super energy power
Chapter 635 Sharp turn down
Hidetomo Hirano was exhausted, and the continuous trading operations for several hours seemed to take away his energy. Besides, there was an unrelenting pressure in his heart.
Although there are many traders who sided with Sumitomo Corporation because of the client's request, everyone knows that what these people are doing now is just hedging, and financial companies are like widows. Do not overnight transactions, especially small financial companies are particularly particular about, don't you see the lending rate between banks and financial institutions, one is overnight, and another is not overnight.
It stands to reason that with so many traders avoiding risks, oil prices should always rise, but Hidetomo Hirano waited, waited, waited, his fingers were cramping, and he still hadn't waited for the signal of oil prices to rise , He naturally understood, which shows that Pan Asia Fund not only did not close or build positions, but also continued to sell short.
"What gave Pan Asia confidence?" Hidetomo Hirano thought about this question when he had time, but what he thought more about was "quickly end it."
After this farce is over, he will be given plenty of time to ask for instructions from Shangfeng tomorrow morning. In this way, although he has to take responsibility, he will not take everyone's responsibility like he is now.
"I guess I will be transferred overseas." Hidetomo Hirano thought to himself: Maybe he will be transferred to a good place, such as Europe or Singapore. Anyway, I have taken the blame that I don't have to bear.
"Sell! Sell!" cried the repulsive call of the vulture again.
Hidetomo Hirano looked around, and finally there were still a few takers, so he felt a little relieved.It’s not like noon now. At that time, short sellers were everywhere, hoping to follow the trend to make money. In fact, those guys who followed the trend at around $17 made a lot of money. .
At that time, it was almost the time when Hirano Hidetomo was most desperate. Even if it was a few hours later, Hirano Hidetomo still shuddered.
Fortunately, the price has stabilized.
Hirano Hidetomo stood in the pool, had a little free time, and took the opportunity to look around.
The exchange is like a bazaar in the colonial period. Although expensive things are sold inside, buyers and sellers roar and dance like barbarians. Everyone's face is distorted. Some people may appear calm on the surface. But as long as you observe carefully, you can detect the madness in the corner of the other party's eyes.
Milton, nicknamed Vulture, is even more crazy. He was originally a proprietary trader of a medium-sized Dutch bank, that is, a trader who used the difference between bank deposits and loans to make arbitrage. The transaction scale was not large, and the trading methods were also very simple. He just didn't want to follow the rules, and caused tens of millions of dollars in losses to the bank... Fortunately, he didn't lose his license, so he became an executive trader working for clients, but in terms of personality, such a scene , but it was Milton's dream.
I saw Milton actively selling crude oil for a while, and then selling crude oil contracts in front of other traders. He was very busy, with his sonorous and forceful gestures, his serious eyes...and looking outside from time to time.
Hirano Hidetomo followed Milton's eyes, and his pupils shrank sharply.
"Su Cheng—is this guy here to show off?" Hirano Hidetomo wanted to throw his eyes out and hit the Chinese man on the head.
At this time, Sioux City was wearing a tough suit and tie tied around his neck solemnly. His eyes were concentrated and his nose was straight. Anyone who looked at him would think he was a successful person in the Financial City.
Shigeru Nishioka also noticed Su Cheng, ran down from the second floor, and said to Hidetomo Hirano who walked to the side: "Your Excellency Ito asked you to pay attention to market fluctuations."
He didn't go into detail about Mr. Ito, and Hirano Hidetomo didn't care.
"You mean Sioux City? He's here to experience it, right?" Hidetomo Hirano said almost to himself.
Shigeru Nishioka didn't know if he heard it clearly, so he explained the words and went to the side by himself.
Looking at Su Cheng, Hirano Hidetomo always felt that something was wrong, but he couldn't tell what was wrong.
When it comes to experiencing life, most prudent people will choose to experience it after closing the contract they hold. Fanya Fund is a real heavy holding. Even if they want to get out now, it is not possible to do it in a few hours. Sioux City came to the transaction It is not a good choice to be leisurely by the pool.
