I just want to enjoy life

Chapter 375 383 Verbal Suppression, Gaining $1.4 Million

Lin Haocang asked the traders in charge of the operation to receive a bonus of 20 yuan each. Under the cheers of everyone, he went to his office, opened the trend charts of various foreign exchange varieties, and slowly read them.

Soon he was eyeing the USD/CAD chart.

Tonight, the Bank of Canada will announce interest rates. This is a major market, but before the big market comes, the market trend is very messy and chaotic.

No one can figure out how it will go tonight, maybe it will plummet, or it will skyrocket!
At this moment, no matter whether it is bulls or bears in the market, this kind of panic is brewing!
Both bulls and bears in the market are extremely greedy. This disk is a magic disk. The greed for money has made many gamblers and investors bet!
In the daily chart, USD/CAD has been fluctuating at a low level for a week, and USD/CAD is at 1.0260 at the moment!

But now is not the time to place an order, because it is not the best time to process.

Lin Haocang had no choice but to sit on the boss's chair and wait patiently.

Half an hour passed slowly, USD/CAD finally dropped 20 points to 1.0240, but Lin Haocang was not in a hurry!
He got up and got himself a glass of juice, waiting patiently for it to continue to fall.

Finally at 05:30 in the afternoon, USD/CAD fell again, down 15 points, to 1.0225. Lin Haocang is now starting to build a position. He is very careful, only 5000 lots at a time!

Time passed slowly, and he had done a total of 7 lots of USD/CAD. The average opening position was at 1.0230, and a fluctuation of one point was a profit or loss of 70 US dollars.

At this time, USD/CAD fell by 10 points to 1.0220, and Lin Haocang's account had a floating loss of US$700 million.

Feeling a little hungry, Lin Haocang left the office and returned home for dinner.

After dinner, Luo Xueqiong wanted to go out with Lin Haocang, but was stopped by his mother, "Luo Xueqiong, come back, you haven't finished your homework!"

"Oh, Mom, it's Friday today, I'll do it tomorrow!" Luo Xueqiong looked sad.

"Is it Friday today?" Luo Qingyan had some doubts on her face.

"Yeah, yes, today is Friday." As Luo Xueqiong pushed Lin Haocang out, he urged in a low voice, "Hurry up, hurry up"

"Wait, why do I remember it's Thursday!" Luo Qingyan quickly took out her phone to look at the date, and said sharply, "Come back here, today is Thursday!"

Luo Xueqiong stopped walking, and helplessly moved backward step by step, then fell down on the sofa and said embarrassingly: "Mom, today is Thursday, no wonder I'm so sleepy, I'll lie down for a while first."

After speaking, she lay lazily on the sofa, motionless.

Luo Qingyan immediately twisted Luo Xueqiong's ears, "I still want to be lazy!"

"Look at you lying!"

"Ouch, ouch, Mom, take it easy, you take it easy, it hurts, it hurts, Mom, take it easy." Luo Xueqiong immediately cheered up, and glanced at Lin Haocang complainingly.

Why didn't you just go faster!
Just walk fast, go out, turn off your phone, and you can play.

The thought of a pile of homework gave her a headache.

Lin Haocang had no choice but to leave the house alone, and soon he returned to Sky Capital.

When I came to the office, I opened the USD/CAD chart and saw that the USD/CAD had risen by 50 points.

From the position of 1.0220 to the position of 1.0270, Lin Haocang’s account has a floating profit of 40 points, with a total floating profit of 2800 million US dollars

Unexpectedly, after returning from a meal, there would be a floating profit of 2800 million US dollars in the account. Lin Haocang was in a good mood. It was only 7:55, and there were 5 minutes until 8:[-] pm, which was the time when the Bank of Canada announced its interest rate meeting!

Lin Haocang leaned leisurely on the boss chair, looking at the screen.

The closer it is to 8 o'clock, the more violent the fluctuations in the market will be!
The floating profit in Lin Haocang's account disappeared in a blink of an eye, but a lot of profit increased in the blink of an eye!

At 7:59, it dropped 70 points in seconds, falling to 1.0200. Lin Haocang's account had a floating loss of 30 points, with a total floating loss of 2100 million US dollars, which made Lin Haocang a little excited!
At this moment, the market is clouded with dark clouds, and the fight between long and short sides has entered a white-hot stage!

Finally the time fixed to 8 o'clock!

Bank of Canada announces interest rates!

Wall Street Journal: The Bank of Canada keeps the benchmark interest rate unchanged at 0.25%!

At this moment, the market did not respond!
What about the big deal?
It's gone?
This made Lin Haocang very puzzled!

5 minutes later, the Governor of the Bank of Canada held a press conference!
"The current global economic recovery is largely driven by rising domestic demand in many emerging market countries, supported by monetary and fiscal stimulus in developed countries and temporary measures to support the financial system."

However, the vitality of the Canadian economy has not improved compared with the January monetary policy report.

Driven by strong domestic demand and further recovery in exports, the Canadian economy grew at an annual rate of 09% in the fourth quarter of 5.The factors supporting Canada's economic recovery have remained largely unchanged, continuing to be stimulus policies, increased confidence, improved financial conditions, global economic growth, and improved terms of trade.At the same time, the continued strength of the Canadian dollar and the low absolute demand in the United States have significantly dragged down the vitality of the Canadian economy.

Canadian core inflation was a bit more stable than expected.The inflation outlook will continue to reflect strong domestic demand, weak wage growth and overall excess supply.

With the current inflation outlook unchanged, the Bank of Canada will maintain the current interest rate level until the end of the second quarter of 10 to achieve the inflation target. "

·
Lin Haocang couldn't understand what he was expressing, but from his second sentence, we can know that he is not optimistic about the improvement of the economy!
This statement is clear, it is to verbally suppress the Canadian dollar and depreciate the Canadian dollar!
This is bullish for USD/CAD!
As expected!

USD/CAD started to soar after the Bank of Canada Governor held a press conference!

Five minutes later, the USD/CAD surged 5 points, from 80 to 1.0200!

But its rising trend is not over, the bears in the market are completely defeated, and the bulls in the market continue to attack!

Soon USD/CAD broke through the 1.0300 position!

Lin Haocang's account had a floating profit of 70 points, and a total floating profit of 4900 million US dollars!

·
Today, the governor of the Bank of Canada verbally suppressed the Canadian dollar and let the Canadian dollar depreciate, which really killed many investors in the market!
·
USD/CAD is on the way up as time goes by!
Half an hour later, the USD/CAD surged another 100 points to reach the 1.0400 position!

Lin Haocang watched the profits in the account keep increasing, and felt so happy inside, he couldn't help but snapped his fingers lightly!
Ten minutes later, USD/CAD rose another 10 points, from 35 to 1.0400!

Lin Haocang saw that the USD/CAD rose too far, so he directly closed the 7 long positions in his account, causing the USD/CAD to drop by 10 points!

This time, his average closing position was at 1.0430, with a profit of 200 pips and a gain of $1.4 million!
The net value of the account is as high as 8.4 billion US dollars!
Today, Lin Haocang has withdrawn 4000 million US dollars, leaving a net worth of 8 million US dollars!
Soon the account received more than 3 million, plus the original 2 million, a total of more than 5 million, Lin Haocang transferred the ending of more than 1100 million to Luo Xueqiong's bank card.

(End of this chapter)