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Refund Policy

At Solid ECN Securities, we understand that online services may not always be perfect. That’s why we have a transparent refund policy in place to protect our customers’ rights. Our Solid-Refund policy allows customers to request a refund under certain circumstances, such as if the service was not as described, not functional, or if the customer can justify the reason for the refund.

We’ve made our refund policy simple, clear, and easy to understand to give our customers peace of mind. We stand behind our services and guarantee that if they don’t meet the description, customers have the right to request a refund.

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USD Gains after another Solid ADP Data

ADP jobs report for July was released at 1:15 pm BST today. Report was expected to show a 190k jobs increase - a significant deterioration from almost half a million reported for June (+497k). However, an actual report showed a much higher employment gain of 324k!  This was another strong ADP reading and we have observed a hawkish reaction on the markets - USD gained, GOLD dropped and US index futures ticked lower. This should not come as a surprise as another strong report from US jobs market boosts odds of a Fed rate hike at September meeting. ADP data released today was the final hint ahead of official NFP report scheduled for Friday, 1:30 pm BST.

 

 

EURUSD deepened drop following release of solid ADP data. EURUSD painted a fresh daily low near 1.0960 mark. However, part of the move lower was already erased.

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Chart of the Day - EURUSD

The dollar continues to appreciate after yesterday's strong labor market data and the latest dovish comments from the ECB president, Lagarde. Yesterday's ADP report showed employment growth of 324,000, compared to significantly lower expectations of 190,000. If the good ADP data are confirmed by Friday's NFP reading, it may encourage the Fed to continue raising interest rates at the September FOMC meeting. The discrepancy between NFP and ADP was quite large last month, but growth above 200,000 NFP would still give a very high chance of a Fed hike in September. Analysts' estimates assume a publication at the level of 200,000. Currently, the market is pricing an 82% chance of no hike at the next September meeting of the Fed. However, these estimates could still change significantly if subsequent data continue to show a strong labor market and rebounding inflation.

 

 

This last, more hawkish sentiment favors the appreciation of the dollar, which, after reaching a medium-term peak at the level of 1.12640, continues to correct downward. Historically, the announcement of the end of the interest rate hike cycle almost always coincided with a weakening of the dollar, regardless of the macroeconomic situation. Recent comments from Jerome Powell indicate that the Fed would like to see sustained low inflation and a weakening labor market. For this reason, recent strong NFP publications raise questions about a pause or end to the hikes. A continuation of the strengthening of the dollar could cause the EURUSD pair to retest the level of 1.0855.

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Solid ECN %15 Deposit Bonus

Are you looking for a reliable and trustworthy forex broker that offers a generous deposit bonus? Look no further! Solid ECN forex broker offers a 15% deposit bonus to all new clients, giving you the opportunity to boost your trading capital and increase your potential profits.

 

One of the main advantages of choosing our forex broker is the competitive trading conditions we offer. With tight spreads, fast execution, and a wide range of trading instruments, you can take advantage of the best opportunities in the market. Additionally, our advanced trading platform and comprehensive educational resources provide you with the tools and knowledge you need to succeed in the world of forex trading.

 

But that's not all - our 15% deposit bonus is just one of the many benefits we offer to our clients. We also provide regular promotions, cashback offers, and loyalty rewards to help you get the most out of your trading experience. So why wait? Sign up with our forex broker today and start taking advantage of everything we have to offer!

[Solid ECN ✔️]

Refund Policy

At Solid ECN Securities, we understand that online services may not always be perfect. That’s why we have a transparent refund policy in place to protect our customers’ rights. Our Solid-Refund policy allows customers to request a refund under certain circumstances, such as if the service was not as described, not functional, or if the customer can justify the reason for the refund.

We’ve made our refund policy simple, clear, and easy to understand to give our customers peace of mind. We stand behind our services and guarantee that if they don’t meet the description, customers have the right to request a refund.

[Solid ECN ✔️]

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 …)
 

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Why Trading with Solid ECN?

Solid ECN is a broker that offers fast withdrawal and deposit options for its clients. With Solid ECN, you can quickly and easily access your funds when you need them. The fast deposit option allows you to quickly add funds to your account so you can take advantage of market opportunities as they arise.