Of course, there are also people who do this, but they are different from the Su Cheng that Hidetomo Hirano has learned about.
But Hidetomo Hirano couldn't think of a reason why he wasn't just hanging out.
In this kind of market trading pool, apart from the ups and downs of the crowd, other times it is just lukewarm. It is not impossible to see the doorway from the outside, but at least two to 30 years of practice .
No matter how you look at it, Su Cheng doesn't look like someone who knows everything about it.
Thinking of this, Hidetomo Hirano turned his attention back to the trading pool and continued his semi-mechanized work.
The existence of Sioux City also became irrelevant.
A few minutes later, Hidetomo Hirano's electronic screen vibrated, and he naturally picked it up to take a look, only to see it written in English: It is reported that OPEC's crude oil reduction plan has run aground.
Hidetomo Hirano frowned suddenly, thinking: There is so much bad news today.
The financial media are reporting OPEC news every day, some will have an effect, some will not, and it is not easy to produce an immediate effect. With tens of millions of dollars, there will always be high-level scammers who can't help it.
Still, there's nothing wrong with taking a break when this is the case.Hidetomo Hirano leaned towards the edge of the transaction pool, preparing to get more specific information from the deliveryman.
After struggling to reach the edge of the trading pool, Hidetomo Hirano gasped for breath, and then found three deliverymen in front of him.
"Swapped?" Hirano Hidetomo was looking for a familiar delivery man.
A European stretched out his hand from behind and said contemptuously, "It's for me."
"Your news is also very good." Hirano Hidetomo said with a smile, he is going to hang out in the trading pool for a long time, if he is not assigned.Therefore, he first established a good relationship with his seniors, just like he did in a Japanese company.
The European glanced at him, but he didn't say anything more.
The other party turned his head and left, and the deliveryman of Sumitomo Corporation also handed the things to Hidetomo Hirano with a serious face.
He looked a little surprised, the first thing he saw was the registration in Japanese.
"Nippon Keizai Shimbun?" This is a big newspaper, Hirano Hidetomo asked strangely: "What do you mean, why is it a Japanese newspaper?
"It's a newspaper that just went on sale. We also asked the Ministry of International Trade and Industry and the Ministry of Foreign Affairs, and confirmed the foreign news. It is very likely that OPEC has given up on reducing production capacity. Their negotiations are not going well, and the reporter also found it." Communication with the trading pool It was very time-consuming, and the deliveryman also spoke very quickly.
Hirano Hidetomo involuntarily looked at Su Cheng, the man in the light-colored suit stood there seemingly unaware, without showing the slightest expression on his face.
"It shouldn't be him, anyway, this is OPEC." Hidetomo Hirano nodded vigorously, and said: "I will observe."
OPEC's reduction plan is not unique, but news has emerged since the beginning of the year. The OPEC ministerial meeting a few months ago has put it in a formal proposal, and it is waiting for a vote to be passed. At that time, it aroused The price of crude oil market rose.
It can be said that the price of crude oil can exceed 18 US dollars, somewhat benefited from this plan.
The reason for reducing production capacity is also very legitimate. Crude oil production in Iraq and Kuwait resumed, and the economic indicators of the United States failed to meet expectations, resulting in an oversupply in the world crude oil market...
With such an agenda, it is not easy to put it on, and it is even more difficult to put it down.
"After all, it's not OPEC's official conclusion." Hidetomo Hirano returned to his seat with such thoughts, and did not make any more transactions, but looked around with some uneasiness.Sumitomo Corporation, like Pan-Asia Fund, has made a heavy position, and it is not easy to withdraw, especially in such a trading pool with artificial bidding, where the big shorts roar to close their positions, and everyone else does not immediately become long. Then excitedly took out the knife to divide the meat?
He is observing others, and others are observing him.
Before the situation became clear, only a few guys who fished in troubled waters entered into lively transactions, and more people stopped their actions instead.
Crude oil prices slipped a bit, but that's about 10 cents, so it doesn't help much.
But at the same time, the office of the Pan Asia Foundation was filled with jubilation.
