Verified Company Solid ECN ✔️ Posted March 20, 2023 Author Verified Company Report Share Posted March 20, 2023 AUDJPY Swiss National Bank announced that UBS will buy Credit Suisse in a government-arranged deal. UBS will purchase CS for 3 billion CHF and will get additional 9 billion CHF in government guarantees. Apart from that, 10 billion CHF in additional liquidity will also be provided Bank shares underperformed in early trading on Monday as UBS-CS deal includes writing down of AT1 bonds to zero. As those bonds have notional value of around 16 billion CHF, there concerns over exposure of other banks ECB President Lagarde hopes that the rescue deal will be enough to calm turmoil in European banking sector. Lagarde also said that ECB is ready to support European banks with loans should they require it Fed Chair Powell and US Treasury Secretary Yellen issued a joint statement stressing that US banking and financial systems are resilient Fed along with 5 other central banks (ECB, BoJ, BoE, SNB and BoC) announced actions to boost USD liquidity. Those 6 central banks will now hold daily auctions for USD through swap lines, instead of weekly auctions as it was before Bank of Japan said that there were no bids in a daily FX swap auction for USD today, in a sign that liquidity crunch is not as severe as feared US and European index futures launched new week's trade with small bullish price gaps. However, those gains were quickly erased and now both DAX and S&P 500 futures trade more or less flat compared Friday's cash closing prices Indices from Asia-Pacific traded lower today. Nikkei and S&P/ASX 200 dropped 1.4%, Kospi traded 0.6% lower, Nifty 50 plunged 1.2% Indices from China traded lower with Hang Seng (-3.4%) being top underperformer RBA Assistant Governor Kent said that Australian banks are resilient. Kent also said that RBA will take into account financial conditions while making next interest rate decision Goldman Sachs slashed its 1-year ahead Brent price forecast from $100 to $94 per barrel People's Bank of China left 1- and 5-year rates unchanged at 3.65 and 4.30%, respectively. Decision was in-line with market expectations Risk-off moods can be on cryptocurrency markets at the beginning of a new week - Bitcoin drops 2%, Ethereum trades 2.6% lower and Dogecoin dips 1.9% Energy commodities drop at the start of a new week - WTI drops over 2% and looks towards a test of the $65 per barrel area Precious metals trade mixed - gold gains 0.7%, silver adds 0.2% and platinum drops 0.6% CHF and JPY are the best performing major currencies while AUD and NZD lag the most AUDJPY, a well-known risk barometer, is taking a hit at the beginning of new week's trade. The pair is attempting to make a break below a mid-term support zone ranging above 88.00. Note that similar attempts were made last week but all of them failed. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 21, 2023 Author Verified Company Report Share Posted March 21, 2023 S & P Also news that JPMorgan CEO Jamie Dimon is leading discussions with other CEOs of other large US banks in an effort to provide further support, including potentially converting their $30 billion in deposits into a capital injection, only slightly calmed investors' nerves. According to Wall Street Journal, preliminary discussions have been focused on ways that the banks can boost the beleaguered banks capital. Also in play is a potential investment by the banks themselves. Also according to CNBC, JPMorgan Chase is advising First Republic Bank on strategic alternatives, one of which is capital raise which could dilute current shareholders. A sale of the bank is also taken into consideration. First Republic (FRC.US) stock has been in free fall recently. Last week alone, a troubled San Francisco-based lender lost nearly 70.0% of its market value. Sell-off accelerated in pre-market, however sellers failed to retest all-time low at $9.00 and buyers managed to erase some of the losses in the evening. Nevertheless, the main sentiment remains bearish and only a break above the local resistance zone around $42.25 could let to a bigger upward correction. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 22, 2023 Author Verified Company Report Share Posted March 22, 2023 Solid ECN Solution for Inflation We have inflation concerns at Solid ECN Securities. Therefore we came up with an ultimate solution by providing multiple wallets to our customers. They can save their assets, investments, and profits in the most demanded currencies and cryptos. Euro wallet Bitcoin wallet US dollar wallet Pound sterling wallet Canadian dollar wallet Solid ECN offers trading more than 250 products with a Bitcoin based account in a true ECN environment! Feel free to open an account with Solid ECN, the best place to trade Forex, Commodities, Indices and cryptocurrencies. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 24, 2023 Author Verified Company Report Share Posted March 24, 2023 Free Market Analysis Subscription Solid ECN team delivers professional market analysis with both fundamental and technical aspects on a daily basis on 6 platforms. Website Email Linkedin Twitter Instagram Facebook Feel free to sign up for a demo account to receive the latest market update to your inbox, or follow us on social networks. Our analysis helps our clients to trade more efficiently, cut losses, and find the entry and exit points easier. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 27, 2023 Author Verified Company Report Share Posted March 27, 2023 Bitcoin The largest cryptocurrency has fallen below $28,000 on a wave of general risk asset aversion on exchanges and news from the Binance exchange. Ethereum and smaller projects are also losing ground. The downward movement accelerated after the largest cryptocurrency exchange announced that it had temporarily halted spot cryptocurrency trading on the platform, for as yet unexplained technical reasons. Bitcoin, H1 interval. The price has failed to overcome the $28 800 level and has formed a bearish double peak formation. The potential scope of the correction may stop at the SMA200 (red line) or at the level of the 23.6 Fibonacci retracement of the upward wave initiated on 10 March, i.e. at the level of $26 700, which also coincides with the decline after the Fed decision. A potential retracement deeper could foreshadow that sellers would want to test the 38.2 Fibo retracement at $24,000. Ethereum, H1 interval. In the event of a deepening correction on Ethereum, key support is located in the region of $1710 -$1694. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 28, 2023 Author Verified Company Report Share Posted March 28, 2023 FRA40 pulls back as investors continue to follow the banking turmoil FRA40 and other major European indices gave back most of early gains in the afternoon amid renewed concerns over the European banking sector. French prosecutors raided five banks including Societe Generale, BNP Paribas and HSBC as part of an investigation into suspected cases of tax fraud and money laundering related to dividend payments. Meanwhile, protests against the pension reform continue and strikes entered a 10th day on Tuesday, with public transport disrupted and deliveries halted. From a technical point of view, the French index pulled back as buyers failed to break above 50 SMA (green line) around 7180 pts. If sellers manage to uphold control, downward move may deepen towards upward trendline or even crucial support zone in the region 6550 pts - 6650 pts, which is marked with lower limit of the 1:1 structure, 200 SMA (red line) and 23.6% Fibonacci retracement of the upward wave launched in March 2020. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 30, 2023 Author Verified Company Report Share Posted March 30, 2023 Solid ECN Solution for Inflation We have inflation concerns at Solid ECN Securities. Therefore we came up with an ultimate solution by providing multiple wallets to our customers. They can save their assets, investments, and profits in the most demanded currencies and cryptos. Euro wallet Bitcoin wallet US dollar wallet Pound sterling wallet Canadian dollar wallet Solid ECN offers trading more than 250 products with a Bitcoin based account in a true ECN environment! Feel free to open an account with Solid ECN, the best place to trade Forex, Commodities, Indices and cryptocurrencies. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted March 31, 2023 Author Verified Company Report Share Posted March 31, 2023 DE30 German retail sales data for February was released today at 7:00 am BST. Report was expected to show a 0.5% MoM increase as well as 5.1% YoY drop in retail sales. However, actual data turned out to be much worse than expected with monthly data showing a 1.3% drop and annual data showing 7.0% YoY plunge. DE30 ticked lower following the release while EURUSD saw a minor uptick. DE30 dipped after miss in German retail sales. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 1, 2023 Author Verified Company Report Share Posted April 1, 2023 Cardano Bitcoin stays above $28,000, smaller projects record increases Among altcoins, Cardano records record highs Growth is fueled by the prospect of Cardano's integration with the Ethereum Virtual Machine The Ethereum Virtual Machine is a place for developers to build decentralized applications. The new feature is expected to allow Ethereum developers to create projects on the Cardano network using the Solidity coding language used on Ethereum Solidity. Without installing new tools or learning another programming language.Thanks to a new feature provided by Milkomeda, Cardano holders may soon be able to access Ethereum Virtual Machine (EVM), directly from their digital wallets. Investors positively welcomed the information about the potential expansion of the Cardano blockchain utility. This information was confirmed yesterday by Sebastien Guillemot, CEO of Milkomeda. Additional features are expected to include rewards for so-called staking and the construction of smart contracts on the Ethereum decentralized system (EVM). According to Guillemot, rewards for staking from Cardano's digital products built on Milkomeda will be automatically paid, every 5 days. Cardano chart, D1 interval. The price has overcome short-term resistances approaching a test of the local peaks of mid-February 2023, at $0.42. The SMA100 average (black) is wrapping upwards and if the bulls maintain momentum it will be possible to cross the SMA200 from below, called in AT a bullish 'golden cross' formation. The formation could signal a change in trend. However, if resistance holds back the bulls the first important support should be sought at $0.35, which is set by the SMA200. