legendary trader

Chapter 306 307 Swiss franc appreciation is a long-term trend
On Monday afternoon, in the core trading room of Chaofan Investment, Chen Fan and Zheng Xiaopang sat in front of the computer and watched the new week's market trend of the Swiss franc.

Following last week's trend, the Swiss franc rose sharply after the opening of the market. The price once shot up to around 0.6980, and then began a slow correction.

Chen Fan has no plans to reduce his position if he has not crossed 0.7. Although the brightness of the Swiss franc has weakened a lot, there is still a faint light. Under this situation, Chen Fan knows in his heart that the Swiss franc still has room to rise. I am afraid that it is only 1 or 2 percentage points, and the corresponding profit is very considerable. However, after operating the Swiss franc this time, he also found that if he speculates in foreign exchange, his abilities are still relatively limited. He can only judge the approximate increase based on the brightness , but the fluctuation of the foreign exchange rate is generally not large. It is rare that the increase of the Swiss franc can be close to [-]%, unless there is a huge problem in the economy of a certain country.
The adjustment of the Swiss franc did not exceed Chen Fan's expectations. Until Tuesday night, the exchange rate of the Swiss franc fluctuated between 0.69 and 0.7 for more than a day, and was above 0.69 most of the time, showing a wait-and-see atmosphere in the market It is relatively strong, and the long-term momentum of rushing and fighting last weekend has disappeared.

At around 10 o'clock, Chen Fan called Zheng Xiaopang, "Let's go, it is estimated that this trend will continue until the data is released in the United States at 11 or 2 o'clock tomorrow night before there will be any change."

Zheng Xiaopang seemed to be reluctant to part with it, and sat there watching for a while before saying, "What do you think the market will do after the news is announced?"

Chen Fan stopped, looked back at Zheng Xiaopang and said with a smile, "Are you worried that there will be a market for seeing light and dying?"

Zheng Xiaopang tilted his head and thought for a while before saying: "You guess that the economic data of the United States may not be good, so you are bearish on the dollar and bullish on other currencies, but now we actually don't know what the data in the United States looks like. , if it is not good, the market may continue to rise, as you said, the Swiss franc will be 0.7 in the account, but what if the data is good? In case the development of the technology industry in the United States offsets the shrinking of the traditional industry and the data is good, the Swiss Will these currencies dive?"

Chen Fan turned around and came back to stand behind Zheng Xiaopang, "Are you still thinking of closing a little position first?"

"Everything is based on your guesses. I think it's better to reduce some positions first." Zheng Xiaopang said hesitantly.

"We don't have a full position right now. Our position is actually very small. You take the risk too seriously." Chen Fan looked at Zheng Xiaopang for a while before laughing: "The last time I spit out all the profits, it may be a blow to you." It’s a bit big, but it was actually just an accident, and I didn’t think the pullback would be so intense, don’t think too much, let’s go, it’s okay, everything is under control.”

The two went out one after the other, "By the way, I asked my wife to go around Europa, look at the products of the yacht companies over there, and choose one of them to order one first. You are too unreliable in doing things, it has been so long, It’s been half a year, and the yacht is still gone.”

"Which shipyards did Sister Ying go to?" Zheng Xiaopang asked curiously. In fact, he really forgot about it. At that time, he was thinking about oil. When he was watching the plane a while ago, he remembered, did he apply for the shipyard? After staying in the city for a long time, he forgot about the yacht again. Now that Chen Fan had arranged for Liu Ying to watch the boat, he wished to leave the matter behind.

"Her assistant looked for him, and contacted several shipyards in Apennines, France, and England. She said it was an old-fashioned manufacturer. I asked her to take a look first."

On Wednesday night, Chen Fan, Zheng Xiaopang, and Zhang Yang were sitting in the core trading room. Zhang Ping also came over today. He heard from Zhang Yang that the company had invested a huge amount of money in Swiss francs, and the outcome would be decided tonight, so he came over after get off work. up.

"It's been a few hours. Why is there no movement at all?" Zhang Ping doesn't come to the company often, and he hasn't paid attention to the financial market for a long time. However, he saw that the Swiss franc has been fluctuating around 0.6935, showing no signs of rising or falling. , Unconsciously, I was a little anxious. It stands to reason that as the data is released, there should be funds to enter the market to bet on the news.

