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 17


January, 17 2025
watermark Economic news

  • Elon Musk continues to face difficulties in preparing for a mission to the moon. The seventh test launch of the Starship with a Super Heavy launch vehicle ended in failure. According to Musk himself, the cause of the accident was a fuel leak. However, there is progress: for the first time, the launch vehicle was returned to earth, which was not possible in previous launches.


  • Biden is preparing steps against Trump at the end of his presidency. In the remaining two days in office, Biden may pardon a number of individuals to prevent their possible punishment after Trump takes office. He also plans to sign a decree aimed at combating gender discrimination.


  • Turkey refuses Visa and Mastercard. The country's state-owned banks will start issuing cards only to the national payment system Troy. All government payments, including pensions, scholarships and allowances, will pass through it. The Troy system is already in operation in 185 countries.


  • Britain is considering deploying military bases in Ukraine. This is provided for in the framework of the «100-year partnership» agreement signed by London and Kiev. The agreement provides for annual support to Ukraine in the amount of more than $3 billion over the next six years, as well as cooperation in the military and economic spheres.


  • The United States is increasing oil production amid sanctions against Russia. After four years of declining energy production, Washington intends to compensate for the drop in Russian exports. In addition, Trump is developing a plan for sanctions against the Russian oil sector. Secondary sanctions aimed at European shippers and Asian buyers reselling Russian oil are expected to be tightened.


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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.