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 3, 2023 Author Verified Company Report Share Posted April 3, 2023 Platform The popular trading platforms are narrowed to a few. We chose the newest and the most advanced platform that is available in the market, the MetaTrader 5! Why MetaTrader 5? Contrary to commune belief, MetaTrader 5 is not an upgrade of MT4. The MT4 platform was developed for trading in the Forex environment, whereas MT5 was coded for CFDs, Stocks, and futures access. To be short, MetaTrader 5 is for more experienced and advanced traders, but before we go with the MT5, at Solid ECN we ran a survey of the traders we know, and found out that most rookies and novice users are already with the MT5 platform, and for the first time the MT5 users have surpassed the MT4’s! Advantages MT4 has 9-time frames, whereas MT5 offers 21-time frames. More time frames assist technical analyzers to have a better conception of the market movement. MT 4 has 4 pending orders, whereas MT5 provides 6 types of pending orders. MT 4 doesn’t have the market depth, but MT5 market depth is accessed within the chart. MT5 has the Economic calendar on default. MT4 has 4 types of pending orders, whereas MT5 holds 6 types. MT4 allows hedging only, whereas MT5 allows both hedging and netting on request. MT5 has 38 technical indicators, 44 analytical objects and unlimited charts Partial order filling policies (fill/kill or cancel return) is another advantage of the MT5 for advanced traders. The strategy tester of the MT5 platform is multi-threaded but MT4 is single-threaded. MetaQuote corporation has been sending announcements about stopping MT4 updates. Therefore, we believe it was in the best interest of all parties to go with the MT5 platform! Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 4, 2023 Author Verified Company Report Share Posted April 4, 2023 AUDUSD US indices finished yesterday's trading mixed - S&P 500 gained 0.37%, Dow Jones moved 0.98% higher, Nasdaq dropped 0.27% and Russell 2000 traded flat Indices from Asia-Pacific traded mostly higher today - Nikkei gained 0.3%, S&P/ASX 200 traded 0.1% higher, Kospi added 0.3% and NIfty 50 moved 0.2% higher. Indices from China traded mixed DAX futures point to a higher opening of the European cash session today The Reserve Bank of Australia decided to keep the main rate unchanged at 3.60% at today's meeting. Such a decision was expected. AUD dropped as wording of the statement hinted that future rate hikes are not so certain RBA noted that Australian banking system is strong, well capitalized and has ample liquidity, and therefore should not be viewed to be at similar risk as recently-failed banks in Europe or the United States China has once again voiced discontent over possible meetings of Taiwanese president with US officials, saying that it will undermine regional peace, security and stability ECB Simkus said that the European Central Bank is done with the larger part of the rate cycle. ECB Holzmann said that there is likely room for another 50 basis point rate hike SNB Schlegel said that Swiss central bank is ready to conduct more FX interventions if necessary South Korean CPI inflation decelerated from 4.8 to 4.2% YoY in March (exp. 4.3% YoY) while core gauge stayed unchanged at 4.0% YoY. This was the lowest reading of headline CPI since March 2022 Morgan Stanley lowered its Q4 2023 Brent price forecast from $95.00 to $87.50 per barrel and 2024 forecast from $95 to $85 per barrel. Bank says that OPEC output cut hints that demand must be weak Major cryptocurrencies are trading higher today - Bitcoin gains 0.7%, Ethereum trades 0.8% higher and Dogecoin rallies around 5%. Dogecoin surged yesterday after Elon Musk changed Twitter logo to Shiba Inu dog Energy commodities are trading higher - oil gains around 0.4% while US natural gas prices jump 1.2% Precious metals are pulling back - gold and platinum trade 0.3% lower while silver drops 0.6% NZD and USD are the best performing major currencies while JPY and AUD lag the most AUDUSD is pulling back after the RBA decided to keep rates unchanged. The pair is retesting a recently-broken 0.6765 resistance zone but this time as a support. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 6, 2023 Author Verified Company Report Share Posted April 6, 2023 Refund Policy There is no perfection in services online, and when funding is involved, we believe that the merchant should have a transparent refund policy. Solid ECN Securities acknowledges customer rights, and for that reason, we drafted the Solid-Refund policy. There are circumstances when it is essential to return payment. Clients may submit a refund petition if the merchant service was not as described or the service was not functional or if the client justifies the reason. We tried to make the money return policy concise, simple, and clear to give our customers a feeling of security. That is why we guarantee our services, and if it wasn’t as described the consumer has the right to apply for a money return. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 10, 2023 Author Verified Company Report Share Posted April 10, 2023 3 Markets to Watch Investors that will be returning to the markets after Easter holidays and will face a number of top-tier market events in the week ahead. Rate decision from the Bank of Canada, Q1 earnings from major US banks as well as FOMC minutes and US inflation data are highlights in this week's calendar. Be sure to watch GOLD, US500 and USDCAD in the week ahead. GOLD A number of top-tier data releases from the United States will be offered to investors this week, including CPI for March (Wednesday, 1:30 pm BST), FOMC minutes (Wednesday, 7:00 pm BST) as well as retail sales for March (Friday, 1:30 pm BST). All of those may shed light on what Fed does next - is a 25 bp rate hike in May still in play or will the Fed pause the rate hike cycle? Higher CPI reading and poor retail sales data may see dovish bets in the markets increase. This, in turn, may help gold look towards highs in the $2,060 per ounce area. US500 Wall Street earnings season for Q1 2023 will begin this Friday with the release of reports from major US banks. JPMorgan, Wells Fargo and Citigroup are set to report their financials before the opening of the Wall Street session on Friday. Beats and misses in results will be company-specific but investors are also likely to be offered hints on an issue with more broad-based implications - impact of recent banking turmoil on the economy, businesses and credit action. Recent data from the Dallas Fed showed signs of a crunch in consumer loans. Confirmation that deterioration in credit action is indeed taking place may deteriorate market moods. USDCAD USDCAD will be one of the FX to watch on Wednesday. Not only because US CPI data for March and FOMC minutes will be released but also because the Bank of Canada is set to announce the rate decision at 3:00 pm BST. No cut is expected as the Bank of Canada strongly hinted that the rate hike cycle is over. However, wage growth in Canada remains elevated, which should exert upward pressure on inflation. Having said that, some hawkish remarks may be offered by BoC. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 10, 2023 Author Verified Company Report Share Posted April 10, 2023 Trading Products A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world. At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments. As of writing the list contains 250 products including: Forex (Major | Crosses | Minor) Precious Metals (Gold | Silver | Palladium | Platinum) Energy (Brent | WTI) Indices (spot) Nasdaq Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more …) Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 11, 2023 Author Verified Company Report Share Posted April 11, 2023 AUDUSD US indices finished yesterday's trading mostly higher. S&P 500 gained 0.10%, Dow Jones moved 0.3% higher and Russell 2000 rallied 1%. Nasdaq was a laggard and finished flat Indices in Asia-Pacific traded mostly higher today - Nikkei and S&P/ASX 200 gained around 1.2% each, Kospi rallied 1.4% and Nifty 50 traded 0.6% higher Indices from China traded 0.1-0.5% lower DAX futures point to a higher opening of the European cash session today New Bank of Japan Governor Ueda said that a small rate hike would not be a problem for the Japanese financial system. Ueda also said that he agreed with PM Kishida that there is no need to revise government-BoJ joint statement AUD gains after Australia and China reached agreement on barley exports and Australia suspended WTO dispute against China Fed Williams said he expects inflation to get back under 2% by 2025 Citigroup expects oil to drop below $70 per barrel amid slower-than-expected demand recovery in China and significant production potential in Iraq and Venezuela Chinese CPI inflation decelerated from 1.0 to 0.7% YoY in March (exp. 1.0% YoY). PPI inflation came in at -2.5% YoY as expected (-1.4% YoY previously) Bitcoin jumps 3% and trades above $30,000 mark for the first time since June 2022 Energy commodities trade mixed - oil gains 0.5% while US natural gas prices drop 0.3% Precious metals benefit from USD weakness - gold gains 0.5%, silver trades 0.6% higher and platinum adds 0.4% AUD and EUR are the best performing major currencies while USD and NZD lag the most AUDUSD bounced off the 0.6630 support zone and climbed back above the 0.6660 area. Improvement in Australia-China trade relations is driving today's upward move on the pair. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 12, 2023 Author Verified Company Report Share Posted April 12, 2023 Solid ECN Affiliate Program Become part of the Solid ECN Affiliate Program and be a member of one of the most profitable affiliate programs globally. Start earning a tangible income from your existing traffic. With an affiliate program that grants the highest conversion rates, an extensive generous payment plan with the highest commission percentage available, Solid ECN is your safe trustworthy companion. At Solid ECN we enable our affiliates by offering technology, support, and tailored tools (including banners and widgets) to have a world-class, hassle-free experience! High-end Commissions True ECN/STP Execution Competitive Commission Model Global Payment Methods Fast & on-time Payments Marketing Materials & Generous Promotions 24/7 Client Support Daily Tracking and Reporting Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 14, 2023 Author Verified Company Report Share Posted April 14, 2023 No Deposit Fee The commission our customers pay for adding funds to their trading accounts via any payment options is zero at Solid ECN. When a transaction is made to a trading account, a part of the transferred amount is deducted by the payment processor as commission. Solid ECN covers transaction fees, and we named it the Solid-Cover! All clients of Solid ECN receive the actual deposit with no deduction instantly to their trading account. > Instant Deposit: Deposit to your trading account to catch the market opportunities instantly > No Fee: No fee applies on any transaction of yours > Receive Full Amount: Receive the actual deposit with no deduction instantly to your trading account. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 17, 2023 Author Verified Company Report Share Posted April 17, 2023 No Deposit Fee The commission our customers pay for adding funds to their trading accounts via any payment options is zero at Solid ECN. When a transaction is made to a trading account, a part of the transferred amount is deducted by the payment processor as commission. Solid ECN covers transaction fees, and we named it the Solid-Cover! All clients of Solid ECN receive the actual deposit with no deduction instantly to their trading account. > Instant Deposit: Deposit to your trading account to catch the market opportunities instantly > No Fee: No fee applies on any transaction of yours > Receive Full Amount: Receive the actual deposit with no deduction instantly to your trading account. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 20, 2023 Author Verified Company Report Share Posted April 20, 2023 Solid ECN - Account Types Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online. All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs. United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals. Whether you’re a casual trader or experienced investor, Solid ECN offers an extensive range of account options. Through our true ECN accounts, we’re able to deliver spreads from 0 pips and millisecond execution against best bid / ask prices—all with world-class customer service. Link to comment Share on other sites More sharing options...
Verified Company Solid ECN ✔️ Posted April 21, 2023 Author Verified Company Report Share Posted April 21, 2023 EURUSD Flash PMI indices for April from France and Germany were released at 8:15 am BST and 8:30 am BST, respectively. French reading was mixed - services index showed a big and unexpected improvement while the manufacturing sector showed large and also unexpected deterioration. Deterioration in manufacturing, which reached 35-month low, can be explained with massive employee strikes that are occuring in France in response to new pension reform. Improvement in services is puzzling but we will have to wait for the final release for details. German reading was mixed on the same note - miss in manufacturing and beat in services. However, in case of German data, strikes cannot be used as an explanation so we will have to wait for final data with sector/industry breakdown. France Manufacturing: 45.5 vs 47.9 expected (47.3 previously) Services: 56.3 vs 53.5 expected (53.9 previously) Germany Manufacturing: 44.0 vs 45.6 expected (44.7 previously) Services: 55.7 vs 53.3 expected (53.7 previously) EUR ticked higher following the release of French data but the move was minimal. Indices also moved higher in a knee-jerk move but have later turned lower. Those moves were magnified after German release with EURUSD adding to previous gains and DE30 deepening slide. DE30 deepens drop below 15,900 pts price zone after mixed PMIs from France and Germany. Link to comment Share on other sites More sharing options...
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