Chapter 238 The target this time is in Europe(2/3)
"Now!"
"Hail to your King - Hail!"
David Mellon was greeted with enthusiastic cheers.
Amidst cheers.
Abel smiled and raised a finger, and the one hundred selected traders immediately stopped cheering.
Abel took the microphone handed over by David, in a somewhat middle-of-the-road atmosphere.
Abel couldn't help but feel a little confused.
He smiled and said——
"Want a bonus?"
“Want a bigger income?”
"Want more dollars?"
"Go ahead, I'll put them all on the computer in front of you."
"Now, immediately, immediately!"
"Start your work!"
After Abel waved his hand.
These elites, almost all of whom graduated from the Ivy League, quickly returned to their seats and sat down, just like the pirates in One Piece who went to sea to grab the One Piece.
They looked up, like primary school students looking at their teacher, looking at Abel, the Smith King in their hearts.
Abel turned his back to them. He was looking at the financial information on the screen wall, and he was picking the lucky ones.
"Just pick..."
“USD/NOK!”
Abel randomly picked a "lucky guy".
Norway is a Nordic country.
Among the five Nordic countries, the economy and currency are relatively strong.
Its overall performance is not bad. On the information wall on the screen, Abel also saw that the currency of this country has fluctuated greatly in the past few days.
This made him set his sights on this lucky guy.
Talent tells him what to do next.
Abel smiled and said: "Do more, let us help the lovely Americans and Norwegians, so that the US dollar can be exchanged for more Norwegian kroner. This will make it easier for Americans to travel to Norway and spend money, and Norwegians can also earn
American dollars, let’s do the best of both worlds.”
Whether it's short or long.
As long as they can make money, the traders of Smith Capital put their ears to the maximum and listened to Abel's instructions.
Abel glanced at the real-time exchange rate on the screen wall again, USD/NOK: 7.6049.
"Buy 100,000 lots first, hold long positions, and pay attention to consumption offsets!" Abel said.
After he issued the order for the transaction.
The "knights" of Smith Capital got to work.
The market for this currency pair is obviously not as big as USD/JPY or USD/GBP.
Norway's economy is not as good as that of Britain or Neon.
With the rapid influx of funds from Abel, the exchange rate of USD/NOK rose rapidly.
Only two hours.
The price has already reached 7.6111.
That is, one US dollar can be exchanged for 7.6111 Norwegian kroner.
There is no doubt that this is an appreciation for the U.S. dollar, and it is going too far.
But for the Norwegian krone, it has depreciated.
On the surface, it seems that Smith Capital has made a profit of 61 points at this time.
If we only look at the floating profit point figures, we can indeed say this.
However, the increase in these points was actually caused by Smith Capital investing a large amount of funds, because it was doing long orders in US dollars, which led to the rise.
If Smith Capital chooses to close all positions and throw them away at this time.
With huge amounts of money being dumped, it is impossible to keep this exchange rate unchanged.
The floating profit points will definitely fall accordingly.
After all Smith Capital's long positions are closed and sold, the exchange rate is expected to drop even lower than when he bought it.
The two cancel each other out.
Not to mention making money, you may even lose money.
Normal investment banks would be very cautious when conducting this kind of operation above this number.
Unless there is a really big market, such as the previous black swan market of USD/JPY.
If there is no big market situation or an international black swan event.
With a currency like USD/NOK that is not that big, no one dares to invest so much money at once.
If it is the normal operation of those big investment banks.
Be cautious. If you want to go short or long on a country's currency, you need to slowly hold a small amount of the position several times, and then sell out at the right opportunity.
Only Abel, who relies on talent to operate, dares to operate so unscrupulously.
To have talent is to be willful.
Smith Capital’s subsequent funds are still entering the market and building positions.
Abel asked the traders and David to pay attention to the market conditions.
He was about to go back to the office to have a cup of coffee.
David, who had been watching the market closely, suddenly shouted: "Boss, someone has entered the market."
one hour ago.
Neon, Tokyo.
Neon Bank, inside the Central Bank Building.
Akihiko Kuroda was sipping his coffee, with one hand in his pocket, and walked around among hundreds of elite traders at work.
Akihiko Kuroda belongs to a special economic action group of the Neon Central Bank.
The so-called Special Economic Action Group is actually the investment arm of the Neon Central Bank.
Mainly responsible for the central bank's investment actions, including long and short positions, arbitrage, equity, global macro, insurance, absolute return, momentum, multi-strategy, etc.
To put it simply, the so-called Special Economic Action Group is the group responsible for earning profits from the international market for the Neon Central Bank.
At the same time, it is also responsible for stabilizing the exchange rate of Neon Country and the domestic economic situation of Neon Country.
There are many groups like Kuroda Akihiko, and his group is just one of the more outstanding and elite among many economic groups.
Central banks in most countries also have such organizations.
They also hold similar positions to Kuroda Akihiko's group, responsible for seeking international benefits for their central banks and countries.
The foreign exchange, futures, insurance and stock transactions of international central banks are all carried out by this kind of organization.
Including Rabbit, there are some similar people.
These people can also be called the national team.
Sometimes even those financial groups in the United States will take on such responsibilities.
That is, the Federal Reserve generally needs to come forward to organize or even provide funds.
Then the financial capitalists in the United States will end up being hypocritical.
The central bank of the United States is called a private bank.
As one of the leaders of the national team members of Neon Central Bank, Kuroda Akihiko actually has average abilities.
Many senior executives or the elites of Neon Bank know this.
Kuroda Akihiko can serve as the squad leader because he has a good brother.
Who knows that his brother is Kuroda Nishihiko, the current president of Neon Bank.
Everyone else knows that he was able to reach this position because he had a good family background and a good brother.
This is normal in Neon. Family background, connections, and nepotism are far more important than ability in Neon.
To be continued...