Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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The main events by the morning: January 21


January, 21 2025
watermark Economic news

  • Upon assuming the office of President of the United States, Donald Trump signed a number of decrees that marked fundamental changes in the country's political course. Among his first decisions are the cancellation of 78 decrees issued by his predecessor Joe Biden, as well as the US withdrawal from the Paris Climate Agreement.


  • The President-elect of the United States immediately took action after taking office. One of Trump's first steps was to pardon 1,500 people convicted of participating in the storming of the Capitol in January 2021. He also temporarily suspended all U.S. foreign aid programs for 90 days and announced the country's withdrawal from the World Health Organization (WHO).


  • Trump has announced a number of initiatives that will determine the future economic and foreign policy of the United States. He announced the introduction of 100% trade duties for the BRICS countries, as well as 25% tariffs on goods from Canada and Mexico, which will take effect on February 1. In addition, the president announced the cessation of oil purchases from Venezuela and demanded that NATO countries increase defense spending to 5% of their GDP.


  • About Russia and Ukraine: «We will try to put an end to the Ukrainian conflict as soon as possible.» Trump noted that he would understand the possible timing of the end of the conflict in Ukraine only after a conversation with Russian President Vladimir Putin. When asked about the prospect of maintaining sanctions, Trump said he considered tariffs to be more effective. He also promised an early conversation with Putin and reiterated that Zelensky is ready for a deal with the Russian Federation. 


  • Bitcoin has fallen from record peaks amid the uncertainty surrounding Trump's policies. The cryptocurrency markets were waiting for some decrees from Trump, but in his speech, the president did not mention either the industry or bitcoin. As a result, BTC fell from yesterday's high of $109,000 to an area near $100,000. The TRUMP and MELANIA memecoins, which caused a stir in the crypto market in recent days, also lost most of their growth.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.