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Chapter 151: Wall Street Never Sleeps(1/3)

At noon.

When he said goodbye and was sent to No. 40 Wall Street, his whole body was limp and weak.

Ikana has a pink face and even changed her clothes.

Abel came to Smith Building.

Right now in the dining room of the Smith Building.

David Mellon was having lunch with some company traders.

Everyone's faces were full of joy visible to the naked eye, they were talking and laughing, and they were relaxed and at ease.

They looked like they had just been suffering from mental stress for a long time and now they had just gained relief.

At this time, they saw the boss arriving.

David Mellon immediately stood up and followed Abel excitedly to Abel's office.

In Abel's office, David said excitedly:

"Boss!!! The British Pound currency pair has surged across the board, especially the GBP/USD pair, which has seen an astonishing increase. It has completely broken out of its previous decline!"

"GBP/USD is currently at 1.4400!"

"We established a long position of 1 million lots on the direct trading GBP/USD!"

"We have established long positions of 500,000 lots in the cross trading varieties of GBP/JPY, GBP/EUR, GBP/CAD, GBP/AUD, and GBP/CHF!"

"Currently, we have established a total of 4 million long positions on the pound currency exchange rate!"

David Mellon said excitedly:

"You were away for the past two days, and the floating loss was as high as 2.1 billion U.S. dollars."

"To be honest, I wanted to close my position at that time! Fortunately, boss, you persisted, otherwise I would have suffered a big loss this time!"

This guy David.

When talking to Abel, I usually call him OSS or his name.

Once it comes to the transaction, Abel uses his amazing "talent".

This guy especially likes to think of himself as a wolf cub in the Smith wolf pack.

Abel was called "boss" in various tones.

It's as if he really thinks of him as the alpha wolf.

Looking at the excited David, Abel asked him calmly: "So tell me, what is the current situation?"

"Now? Of course we are making huge profits now! We are making huge profits on our books!" David was a little incoherent.

Abel nodded with satisfaction and said, "How much profit has the pound currency exchange made now?"

David Mellon immediately said: "More than $3.5 billion!"

"Currently, I hold a long position of 1 million lots of GBP/USD. The average opening position is at 1.330. A one-point fluctuation is a profit and loss of US$12.5 million. The current profit is 110 points! A total of US$1.25 billion."

"500,000 GBP/EUR long positions. The average opening position is at 1.2040, and a one-point fluctuation is a profit and loss of US$075 million. Currently, GBP/EUR is at 1.2080, with a total profit of 40 points, totaling US$280 million."

"For a long position of 500,000 GBP/CAD, the average position is at."

".A total of US$3.55 billion is floating around!"

OMG!

He, David Mellon, has never been responsible for such a large operation, even though the account is currently profitable.

But David Mellon was still very worried and panicked in his heart.

Recently, due to their operations, the international foreign exchange market has been affected.

The total daily trading volume of the British pound currency exchange exceeds one trillion US dollars!

Fortunately, the surging pound's decline was completely supported by them.

Thanks also to the recent monetary meeting of the Federal Reserve and the appointment of a new governor of the Bank of England.

Oh, and Queen Isa’s trip to Scotland happened to be yesterday!

Thinking of this, David Mellon continued:

"Boss, the trading volume against sterling currencies has been very large recently. One is because of the Federal Reserve, and the other is because of the new governor of the Bank of England.

Another thing is that the Scottish issue is beginning to ease again.”

"I'm worried that GBP/USD will rise sharply for a while and then plummet again!"

"Now many financial institutions have begun to enter the market crazily to buy GBP/USD!"

"Those who were short on GBP/USD may have started to cut their losses!"

GBP/USD has fallen for 6 days in a row.

Then Smith Capital began to enter the market and build positions.

It has been struggling to support GBP/USD, and finally GBP/USD has been completely supported.

Now when the short sellers of GBP/USD are retreating, many financial institutions are entering the market to do long GBP/USD.

When David Mellon planned to make a profit of more than $5 billion, he began to close his position.

After all, they have established so many long positions in GBP/USD, and it is not easy to get them all out at high prices!

But David did not have this power.

Only Abel could make the decision in this regard.

Abel nodded and said: "Very good, continue to hold it, I will pay attention to it from time to time in the past few days!"

"The pound currency exchange rate has fluctuated too much. As soon as my order comes, I will start closing positions immediately!!"

"If it causes a sharp fall in the pound-based currencies, positions must be completely cleared!"

"Don't fight too long!"

Abel also knows the volatile nature of GBP/USD.

Maybe there was no takeover when the account was closed.

Then GBP/USD will plummet, and profits will definitely be lost.

At present, floating profits are all illusions, and the profits obtained are real!

David Mellon immediately said: "Yes!"

Abel patted him on the shoulder, and David left again with an excited smile.

Nothing excites people on Wall Street more than making money.

If anything, it is the money earned, and you have your own share!

Even if it is only a small bonus compared to the total profit.

It is enough to make 99.99999% of the people in this world envious to the point of going crazy with jealousy.

This is the charm of money.

This is the core of the saying that Wall Street never sleeps.

But for Abel, he experienced caution and nervousness at the beginning of the layout.

Today I discovered that the trend of the British pound currency exchange rate was completely in line with my innate judgment.

His reaction to the floating profit of up to 3.5 billion US dollars was not that big.

It's like playing a single-player game with unlimited cheating.

At first, you will feel very happy because you keep winning, winning, winning.

But if you win more and keep winning.

Sooner or later you will get bored.

Abel feels a little bored now.

Fortunately, his talent is only in the financial field.

In other aspects, such as normal business management and business investment, planning.

He is much worse than the managers of some small and medium-sized companies.

Belongs to the level of ordinary netizens.

This makes him feel bored except in the money game.

In other business or entertainment industries.

He doesn't feel bored, but enjoys it.

It feels so good to lose money.

This finally made up for the emptiness and loneliness he felt after cheating on Wall Street.
To be continued...
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