“I haven’t participated.”

Nan Yi: "What's wrong with perfume?"

"Girlfriend's."

Nanyi: "What kind of shelf life is very short?"

“Two days and five nights.”

Nan Yi: "If you learn bad things, you will learn good things."

"I will never leave Shangmei and will protect her for the rest of my life."

Nan Yi: "Tsk, the words are too gorgeous. I am a mouse in the gutter and I can't teach a cat. Don't pretend to be noble in front of me."

"Ba, my blood is thicker than water."

Nan Yi: "Nonsense, who knows who gave birth to you? Have you ever looked for it?"

"No."

Nan Yi: "It's better to look for it. Going to hell is a foregone conclusion. Let's see if it comes from heaven."

"Ba, are we bad guys?"

Nan Yi shrugged, "Who knows, I'm not a good person anyway."

"Ba, I'm moving."

Nan Jiajun saw that the numbers of the LCD screen began to change.

There were a large number of selling in the spot market. At the same time, the exchange rate level of the futures market fell one after another. It is hard to say which side affects which side. Almost all investors realized that this was the second attack by international hot money on the Thai baht after February.

The Thai Bank did not care about the abnormalities in the futures market and concentrated its efforts to cope with the huge pressure from the spot market selling. In the trading room of the Thai Bank, the phone ringing rings of one after another never stopped, and various commercial banks gathered to sell the quotations of the Thai baht.

The Thai bank must keep the Thai baht within the prescribed range. Maragari and his deputy governor Zheng called Li Jiapo, Xiang Jun and other allies. According to the agreement previously negotiated, traders from central banks in several regions appeared in the spot market and began to buy Thai baht.

At the same time, other senior executives of the Bank of Thailand called commercial banks and major media, denied that the Thai government had plans to expand the range of the fluctuations in the Thai baht and solemnly stated that it would definitely stabilize the exchange rate of the Thai baht.

However, at this time, the Thai baht price in the futures market had already broken through the scope stipulated by the Bank of Thailand, and the spot market also fell below the "26" limit.

As soon as the spot market shows a quote below "26", the Thai Bank immediately followed up and took it at the price of "26". In fact, he doesn't need to take action for the time being. Commercial banks that have already taken the peace of mind will naturally take action. The commercial banks can eat the Thai baht and sell it to the Thai Bank. They will not suffer any losses.

At noon, under the strong intervention of the "Thailand Alliance", the pressure on the spot market plummeted, and the Thai Bank had the heart to pay attention to the situation in the futures market. However, when Malaria Nuan learned of the instant quote, she almost threw it directly.

The spot market has finally maintained its lowest critical value of "26", and the futures market has been beaten to a loss, with a low of 26.93.

Marragher was deeply aware that the Siam nation was here. At the most dangerous time, he quickly ordered the trading team to raise the transaction price of the Thai baht contract and must withstand the pressure of the futures market. If the current/futures market is not synchronized, futures investors will choose to deliver due, and then sell at the spot price to earn the difference, which will still put huge pressure on the Thai baht.

The trading team laughed silently and bitterly. How could they not understand the truth? They had been physically and psychologically for a morning, so they could only drink some irritating drinks and continue to operate in SIMEX. One unit after another, they struggled to pull the Thai baht into the range. Finally, they fixed the Thai baht at "26.42" at the moment when SIMEX closed.

However, they can't get off work and rest, London LIFFE, Chicago IMM is still waiting for them to act as messengers of justice.

During the day in Asia, Thai banks alone sold more than 5 billion US dollars. Each trader received at least dozens of calls from commercial banks. Thanks to their spare time, the instant quotation of the Thai baht did not fall below the prescribed range, otherwise the spot market would collapse.

In the futures market, short sellers with a target amount of more than 1 billion US dollars have been added. This is just a market for SIMEX. It is still unknown how much short sell funds will be squeezed into LIFFE and IMM.

Zhao Shixian clapped his hands, "OK, Asian people can go to HappyHour, and have a breakfast after drinking. I would like to remind you, I don't mind you treat the bathroom as a battlefield. However, after the battle, remember to clean the battlefield, and if you throw the raincoat around, I'll kill you."

