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Chapter 505 West Coast!(1/2)

An hour after Hu Lai called Prince Salbi, it was the last 28 hours until the Neon Kingdom launched its operation.

Wall Street.

This is the most intensive trading time on Wall Street. The entire New York Stock Exchange trading hall is already crowded with people, and everyone is paying attention to the latest trend of crude oil.

Not only the trading scene of the New York Stock Exchange, but also the capital consortia in various buildings on Wall Street are watching the trend of crude oil all the time. At this stage, crude oil trading has become a carnival feast for the global capital market.

At this point, we must briefly explain basic financial knowledge.

In the eyes of ordinary people, the big financial groups in the financial market, such as Goldman Sachs, Morgan and other top financial groups, hold billions or tens of billions of dollars. Isn't it easy for them to make money in the capital market?!

But in fact, after reaching a certain size in the financial market, there are fewer and fewer types of speculation that large financial groups can participate in.

The most important reason why large consortiums rarely participate in stock transactions in the secondary market is that most listed companies are too small, with a daily trading volume of only one or two billion.

The same is true for some futures commodities that are less actively traded, that is, have little price fluctuations, such as steel, coal, apples and other futures products.

For a consortium with billions or tens of billions of dollars in hand, there is no room for buying a trading product with a daily trading volume of 100 to 200 million, or it is difficult to realize it quickly after buying. This is what is said in the financial market.

——Insufficient liquidity.

So... facing the world's attention at this time, crude oil futures with daily trading volume reaching hundreds of billions of dollars, all the capital consortia can have fun!

Morgan Building.

"Jack, your coffee, what's going on with the crude oil now?"

"Thanks."

As the top crude oil futures trader of the Morgan consortium, Jack, the white man, took the coffee handed by his assistant, took a sip, and said with an extremely comfortable smile on his face:

"What else is going on? Of course it continues to rise!"

"Now that the outside world has determined that we will have a conflict with Yan Kingdom, many people can't wait for the results in 28 hours and have started to rush forward. Now the price of crude oil has exceeded 110 US dollars!"

"I've never had a better time in my life - we're about to win."

The assistant on the side also had a smile on his face.

"So Jack, is our take-profit target still $140?! But... now that it's rising so fast, I always feel like something is going to happen..."

"Haha, Huntelaar, you are too timid!"

"I tell you from the experience of a senior trader that you cannot make money in the financial market with this kind of mentality. When the opportunity comes, you must be ruthless and bite you like a wolf!"

After saying this, Jack, the top trader, picked up the coffee cup and took another sip. But at this moment, out of the corner of his eye, he saw the trend of crude oil on the computer screen suddenly drop.

A large short order appears.

Um?

It would be difficult to detect this kind of hit in the market without keeping an eye on the handicap information at all times. After a while, he couldn't help complaining:

"Oh...hell, who is selling at this time? Is it stupid to sell at this time?"

But before he could finish his words, large amounts of short orders began to appear on the market again.

Jack suddenly frowned. His many years of trading experience made him feel something unusual. But maybe it was just too smooth during this period, or maybe the logic of rising crude oil was so impeccable that he really couldn't imagine that crude oil would fall.

reason.

"It should be some profit-taking short orders..."

With a few words of comfort in his heart, Jack put the coffee cup aside and stared intently at the trends on the computer screen.

The sudden change in the trend of crude oil successfully caught Jack's attention, but fortunately, after a two-minute decline, the $110 crude oil finally stopped at the $105 mark.

The short orders slowed down, and then some funds on the market started to move, and the bulls were ready to counterattack again and stand at the position of 110 US dollars.

Seeing this, Jack breathed a heavy sigh of relief.

It’s no wonder that he is cautious. This time, the Morgan consortium has invested nearly 4.5 billion US dollars in long crude oil. With leverage, if you are not careful, you may lose everything!

However... his expression became relaxed. It seems that a certain consortium must have taken profits here.

"Huntelaar, I bet you that the price of crude oil will close at $110 today..."

As he spoke, Jack's voice stopped suddenly, and his eyes looking at the computer screen were full of disbelief!

"What Fu!ck?!"

I saw the price of crude oil on the screen rising slightly above 105 US dollars, and then suddenly plummeting!

That’s right! Straight dive!

A large number of short orders appeared like a tide, sweeping all the long orders on the market with lightning speed. The surging momentum was "I will sell you as many long orders as you want!"

$105!

102 US dollars!

$100!

$98 USD!

$95!

$90!

The integer mark of 100 US dollars was smashed directly like paper. The diving speed is getting faster and faster, and there is no tendency to ease at all!

It dropped 15% in just two minutes!

If this is coupled with ten times leverage, it will have fallen by 150%!

It’s going to be liquidated!

Jack didn't react at all, his eyes were cracked and his eyes were full of disbelief!

This...what exactly happened?!

"Quick... ask now what happened! Who is shorting!"

The assistant Huntelaar on the side was completely panicked at this time and had no idea what was going on. At this moment, another operator in the operation room suddenly shouted:

"Manager Jack, the RMB exchange rate has also changed. The RMB exchange rate has made a big comeback!"



the other side.

Yanguo Foreign Exchange Administration.

The fifth team responsible for stabilizing the RMB exchange rate is all on duty. At such a critical time point, everyone is nervous.

After a long confrontation, the remaining stable funds available to the Administration of Foreign Exchange have been exhausted. The current result is that although the RMB failed to hold the 7.1 mark, the two sides are also deadlocked at the 7.1 position.

For the members of the fifth team of the State Administration of Foreign Exchange, they have done their best.

but……

Next, Yanguo's RMB exchange rate has no official resistance and can only be completely adjusted by the market.

"Team leader, all the quota we have now has been used up..."

"As the situation becomes increasingly tense, the RMB exchange rate will undoubtedly come under greater pressure."

"Moreover, once we really have a conflict with North America after 28 hours, the RMB exchange rate will definitely face a greater downward depreciation... If we still can't get the funds, we can only watch the exchange rate fluctuate freely this time.

Got it!"

In the operation hall of the fifth team, Xiao Li, a foreign exchange operator with a sad look on his face, was reporting the latest situation to team leader Gao.

Why doesn't Lao Gao know the current situation?

He has urged the Forestry Bureau many times, but now the bank's reserves have dropped so much that they cannot drop any further!

Even Huijin and China National Financial have used the money that national teams can use to support foreign exchange and stabilize the exchange rate... Under the current situation, it is no longer possible to spend more money to stabilize the exchange rate...

Lao Gao shook his head and sighed heavily.

At this moment, as if to confirm what the operator Xiao Li said, the RMB exchange rate on the lobby screen began to fall slightly.

7.124,7.13,7.14,7.15……

In just one minute, the RMB exchange rate began to fluctuate significantly.

You know, as a country's currency exchange rate, the normal fluctuation in a day is within 0.5%, but the fluctuation in just tens of seconds has reached 0.5%, which shows how powerful the power of shorting RMB is now.

Xiao Li on the side was anxious.

"Team leader... we have to find a way!"

"If this continues, all our early work will be in vain, and the RMB exchange rate will be blown up by foreign investment!"

Lao Gao also looked livid. He clenched his fists and a feeling of powerlessness suddenly came to his heart.

Although he prides himself on having rich experience in the foreign exchange market, no matter how awesome his trading skills are, it’s hard to make a meal without straw!

Based on his many years of experience, the short side is about to gain momentum. Once it is discovered that there is no resistance, foreign capital will completely enter a no-man's land, and the situation will never be restored!

"Why……"

Lao Gao was already filled with despair, but at this moment, Xiao Li beside him suddenly shouted excitedly.
To be continued...
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