SolidECN

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.

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Trust Score 4.9

Chart of the day - US500

FOMC minutes released yesterday have been rather hawkish with the document noting that US central bankers do not expect rate cuts in 2023. It also noted that while progress has been made in bringing inflation back under control, more rate hikes are needed although a slower pace may be adequate. Release can be seen as hawkish but no major long-lasting market reaction occurred in the aftermath. This can be reasoned with the fact that FOMC minutes have only repeated what the market has already known and has already been pricing in.



Taking a look at US500 chart at H4 interval, we can see that the index has been struggling to launch a larger move in either direction as of late. US500 has been trading in a 3,800 - 3,920 pts range since mid-December, awaiting catalyst for the next bigger move. While today's ADP employment report at 1:15 pm GMT is unlikely to be such a catalyst, tomorrow's NFP data may be source of elevated volatility.

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Solid ECN 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 ?)

Morning Wrap AUDUSD

Australian dollar is the best performing G10 currency after higher CPI reading for November lowered likelihood that RBA will take a pause. AUDUSD is making another attempt at breaking above the resistance zone marked with 50% retracement of the downward move launched in April 2022.

• US indices finished yesterday's trading higher, with small-caps and tech shares outperforming. Dow Jones gained 0.56%, S&P 500 moved 0.70% higher and Nasdaq jumped 1.01%. Russell 2000 added 1.49%
• Indices from Asia-Pacific traded mixed today. Nikkei and S&P/ASX 200 gained 0.9% each, Kospi added 0.3%, Nifty 50 traded flat and indices from China traded mixed
• DAX futures point to a higher opening of the European cash session today
• Global Times reports that Chinese companies resumed imports of Australian coal, with first batch of Australian coal expected to arrive in China in late-February
• According to Financial Times, United Kingdom and Japan plan to sign a defense agreement to counter threat from China
• Australian retail sales increased 1.4% MoM in November (exp. 0.7% MoM)
• Australian CPI inflation accelerated from 6.9% to 7.3% YoY in November. Core gauge accelerated from 5.3% to 5.6% YoY
• Oil prices traded under pressure following a large inventory increase signaled by API. API report pointed to a massive 14.86 million barrel build in US oil inventories while market expected a draw of 2.1 million barrels
• Cryptocurrencies trade mostly lower today. Bitcoin trades flat, Ethereum drops 0.1% and Dogecoin slides 0.5%. Gala slumps over 8%
• Precious metals trade higher today with silver adding 1.2%, gold moving 0.3% higher and platinum jumping 0.6%
• AUD and GBP are the best performing major currencies while JPY, CAD and USD lag the most

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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
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Trust Score 4.9

Chart of the Day - GBPJPY

The Japanese yen is in the center of attention today, following the Bank of Japan monetary policy. The Bank of Japan decided not to make a move today - interest rates were left unchanged and the tolerance band around target 10-year yield was left unchanged as well. This was seen as disappointment. The Bank of Japan has to intervene almost on a daily basis to bring 10-year yields down from the upper limit of the tolerance band so investors hoped that another widening of the band could be on the cards today. No such decision was made and JPY took a beating as a result. BoJ Governor Kuroda said during a post-meeting press conference that he does not believe the tolerance band needs to be widened further. Nevertheless, the term of Governor Kuroda ends in April this year and his successor may have different beliefs when it comes to markets and rates.

However, it should be noted that the Bank of Japan did make some changes today. BoJ announced that it is amending rules for funds-supply market operations. New rules allow the Bank of Japan to make loans against collateral to financial institutions on both - fixed and variable - rates. Earlier, loans with maturity of up to 10-years were only offered at fixed-rate. The move is aimed at making funds-supply market operations a viable tool for preventing excessive increases in the long-term rates.



As no changed to the rates or tolerance band was made and Bank of Japan pledge to continue with large scale bond purchases to keep yields in check, one should not be surprised that Japanese yen took a hit today. JPY was trading as much as 2.5% lower against US dollar at one point, and over 2% lower against almost all other majors. However, big part of the move has been erased already.

Taking a look at GBPJPY chart at D1 interval, we can see that the move on the pair today was massive. Pair traded 2.5% higher at one point and was testing the resistance zone ranging below 162.00 handle, and marked with previous price reactions. Nevertheless, as we have said earlier - a big part of the move was already released and GBPJPY pulled back to the 160.00 swing level.

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