Zhao Shixian's words made the trading room burst into laughter, and the traders mocked each other and stood up and walked out.

During the trading period, the traders' movements were restricted. They could not walk out of this floor of the Queen Mother's Heaven Building, nor could they contact the outside world. They were in a state of rapid heartbeat and soaring adrenaline every day. They needed to relax and vent. For some things, Zhao Shixian could only turn a blind eye. After all, tomorrow, tomorrow, and tomorrow, almost every day will be in a state of tension.

The trading team in the Nan's financial system has the highest frequency of physical examinations, because the traders have long-term overload, overwork, high mental stress, irregular life, and high incidence of chronic diseases. These are all factors that are overdrawn and health, which can easily cause various diseases and sudden death.

At the same time, when absorbing newcomers, people who prefer candidates who like sports and who don’t work so hard during their studies. Simply put, the Nan’s financial system prefers talented talents and regards diligence as a fallacy. The top group of people in the industry must be talented and hardworking. The possibility of creating miracles based on hard work alone is not high, and the possibility of sudden death compensation is greater.

Of course, candidates who can be given the key introduction of my father will often receive preferential treatment, with a higher starting point and a special way to pay.

"Ah Dad, although Thailand and allies have a lot of dollars in their hands, as soon as the market opens tomorrow, international hot money will definitely attack again, one after another, no matter how much foreign exchange reserves are, it will be exhausted. The Thai bank should fight back soon."

"It should be, wait and see what will happen tomorrow." Nan Yi stretched out, "I haven't eaten the food you cooked yet. If you cook today, let me try your skills."

"I don't know, men in the Republic of Korea should not do housework."

"Little bastard, if you don't know, you won't know. You dare to be so righteous and have never attended a cooking class?"

Qidian Orphanage offers cooking classes, but it is just interest classes and does not require forced learning.

"No."

Nan Yi was tasteless, "Eat the cut noodles with knife and tell me, don't put seaweed and sesame seeds."

"Inside."

After dinner, Nan Yi and Nan Jiajun were drinking tea and eating dried fruits, and continued to watch the live broadcast of the European and American markets. Bian Shangmei also joined in, but she focused half of her attention on trivial matters such as adding water.

Futures contracts in the foreign exchange market are very different from other varieties. This is a circle mainly composed of foreign exchange traders. In this circle, funds, multinational commercial banks, large import and export foreign trade enterprises and central banks of various countries are active. Each contract with a wealthy and high target amount of millions of dollars is contracted. The threshold is very high and cannot be joined by any institution or individual.

The amount of a Japanese yen contract traded on IMM is about 100 million yen, and the amount of US dollars is about 1 million US dollars. The foreign exchange market and bond market are completely different. There is no limit to the floating of free currency, which means that each percentage point fluctuation represents a profit and loss of tens of thousands of dollars.

In terms of margin, the foreign exchange market does not have exaggerated high leverage. Generally speaking, the margin for each contract remains at least about 10%, and at least hundreds of thousands of dollars of funds are used to buy and sell a first-hand contract.

The threshold is so high that no one of the active characters is easy to match.

During the daytime transaction, the Bank of Thailand used hundreds of millions of dollars in order to bring SIMEX's baht to normal levels. Despite this, it only pulled the contract back a little bit, which shows how fierce the short side's offensive was.

The spot market consumes more funds. Together, the Thai Bank has used more than 6 billion US dollars. In order to consume Thailand's foreign exchange as soon as possible, there will undoubtedly be a more fierce attack in the future.

The attack was so fierce that Thailand naturally could not sit idly by. Therefore, as soon as LIFFE opened, the Thai baht contract rose instead of falling, setting a new high in the past month and hitting "25.98".

This price burned the previous efforts of the bears, and the pendulum was shifting to the long side. There were a lot of discussions in the market, and they were speculating that news would be coming out in Thailand soon.

Nanyi picked up the remote control and turned on the TV to watch the Peacock Satellite TV Chinese Channel.

