Chapter 1498 They are in trouble!(1/2)
A rising sun suddenly jumped out from the sea level, spreading its warm sunshine to everyone.
There seems to be no difference between the sun today and the sun yesterday, but for most Siamese people, looking at the rising sun, their mood at this moment is completely different.
I don’t know whether it’s because of the changes in the world, or because things and people are different, but in short, most of them can’t escape the three adjectives of “complex, puzzling, and confused”.
Although for most of them, their lives have not changed at all. The cash in their hands, the deposits in the bank, and the fixed and non-fixed assets at home have not changed at all. How much should it be?
Just how much.
But from the panicked looks on their neighbors' faces and the few words on the morning news, they already know that if we use the U.S. dollar, the world's common currency, as a benchmark, more than 40% of their wealth has disappeared in the silent battle last night.
Although for most people, they don't know what impact such a depreciation of the exchange rate will have on them. After all, they still have so much money in their hands, but there is an inexplicable will telling them that they are in trouble.
Got it!
Chuanli stayed up all night, but he still stared at the K-line chart in front of him with his huge panda eyes and red eyes.
The exchange rate of the Thai baht has fluctuated, but it has remained at an exchange ratio of 35 to 36. It seems that he has achieved his goal perfectly.
After all, what he had hoped for before was that the Thai baht exchange rate could remain above the 40 mark, preventing retail investors from rebelling, and all siding with the financial giants.
Then Siam and the Thai Baht are really going to die.
Now, the Thai baht's exchange rate rarely breaks through 36, and according to data from trading software, more and more retail investors and small and medium-sized institutions are on their side.
Everything seems to be developing in a good direction.
But he always felt that something was wrong, that things were going too smoothly, and that those financial giants were not as powerful as he imagined.
"Speaker Li Chuan, all 10 billion U.S. dollars have been spent. Do you think we need to add more foreign exchange reserves?"
The bank president's words were like a thunderbolt that struck Chuan Li's mind. He was suddenly startled. He seemed to have understood something and knew what was wrong.
foreign exchange reserves!
Foreign exchange reserves are being spent too slowly!
Although the foreign exchange market is a 24-hour, never-ending market, it was already midnight when he officially started taking over.
This is the time when the two largest trading markets in the world, the London trading market and the New York trading market, are most active. Once this period passes, the foreign exchange market will inevitably fall into a plummeting trading volume.
After all, the vast majority of foreign exchange traders, especially the real backbone of the foreign exchange market, the retail investors who provide more than 90% of the activity and trading volume, do not yet have the ability to trade 24 hours a day.
Physiological limitations have determined that they can only catch up with the trading hours of two or three trading markets at most, and can only rest during other trading times.
This is why, in the foreign exchange market, there are so many same-day delivery parties.
The so-called same-day delivery means that after opening a position on the same day, regardless of winning or losing, the position must be closed on the same day.
The purpose is to prevent unpredictable changes in the market that may lead to losses while you are sleeping and resting.
Logically speaking, after the New York trading market closes at 4 a.m., the trading volume in the successor Wellington trading market in New Zealand will weaken significantly.
And you must know that most of the weakening part should be retail investors who support them.
For these retail investors, they are not as clear as he is about how powerful the financial giants who stand opposite Siam are.
On the contrary, they will believe that as long as the Siamese government starts to rescue the market, the exchange rate of the Thai baht will definitely rise.
Not to mention, there are off-market moves such as raising deposit interest rates and changing fixed exchange rates to floating exchange rates.
Furthermore, we also need to know that for most traders, they will instinctively choose to go long, and even to put it bluntly, more than 80% of traders in the entire trading market are long.
It's just that their differences on the price and the trend of the K-line chart will cause them to have a sell or short signal at different times.
After all, you must know that short selling is not allowed in some markets, but when the stock market should fall, it will still fall.
Therefore, whether you can go short or not, to a certain extent, will not affect your returns.
So as the number of retail investors decreases and the investment intensity of financial giants remains unchanged, he should invest more funds to maintain the exchange rate at the current level.
But in fact, he has maintained the exchange rate at the current level without investing more money, and even the speed of spending money has dropped a lot.
After all, if he had followed the initial investment rate, he should have spent all the 10 billion U.S. dollars long ago. How could he spend it now?
It must be these financial giants who are deliberately consuming his funds to make him mistakenly think that he has hope of winning.