Chen Fan and the others can understand Zhang Ping's meaning, "If the Swiss franc is still around 0.66 or 0.67, I guess there will be funds coming in to gamble at this time, but after the sharp drop in the dollar last weekend, speculative funds are afraid to enter the market. Time to bet on the rise? The market has been violently pushed up. Now if they come in to do long and push up the price, they are worried that they will become a taker. If you want to come in and go short, how much courage does it take."

"I thought that as soon as the news was announced, there would be hot money coming in to gamble. I didn't expect everyone to be afraid and dare not make a move." Zhang Ping shook his head and said.

"Then if you have funds, do you bet on the ups or downs?" Zhang Yang interjected and asked.

"Didn't Xiaofan say he was bullish on the Swiss franc? Of course he bet on the rise of the Swiss franc." Zhang Ping said flatly, "The stock gods will definitely be right when they see the market."

"Oh, well, your reason is very strong." Zhang Yang nodded and didn't know what to say.

"When will they release the data?" Chen Fan turned his head and asked Zheng Xiaopang in a low voice.

"It's around 10 o'clock. Depending on the progress of the press conference, it will usually be before 10:[-] p.m.," Zheng Xiaopang said. "There is no news yet. I will keep an eye on the news on the Internet."

Chen Fan nodded slightly, watching the Swiss franc slowly fall to 0.6931 on the disk. From the trend chart, the high point has gradually moved downward, and the rebound energy of the Swiss franc has dropped significantly.

The attenuation of Swiss franc's long-term energy has not affected Chen Fan. He is still very confident in the supernatural power he has obtained inexplicably. As for the three classmates around him, Chen Fan is too lazy to explain. The more he explains, the easier it is to make a mistake. It's better not to say anything and keep it a little mysterious.

His indifferent attitude has also had a little impact on Zheng Xiaopang and the others. Although the trend of the Swiss franc is very bad, one is that the data from the United States has not yet been released, and they still need to wait with peace of mind. This kid didn't seem to miss Fan's trust, so although Zheng Xiaopang was nervous, he still looked at the computer very quietly.

When the time reached 10 o'clock, Zheng Xiaopang began to refresh the news page constantly. This is the news website of NCN Television Network in the United States. As an important news media in the United States, NCN is the fastest to release the latest news.

Zheng Xiaopang would refresh the webpage almost every ten seconds, waiting for the release of the economic data from the United States, so that he could see the specific figures at the first time.

Although Chen Fan has always said that the market is actually the best source of information, there must be someone who will get the data one step ahead of them, and these people will carry out corresponding operations on the market, so as long as they see the fluctuation direction of the Swiss franc, they can guess the direction of the United States. What does the data roughly look like, whether it is bad or good, it will not be seen on the disk if it is not good or bad, because no one will participate if there is no opportunity.

The time quietly came to 10:0.6930, there was no abnormality in the disk, and the Swiss franc was also fluctuating around [-], everything was normal.

Zheng Xiaopang just refreshed the webpage, "No, it's already 10:[-] and they haven't come out yet. What the hell are the Americans doing?"

Zhang Ping also lost the excitement he had when he first arrived, and now he is a little bit less interested.

Only Chen Fan and Zhang Yang were still sitting there quietly, staring at the computer screen.

Suddenly, the Swiss franc jumped up sharply on the low trend line, 0.6934, and then jumped down sharply, 0.6928.

Seeing this, Chen Fan's heart skipped a beat for no reason, has the data been released?

Without thinking too much, Chen Fan shouted to Zheng Xiaopang: "Refresh continuously, the data may come out."

The sound disturbed the silent trading room, Zheng Xiaopang subconsciously clicked the mouse when he heard Chen Fan's words.

The Swiss franc jumped up and down in a very short period of time, and finally stabilized after fluctuating rapidly back and forth several times. However, the latest quotation of the Swiss franc at this time was 0.6941, but it only lasted for less than 1 minute. The trend line of the Swiss franc began to break through upwards up.

0.69450.69510.69630.6972
The price of the Swiss franc began to rise rapidly, and soon approached the recent high point, but the upward momentum did not mean to stop.

"It's coming out. There are a lot of data that haven't been updated yet. The brief report is that the unemployment rate has risen, and economic growth has shown signs of slowing down. The growth is concentrated in technology companies, and the traditional manufacturing industry is shrinking." Zheng Xiaopang is like a cannonball Quickly recounted the content of the news briefly.

"Okay, okay, the rise in the unemployment rate is enough. This is the basis for shorting the dollar." Chen Fan nodded. They are not good at analyzing economic data, but a rise in the unemployment rate is enough to give people bad feeling.