In addition to fast withdrawal and deposit options, Solid ECN also offers a generous %15 deposit bonus. This means that when you make a deposit into your account, Solid ECN will add an additional %15 to your balance, giving you even more funds to trade with.

Overall, Solid ECN is a broker that is committed to providing its clients with the best possible trading experience. With fast withdrawal and deposit options, as well as a generous %15 deposit bonus, Solid ECN is a great choice for traders looking for a reliable and efficient broker.

[Solid ECN ✔️]

Why Trading with Solid ECN?
Solid ECN is a broker that offers fast withdrawal and deposit options for its clients. With Solid ECN, you can quickly and easily access your funds when you need them. The fast deposit option allows you to quickly add funds to your account so you can take advantage of market opportunities as they arise.

In addition to fast withdrawal and deposit options, Solid ECN also offers a generous %15 deposit bonus. This means that when you make a deposit into your account, Solid ECN will add an additional %15 to your balance, giving you even more funds to trade with.

Overall, Solid ECN is a broker that is committed to providing its clients with the best possible trading experience. With fast withdrawal and deposit options, as well as a generous %15 deposit bonus, Solid ECN is a great choice for traders looking for a reliable and efficient broker.

[Solid ECN ✔️]

The impact of the US economic crisis on businesses and families

The US economy is in a state of crisis. The Federal Reserve and the Administration are not taking the economic slowdown seriously. They do not understand that it will not be easy to reverse or slow down. The slowdown is gathering unstoppable speed.

The key data released yesterday shows that the economy is crumbling. Durable goods orders fell 5.2%, the biggest decline since 2020. Mortgage rates also hit a 22-year high.

This is a major turning point for the economy. The Federal Reserve and the Administration are now facing a choice: they can either take action to slow down the economy, or they can let it collapse.

If they do nothing, the economy will likely enter a recession. This would have a devastating impact on businesses and families across the country.

The Federal Reserve has a limited number of tools to slow down the economy. They can raise interest rates, which will make it more expensive for businesses to borrow money. They can also sell assets from their balance sheet, which will reduce the amount of money in the economy.

However, these measures will also slow down economic growth. The Federal Reserve will need to carefully balance the risks of a recession with the risks of inflation.

The Administration also has a role to play in preventing a recession. They can provide tax breaks and other stimulus measures to help businesses and families. They can also work to address the supply chain disruptions that are causing inflation.

The next few months will be critical for the US economy. The Federal Reserve and the Administration need to take action to prevent a recession. If they do not, the economy could collapse, with devastating consequences for businesses and families across the country.

[Solid ECN ✔️]

Chart of the Day - CNH Cash

Chinese equities were outperformers during today's Asia-Pacific session and there was a good reason behind this outperformance. A number of measures was announced over the weekend by Chinese authorities with an aim of supporting domestic equity markets. Those measures include:

• Halving stamp tax on securities trading (from 0.10% to 0.05%).
• Relaxing deposit requirements while trading at margin (from 100 to 80%).
• Imposing limits on stock selling by some institutions.

While the first two measures listed are clearly positive for stock markets and have a potential to boost liquidity as well as encourage more investors to trade, the impact of the third measure is not so simple. Of course, putting restrictions on stock selling by major shareholders will reduce downward pressure on prices but it is a short-term measure. After all, putting restrictions on how investors can manage their portfolios is not a move that inspires confidence. It looks like that after an initial euphoria, the market seems to have realized it and started to shed gains.

 

 

Taking a look at Chinese index CHN.cash chart at H4 interval, we can see that the index launched today's trading with a big bullish price gap (over 3.5%) and traded near the downward trendline at the start of today's trading. However, no breakout above the trendline occurred and gains started to be trimmed after session launch. Price dropped back below the 6,300-pts price zone and reduced daily gain to below 1%. The key question now is whether the sell-off will continue and the stock drops below the 6,150-pts zone.

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Germany Consumer Sentiments - Lower GFK Reading

A recent report shows that German consumers are feeling less confident about the economy. The GfK, a market research company, found that consumer sentiment in Germany is lower than expected and has decreased from the previous reading. This has caused a slight drop in the value of futures contracts on the DAX, a stock market index in Germany.

