Liu Qiang cannot be the person who unites the three armies, but he is enough to be a general who sits on one side.

As long as the baht exchange rate is above 26, buy it and use half of your short position to hedge your long position.

These are Zhao Jiangchuan's original words.

With Zhao Jiangchuan's words, Liu Qiang became the best executor.

In the four major forward markets, the price of the Thai baht has been fluctuating close to 26.

No matter how large the trading volume is in the market, the baht price is always firmly above 26.

As long as the price of the US dollar against the Thai baht reaches 1:26, Liu Qiang will issue a buy order.

As long as he takes in 50 million long positions, Liu Qiang will issue a short-selling lock-up order.

Jushi Capital’s total position size is increasing crazily.

So, some people are confused.

In other words, speculators who believe that the Thai baht has reached the point of collapse have a sense of confusion.

Isn’t the Bank of Thailand out of bullets? Why would anyone buy the Thai baht?

Bangkok, Bank of Thailand.

Bank president Sonny was also very confused.

As the top commander of BOT, Sonny is very aware of the pressure the Thai baht is currently facing.

Show the enemy weakness and lure them deeper.

The advice provided by Li Xianchong is good.

But international capital has no good prospects.

Deliberately opening up the Thai baht gap and allowing these capitals to attack, once BOT cannot hold the real bottom line, luring the enemy deeper will turn into opening the door to lure the wolves into the house.

By then, the Thai baht will become food in the mouths of sharks and flesh and blood under the teeth of wolves.

For this reason, Sonny has been worried.

Even with the strength of the British Empire, it cannot withstand the crazy devouring of international capital, and it is probably difficult for Thailand to really stop it now.

So Sonny had to listen to Li Xianchong's suggestion.

This is Thailand's only chance.

There is only one chance.

If we can attack all the beasts around us this time, we can knock back and kill those large and small funds that have evil intentions against the Thai baht.

Otherwise, everything will be over.

However, Sonny found that the power of international capital seemed to be weaker than expected.

This time, BOT is preparing to use its reserves of more than one billion US dollars to catch all the wolves in one fell swoop.

But even before the two billion was used up, 26's defense line was already maintained.

Except for the relatively heavy selling pressure faced by the current market, there is almost no major pressure in the forward market.

Especially the London, New York and Chicago markets.

BOT only spent less than 100 million US dollars, and the price of Thai baht has been maintained above 26.

Even in the Singapore market, the funds used by BOT do not exceed 200 million US dollars.

The buy orders in the forward market clearly indicate that other funds are also buying the Thai baht.

Could it be that Singapore came to help?

No, if Singapore takes action, Li Xianchong should say hello to me.

But if Singapore doesn’t take action, who will?

Or are we too pessimistic?

The Thai baht is not as bad as we thought.

On the Singapore handicap.

The price of the US dollar against the Thai baht is jumping up and down around 1:25.765.

This price is undoubtedly within BOT’s true bottom line.

However, the pressure on BOT is obviously not as severe as previously expected.

It can be seen from the market transactions that in addition to massive short selling, there is still a large amount of buying.

Moreover, the total amount bought is significantly greater than the total amount sold.

Otherwise, the price of the Thai baht should have been broken down by 1:26 long ago.

Compared with the one in July, the Thai baht's situation in the forward market seems to be much better this time.

There must be some unknown being who knows our plan.

Sonny had a sense of absurdity.

Even he himself felt that he would not buy the Thai baht at this time.

However, there are funds that help BOT accept a large number of selling orders in the market at all costs.

But Sonny didn't think any more of it.

After all, it is a good thing that someone buys Thai baht. Whether it is psychologically or actually, it is equivalent to doing BOT a favor.

Most importantly, Sonny didn't have time to think too much.

After all, the position size of the forward market is limited, and the real war is in the spot market.

....

Hong Kong, Standard Chartered Bank.

Foreign exchange spot trading department.

George King, the former president of Standard Chartered Asia and now the global president of Standard Chartered, is directing market operations in the central trading area.

George King's face had no expression.

But in his heart, it was extremely complicated.

In fact, George King's ability is no worse than that of some well-known fund managers in the world.

Others can see the crisis the Thai baht is currently facing, and so can George King.

Due to various factors, the collapse of the Thai baht is inevitable.

No one can save a building that is falling apart.

But in this case, he was transferred from New York to Hong Kong by the Supreme Commander.

There is only one mission, or one and a half.

Take all the selling of baht that Standard Chartered faces, and then lend the baht to those who want to borrow money.

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