Delivery orders, ranging from a million dollars to tens of millions of dollars, rushed into the foreign exchange market like war beasts, and a torrent of funds poured in.
The exchange rate of offshore soft currency against the U.S. dollar began to rise rapidly.
6.8900…
…
6.8000…
…
6.7500……
Suddenly, the transaction volume soared by US$200 billion, and the index continued to recover from today's decline.
Almost instantly, foreign exchange fell by -3.5% and rose by 3 percentage points.
The current decline is only -0.5%.
The short sellers had no time to react and could only watch as their accounts went from a gain or loss of 70 to 80 percentage points, then suddenly jumped to a few percentage points in an instant.
And there are countless people whose positions were liquidated instantly and were forced to be liquidated.
The reason why there is a myth of sudden wealth in the foreign exchange market is because of the high leverage.
Taking the most popular tiger software in China as an example, you can apply for 100 times leverage for an amount of less than $4,000 in principal.
Two thousand is the deposit and two thousand is the operating capital. The actual funds that can be used are US$200,000.
The profit of one percentage point is US$20,000, but it also needs to bear the risk caused by market exchange rate fluctuations, and the error tolerance rate is only 0.07%.
Four thousand dollars was lost by accident.
With a transaction volume of more than 200 billion US dollars, Lu Beifeng may have used only tens of billions of funds, or even less.
Brokerages are not open to charity. If the account loses more than 70% of the principal, this is their forced liquidation line.
Forced liquidation will cause an increase in buy orders in the market, which will further lead to an increase in the exchange rate.
A sudden increase of 3% is enough to clean out a number of small banks with insufficient leverage.
Sudden wealth is also a sudden loss.
Unless funds are injected later, the subsequent market conditions have nothing to do with them.
Nowadays, all those who survive are speculators with large funds. The average leverage is about 2-20 times, and the fault tolerance rate is 5-50%.
An increase of 3% is not enough for them to liquidate their positions, not to mention that some of them are already profitable.
The short sellers reacted and immediately mobilized large funds to launch a more violent counterattack.
This bad trend must be suppressed. There is no reason to spit out the money that was originally received. Once the main bull's funds are taken, the exchange rate will instantly reach 7.
They can also flee with their wealth and repeat the glorious record of yesterday's victory.
Liu Jian frowned and shouted: "Prepare funds, provide assistance at any time, and investigate who is entering the market."
They don't dare to take the initiative because they are worried about this happening.
The next moment, the assistant handed over the phone and said: "Mr. Liu, someone is looking for you!"
"No answer!"
Liu Jian looked solemn, mobilized all traders, and said without looking back: "Didn't you see that I was busy?"
The assistant whispered: "It's Mr. Lu Beifeng from Dixing Investment!"
"Lu Beifeng?"
Liu Jian suddenly turned around,
Look at the fluctuations in the exchange rate market.
Picking up the phone in a stride, unable to restrain the anger in his heart, he said in a deep voice: "Lu Beifeng, what do you want to do? Don't you know the current economic situation in the country?"
Lu Beifeng knew the pressure the other party was facing.
Because from a certain level, Bank of China is shouldering the burden for them, resisting foreign investment and buying enough time for the property market to reform.
He was not angry, but chuckled and said: "Brother Liu, you are old, so don't be too angry, you may have a heart attack easily."
Then he explained the reason: "We have just signed a $300 billion custody contract with Tessa."
"300 billion? Which Tessa?"
Liu Jian was suddenly a little confused. Why didn't he know about such a big deal like 300 billion US dollars?
Lu Beifeng patiently explained: "It's that wealthy sand country."
"Why?" Liu Jian asked.
Lu Beifeng chuckled: "I can't say."
He could guarantee that Liu Jian didn't even know about the property market plan and only received the order to protect 7 yuan.
Liu Jian is also half a member of the system. He knows that there are some things that cannot be said, so he cannot continue to ask.
Taking a look at the market exchange rate, during their conversation, the exchange rate fell to -1.25%. Although the buy orders continued, the short sellers were undoubtedly more aggressive.
Liu Jian asked: "What are you going to do?"
"First we worked hard to get to 6.5, then we left one after another and stabilized at 6.65."
