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 8


January, 08 2025
watermark Economic news

  • Trump has published a map of the United States with Canada, causing a political outcry. The ex-president continues to provoke the Canadian authorities and the opposition by announcing his plans for the country's accession to the United States. Not only Prime Minister Justin Trudeau is strongly opposed, but also the leader of the Conservative Party, Pierre Pouillevre, who promised to prevent the implementation of such initiatives if he won the election.


  • The Russian stock market expects to recover in 2025. Analysts predict an increase in the Moscow Exchange index to 3300-3700 points if geopolitical risks decrease, the key interest rate decreases and high dividends remain. After a weak 2024, investors are counting on improved financial performance.


  • The yuan fell to a minimum amid fears of Trump's sanctions. The yuan exchange rate reached 7.35 per dollar, the highest since September 2023. Markets are afraid of new duties that could force the People's Bank of China to weaken the national currency. On the Moscow Stock Exchange, the yuan also fell to 13.59 rubles (minus 3 kopecks per day).


  • The Contact Group for Ukraine will approve the plan until 2027. At a meeting in Ramstein on January 9, NATO will coordinate Ukraine's long-term military needs, allocating responsibility for supplies in eight key areas, including air defense, armored vehicles and drones. The United States is likely to announce the final aid package under Joe Biden's presidency.


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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.