10 cents is nothing to crude oil futures trading with 15 times leverage, but it is great for spread trading with 300 to 500 times leverage.
Since the London Stock Exchange is more susceptible to international transactions, while crude oil prices on the New York Exchange are more dependent on domestic supply and demand performance, OPEC's decision will first affect oil prices on the London International Crude Oil Exchange.
And with the current low level of the New York Stock Exchange, the possibility of further decline is not great.
"When the profit is raised, the size of the contract for difference must be gradually reduced." Sioux City also knows the risk of hundreds of times of leverage, and will not continue to do it like shorting crude oil.
Fanya's treasury pool increased, and Milton's morale naturally increased, and he sold crude oil again and again for a while.
With his efforts, the price of crude oil also dropped slowly until it approached the $16 mark.
"This guy..." Hidetomo Hirano gritted his teeth and stared at the quotation, taking out the electronic screen to check it from time to time.
The rumors are growing.
With the presence of OPEC, will Sumitomo continue to follow up?The losses are increasing.
However, if Sumitomo Corporation does not follow up and oil prices plummet, the losses will be difficult to recover.
"If a large amount of funds can be used to forcibly raise the price of the August crude oil contract, maybe this dilemma can be solved." Hidetomo Hirano was taken aback by his own thoughts, but the more he thought about it, the more he felt that it was feasible.
With the strength of Sumitomo and Ito Trading Co., if they do their best, not to mention controlling the market, it is still possible to bring the situation back.Even if the two firms have reservations, it is still possible to find allies in this market.
Hidetomo Hirano thought to himself that the Pan-Asia Fund and many financial companies have invested a lot of money at the price of 16 US dollars. Just forget the loss caused by 18 US dollars. Taking 16 US dollars as the price may really cause a short squeeze.
Short selling needs to be repaid. If the contract price rises step by step, as the delivery date approaches, the short sellers will have to pay a high price to close their positions and admit their losses.
It's just that the funds to be mobilized are too much.
Hidetomo Hirano had nowhere to go, so he came to the trading pool again and called Shigeru Nishioka.
... (To be continued.)
Although there are many traders who sided with Sumitomo Corporation because of the client's request, everyone knows that what these people are doing now is just hedging, and financial companies are like widows. Do not overnight transactions, especially small financial companies are particularly particular about, don't you see the lending rate between banks and financial institutions, one is overnight, and another is not overnight.
It stands to reason that with so many traders avoiding risks, oil prices should always rise, but Hidetomo Hirano waited, waited, waited, his fingers were cramping, and he still hadn't waited for the signal of oil prices to rise , He naturally understood, which shows that Pan Asia Fund not only did not close or build positions, but also continued to sell short.
"What gave Pan Asia confidence?" Hidetomo Hirano thought about this question when he had time, but what he thought more about was "quickly end it."
After this farce is over, he will be given plenty of time to ask for instructions from Shangfeng tomorrow morning. In this way, although he has to take responsibility, he will not take everyone's responsibility like he is now.
"I guess I will be transferred overseas." Hidetomo Hirano thought to himself: Maybe he will be transferred to a good place, such as Europe or Singapore. Anyway, I have taken the blame that I don't have to bear.
"Sell! Sell!" cried the repulsive call of the vulture again.
Hidetomo Hirano looked around, and finally there were still a few takers, so he felt a little relieved.It’s not like noon now. At that time, short sellers were everywhere, hoping to follow the trend to make money. In fact, those guys who followed the trend at around $17 made a lot of money. .
At that time, it was almost the time when Hirano Hidetomo was most desperate. Even if it was a few hours later, Hirano Hidetomo still shuddered.
Fortunately, the price has stabilized.
Hirano Hidetomo stood in the pool, had a little free time, and took the opportunity to look around.
The exchange is like a bazaar in the colonial period. Although expensive things are sold inside, buyers and sellers roar and dance like barbarians. Everyone's face is distorted. Some people may appear calm on the surface. But as long as you observe carefully, you can detect the madness in the corner of the other party's eyes.