"It's already broken through the high point. Don't watch the news. The market has already reflected that the rice and yuan are bearish." Zhang Ping interjected at this moment, "It's already 0.6986, and it has already broken the high point of 0.6984."

"Xiaofan saw that it was above 0.7, so it should start now." Zhang Yang finally calmed down, and said cheerfully beside him.

"It's coming soon, it's 0.699, it's still a few points away. It's going to go up really fast." Zhang Ping was very excited and said very lively, "I said Xiaofan, it's 0.7, where are you going? Close the position and go out?"

"It's hard to say. It's really hard to comment on the national economy. It's something the bricks and beasts studied. They can't see through it. Everyone waits. If it doesn't rise, we will run away." Chen Fan didn't say much. The idea is that it is just operating according to the ability. Now the brightness has begun to weaken, and the increase will not exceed [-]%, but he is not sure where it will be for the time being.

The first time I looked at the Swiss franc was around 0.6622. Judging from the brightness, the increase in the Swiss franc was more than 7.3%. According to this number, it should be at least around 0.7, just to avoid talking to death and avoid my own The forecast is too accurate, that would be too shocking, so I have been talking about going to 0.7, but it would be a loss if it is really at [-], so Chen Fan will still plan to delay his appearance until the brightness disappears .

This round of rise in the Swiss franc exchange rate has risen all the way to around 0.7035 before it stops, which is another [-] point increase, but Zheng Xiaopang and Zhang Yang are very happy. As long as a position is established and the direction is right, it will be true. Counting money until my hands cramp.

Seeing the Swiss franc end its rise and start to pull back slowly, Zheng Xiaopang felt happy but still asked in a preparedness: "I said Xiaofan, shall we continue to hold it now?"

Now he stopped talking about closing the position, and instead asked whether he would continue to hold the position, which made people feel more at ease.

Chen Fan just smiled and nodded when he heard this, "The news just came out, and it may take some time for the price to rise. At least after the analysts come up with their reports, the market will price the Swiss franc. Have you noticed it? The Swiss franc is doing well, the other Europa currencies are not up much."

"What does that mean? Could Swiss Franc have used too much force?" Zheng Xiaopang didn't finish his sentence, worried that it would be bad if it came true.

Chen Fan waved his hand, "It's not a big problem. You've seen the situation of the Swiss franc. [-]% of the gold reserves, the currency value has always been stable. Compared with other currencies, I prefer to hold the Swiss franc."

After speaking, Chen Fan leaned back on the chair and looked at the three of Zheng Xiaopang and said, "I didn't know it at the beginning. After Xiaopang gave me the Swiss franc, I checked it and I feel that the currency policy of this country is not bad. If you are looking for a relatively stable currency, the Swiss franc is a good choice.”

"It was I who proposed it. I saw it on the analysis data. I recommend Swiss Franc and Mark." Zheng Xiaopang was not greedy for credit, and waved his hand after hearing what Chen Fan said, "The company didn't have much money at that time. I signed the contract before the money to buy the plane came out. I was so anxious, but this guy said he didn’t know what to do, it was boring. Of course, I found something for him to do, and just threw away the analysis data from the research department. Give it to him and let him choose the project."

Now that the Swiss franc has risen, and he has made a lot of money, Zheng Xiaopang is really relieved at the moment, and when he is in a relaxed mood, he will talk more, and Balabala starts to boast about his brilliance and martial arts.

Zhang Ping waved his hands after listening for a while, "Brother Fat, you know how good you are, so don't brag about it with us."

Turning his head and looking at Chen Fan again, he said, "I'm concerned about where Swiss Franc can go now. I've been working on this ticket for half a month. I'm going to serve some dim sum recently. Don't let the cooked duck fly away."

"To be honest, you can check the policies of the monetary authorities of those countries, and you will find the advantage of the Swiss franc. If the rice dollar hadn't had a special status, I don't think it is as competitive as the Swiss franc."

"His issuance system is really good. Compared with other currencies, the advantages are too obvious. To put it bluntly, in the future, the company's foreign exchange can be considered to be converted into Swiss francs for storage, not rice yuan. The randomness of that thing It’s too strong, and Lao Mi is also a big debtor, so it’s not troublesome to exchange it when needed.”

"You mean the Swiss franc can be invested for a long time?" Zheng Xiaopang noticed the key meaning, "This thing has the potential for long-term appreciation?"

Chen Fan stroked his chin for a while before nodding, "That's what it means."

(End of this chapter)