 

This decrease in consumer confidence could be a sign that the German economy is weakening. The European Central Bank (ECB) has been tightening its monetary policy, but with this new information, there may be pressure to keep interest rates unchanged at their next meeting in September.

 

 

According to the GfK, the chances of a strong economic recovery before the end of the year are decreasing. It is unlikely that private consumption in Germany will have a positive impact on the economy in 2023. This means that people may not be spending as much money, which could slow down economic growth.

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Fundamental Outlook

The US dollar has risen slightly after a strong run, but traders are waiting for more economic data before making any big bets. The Japanese yen, on the other hand, is near levels that triggered intervention last year.

 

The dollar index is up over 2% this month and has had six weeks of gains due to strong US economic data. This has led to expectations that interest rates may stay higher for longer. Federal Reserve Chairman Jerome Powell suggested that further rate increases may be needed to control inflation, but he also promised to move with care.

 

This week, there will be several important economic data releases, including personal consumption expenditure data and non-farm payrolls. Markets are currently pricing in a 78% chance that the Fed will not change interest rates next month, but the odds of a hike by November have increased.

 

In Europe, the euro zone CPI report will be released on Thursday and is expected to have a big impact on the market. The euro is currently flat at $1.081.

 

The yen has been under pressure due to the widening gap in interest rates between Japan and the US. The currency is currently at 146.69 per dollar, near its weakest level since November 9th. Traders are watching for any signs of intervention from Japanese authorities.

 

If US data continues to be strong, there could be more pressure on the yen. However, the threat of intervention has retreated at sub-150 levels due to a lack of comments from Bank of Japan Governor Kazuo Ueda and no signs of verbal intervention yet.

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Euro’s Recovery Hinges on Inflation Data and US PCE Price Index

The Euro is trying to recover against the US Dollar and British Pound before the release of Euro area inflation data and US core PCE price index data. The Euro area economy has had some recent positive surprises, while the US economy has been less overwhelming. However, there is a risk that activity in the Euro area could contract again due to a drop in services PMI. 

 

The key focus is on Euro area inflation data and US core PCE price index data. If the data meets expectations, the Euro's rebound could struggle. However, if the US core PCE figure is lower than expected and the drop in Euro area inflation is smaller than expected, it could be a bonus for the Euro. 

 

 

There is still resistance for the Euro to clear before its short-term outlook turns positive again. The immediate hurdle is at last week's high of 1.0930, followed by a stronger barrier at the early-August high of 1.1065. A break below 1.0500-1.0600 area is needed to pose a threat to the multi-month uptrend.

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CPI in France Significantly Higher

France inflation data for August was published at 7:45 am BST time today:

• CPI: actual 4,8% y/y; expected 4,6% y/y; previously 4,3% y/y
• HICP: actual 5,7% y/y; expected 5,4% y/y; previously 5,1% y/y

Inflation data came in worse than expected. France is the only country among major EU members today that was expected to publish higher CPI data. Later today, investors will be presented with HICP and HICP core inflation data from the EU. EUR is clearly appreciating after the publication and EURUSD is trading higher.

 

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Chart of the Day - USDCAD

This week, there have been several important reports about the economy of the United States, and more are expected. One report showed that the number of new job openings is decreasing, which means the job market is not as strong as it was. Another report showed that the growth of the US economy was lower than expected. If future reports show that the job market and economy are getting weaker, the value of the US dollar could decrease. This could also mean that the Federal Reserve will stop increasing interest rates. On the other hand, the Canadian dollar is doing well because of high oil prices and good economic data. The Canadian economy is strong, and inflation has decreased to 3.3%.

 

 

From a technical standpoint, USDCAD reacted to the key resistance zone around 1.365. This level has repeatedly thwarted growth in this currency pair in the past, and it was the same this time. If USDCAD returns to growth and breaks this level, we may see a sharp rise, at least in the short term—historically, USDCAD hasn't stayed above this level for long. Otherwise, if the current trend continues, the next support zones worth noting are 1.335 and 1.308, marked on the chart with a green line.