Thinking of this, Kawadachi couldn't help but shudder. He now felt that he was just a mouse that no matter how hard he struggled, jumped, or even briefly escaped from death, he still couldn't escape from the palm of the cat's hand.
To put it bluntly, the reason why he is still alive now is just because the cat wanted to tease him and thought it would be more beneficial to keep him and eat him later.
Rather, it is really possible for him to escape from the cat's control!
The reason why these financial giants have kept him until now and kept the Thai baht exchange rate at the current level is simply to drain all Siam's foreign exchange reserves!
"Chairman Kawali?"
Seeing that Chuanli didn't speak for a long time, the president couldn't help but shout.
"I want to confirm an idea of mine." Chuan Li said suddenly and abruptly.
"What's the idea?"
The president looked at Kawadachi with a confused look. Why was he confused about what Kawadachi was talking about? Does what he said have anything to do with his previous request for instructions?
"Well, whether it is right or wrong, we will know after verifying it."
Chuan Li did not answer directly, but his eyes suddenly lit up and he said unwillingly.
Although reason tells him that he is just a mouse, a mouse that is constantly being teased by the other party and slowly draining everything out of him, but what if?
What if the opponent's strength is not as strong as he imagined?
What if the opponent is also at the end of his strength?
What if he still has hope of victory?
"Now, stop buying Thai baht and wait for my order!" Chuan Li suddenly said.
"Why?"
Seeing the bank president who was full of surprise and confusion instead of immediately executing the order, Chuanli suddenly had the urge to round him up and throw him into the South China Sea!
There are so many reasons why!
You just have to carry out what he says. How come there are so many gibberishes!
He swore that once he was appointed as the next Prime Minister of Siam, the first thing he would do would be to send the bank president in front of him to three palaces in southern Thailand!
Let him stay there and ask those traitors who are prone to car bombs why they don't believe in Buddha and why they rebel!
I hope he can come back alive by then!
However, complaints were complaints, and Chuan Li suppressed the anger in his heart and explained his speculation to the bank president.
After all, he is not the Prime Minister of the Cabinet yet and has no authority to do so.
Even if the King of Siam had not spoken, he would not even have the right to dictate here.
"I think what you said is very reasonable, and I will ask them to implement it immediately!"
As if he had already seen that the next prime minister was full of unspeakable malice toward him, the bank president immediately said.
As the big bull, Chuanli, stopped, the financial giants who were still investing money based on inertia suddenly discovered that the Thai baht exchange rate, which was still in a stalemate just now, suddenly went downwards.
Not only did it quickly break through 36, it even failed to hold 37.
The bullets they put in at this time were like a hot knife cutting through butter, instantly cutting through countless obstacles!
"Stop it first!"
Realizing something was wrong, Hewlett immediately shouted stop, then ran over to wake Soros without looking back.
This sudden and strange incident in front of him has exceeded the scope of his authority.
"It seems that those little mice have discovered our intention, but what does it matter?"
He soon figured out all the joints, Soros curled his lips and chuckled.
"Why doesn't it matter? If Siam really doesn't accept the offer, then our profits will be greatly reduced?"
Hewlett looked at Soros in surprise. He didn't understand why Soros would think so.
Last night, the funds he released increased from the previous 2.5 billion US dollars to almost 5.5 billion US dollars.
Although it sounds like a lot, you have to know that he has 10 billion US dollars in his hands!
This also means that he still has 4.5 billion US dollars in bullet dollars that he has not released!
And if Siam does not accept the offer, given the current fragile market conditions, he will have already reached 37 without any effort. If he invests no more than 500 million US dollars, he will be able to bring the exchange rate below 50.
There is no way, after yesterday's fierce battle, even the stubborn bulls cannot be as tough as they thought. At the slightest sign of trouble, they will immediately run away, or even go short.
After all, what they invest in the foreign exchange market is their hard-earned money that they have paid countless prices for. Their hope for the future lies in their carelessness.
Such a result obviously does not meet the previous expectations of the short sellers.
"It's true that it has nothing to do with it, but the question is, is it up to them to decide whether to take over or not? If they don't want to take over, then you have to force them to take over!"
Soros's expression suddenly changed, a dazzling cold light burst out from his eyes, and he waved his arm vigorously, smashing all the obstacles in front of him like a powerful force splitting the Huashan Mountain!
Hewlett was stunned immediately. He was stunned and couldn't come back to his senses for a long time.
But soon, his eyes became brighter and brighter, and soon it was as if there were two hot flames burning in his eyes!
To be continued...