Metropolis: I am really rich
Chapter 172
10:10 am.
After opening the position, Liu Shengming, who had nothing to do, returned to his operating console, observing the movements of the foreign exchange market and browsing the news.
However, as he kept scrolling, he came across the news just released by the Star Flag Nation.
After reading the news for a while, he immediately shouted to Xiao Heng:"Boss, look at the news just released by the official website of Xingqi State."
Xiao Heng, who was anxiously waiting for news about the sharp rise in the U.S. dollar exchange rate, heard Liu Shengming's words and directly I quickly came to Liu Shengming’s operation console to read the news.
"Demand for gold safe-haven assets fell, gold futures closed slightly lower....."
"Buying U.S. bonds now is better than buying gold...."
"The stocks of 6 U.S. technology companies including Amazon, Microsoft, Netflix, and Apple rose......"
"Fed decides to cut interest rates...."
Before Xiao Heng finished reading the news, he heard a trader shouting:"The exchange rate has gone up, it's gone up."
Hearing this, Xiao Heng couldn't care less about watching the news.
He went directly back to the largest LED screen in the operation room to check the daily trend chart of the exchange rate between the US dollar and the Japanese yen.
1: 107.51, 1 US dollar is exchanged for 107.51 yen.
It's really gone up.
Just now he almost thought that his premonition was wrong this time.
Fortunately, there was nothing wrong, otherwise he would have been in big trouble.
After Liu Shengming helped him establish a long order of 2 million lots, it took less than five minutes.
The U.S. dollar exchange rate dropped from 107.65 yen to 1 U.S. dollar when he opened his average position, to 107.48 yen to 1 U.S. dollar just now, a drop of 17 points.
2 million long orders, a loss of 2 million US dollars if it fell by 1 point, a loss of 340 million US dollars, or about 2.42 billion yuan, if it fell by 17 points.
After losing 2.42 billion yuan in five minutes, he now has 39.2 billion yuan. How long can he lose money?
However, things are getting better now, the exchange rate has finally started to rise, and he feels relieved! It’s also time to witness a miracle.
1 U.S. dollar exchanges for 107.53 yen.
1 U.S. dollar exchanges for 107.58 yen.
1 U.S. dollar is exchanged for 107.62 yen.
1 U.S. dollar exchanges for 107.67 yen.
1 US dollar to 107.71 yen.....
In one minute, the exchange rate of US dollars to Japanese yen rose directly from 1 US dollar to 107.51 yen to 1 US dollar to 107.73 yen. The increase reached 22 points, which meant that Xiao Heng earned US$440 million in one minute.
Turning losses into profits not only allowed him to recover his previous losses, but also made a profit of US$100 million.
And this is not over yet, the exchange rate of the US dollar against the Japanese yen is still rising rapidly.
Excitement, this is the charm of foreign exchange and futures. You never know what will happen in the market in the next second, you never know how much money you will make in the next second, and you never know how much money you will lose in the next second.
This is a game of 0 and 1. If someone makes money, someone must lose money.
You can imagine how many people in the world lost money and how many people made money in just this minute.
But all this has nothing to do with Xiao Heng. There are risks in the financial market and you need to be cautious when entering. Since you choose to enter the market, you must be mentally prepared for losses.
1 US dollar is exchanged for 107.78 yen.
1 U.S. dollar is exchanged for 107.82 yen.
1 U.S. dollar is exchanged for 107.86 Japanese yen.
1 US dollar to 107.91 yen...........
Hangzhou, Alibaba Capital headquarters, international trading room.
Lao Ma and Fan Jun, the person in charge of the trading room, looked at each other in confusion as they looked at the exchange rate changes on the LED screen hanging on the wall in the center of the trading room.
Both of their eyes were filled with joy.
Just imagine, without Xiao Heng’s reminder, they would have held 12 million U.S. dollar short orders and the current exchange rate would have risen.
After the Star Flag news, the US dollar exchange rate rose 42 points in two minutes.
If it rises by 1 point, they will lose US$120 million, and if it rises by 42 points, they will lose US$5.04 billion, about 35.78 billion yuan.
Such a loss is something that even the Ali family, with its great business, cannot afford to suffer losses.
And this is not over yet. With the current rising momentum of the US dollar exchange rate, I am afraid it will not stop unless it rises by several hundred points.
If that happens, what will happen to Alibaba Capital? What ending will they have? they do not know.
But they know that Alibaba Capital will definitely cease to exist after the incident.
"fan...Fan Jun, have we finished clearing the warehouse?"Lao Ma asked with a trembling voice.
"Dong...Chairman, we completed the clearance two minutes before the official news was released by Star Flag Nation." Fan Jun also replied with a bit of trembling.
After receiving the answer that the liquidation was completed, Lao Ma smiled and asked:"Then how many US dollar long orders have we established?"
Fan Jun heard Lao Ma's question and hurriedly ran to his operating console computer to look at the data.
"Chairman, we have established a total of 320,000 long orders."
"Haha~~Okay, okay."Lao Ma laughed and kept saying yes.
320,000 lots. Although the number of positions was very small, they made a profit of 135 million U.S. dollars just because of the 42-point increase in the U.S. dollar exchange rate.
This is pure money making! It was really an unexpected surprise. An unexpected surprise.
It’s better to have fun alone than to have fun together!
After laughing excitedly, Lao Ma immediately announced to all the traders in the operating room:"Everyone who is here today will tell you after this incident. 5 million bonus"
"Wow~~This is great! Long live Chairman!!!"
"Long live Chairman!!!"
"Long live Chairman!!!
After receiving the cheers from the traders, Lao Ma patted Fan Jun on the shoulder and said:"Fan Jun, do a good job!""
"I know, Chairman"
"Okay, I'll leave if you have nothing to do. If you need anything, call me."After Lao Ma said this, he turned around and prepared to leave.
Now he wanted Fei Modu to thank Xiao Heng in person.
Without Xiao Heng, he really didn't dare to think about the consequences.
However, as soon as he turned around, Fan Jun stopped him and said:"etc...Chairman"
"Do you have anything else to do?"Lao Ma turned around and asked
"Chairman, are you going to meet the stock god Xiao Heng now?"
"You want to go?"
"Well, I want to go, I want to worship and pay homage to the God of Stocks"
"It's not over yet, you can't leave yet."Lao Ma said this, thought for a while, and then said:"In this case, I will also postpone it for a while. After the matter is over, I will go with you."
He just remembered that the matter is not over yet.
Even if he flies to the Magic City to thank Xiao Heng in person, Xiao Heng will never have time to see him.
It is better to wait until the matter is over, and he and Fan Jun go to the Magic City to see Xiao Heng.
"That's great, thank you, Chairman"
"Don't thank me, go and see if we still have a chance to build long positions, try to build more long positions, and make more money."
"Haole~~"
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