The financial program "Fu Shuo Finance" is being broadcast on TV. The host Nian Lufu and the permanent guest Nan Ruoqiong are currently analyzing the trend of the Thai baht seriously.

"International hot money, especially hedge funds led by quantum funds, have been coveting the Thai baht for a long time. As early as January of the year, hedge funds had launched a tentative attack on the Thai baht. Although they had no results, they had grasped certain falsehoods and reality of the Thai baht.

At this moment, hedge funds gathered more funds to make a comeback, trying to defeat the Thai baht in one fell swoop.

The violent shock in today's market is caused by them. They first released false news, which caused panic in the market, and then shorted in the spot and futures markets at the same time. Since the Thai bank needs to take over the Thai baht they sold in the spot market, in order to hedge and maintain the fullness of foreign exchange reserves, the Thai bank must buy US dollars in the futures market, and the Thai bank has become the target of double attack.

The reason why the Thai baht has changed drastically is that hedge funds sell a large amount of Thai baht in the spot market.

Audiences will definitely guess where the Thai baht in the hands of hedge funds comes from. In fact, this question is very easy to explain. Use other currencies or assets in commercial banks as guarantees to borrow from banks with business in Thailand or local commercial banks in Thailand.

This type of lending is mainly short-term. Hedge funds sell by borrowing the Thai baht, and then buy while the Thai baht falls. The exchange rate gap generated is their profit...

I analyzed that Thailand will announce the news that it will guard the Thai baht at all costs and prohibit domestic commercial banks from lending Thai baht to hedge funds. In addition, it will significantly increase the interest rate for overnight loans.

These are open means, and some unconventional means may be taken in secret. What specific means are just speculations and it is not convenient to say more."

"Okay, thank you Ms. Chunan for your analysis. Let's take a look at the Hang Seng Index market..."

Nan Ruoqiong did not give any examples of extraordinary methods, but everyone in the industry can roughly guess that it is nothing more than coercion and induce Thai local commercial banks to provide customer information on forward foreign exchange contracts; threatening to directly crack down on media that publish unfavorable news and dispatching police to track down those who publish negative news.

The little girl was not very good at speaking, but it was actually nothing special. The two tricks she said were within the scope of the central bank's three axes and were all-around.

Of course, the main audience group of "Fu Shuo Finance" is ordinary investors with only a little knowledge of finance. They have some idle funds, but they do not have professional knowledge and information sources. For this type of person, Nan Ruoqiong released a fierce news level of insider information.

really!

At midnight, the early morning of May 16, the Bank of Thailand announced to the public that the Thai government will defend the Thai baht at all costs, and has strictly prohibited domestic commercial banks from lending Thai baht to international speculators, and significantly increased the overnight lending rate to 1,000%.

As soon as this news came out, the bulls in the market greatly encouraged the confidence of the baht. As a result, the IMM's baht contract also began to rise and gradually returned to the normal range of fluctuations.

For the audience of "Fu Shuo Caijing", it has already created a shallow impression that although the guest Nan Ruoqiong is not old, there is a lot of ink in his stomach. With the accurate analysis again and again, Nan Ruoqiong will eventually grow into a financial comment expert.

This is one of the meanings of "Fu Shuo Caijing". It creates the image of a master that is always correct for characters such as Nian Lufu and Nan Ruoqiong. Occasionally, a "correct market" with strong timeliness is interspersed with correct remarks. There will definitely be their fans acting according to the plan, and then, due to greed, he ignores timeliness and sends himself into the leeks.

Few people in this world can trust others 100%. It is human nature to keep one hand. The common point of gamblers (retail investors) is that they are afraid of winning or losing. They are worried about gains and losses. They are safe from losing at the low point. However, seeing the market continues to move upward, their hearts are as twitching as a cat, and they can't help but chase them at the high point, and then... they are trapped.

Don’t be afraid of losing. At the beginning, you just want to get your capital back. When you lose a few more games, your heart will become crazy and ruthless. Repaying your money is no longer the purpose. What you want is to get rich and financial freedom, and then... Hello, come down and get your takeaway.

Alas, I regret it!
Chapter completed!