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 24


January, 24 2025
watermark Economic news

  • The European Commission has completed an investigation against the social network X. The company now faces a fine of over $100 million for possible violations of the Digital Services Act. The claims relate to the opacity of advertising, the limited access of researchers to data, and the sale of verification status.


  • Asian refineries suffer from sanctions against Russia: they are reducing production volumes by 10-20% and considering closure. The refineries of Shandong Province in China, as well as plants in South Korea, Singapore and Taiwan, are suffering the most from market conditions. Also there is no positive effect for Russia yet.


  • Donald Trump expressed doubt about the need for further financing of NATO. The US president noted that America ensures the security of its allies, but does not receive reciprocal support. He also reiterated the importance of increasing the alliance's defense spending from 2% to 5% of GDP.


  • Memcoins TRUMP and MELANIA, launched by the Trump family, have attracted criticism for their speculative nature. Investors also accused the president of using power for profit. Congresswoman Maxine Waters called these memcoins the worst examples in the world of cryptocurrencies.


  • The United States has the potential to provide energy resources to the entire world for hundreds of years. This was stated by Trump, noting that natural gas is the cleanest and most efficient source of energy. He also highlighted plans to increase hydrocarbon production by reducing the development of wind power.

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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.