Forex Trading Strategy 104 - forex trading volume data

Forex Trading Strategy 104 ~ forex trading volume data

Market Analysis of the 19th of January 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

For most of the pairs, we have a clear trend on the daily chart. This should give us some good setups on H4/H1

EUR/USD: We are in a big wave 3 down
GBP/USD: This is also wave 3 down, some pull back but the alligators lines are open
USD/JPY: We are into the wave 4, but that "c" move of the wave 4 could become a new wave 3
USD/CHF: After the fall of the pair, the new direction is obviously short
AUD/USD: It looks like we are coming into the wave 4, be prudent as long as price is inside the box
EUR/JPY: "c" move of the wave 4 has became a big wave 3 in the opposite direction: Downtrend
USD/CAD: We are still in a big wave 3 up
NZD/USD: End of wave 5 or we are still in wave 4, the alligator is sleeping so we have to be prudent as long as the price is inside the box
XAU/USD: It looks like the "c" move of the wave 4 has became a new wave 3 up, long is the new direction.

For orientation/direction of trades, click  "Signals" in the menu (from Monday 19th 8:00 GMT+1)

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Should I Open An OCBC 360 Account - forex trading.co.za

Should I Open An OCBC 360 Account ~ forex trading.co.za

The interest rates for the money we put in our banks here have always been low. And they are consistently in the region of 0.01 to 0.05 percent per annum. 

An interest rate war recently started between DBS and OCBC offering higher rates than the rest. 

DBS offered the Multiplier scheme which enable you to earn a maximum of 2.08% more on your savings. However, to fully benefit from this scheme, you would require to credit a salary of SGD15k which is a tall order for many people.

The OCBC 360 account is probably a better option looking at the following criterias;

3 criterias to be met in order to earn that 3.05% interest. 

1) Credit your salary into this account every month. (min SGD 2,000)

2) Spend $400 every month on your OCBC credit card

3) Pay 3 bills from this account every month 

The first and third condition is fairly simple as crediting of salary just requires a one-off arrangement and bill payments, oh i have lots of bills, therefore 3 bills is no problem.  However, to spend $400 using of credit card might require some carefully planning as not every one my purchases are feasible to use credit card. But the best part of this is that by simply fulfilling any of the criteria, i would already earn 1.05% which is higher than most banks and as interest earned are credited every month, i can earn the interest next month if i do not fulfill its criteria this month. 

 OCBC 360 is definitely the way to go!

Update 2016
The interest rates and requirements have changed. Click to their page to find out more. It still offers the highest rates in town. 

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