Milton, nicknamed Vulture, is even more crazy. He was originally a proprietary trader of a medium-sized Dutch bank, that is, a trader who used the difference between bank deposits and loans to make arbitrage. The transaction scale was not large, and the trading methods were also very simple. He just didn't want to follow the rules, and caused tens of millions of dollars in losses to the bank... Fortunately, he didn't lose his license, so he became an executive trader working for clients, but in terms of personality, such a scene , but it was Milton's dream.
I saw Milton actively selling crude oil for a while, and then selling crude oil contracts in front of other traders. He was very busy, with his sonorous and forceful gestures, his serious eyes...and looking outside from time to time.
Hirano Hidetomo followed Milton's eyes, and his pupils shrank sharply.
"Su Cheng—is this guy here to show off?" Hirano Hidetomo wanted to throw his eyes out and hit the Chinese man on the head.
At this time, Sioux City was wearing a tough suit and tie tied around his neck solemnly. His eyes were concentrated and his nose was straight. Anyone who looked at him would think he was a successful person in the Financial City.
Shigeru Nishioka also noticed Su Cheng, ran down from the second floor, and said to Hidetomo Hirano who walked to the side: "Your Excellency Ito asked you to pay attention to market fluctuations."
He didn't go into detail about Mr. Ito, and Hirano Hidetomo didn't care.
"You mean Sioux City? He's here to experience it, right?" Hidetomo Hirano said almost to himself.
Shigeru Nishioka didn't know if he heard it clearly, so he explained the words and went to the side by himself.
Looking at Su Cheng, Hirano Hidetomo always felt that something was wrong, but he couldn't tell what was wrong.
When it comes to experiencing life, most prudent people will choose to experience it after closing the contract they hold. Fanya Fund is a real heavy holding. Even if they want to get out now, it is not possible to do it in a few hours. Sioux City came to the transaction It is not a good choice to be leisurely by the pool.
Of course, there are also people who do this, but they are different from the Su Cheng that Hidetomo Hirano has learned about.
But Hidetomo Hirano couldn't think of a reason why he wasn't just hanging out.
In this kind of market trading pool, apart from the ups and downs of the crowd, other times it is just lukewarm. It is not impossible to see the doorway from the outside, but at least two to 30 years of practice .
No matter how you look at it, Su Cheng doesn't look like someone who knows everything about it.
Thinking of this, Hidetomo Hirano turned his attention back to the trading pool and continued his semi-mechanized work.
The existence of Sioux City also became irrelevant.
A few minutes later, Hidetomo Hirano's electronic screen vibrated, and he naturally picked it up to take a look, only to see it written in English: It is reported that OPEC's crude oil reduction plan has run aground.
Hidetomo Hirano frowned suddenly, thinking: There is so much bad news today.
The financial media are reporting OPEC news every day, some will have an effect, some will not, and it is not easy to produce an immediate effect. With tens of millions of dollars, there will always be high-level scammers who can't help it.
Still, there's nothing wrong with taking a break when this is the case.Hidetomo Hirano leaned towards the edge of the transaction pool, preparing to get more specific information from the deliveryman.
After struggling to reach the edge of the trading pool, Hidetomo Hirano gasped for breath, and then found three deliverymen in front of him.
"Swapped?" Hirano Hidetomo was looking for a familiar delivery man.
A European stretched out his hand from behind and said contemptuously, "It's for me."
"Your news is also very good." Hirano Hidetomo said with a smile, he is going to hang out in the trading pool for a long time, if he is not assigned.Therefore, he first established a good relationship with his seniors, just like he did in a Japanese company.
The European glanced at him, but he didn't say anything more.
The other party turned his head and left, and the deliveryman of Sumitomo Corporation also handed the things to Hidetomo Hirano with a serious face.
He looked a little surprised, the first thing he saw was the registration in Japanese.
"Nippon Keizai Shimbun?" This is a big newspaper, Hirano Hidetomo asked strangely: "What do you mean, why is it a Japanese newspaper?