 

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WTI is testing $83 per barrel area amid expectations of further supply cuts

 

WTI (West Texas Intermediate) is a type of crude oil that is used as a benchmark for oil prices. It is currently trading at around $83 per barrel, which is higher than usual. This is happening even though the US dollar has become stronger, which usually causes oil prices to go down.

 

The main reason for the increase in WTI price is that people are worried that OPEC+ countries will reduce the amount of oil they produce. Saudi Arabia has already said that it might continue to produce 1 million fewer barrels of oil per day until October. Russia might also continue to produce 0.5 million fewer barrels of oil per day until October.

 

Another thing that could affect oil production is the hurricane season in the Gulf of Mexico. This area produces around 2 million barrels of oil per day, but if there are hurricanes, production could be reduced. The Gulf of Mexico also has many natural gas drilling rigs, so the price of natural gas (NATGAS) could also be affected.

 

 

Barclays thinks that the reduction in oil production by OPEC+ countries is more important than any changes in demand for oil in China. They expect the price of Brent (another type of crude oil) to go up to $97 per barrel next year.

 

Finally, it’s worth noting that a recent report from the US showed that there are 10.5 million fewer barrels of crude oil in storage than there were before. This means that there is less oil available, which could also cause prices to go up.

 

 

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Chart of the Day - USDCAD

The value of the US dollar compared to the Canadian dollar (USDCAD) might change a lot today in the early afternoon. This is because two important reports will be released at 1:30 pm BST. One report is about jobs in the US for August and the other is about Canada's economy for April-June 2023. People will pay more attention to the US jobs report.

 

The US jobs report for August is one of the last two important reports before a meeting on September 20, 2023. The other report is about US prices for August and will be released on September 13, 2023. The jobs report today is expected to show that 170,000 more people have jobs, and that the unemployment rate and how much people earn did not change (3.5% and 4.4% more than last year). If the report shows fewer new jobs, it would mean that the job market in the US is not doing well.

 

For Canada, people expect that the economy grew less from April-June 2023 (1.2%) than from January-March 2023 (3.1%).

 

 

If we look at a chart of USDCAD, we can see that it is close to an important value of 1.3500. If it goes below this value, it could mean that the value of the US dollar will keep going down compared to the Canadian dollar. We will know more around 1:30 pm BST when the reports are released.

 

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Solid ECN Securities: A Safe and Reliable Forex Broker with Comoros Union Regulation

 

Solid ECN Securities is a forex broker that is authorized and regulated by the Comoros Union with reference number HY00623411. It offers trading on Foreign Exchange (Forex or FX) and Contracts for Difference (CFDs), which are complex financial products that are traded on margin. Solid ECN Securities is a safe and reliable broker with an experienced and professional team.

 

At Solid ECN Securities, you can access over 200 products with the next-generation trading platform MetaTrader 5. The company offers unique trading conditions for ECN accounts, including no minimum deposit, spread from 0 pips, leverage up to 1:1000, and 7 days Zero Swap on Major FX Pairs.

 

In addition to its competitive trading conditions, Solid ECN Securities is committed to upholding the highest standards of compliance and transparency. Its Anti-Money Laundering (AML) policy outlines the measures it has put in place to prevent money laundering and the financing of terrorism, in line with the latest international standards and regulations.

 

[Solid ECN ✔️]

Solid ECN is a reputable forex broker known for its tight spreads and low commission. It offers competitive trading conditions with a spread that remains tight, providing an advantage for traders who deal in large volumes. The commission charged is only $4 per 1 standard lot, making it an attractive option for both novice and experienced traders. This cost-effective structure, combined with reliable execution and robust trading platforms, makes Solid ECN a preferred choice for many forex traders.

[Solid ECN ✔️]

Introducing **Solid ECN Securities**, a beacon of trust and reliability in the world of forex trading. Registered under the number HY00623411, our regulation stands as a testament to security and professionalism.

 

At Solid ECN Securities, we understand the importance of privacy in today's digital age. That's why we've implemented a robust and stringent privacy policy, designed to safeguard your personal information. We believe in maintaining the highest standards of confidentiality, ensuring that your data remains secure at all times.

 

Trade with confidence, knowing that your privacy is our priority. With Solid ECN Securities, you're not just investing in forex, you're investing in peace of mind.