In the next few months, nothing major happened on Hong Kong Island, except for the East Star sandhopper. One night after drinking too much, he was hit and killed by a garbage truck while walking in the middle of the road. East Star Another tiger is missing.
Afterwards, everyone discovered that it was really a traffic accident. Either someone was doing something, or the body was a bit miserable, and the whole body was crushed to half thin.
The real situation is that Chen Yi tied up the sandhopper first, and after a while of forbidden scenes, he ate the sandhopper and wiped it clean, then threw it on the road, and then nothing happened.
After finishing the sandhopper, Chen Yi also decided to stop temporarily and wait for all the kind people to develop it for a while. Leeks also need a growth cycle.
. . .
There are no major events on Hong Kong Island, but the European currency futures market has been exciting in the past few months.
Hans raised interest rates in July and raised the discount rate to 8.75%!
This action immediately caused a change in market sentiment. There was a trend of selling pounds and lira and snapping up marks in the foreign exchange market.
The exchange rate of the pound against the mark fell from 2.95 to 2.85, and then from 2.85 to 2.7964. The Bank of England issued an emergency order to purchase 3.3 billion pounds to stabilize the exchange rate. The Bank of England successfully exerted the power of Great Britain's magic needle.
After the people eating melons on the side noticed that something was wrong, people in the country all changed their Fenlan Marks into Hansmarks.
By September, the exchange rate of the cent blue mark against the Hans mark continued to fall. According to the linked exchange rate rules of European countries, in order to maintain a rigid exchange rate, the cent blue central bank sold a large number of Hans marks and bought cent blue marks.
Until September 8, the Fenlan Mark fell, plummeting all the way and finally decoupling the Hans Mark.
The Fenlan attack was just an appetizer. At this time, the Niu Kingdom and the Gallic government felt that something was wrong, and unanimously expected Hans to cut interest rates. However, Hans believed that the decoupling of the Fenlan mark was insignificant, and the central bank governor Schlesinger Even publicly announcing on September 11 that Hans would not lower interest rates.
Faced with the friction between several major countries, the melon-eating public has begun to realize that ERM is in big trouble, and the powerful Hans seems unwilling to come forward to solve this trouble.
All hunters with bullets at the ready realized that the time had come.
. . .
September 13th.
In a gambling shop in Turin, Italy.
Camilo is an ordinary investment trader. He was looking at the computer screen with a daze in his eyes. Schlesinger's public speech in front of the media yesterday made him realize that the opportunity had come.
Although he is a profit-seeking person, he has never encountered the current situation where there are only negative factors and no long motivation.
Silly B doesn’t want to short Lira at this time, but he doesn’t have much principal in hand, only 20,000 US dollars. What should he do?
Fortunately, there is leverage in this world. You can choose from several times to thousands of times. After thinking for a while, Camilo chose 300 times leverage, so that he could make more money with a small amount of capital.
After he opened a long position at a price of 808.35 lira per mark, the Italian lira plummeted as he expected.
Seeing the blood red on the screen, he only thought for less than a second, all stud!
He jumped up excitedly when he saw that the 20,000 US dollars in his account turned into more than 90,000 US dollars.
Then. . .
Then it exploded. . .
He looked at the dense green numbers on the screen in front of him. He didn't know what was going on, and a big question mark rose in his little head.
Didn’t you say that the lira will definitely depreciate?
In fact, not only him, but also countless people in the world who participated in lira trading were confused.
Everyone looked at the short closing orders on the screen and panicked.
In less than a second, everyone watched as a flurry of orders to close positions forced the lira to bottom out and rebound by more than 1%.
Of course, Camilo's position was liquidated with a leverage of 300 times. . .
Not only Camilo was shocked, but Soros who was far away in Wall Street on the other side of the ocean was also shocked. What kind of lunatic is here to help Italy take over the business with a profit?
And it’s still a large group of people, at least a thousand people are operating it.
He is not the only one who thinks so, a group of people at the Italian Central Bank are also confused. Is there really such a good person these days who is not self-interested and only benefits others?
Even the traders on his side were inactive for a few seconds. After watching the lira rise another 3%, Soros waited for a group of Wall Street short sellers to react and quickly increased the short order.
But immediately he felt something was wrong, because everything went well when they sold the lira, and the lira did indeed dive in a straight line without any hindrance as expected, but the speed should not be so fast.
At this time, he looked at the inverted N-shaped trend and realized that someone was clearing the place!
First, let the lira dive in a straight line to clear out the longs, and then raise the lira price to clear out the shorts. Of course, these are all retail investors.
This is a common tactic they use on Wall Street. Why the hell did they let someone else take the lead this time?
But now everyone's common enemy is the Italian Central Bank. Soros and a group of Wall Street short sellers have put this episode in the back of their minds. They will slowly find out who it is later. The most important thing now is to blow up the lira!
But as the lira continued to fall, Soros did not feel relaxed at all. It was falling too fast!
Although their purpose is to make the lira fall out of the ERM's regulatory range, this is obviously not their fault. Who is it?
How many people are operating on the other side?
Every time an operator places an order, he has to type at least dozens of keyboard strokes, move and click the mouse more than a dozen times, depending on the target and quantity of the order. Thinking about the dense green green on the screen just now, it is definitely not something that a small role can do.
When hedging, if you want to kill the other party, you need more money and more operations and faster speed. But look at the other party now?
This is completely a retail killer!
If the price is lowered or raised in the shortest time, causing local shocks, the positions of short-term speculators will explode instantly and be forced to be liquidated directly by the system.
Not only Soros, but also the people around him were shocked, and they were all discussing what happened.
"George, what's going on? Is someone clearing the place?"
After Soros calmed down, he said to the people around him: "Yes, and he is definitely not a small player! Judging from the number of orders placed by the other party, there must be at least two thousand people operating at the same time, and all the actions are uniform. Who is he? "
Everyone's expressions were solemn, "Then will their entrance have any impact on our plan?"
"That's not true. All the short sellers in the world are now shorting the pound and the lira. One more of them is nothing. Let's ignore them for now. Let's complete our goals first."
When Soros thought about the combined capital volume of all the short sellers this time, he felt that it would not have much impact if another deep-water giant came to take a share of the pie.
The whole world was staring at ERM, and it was normal that there were a few people I didn't know, so I stopped thinking about it and just finished the things in front of me first. The problems of the new players could be investigated after this time was over.
"knew."
There was no reversal in the plot that followed. Lira was leaked to the end in one day just like Chen Yi in his previous life. However, after adding Chen Yi, it fell directly below the ERM lower limit before closing.
After falling below the lower limit, it was like a switch was turned on, and it fell faster. It seemed that everyone just thought that the situation was over, and even the Italian central bank was no longer struggling. The decline reached 10% that day. At the close of the market, the exchange rate between the lira and the mark is 887.63:1.
Hans couldn't bear it any longer. Schlesinger directly announced that night that the interest rate would be reduced by half a percentage point, a full day earlier than Chen Yi's previous life, from 8.75% to 8.25%, in an attempt to save the endangered ERM.
Other members of the ERM, especially the Cow Country and Gaul, were all moved to tears. You bastard, you are finally willing to cut interest rates!
But it was too late.
. . .
"cheers!"
At this time, it was still nine o'clock in the morning in Lijiapo, Asia. In a villa, the sound of the doctor, Mrs. M, Yang Jianhua, and Chen Yi's wine glasses clinking together sounded in the room.
Mrs. M looked at the young man in front of her and sighed. The trip to Hong Kong Island last time was really not in vain. Otherwise, how could there be the current cooperation?
"Mr. Chen, your company's 'great wisdom' really opened my eyes today."