"It's a newspaper that just went on sale. We also asked the Ministry of International Trade and Industry and the Ministry of Foreign Affairs, and confirmed the foreign news. It is very likely that OPEC has given up on reducing production capacity. Their negotiations are not going well, and the reporter also found it." Communication with the trading pool It was very time-consuming, and the deliveryman also spoke very quickly.
Hirano Hidetomo involuntarily looked at Su Cheng, the man in the light-colored suit stood there seemingly unaware, without showing the slightest expression on his face.
"It shouldn't be him, anyway, this is OPEC." Hidetomo Hirano nodded vigorously, and said: "I will observe."
OPEC's reduction plan is not unique, but news has emerged since the beginning of the year. The OPEC ministerial meeting a few months ago has put it in a formal proposal, and it is waiting for a vote to be passed. At that time, it aroused The price of crude oil market rose.
It can be said that the price of crude oil can exceed 18 US dollars, somewhat benefited from this plan.
The reason for reducing production capacity is also very legitimate. Crude oil production in Iraq and Kuwait resumed, and the economic indicators of the United States failed to meet expectations, resulting in an oversupply in the world crude oil market...
With such an agenda, it is not easy to put it on, and it is even more difficult to put it down.
"After all, it's not OPEC's official conclusion." Hidetomo Hirano returned to his seat with such thoughts, and did not make any more transactions, but looked around with some uneasiness.Sumitomo Corporation, like Pan-Asia Fund, has made a heavy position, and it is not easy to withdraw, especially in such a trading pool with artificial bidding, where the big shorts roar to close their positions, and everyone else does not immediately become long. Then excitedly took out the knife to divide the meat?
He is observing others, and others are observing him.
Before the situation became clear, only a few guys who fished in troubled waters entered into lively transactions, and more people stopped their actions instead.
Crude oil prices slipped a bit, but that's about 10 cents, so it doesn't help much.
But at the same time, the office of the Pan Asia Foundation was filled with jubilation.
10 cents is nothing to crude oil futures trading with 15 times leverage, but it is great for spread trading with 300 to 500 times leverage.
Since the London Stock Exchange is more susceptible to international transactions, while crude oil prices on the New York Exchange are more dependent on domestic supply and demand performance, OPEC's decision will first affect oil prices on the London International Crude Oil Exchange.
And with the current low level of the New York Stock Exchange, the possibility of further decline is not great.
"When the profit is raised, the size of the contract for difference must be gradually reduced." Sioux City also knows the risk of hundreds of times of leverage, and will not continue to do it like shorting crude oil.
Fanya's treasury pool increased, and Milton's morale naturally increased, and he sold crude oil again and again for a while.
With his efforts, the price of crude oil also dropped slowly until it approached the $16 mark.
"This guy..." Hidetomo Hirano gritted his teeth and stared at the quotation, taking out the electronic screen to check it from time to time.
The rumors are growing.
With the presence of OPEC, will Sumitomo continue to follow up?The losses are increasing.
However, if Sumitomo Corporation does not follow up and oil prices plummet, the losses will be difficult to recover.
"If a large amount of funds can be used to forcibly raise the price of the August crude oil contract, maybe this dilemma can be solved." Hidetomo Hirano was taken aback by his own thoughts, but the more he thought about it, the more he felt that it was feasible.
With the strength of Sumitomo and Ito Trading Co., if they do their best, not to mention controlling the market, it is still possible to bring the situation back.Even if the two firms have reservations, it is still possible to find allies in this market.
Hidetomo Hirano thought to himself that the Pan-Asia Fund and many financial companies have invested a lot of money at the price of 16 US dollars. Just forget the loss caused by 18 US dollars. Taking 16 US dollars as the price may really cause a short squeeze.
Short selling needs to be repaid. If the contract price rises step by step, as the delivery date approaches, the short sellers will have to pay a high price to close their positions and admit their losses.
It's just that the funds to be mobilized are too much.
Hidetomo Hirano had nowhere to go, so he came to the trading pool again and called Shigeru Nishioka.
... (To be continued.)
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