Lu Beifeng must make a clear explanation to Liu Jian, lest both parties leave the market together, and the sell orders surge and the exchange rate plummets, causing everything done before to become in vain.
Liu Jian said angrily: "Let us take over."
He instantly understood Lu Beifeng's plan. Lu Beifeng planned to make a fortune and leave, but he did not intend to give up too much of the benefits, so he let them take the rear.
Lu Beifeng smiled and said: "The stability of your rice bowl is greater than the profit. My funds are still of great use."
Liu Jian did not hesitate: "Okay."
First, it raised trillions of soft sister coins, and then another 300 billion U.S. dollars.
The silence from the outside world in the past two days made him realize that Lu Beifeng definitely had big plans for the future.
Perhaps it’s the property market at the center of the storm…
Liu Jian was suddenly startled by his own association. The more he thought about it, the deeper the connection between these things became. He hurriedly shook his head and drove this idea out of his mind. He kept thinking silently in his heart that he would not be in charge if he was not in his position...
When it comes to the property market, things get serious.
Liu Jian looked at the fluctuations in the exchange rate and suddenly felt very at ease and very lucky. Fortunately, during this period, he had something to be busy with.
Once the property market begins to change, the interests of countless people will inevitably be affected.
As the general manager of Bank of China Investment, Liu Jian has a huge amount of funds in his hands and is also responsible for investments. It is inevitable that he will be asked for assistance.
It would be okay if he didn't know, but if he knew, he would have to choose to take sides when someone came to his door. Now he can just refuse everyone's request without any excuse, until the matter is settled.
Foreign exchange market,
The bulls are weak and losing ground.
In the blink of an eye, it reached 6.9500 again, and the short sellers were so proud that they began to sharpen their knives against the pigs and sheep.
As long as the exchange rate touches the 7 yuan mark, they will immediately flee with their huge wealth.
With the precedent of previous raids, at this critical moment, everyone is on full alert, paying attention to market trends at all times to avoid further counterattacks by bulls.
When a huge wave of funds comes, short sellers have already prepared countermeasures, orderly selling sell orders to offset delivery, and maintain the stability of the exchange rate.
Although big funds can control the direction of the market to a certain extent, achieving complete victory requires the help of small investors, and escaping from the market also requires the support of small investors.
Xiaosan is the financial market,
The most indispensable part.
Due to the raid a few minutes ago, they lost countless small traders from the same camp, and had to use more funds to suppress the rising trend of the exchange rate and continue the downward trend.
In order to increase the survival rate of the small groups who join again, they will never let the bulls succeed in the raid.
Two consecutive simple and crude operating styles, as well as being in the Chinese market, reminded them of a man who had disappeared from the financial market for several months and the lifelong enemy of Wall Street institutions: Lu Beifeng.
The opponent is definitely entering the scene!
However, they were not afraid at all. Instead, they became even more excited and ordered their subordinates to increase their investment in funds, eager to prove themselves in this battle.
The economic foundation of China is the property market.
Turbulence in the property market means turbulence in the economy.
This is an indisputable fact, and it is also a stubborn problem that cannot be solved in a short period of time. It is because of this that they have the confidence to short soft sister coins.
Another huge flood of funds is coming.
"Jia Li, let the news get out."
Lu Beifeng chuckled.
three waves of offensive,
They respectively spent US$50 billion, US$70 billion, and the last wave of US$100 billion.
There is a saying that after all these years in the financial industry, he has never been so wealthy.
As the old saying goes, if you are poor, you can use tactics to intersperse, if you are rich, you can cover it with firepower.
It's a pity that Xiao Sa returned to China early, otherwise he would have been designated to have Lao Zhou take him to the Magic City Nightclub for some fun.
Shen Xinyi had already edited text messages for Lu Beifeng's personal media account and said softly: "Mr. Lu, Assistant Zhang has been promoted. My name is Shen Xinyi."
Lu Beifeng shook his head and laughed: "I'm sorry, Assistant Shen, I'm used to it."
"It's out of the way."
Shen Xinyi is smiling.
Only today did she know why there was a political review process for interviewing assistants.
After all, transactions involving hundreds of billions of dollars are common, and even checking the family background of three generations of ancestors is necessary.
－－－－－－Digression－－－－－
Additional update, not finished yet, will be posted together tomorrow.