What news are you paying most attention to in the international foreign exchange market today?
The G10 summit being held in Rome!
In August this year, North American President Richard Nixon announced that he would suspend the exchange of U.S. dollars with gold and impose a 10% surtax on all goods entering North America to alleviate North America's deficit and high foreign debt problems.
The international foreign exchange market has become a turbulent situation. No one knows what North America is planning, but one thing is certain. In the eyes of international speculators, such a decision has successfully curbed North America's international trade deficit.
shortcomings and the problem of high foreign debt.
This also caused those who were preparing to short the US dollar before this to lose their pants and the international financial speculators.
But the matter is not over yet, everyone is waiting, waiting for North America to announce the liberalization of the exchange of U.S. dollars and gold.
This involves the Bretton Woods system, which is regarded as a treasure by countless financial experts. The vast majority of financial experts in the world highly praise this financial system and believe that the current situation is only a temporary predicament, and that North America cannot
This matter will give up the hegemony of the US dollar in international finance.
Therefore, both individuals and countries believe that North America will eventually liberalize the exchange of U.S. dollars and gold.
But no one knows exactly when.
But everyone thinks that this G10 summit is a very good opportunity.
So whether it is heads of state, financial speculators, or investors, they are all paying attention to this conference.
Hearing Linda's evaluation of Chu Huan, Kelly couldn't agree with it at this time.
After the conversation last night, Kelly learned that Chu Huan is a very observant person. Can such a person really not understand the current international situation?
How could you risk everything to buy Mark?
"Oh, I originally wanted to chat with Mr. Chu Huan yesterday and remind him, but I didn't expect that Mr. Chu Huan had something else to do!" Linda said with some disappointment: "By the way, Kelly, today
If you see Mr. Chu Huan, remember to remind him that even if you want to buy Mark, you should buy less."
Kelly said: "But the deal was completed yesterday afternoon!"
Linda sighed, and then said easily: "Forget it, let's do this for now!"
Just when Kelly wanted to agree, she found that the noisy environment in the office suddenly became quiet. Even Linda, who was preaching to her just now, now set her sights in another direction.
There was a big-head TV hanging there. What was playing just now was ordinary financial news. Not many people paid attention to it, but just now, an urgent piece of content was suddenly inserted on the TV screen.
"Just now, representatives from North America and the Federal Republic of Germany who attended the G10 summit announced at the same time that the mark appreciated by 12% against the US dollar..."
Linda's eyes were wide open, and she turned to look at Kelly mechanically.
Confirming to Kelly with some trembling: "How many marks did Chu Huan buy?"
Kelly was also extremely shocked. After a while, she replied: "U.S.$250,000 with ten times leverage, buy all Marks!"
Linda blurted out: "In other words, Chu Huan has made 300,000 US dollars in one night!"
Kelly said in a daze: "It seems like this!"
Both of them work at American Express. Whether it is US$250,000 or US$300,000, in fact, in their eyes, it is just a small sum.
The daily transaction amount of American Express far exceeds this amount.
What really shocked them was that Chu Huan's attack was so steady and ruthless.
Normal leverage in the foreign exchange market requires almost 20% of the existing margin, but Chu Huan is very amateurish and uses all his funds to leverage ten times.
And it's still at this turbulent time, which is why Linda has never been optimistic about Chu Huan.
But the result now is that Chu Huan bought it yesterday. Today at the G10 summit, North America and the Federal Republic of Germany jointly announced the news of the appreciation of the mark against the US dollar.
How could this not surprise them?
"Do you think Chu Huan has received some rumors?" Linda still couldn't believe the fact in front of her.
Kelly shook her head and said, "It's impossible. Not to mention Chu Huan, even those at the top might not know about this kind of thing, right?"
"Then how come Chu Huan is so successful?" Linda asked.
Kelly thought for a moment and said, "Maybe it's just luck!"
A very unprofessional comment, but one that Linda agreed with.
Because they couldn't think of any other possibility besides good luck.
"This kind of luck is incredible!" Linda laughed to herself.
The same is true for Kelly. She earned 300,000 US dollars in one night, which can pay off all her student loans and buy herself a very nice apartment in Manhattan, where land is at a premium.
Even so, there is still plenty left.
Thinking of this, Kelly felt a little bit of envy in her heart, envious of Chu Huan's good luck.
"If Chu Huan makes any big move next, he must be persuaded!" Linda said to Kelly again.
Kelly looked at Linda in confusion.
"It's stupid. A novice like Chu Huan has encountered such a big gain when he first entered the foreign exchange market. He must be very excited and may even think that the foreign exchange market is just like this. But the more times like this, the easier it is to make mistakes." Linda
explained.
Kelly sighed at Chu Huan's ability. After more than ten minutes of conversation, Linda was so considerate of him. At the same time, she also felt that what Linda said made sense.
At this moment, the phone on Kelly's desk rang.
After Kelly found out that the other party was Chu Huan, she immediately said excitedly: "It was just announced at the G10 summit..."
Chu Huan on the other end of the phone said in a calm tone: "I already know. With ten times the leverage of the funds in hand, I entered the futures market and bought all gold!"
At this time, the principal in Chu Huan's hand has reached 550,000 US dollars, which is of course the equivalent value of 550,000 US dollars in marks, with a tenfold leverage of 5.5 million US dollars.
After Chu Huan finished speaking, he did not get an immediate response from Kelly.
At this time, Kelly was also looking at Linda in shock, because Linda's prediction about Chu Huan was correct. After Chu Huan made his first shot in the foreign exchange market, he actually wanted to switch to the futures market and buy gold?
In two completely different markets, can Chu Huan continue to maintain his good luck?
"Is there a problem?"
Chu Huan didn't get an answer from Kelly, so she could only continue to ask in an aggravated tone.
"Ah Huan, whether it is the futures market or the foreign exchange market, the situation is uncertain now. Wouldn't it be too bold to invest in it all at once?"
Following Linda's instructions, Kelly suggested to Chu Huan.
How could Chu Huan have time to listen to Kelly writing here, but because these things require Kelly's hand, Chu Huan could only suppress his anxiety and said: "I know all this, but don't worry, in my heart
If you know it, just handle it as I say!"
Kelly looked up at Linda, who nodded helplessly.
"I understand, I'll help you run it now!"
Kelly could only say this.
Then Chu Huan hung up the phone, Linda sighed and said: "Forget it, what is not yours is not yours after all. It is not a bad thing to let Chu Huan suffer a little loss at this time."